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Bermuda

Capital Hamilton
Area Sq Km 53.3
Area Sq Miles
Population 63,960
Languages English
Religions Protestant, Roman, Catholic
Currency Dollar
National Day

Bermuda

Economy Overview
Bermuda enjoys one of the highest per capita incomes in the world, with its economy 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 already weakening tourism industry - which derives over 80% of its visitors from the US - has been further hit as American tourists have chosen not to travel. Most capital equipment and food must be imported, with the US serving as the primary source of goods, followed by the UK. Bermuda's industrial sector is small, although construction continues to be important. Agriculture is limited, only 6% of the land being arable.
Government
Bermuda is a British Crown Colony and the administration is based on a constitution adopted in 1968. Its bicameral legislature - the Senate with 11 appointed members and the 40-member House of Assembly, elected by universal adult suffrage for a five-year term. A governor, appointed by the British crown, is responsible for external affairs, internal security, defense, and the police and is advised by an executive council on other matters. The governor in turns appoints the majority leader in the House of Assembly as Premier; the latter appoints the Cabinet. The executive council consists of the premier, who is the head of the leading party in the House of Assembly, and at least six other members of the legislature. The leading political organizations are the United Bermuda Party (1964) and the Progressive Labor Party (1963).

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