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Bermuda enjoys the third highest per capita income in the world, more than 50% higher than that of the US; the average cost of a house by the mid-2000s exceeded $1,000,000. 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 capital equipment and food must be imported. Bermuda's industrial sector is largely focused on construction and agriculture is limited, with only 20% of the land being arable.
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$4.5 billion (2004 est.)
country comparison to the world: 164
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$NA
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4.6% (2004 est.)
country comparison to the world: 34
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$69,900 (2004 est.)
country comparison to the world: 4
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agriculture: 1%
industry:
10%
services:
89% (2002 est.)
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38,360 (2004)
country comparison to the world: 199
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agriculture and fishing: 3%
laborers:
17%
clerical:
19%
professional and technical:
21%
administrative and managerial:
15%
sales:
7%
services:
19% (2004 est.)
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2.1% (2004 est.)
country comparison to the world: 13
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19% (2000)
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lowest 10%: NA%
highest 10%:
NA%
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revenues: $738 million
expenditures:
$665 million (FY04/05)
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2.8% (November 2005)
country comparison to the world: 96
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$NA (31 December 2009)
country comparison to the world: 95
$1.912 billion (31 December 2008)
$2.731 billion (31 December 2007)
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bananas, vegetables, citrus, flowers; dairy products, honey
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international business, tourism, light manufacturing
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NA%
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675.6 million kWh (2007 est.)
country comparison to the world: 153
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628.3 million kWh (2007 est.)
country comparison to the world: 155
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 205
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5,000 bbl/day (2009 est.)
country comparison to the world: 167
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0 bbl/day (2007 est.)
country comparison to the world: 209
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4,500 bbl/day (2007 est.)
country comparison to the world: 161
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0 bbl (1 January 2009 est.)
country comparison to the world: 101
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0 cu m (2008 est.)
country comparison to the world: 97
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0 cu m (2008 est.)
country comparison to the world: 206
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0 cu m (2008 est.)
country comparison to the world: 54
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0 cu m (2008 est.)
country comparison to the world: 81
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0 cu m (1 January 2009 est.)
country comparison to the world: 105
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$763 million (2006)
country comparison to the world: 157
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reexports of pharmaceuticals
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Spain 16.91%, India 10.15%, Brazil 9.55%, Germany 7.4% (2009)
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$1.162 billion (2006)
country comparison to the world: 166
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clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals
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US 31.2%, South Korea 26.71%, Brazil 6.77%, Ireland 6.11%, Singapore 5.35% (2009)
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$160 million (FY99/00)
country comparison to the world: 177
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$NA
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$NA
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Bermudian dollars (BMD) per US dollar - 1.0000 (fixed rate pegged to the US dollar)
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