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Background:
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Bermuda
was first settled in 1609 by shipwrecked English colonists
headed for Virginia. Tourism to the island to escape North
American winters first developed in Victorian times. Tourism
continues to be important to the island's economy, although
international business has overtaken it in recent years. Bermuda
has developed into a highly successful offshore financial
center. A referendum on independence was soundly defeated in
1995. |
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Location:
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North America,
group of islands in the North Atlantic Ocean, east of South
Carolina (US) |
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Map references:
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North
America |
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Area:
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total: 53.3
sq km
water: 0 sq km
land: 53.3 sq km |
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Area - comparative:
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about one-third the
size of Washington, DC |
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Land boundaries:
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0 km |
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Coastline:
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103 km |
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Climate:
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subtropical; mild,
humid; gales, strong winds common in winter |
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Terrain:
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low hills separated
by fertile depressions |
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Elevation extremes:
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lowest point:
Atlantic Ocean 0 m
highest point: Town Hill 76 m |
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Natural resources:
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limestone, pleasant
climate fostering tourism |
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Land use:
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arable land:
6%
permanent crops: 0%
other: 94% (55% developed, 45% rural/open space) (1998
est.) |
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Irrigated land:
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NA sq km |
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Natural hazards:
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hurricanes (June to
November) |
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Environment - current issues:
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asbestos disposal;
water pollution; preservation of open space; sustainable
development |
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Geography - note:
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consists of about
138 coral islands and islets with ample rainfall, but no rivers
or freshwater lakes; some land was leased by US Government from
1941 to 1995 |
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Population:
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64,935 (July 2004
est.) |
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Age structure:
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0-14 years:
19.1% (male 6,192; female 6,186)
15-64 years: 69.3% (male 22,268; female 22,703)
65 years and over: 11.7% (male 3,295; female 4,291) (2004
est.) |
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Median age:
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total: 39.2
years
male: 38.3 years
female: 40.1 years (2004 est.) |
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Population growth rate:
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0.68% (2004 est.) |
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Birth rate:
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11.83 births/1,000
population (2004 est.) |
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Death rate:
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7.55 deaths/1,000
population (2004 est.) |
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Net migration rate:
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2.49 migrant(s)/1,000
population (2004 est.) |
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Sex ratio:
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at birth:
1.02 male(s)/female
under 15 years: 1 male(s)/female
15-64 years: 0.98 male(s)/female
65 years and over: 0.77 male(s)/female
total population: 0.96 male(s)/female (2004 est.) |
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Infant mortality rate:
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total: 8.79
deaths/1,000 live births
female: 7.1 deaths/1,000 live births (2004 est.)
male: 10.45 deaths/1,000 live births |
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Life expectancy at birth:
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total
population: 77.6 years
male: 75.54 years
female: 79.7 years (2004 est.) |
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HIV/AIDS - adult prevalence rate:
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NA% |
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Nationality:
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noun:
Bermudian(s)
adjective: Bermudian |
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Ethnic groups:
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black 58%, white
36%, other 6% |
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Religions:
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non-Anglican
Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19% |
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Languages:
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English (official),
Portuguese |
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Literacy:
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definition:
age 15 and over can read and write
total population: 98%
male: 98%
female: 99% (1970 est.) |
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Country name:
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conventional
long form: none
conventional short form: Bermuda
former: Somers Islands |
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Dependency status:
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overseas territory
of the UK |
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Government type:
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parliamentary
British overseas territory with internal self-government |
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Capital:
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Hamilton |
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Administrative divisions:
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9 parishes and 2
municipalities*; Devonshire, Hamilton, Hamilton*, Paget,
Pembroke, Saint George*, Saint George's, Sandys, Smith's,
Southampton, Warwick |
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Independence:
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none (overseas
territory of the UK) |
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National holiday:
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Bermuda Day, 24 May |
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Constitution:
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8 June 1968,
amended 1989 and 2003 |
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Legal system:
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English law |
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Suffrage:
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18 years of age;
universal |
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Executive branch:
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chief of state:
Queen ELIZABETH II (since 6 February 1952), represented by
Governor Sir John VEREKER (since NA April 2002)
head of government: Premier Alex SCOTT (since 24 July
2003); Deputy Premier Ewart BROWN
cabinet: Cabinet nominated by the premier, appointed by
the governor
elections: none; the monarch is hereditary; governor
appointed by the monarch; following legislative elections, the
leader of the majority party or the leader of the majority
coalition is usually appointed premier by the governor |
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Legislative branch:
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bicameral
Parliament consists of the Senate (an 11-member body appointed
by the governor, the premier, and the opposition) and the House
of Assembly (36 seats; members are elected by popular vote to
serve up to five-year terms)
elections: last general election held 24 July 2003 (next
to be held NA July 2008)
election results: percent of vote by party - PLP 51.7%,
UBP 48%; seats by party - PLP 22, UBP 14 |
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Judicial branch:
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Supreme Court;
Court of Appeal; Magistrate Courts |
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Political parties and leaders:
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Gombey Liberation
Party or GLP [Gavin Sundjata SMITH); National Liberal Party or
NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [William
Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS]; |
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Political pressure groups and leaders:
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Bermuda Employer's
Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick
BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL];
Bermuda Union of Teachers [Michael CHARLES] |
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Diplomatic representation in the US:
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none (overseas
territory of the UK) |
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Diplomatic representation from the US:
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chief of
mission: Consul General Denis Patrick COLEMAN, Jr.
