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industry, which accounts for an estimated 28% of GDP, attracts 84% 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 fears of scaring away foreign firms. GDP: purchasing power parity--$1.9 billion (1997 est.) GDP--real growth rate: 3% (1997 est.) GDP--per capita: purchasing power parity?$30,000 (1997 est.) GDP--composition by sector: agriculture: NA% industry: NA% services: NA% Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): 2.1% (1997) Labor force: 35,296 (1997) Labor force--by occupation: clerical 23%, services 22%, laborers 17%, professional and technical 17%, administrative and managerial 12%, sales 7%, agriculture and fishing 2% (1996) Unemployment rate: NEGL% (1995) Budget: revenues: $504.6 million expenditures: $537 million, including capital expenditures of $75 million (FY97/98) Industries: tourism, finance, insurance, structural concrete products, paints, perfumes, pharmaceuticals, ship repairing Industrial production growth rate: NA% Electricity--production: 480 million kWh (1996) Electricity--production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1996) Electricity--consumption: 480 million kWh (1996) Electricity--exports: 0 kWh (1996) Electricity--imports: 0 kWh (1996) Agriculture--products: bananas, vegetables, citrus, flowers; dairy products Exports: $57 million (1997) Exports--commodities: reexports of pharmaceuticals Exports--partners: Netherlands 50%, Brazil 13%, Canada 6% (1996) Imports: $617 million (1997) Imports--commodities: miscellaneous manufactured articles, machinery and transport equipment, food and live animals, chemicals Imports--partners: US 73%, UK 5%, Canada 4% (1996 est.) Debt--external: $NA Economic aid--recipient: $27.9 million (1995) Currency: 1 Bermudian dollar (Bd$) = 100 cents Exchange rates: Bermudian dollar (Bd$) per US$1--1.0000 (fixed rate) Fiscal year: 1 April--31 March Communications Telephones: 54,000 (1991 est.) Telephone system: domest
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