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Economy of Bermuda information


Houses in Bermuda

Bermuda is a British Overseas Territory comprising a number of islands, with an area of 54 km2 (20.8 sq mi), located in the North Atlantic Ocean, which in 2016 had a population of 65,331.[1]

Bermuda now has the fourth highest per capita incomes in the world,[2] primarily fueled by offshore financial services for non-resident firms, especially offshore insurance and reinsurance, and tourism. In 2014, 584,702 tourists visited the territory. Tourism accounts for an estimated 28% of gross domestic product (GDP), 85% of which is from North America. The industrial sector is small, and agriculture is now severely limited by a lack of suitable land. About 80% of food is imported. International business contributes over 60% of Bermuda's economic output. A failed independence vote in late 1995 can be partially attributed to Bermudian fears of scaring away foreign firms. Government economic priorities are for further strengthening of the tourist and international financial sectors.

  1. ^ Google maps - Bermuda
  2. ^ "Bermuda: Economy". globaledge.msu.edu. Retrieved 2021-10-07.

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This is a demography of the population of Bermuda including population density, ethnicity, education level, health of the populace, economic status, religious...

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Bermuda black hole refers to base erosion and profit shifting (BEPS) tax avoidance schemes in which untaxed global profits end up in Bermuda, which is...

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century before the Acts of Union created the Kingdom of Great Britain. Bermuda has a highly affluent economy, with a large financial sector and tourism industry...

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Bermuda (officially, The Bermuda Islands or The Somers Isles) is an overseas territory of the United Kingdom in the North Atlantic Ocean. Located off...

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The British colony of Bermuda issued revenue stamps from 1936 to 1984. Until 1936, dual purpose postage and revenue stamps were used for fiscal purposes...

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