consulate(s) general: Crown Hill, 16 Middle Road,
Devonshire DVO3
mailing address: P. O. Box HM325, Hamilton HMBX; American
Consulate General Hamilton, Department of State, 5300 Hamilton
Place, Washington, DC 20520-5300
telephone: [1] (441) 295-1342
FAX: [1] (441) 295-1592, [1] (441) 296-9233 |
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Economy - overview:
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Bermuda enjoys one
of the highest per capita incomes in the world, equal to that of
the US. Its economy is primarily based on providing financial
services for international business and luxury facilities for
tourists. The effects of 11 September 2001 have had both
positive and negative ramifications for Bermuda. On the positive
side, a number of new reinsurance companies have located on the
island, contributing to the expansion of an already robust
international business sector. On the negative side, Bermuda's
tourism industry - which derives over 80% of its visitors from
the US - was severely hit as American tourists chose not to
travel. Tourism rebounded somewhat in 2002-03. Most capital
equipment and food must be imported. Bermuda's industrial sector
is small, although construction continues to be important; the
average cost of a house in June 2003 had risen to $976,000.
Agriculture is limited, only 6% of the land being arable. |
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GDP:
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purchasing power
parity - $2.33 billion (2003 est.) |
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GDP - real growth rate:
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2% (2003 est.) |
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GDP - per capita:
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purchasing power
parity - $36,000 (2003 est.) |
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GDP - composition by sector:
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agriculture:
1%
industry: 10%
services: 89% (2002 est.) |
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Population below poverty line:
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19% NA% (2000) |
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Inflation rate (consumer prices):
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3.3% (mid-2003
est.) |
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Labor force:
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37,472 (2000) |
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Labor force - by occupation:
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clerical 22%,
services 20%, laborers 17%, professional and technical 17%,
administrative and managerial 13%, sales 8%, agriculture and
fishing 3% (2000 est.) |
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Unemployment rate:
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5% (2002 est.) |
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Budget:
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revenues:
$671.1 million
expenditures: $594.6 million, including capital
expenditures of $55 million (FY03/04) |
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Industries:
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tourism,
international business, light manufacturing |
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Industrial production growth rate:
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NA% |
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Electricity - production:
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643.7 million kWh
(2001) |
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Electricity - production by source:
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fossil fuel:
100%
hydro: 0%
other: 0% (2001)
nuclear: 0% |
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Electricity - consumption:
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598.6 million kWh
(2001) |
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Oil - production:
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0 bbl/day (2001
est.) |
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Oil - consumption:
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4,000 bbl/day (2001
est.) |
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Agriculture - products:
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bananas,
vegetables, citrus, flowers; dairy products |
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Exports:
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$879 million (2002) |
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Exports - commodities:
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reexports of
pharmaceuticals |
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Exports - partners:
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France 77.6%, Peru
3.1%, UK 2.8% (2002) |
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Imports:
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$5.523 billion
(2002) |
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Imports - commodities:
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machinery and
transport equipment, construction materials, chemicals, food and
live animals |
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Imports - partners:
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Kazakhstan 40.1%,
France 21.1%, Italy 9%, US 8.3%, South Korea 7.2%, Mexico 4.1%
(2002) |
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Debt - external:
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$160 million
(FY99/00) |
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Economic aid - recipient:
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$NA |
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Currency:
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Bermudian dollar (BMD) |
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Currency code:
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BMD |
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Exchange rates:
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Bermudian dollar
per US dollar - 1.0000 (fixed rate pegged to the US dollar) |
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Telephones - main lines in use:
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56,000 (2002) |
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Telephones - mobile cellular:
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37,873 (2003) |
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Telephone system:
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general
assessment: good
domestic: modern, fully automatic telephone system
international: country code - 1-441; 3 submarine cables;
satellite earth stations - 3 Intelsat (Atlantic Ocean) |
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Radio broadcast stations:
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AM 5, FM 3,
shortwave 0 (1998) |
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Television broadcast stations:
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4 (2003) |
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Internet country code:
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.bm |
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Internet hosts:
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5,161 (2001) |
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Internet users:
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34,500 (2003) |
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Highways:
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total: 450
km
paved: 450 km
note: public roads - 209 km; private roads - 241 km
(2002)
unpaved: 0 km |
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Waterways:
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none |
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Ports and harbors:
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Hamilton, Saint
George's, Dockyard |
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Merchant marine:
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total: 94
ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT
registered in other countries: 2 (2003 est.)
foreign-owned: Croatia 5, Germany 2, Greece 21, Hong Kong
9, Indonesia 1, Sweden 6, Switzerland 1, United Kingdom 33,
United States 12
by type: bulk 25, cargo 4, container 17, liquefied gas 9,
passenger 6, petroleum tanker 9, refrigerated cargo 11, roll
on/roll off 10, short-sea/passenger 3 |
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Airports:
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1 (2003 est.) |
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Airports - with paved runways:
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total: 1
2,438 to 3,047 m: 1 (2003 est.) |
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Military branches:
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Bermuda Regiment |
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Military expenditures - dollar figure:
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$4.03 million
(2001) |
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Military expenditures - percent of GDP:
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0.11% (FY00/01) |
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Military - note:
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defense is the
responsibility of the UK |
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Disputes - international:
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none |
This page was last updated on 11 May, 2004
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