leaders: Bermuda Industrial Union or BIU
[Derrick BURGESS]

International organization participation: Caricom (observer), CCC,
ICFTU, Interpol (subbureau), IOC

Diplomatic representation in the US: none (dependent territory of the
UK)

Diplomatic representation from the US:
chief of mission: Consul General Robert A. FARMER
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire, Hamilton
mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate
General Hamilton, Department of State, Washington, DC 20521-5300
telephone: [1] (441) 295-1342
FAX: [1] (441) 295-1592

Flag description: 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

Economy - overview: Bermuda enjoys one of the highest per capita
incomes in the world, having successfully exploited its location by
providing financial services for international firms and luxury
tourist facilities for 200,000 visitors annually. The tourist industry
attracts 91% 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. International business
contributes over 60% of Bermuda's economic output; a failed
independence vote in late 1995 can be partially attributed to
Bermudian's fear of scaring away foreign firms.

GDP: purchasing power parity - $1.8 billion (1996 est.)

GDP - real growth rate: 2.4% (1996 est.)

GDP - per capita: purchasing power parity - $29,000 (1996 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Inflation rate - consumer price index: 2.5% (1996 est.)

Labor force:
total: 34,133
by occupation: clerical 23%, services 23%, laborers 17%, professional
and technical 16%, administrative and managerial 12%, sales 7%,
agriculture and fishing 2% (1995)

Unemployment rate: NEGL% (1995)

Budget:
revenues: $406.2 million
expenditures : $405.9 million, including capital expenditures of $34.5
million (FY94/95 est.)

Industries: tourism, finance, insurance, structural concrete products,
paints, perfumes, pharmaceuticals, ship repairing

Industrial production growth rate: NA%

Electricity - capacity: 145,000 kW (1996)

Electricity - production: 527,526,728 kWh (1996)

Elec