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Bermuda enjoys the third highest per capita income in the world more than 50% higher than that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following the 11 September 2001 attacks and again after Hurricane Katrina in August 2005 contributing to the expansion of an already robust international business sector. Bermuda's tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the island's number two industry. Most capi...  More..

Economy of Bermuda
SOURCE: CIA - The World Factbook
Currency Bermudian Dollar
Fiscal Year 01 April - 31 March
GDP (PPP) $4.5 billion (2004 est.)
GDP (per capita) $69,900 (2004 est.)
Exports $763 million (2006)
Imports $1.162 billion (2006)
Main Industries International Business, Tourism, Light Manufacturing
Exports - Commodities Reexports Of Pharmaceuticals
Imports - Commodities Clothing, Fuels, Machinery and Transport Equipment, Construction Materials, Chemicals, Food and Live Animals
Exports Partners Brazil 30.7%, US 20.1%, Germany 15.1%, South Africa 11.1%, India 7.3%, UK 4.6%, Austria 4.2% (2008)
Imports Partners Italy 26.2%, US 18%, South Korea 17.3%, UK 8.3%, Singapore 5.3%, France 5.1%, Norway 4.4% (2008)

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