The 1992 CIA World Factbook. United States. Central Intelligence Agency

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Consulate General at Crown Hill, 16

       Middle Road, Devonshire, Hamilton (mailing address is P. O. Box HM325,

       Hamilton HMBX; PSC 1002, FPO AE 09727-1002); telephone (809) 295-1342; FAX

       (809) 295-1592

       Flag:

       red with the flag of the UK in the upper hoist-side quadrant and the

       Bermudian coat of arms (white and blue shield with a red lion holding a

       scrolled shield showing the sinking of the ship Sea Venture off Bermuda in

       1609) centered on the outer half of the flag

      :Bermuda Economy

      Overview:

       Bermuda enjoys one of the highest per capita incomes in the world, having

       successfully exploited its location by providing luxury tourist facilities

       and financial services. The tourist industry attracts more than 90% of its

       business from North America. The industrial sector is small, and agriculture

       is severely limited by a lack of suitable land. About 80% of food needs are

       imported.

       GDP:

       purchasing power equivalent - $1.3 billion, per capita $22,400; real growth

       rate 2.0% (1989 est.)

       Inflation rate (consumer prices):

       5.8% (June 1989, annual rate)

       Unemployment rate:

       2.0% (1988)

       Budget:

       revenues $361.6 million; expenditures $396.1 million, including capital

       expenditures of $74.1 million (FY91 est.)

       Exports:

       $30 million (f.o.b., FY88)

       commodities:

       semitropical produce, light manufactures

       partners:

       US 25%, Italy 25%, UK 14%, Canada 5%, other 31%

       Imports:

       $420 million (c.i.f., FY88)

       commodities:

       fuel, foodstuffs, machinery

       partners:

       US 58%, Netherlands Antilles 9%, UK 8%, Canada 6%, Japan 5%, other 14%

       External debt:

       NA

       Industrial production:

       growth rate NA%

       Electricity:

       154,000 kW capacity; 504 million kWh produced, 8,625 kWh per capita (1991)

       Industries:

       tourism, finance, structural concrete products, paints, pharmaceuticals,

       ship repairing

       Agriculture:

       accounts for less than 1% of GDP; most basic foods must be imported;

       produces bananas, vegetables, citrus fruits, flowers, dairy products

       Economic aid:

       US commitments, including Ex-Im (FY70-81), $34 million; Western (non-US)

       countries, ODA and OOF bilateral commitments (1970-89), $277 million

       Currency:

       Bermudian dollar (plural - dollars); 1 Bermudian dollar (Bd$) = 100 cents

       Exchange rates:

       Bermudian dollar (Bd$) per US$1 - 1.0000 (fixed rate)

       Fiscal year:

       1 April - 31 March

      :Bermuda Communications

      Highways:

       210 km public roads, all paved (about 400 km of private roads)

       Ports:

       Freeport, Hamilton, Saint George

       Merchant marine:

       73 ships (1,000 GRT or over) totaling 3,511,972 GRT/6,093,321 DWT; includes

       4 cargo, 5 refrigerated cargo, 4 container, 7 roll-on/roll-off, 23 petroleum

       tanker, 12 liquefied gas, 18 bulk; note - a flag of convenience registry

       Civil air:

       16 major transport aircraft

       Airports:

       1 with permanent-surface runways 2,440-3,659 m

       Telecommunications:

       modern with fully automatic telephone system; 52,670 telephones; broadcast

       stations - 5 AM, 3 FM, 2 TV; 3 submarine cables; 2 Atlantic Ocean INTELSAT

       earth stations

      :Bermuda Defense Forces

      Branches:

       Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary

       Note:

       defense is the responsibility of the UK

      :Bhutan Geography

      Total area:

       47,000 km2

       Land area:

       47,000 km2

       Comparative area:

       slightly more than half the size of Indiana

       Land boundaries:

       1,075 km; China 470 km, India 605 km

       Coastline:

       none - landlocked

       Maritime claims:

       none - landlocked

       Disputes:

       none

       Climate:

       varies; tropical in southern plains; cool winters and hot summers in central

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