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Bermuda

Country Statistics

10 data pointsYear: 2025

Bermuda is a British Overseas Territory located in the North Atlantic Ocean, renowned for its stunning pink sand beaches, vibrant coral reefs, and a subtropical climate that attracts visitors year-round. As one of the world's leading financial centers, Bermuda plays a significant role in international business, particularly in the insurance and reinsurance sectors, while also being known for its rich maritime history and cultural diversity. The territory is characterized by its unique blend of British and American influences, reflected in its architecture, cuisine, and local traditions. Notable features include the historic town of St. George, a UNESCO World Heritage site, and the Bermuda Triangle, a region infamous for its mysterious maritime incidents. With its picturesque landscapes and a strong commitment to environmental conservation, Bermuda stands out as a unique destination that combines natural beauty with economic significance.

Key Statistics for 2025

History

Bermuda's history is rich and complex, beginning with its discovery in the early 16th century. The island was first sighted by Spanish explorer Juan de Bermúdez in 1505, after whom it is named. However, it remained uninhabited until the arrival of the English in the early 17th century. In 1609, the English ship Sea Venture, en route to Virginia, was shipwrecked on the reefs of Bermuda, leading to the island’s colonization. The survivors, including the ship's captain, Sir George Somers, established a settlement, which laid the foundation for Bermuda's first permanent colony in 1612.

During the medieval period, Bermuda remained largely isolated, although it became strategically significant for maritime navigation. The island served as a vital stopover for ships traveling between Europe and the Americas. By the end of the 17th century, Bermuda had developed a thriving economy based on agriculture and shipbuilding, which fueled its growth. The introduction of the slave trade in the 18th century also played a crucial role in shaping the island's demographic and economic landscape, as enslaved Africans were brought to work on plantations and in the burgeoning maritime industry.

The modern history of Bermuda has been marked by significant political and social developments. In 1968, Bermuda achieved self-governance, becoming a British Overseas Territory. This period also saw the rise of tourism as a major economic driver, transforming the island into a popular vacation destination. The late 20th century was characterized by political tensions, particularly surrounding issues of race and governance, leading to reforms in the political landscape. In 1998, the Progressive Labour Party won its first election, marking a significant shift in Bermuda's political dynamics.

In recent years, Bermuda has continued to evolve, facing challenges related to climate change and economic diversification. The island has gained recognition for its efforts in financial services and insurance, becoming a global hub for reinsurance. Events such as the America's Cup in 2017 showcased Bermuda on the world stage, boosting its tourism and international profile. Today, the island's history is a testament to its resilience and adaptability, reflecting a unique blend of cultures influenced by its British heritage and the diverse communities that have contributed to its rich tapestry.

Geography

Bermuda is a British Overseas Territory located in the North Atlantic Ocean, approximately 1,035 kilometers (643 miles) east-southeast of Cape Hatteras, North Carolina, USA. This archipelago consists of around 138 islands, with the seven largest islands connected by bridges. The largest island, Main Island, is home to the capital city of Hamilton and is the most developed and populated area. Bermuda does not share land borders with any other nation, making its geographical isolation a defining characteristic.

The physical features of Bermuda are primarily characterized by its low-lying terrain, with the highest point being Fort Prospect, which rises only about 79 meters (259 feet) above sea level. The islands are formed from limestone and coral, creating a unique landscape including coves, beaches, and rocky shorelines. While there are no significant rivers on the islands, the coastal waters are rich in marine biodiversity, making Bermuda a popular destination for diving and snorkeling. The coastline features stunning pink sand beaches, which are a result of crushed coral and shells.

Bermuda has a subtropical climate, heavily influenced by the Gulf Stream, resulting in mild winters and warm summers. Average temperatures range from 15°C (59°F) in winter to around 30°C (86°F) in summer. Rainfall is fairly evenly distributed throughout the year, with an average annual precipitation of about 1,500 millimeters (59 inches). The territory experiences occasional hurricanes from June to November, which can bring intense rainfall and strong winds.

The islands' natural resources are limited, with the primary economic activities centered around tourism and international business. Although Bermuda lacks significant mineral resources, its marine environment offers rich fishing grounds and has led to a thriving seafood industry. Environmental characteristics include a variety of endemic species, particularly in its coastal ecosystems. The government actively promotes conservation efforts to protect the delicate balance of its natural habitats, which are integral to both the ecological integrity and the tourism appeal of Bermuda.

Government

Bermuda is a British Overseas Territory with a parliamentary democracy, characterized by a political system that blends British and local elements. The Governor of Bermuda, appointed by the British monarch, represents the Crown and oversees certain areas such as defense and foreign affairs. However, the majority of governance is handled by local elected officials within a framework that emphasizes self-governance. The political landscape is shaped by a multi-party system, with the Progressive Labour Party (PLP) and the One Bermuda Alliance (OBA) being the two primary political parties that have dominated recent elections.

The structure of the government in Bermuda consists of three branches: the executive, legislative, and judicial. The executive branch is led by the Premier, who is the head of government and is supported by a Cabinet of ministers. The legislative authority is vested in a bicameral Parliament, which comprises the House of Assembly and the Senate. The House of Assembly, made up of 36 elected members, is responsible for proposing and voting on legislation. The Senate, consisting of 11 appointed members, plays a role in reviewing and amending proposed laws. The judiciary is independent, with the Supreme Court of Bermuda being the highest court, followed by the Court of Appeal, which hears appeals from the Supreme Court.

