Union (BIU),
headed by Ottiwell Simmons

Member of: INTERPOL, WHO

Diplomatic representation: as a dependent territory of the UK,
Bermuda's interests in the US are represented by the UK; US--Consul
General James M. MEDAS; Consulate General at Vallis Building,
Par-la-Ville Road (off Front Street West), Hamilton (mailing address is
P. O. Box 325, Hamilton, or FPO New York 09560); telephone (809) 295-1342

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

- 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: $1.3 billion, per capita $23,000; real growth rate 2.0% (1989 est.)

Inflation rate (consumer prices): 4.8% (1988)

Unemployment: 2.0% (1988)

Budget: revenues $280 million; expenditures $279 million, including
capital expenditures of $34 million (FY89 est.)

Exports: $23 million (f.o.b.,1985);
commodities--semitropical produce, light manufactures;
partners--US 25%, Italy 25%, UK 14%, Canada 5%, other 31%

Imports: $402 million (c.i.f., 1985);
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: 134,000 kW capacity; 446 million kWh produced,
7,680 kWh per capita (1989)

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

Aid: US commitments, including Ex-Im (FY70-81), $34 million; Western
(non-US) countries, ODA and OOF bilateral commitments (1970-87), $267 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

- Communications
Highways: 210 km publ