Bermuda

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Introduction - Bermuda:
Location - Bermuda:
People - Bermuda:
Government - Bermuda:
Economy - Bermuda:
Economy overview	Bermuda enjoys the highest per capita income in the world, more than 50% higher than that of the US. 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. Bermudas tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the islands number two industry. Most capital equipment and food must be imported. Bermudas industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited with only 20% of the land being arable.

Gdp purchasing power parity	$4.5 billion (2004 est.)

Gdp official exchange rate	NA

Gdp real growth rate	4.6% (2004 est.)

Gdp per capita ppp	$69,900 (2004 est.)

Gdp composition by sector	agriculture: 1% industry: 10% services: 89% (2002 est.)

Labor force	38,360 (2004)

Labor force by occupation	agriculture and fishing 3%, laborers 17%, clerical 19%, professional and technical 21%, administrative and managerial 15%, sales 7%, services 19% (2004 est.)

Unemployment rate	2.1% (2004 est.)

Population below poverty line	19% (2000)

Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices	2.8% (November 2005)

Budget	revenues: $738 million expenditures: $665 million (FY04/05)

Agriculture products	bananas, vegetables, citrus, flowers; dairy products, honey

Industries	international business, tourism, light manufacturing

Industrial production growth rate	NA%

Electricity production	682.5 million kWh (2005)

Electricity consumption	616.7 million kWh (2005)

Electricity exports	0 kWh (2005)

Electricity imports	0 kWh (2004)

Oil production	0 bbl/day (2004)

Oil consumption	4,658 bbl/day (2005 est.)

Oil exports	0 bbl/day (2005)

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Exports	$1.469 billion (2004 est.)

Exports commodities	reexports of pharmaceuticals

Exports partners	Spain 35%, UK 18.4%, Sweden 8.7%, Germany 4.1% (2006)

Imports	$982 million (2004 est.)

Imports commodities	clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals

Imports partners	South Korea 21.5%, US 16.7%, Germany 16.1%, Italy 13.4%, Spain 8.8% (2006)

Debt external	$160 million (FY99/00)

Economic aid recipient	$NA

Currency code	Bermudian dollar (BMD)

Exchange rates	Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)

Communications - Bermuda:
Transportation - Bermuda:
Military - Bermuda:

This page was last updated on 16 September, 2007
Source: CIA >>>

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An Intelligence Quotient or IQ is a score derived from one of several different standardized tests attempting to measure intelligence. Although the term "IQ" is still in common use, the scoring of modern IQ tests such as the Wechsler Adult Intelligence Scale is now based on a projection of the subject's measured rank on the Gaussian bell curve with a center value (average IQ) of 100, and a standard deviation of 15, although different tests may have different standard deviations. The average IQ scores for many populations have been rising at an average rate of three points per decade since the early 20th century with most of the increase in the lower half of the IQ range: a phenomenon called the Flynn effect. It is disputed whether these changes in scores reflect real changes in intellectual abilities, or merely methodological problems with past or present testing. (Wikipedie)

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Bermuda

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Bermuda

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Back to Countries, Click to read the whole article: Bermuda

Economy overview

Gdp purchasing power parity

$4.5 billion (2004 est.)

Gdp official exchange rate

NA

Gdp real growth rate

4.6% (2004 est.)

Gdp per capita ppp

$69,900 (2004 est.)

Gdp composition by sector

agriculture: 1% industry: 10% services: 89% (2002 est.)

Labor force

38,360 (2004)

Labor force by occupation

agriculture and fishing 3%, laborers 17%, clerical 19%, professional and technical 21%, administrative and managerial 15%, sales 7%, services 19% (2004 est.)

Unemployment rate

2.1% (2004 est.)

Population below poverty line

19% (2000)

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices

2.8% (November 2005)

Budget

revenues: $738 million expenditures: $665 million (FY04/05)

Agriculture products

bananas, vegetables, citrus, flowers; dairy products, honey

Industries

international business, tourism, light manufacturing

Industrial production growth rate

NA%

Electricity production

682.5 million kWh (2005)

Electricity consumption

616.7 million kWh (2005)

Electricity exports

0 kWh (2005)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004)

Oil consumption

4,658 bbl/day (2005 est.)

Oil exports

0 bbl/day (2005)

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$1.469 billion (2004 est.)

Exports commodities

reexports of pharmaceuticals

Exports partners

Spain 35%, UK 18.4%, Sweden 8.7%, Germany 4.1% (2006)

Imports

$982 million (2004 est.)

Imports commodities

clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals

Imports partners

South Korea 21.5%, US 16.7%, Germany 16.1%, Italy 13.4%, Spain 8.8% (2006)

Debt external

$160 million (FY99/00)

Economic aid recipient

$NA

Currency code

Bermudian dollar (BMD)

Exchange rates

Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)

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IQ test lasts approximately 30 minutes and contains 40 questions !

In the IQ test you must focus on the maximum. Test questions are simple. In the IQ test may not use the calculator and paper.

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agriculture: 1%
industry: 10%
services: 89% (2002 est.)

lowest 10%: NA%
highest 10%: NA%

revenues: $738 million
expenditures: $665 million (FY04/05)