Key institutions in Bermuda's government include the Office of the Premier, the Parliament of Bermuda, and the Governor's Office. The Premier, currently David Burt (as of October 2023), leads the government and is responsible for setting policy direction and administration. The Parliament functions not only as a legislative body but also as a forum for public discourse and accountability of the government. The Governor, currently Rena Lalgie, plays a significant role in maintaining the territory's constitutional framework while facilitating communication between the local government and the UK government.

The electoral system in Bermuda is based on a system of universal suffrage, allowing citizens aged 18 and older to vote in general elections, which are held every five years. The political landscape is characterized by a strong partisan divide, primarily between the PLP and the OBA, which influences policymaking and governance. Voter engagement and participation are critical, with elections typically generating significant public interest and debate surrounding key issues such as economic policy, healthcare, and social justice. Overall, Bermuda's government reflects a unique blend of British colonial influence and local democratic practices, fostering a stable environment for governance and civic engagement.

Economy

Bermuda operates a highly developed and diverse economy characterized by a strong emphasis on international business and tourism. As of the latest reports, the country's Gross Domestic Product (GDP) stands at approximately $6.4 billion, reflecting both the stability and resilience of its economic system. The economy is predominantly service-oriented, with financial services and tourism being the major contributors. Bermuda's GDP per capita is among the highest in the world, indicating a high standard of living for its residents.

The major industries in Bermuda include insurance and reinsurance, which significantly contribute to the island's economic output, alongside tourism, which attracts millions of visitors annually. The financial services sector, particularly the insurance industry, represents the largest segment of the economy, providing a substantial number of jobs and creating significant revenue through international business activities. Tourism, while affected by global events, remains a vital area of economic activity, with visitors drawn to the island's natural beauty, beaches, and historical landmarks.

Bermuda maintains strong trade relationships, particularly with the United States, which is its largest trading partner. The island primarily exports insurance services, along with agricultural products such as fish and flowers, while imports include machinery, foodstuffs, and fuel. The trade balance is typically in favor of imports, highlighting the island's reliance on foreign goods and services. The economy's dynamics are influenced by its strategic location and status as an offshore financial center, which fosters a competitive environment for multinational corporations.

Despite its economic strengths, Bermuda faces several challenges, including a high cost of living, vulnerability to global economic fluctuations, and an aging population. However, opportunities exist in expanding sectors like green technology and digital innovation, which could diversify the economy and enhance sustainability. Additionally, Bermuda's government is actively seeking to promote economic growth through initiatives aimed at attracting new businesses, particularly in technology and renewable energy, which could bolster resilience against future economic uncertainties.

Culture

Bermuda is a culturally rich British Overseas Territory located in the North Atlantic Ocean, known for its unique blend of influences from its diverse population. The primary language spoken is English, reflecting its colonial heritage. Additionally, the island has a notable mix of ethnic groups, with the majority being of African descent, alongside a significant number of individuals of British, Portuguese, and Indian ancestry. This multicultural landscape is mirrored in the island's religious practices, where Christianity predominates, particularly Anglicanism, but there are also communities practicing Hinduism, Islam, and other faiths, demonstrating a vibrant tapestry of beliefs.

Cultural traditions and customs in Bermuda are a fascinating amalgamation of African, British, and Caribbean influences. One of the most celebrated events is the annual Cup Match, a two-day cricket festival that commemorates the emancipation of enslaved people. This event encapsulates Bermudian pride and showcases local music, dance, and food, reflecting the island’s historical journey. Additionally, Gombey dancers, adorned in colorful costumes, perform during festivities, representing a fusion of African, Caribbean, and British cultural elements. The community also observes various festivals and parades, emphasizing communal bonds and cultural heritage.

The arts scene in Bermuda is vibrant, with a strong emphasis on music, literature, and visual arts. Calypso and reggae music are particularly popular, often performed during local celebrations, while the island’s literary contributions include works by authors such as Angela Barry and John Cox, who explore themes related to Bermudian identity and experience. Visual arts flourished with the establishment of galleries and exhibitions that showcase local talent, allowing artists to express their unique perspectives and the island's natural beauty. Such artistic endeavors play a significant role in promoting cultural dialogue and fostering community engagement.

Bermudian cuisine reflects its cultural diversity, featuring a mix of flavors and ingredients that highlight its maritime heritage. Traditional dishes often include fish chowder, spiny lobster, and the famous Bermudian rum cake, showcasing the island's reliance on seafood and local produce. Daily life on the island revolves around a leisurely pace, with outdoor activities such as sailing, golfing, and beach outings being favored pastimes. The strong sense of community is evident in the way locals celebrate life’s milestones, emphasizing family connections and social gatherings that often include food, music, and dance, reinforcing the island's commitment to maintaining its rich cultural traditions.

About This Data

This page displays comprehensive statistical data for Bermuda for the year 2025. All data points are sourced from authoritative international organizations and are regularly updated to ensure accuracy and reliability.

Click on any statistic to explore more detailed information, see how Bermuda compares with other countries, and view historical trends.

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