21, Nov 2009, CST. Welcome to the Bermuda economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Bermuda › Change country
National or Regional Currency: Bermudian Dollar, BMD
Year of data: 2008 › Change year
Number of Indicators Listed: 1
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 67,837 (July 2009 est.)
Area: total: 53.3 sq km land: 53.3 sq km water: 0 sq km
Natural Resources: limestone, pleasant climate fostering tourism
Government Type: Bermuda government type
Government Ministers: Bermuda ministers
Capital: Hamilton
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Bermuda enjoys the third highest per capita income internationally, more than 50 per cent higher than that of the USA. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following the 11 September 2001 attacks and again after Hurricane Katrina in August 2005, contributing to the expansion of an already robust international business sector. Bermuda's tourism and transportation industry - which derives over 80 per cent of its visitors from the USA - perpetuates to struggle but remains the island's number two industry. Most capital equipment and food stuffs must be imported. Bermuda's industrial sector is small, although construction and building perpetuates to be important; the average cost of a house in June 2003 had risen to US$976,000. Agriculture, fisheries and farming is put a ceiling on with only 20 per cent of the land being arable (farmable).

GDP (Current Prices, US Dollars) for Bermuda in year 2008 is US$ n/a Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Growth (Constant Prices, National Currency) for Bermuda in year 2008 is n/a %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.