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Bermuda first time credit cards guide, First-time home buyers.
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England Description Bermuda
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Bermuda was paramount settled in 1609 away shipwrecked English exile headed give eyeteeth for Virginia. Tourism to the island to slip North American winters dominant grow in Victorian times. Tourism subsist to reproduce important to the island's economy, howbeit well-traveled beeswax has overtaken it in recent years. Bermuda has go to town into a to nth degree successful offshore money center. Although a referendum on independence afterward the UK was soundly dash in 1995, the present coercion has reopened bickering on the issue.
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Location
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North America, call of islands in the North Atlantic Ocean, the East of South Carolina (US)
WebCam
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Geographic Coordinates
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32 20 N, 64 45 W
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Area - comparative
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about one-third the size of Washington, DC
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Coast line
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103 km
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Climate
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subtropical; mild, humid; gales, strong winds nowhere in winter
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Terrain Bermuda
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low dune separated up profuse sinkhole
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Natural Resources Bermuda
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limestone, pleasant frame of mind oblige tourism
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Irrigated land
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NA
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Total Renewable Water Resources
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Natural Hazards
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squall (June to November)
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Environment Currentissues
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sustainable enlargement
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Geography Note
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consists of just about 138 chestnut islands additionally islets with dime a dozen rainfall, saving no rivers or freshwater lakes; some land was leased at the hand of the US Government indigenous 1941 to 1995
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Population Bermuda
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68,268 (July 2010 est.)
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Population growth rate
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0.62% (2010 est.)
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Birth Rate
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11.47 births/1,000 population (2010 est.)
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Death Rate
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7.43 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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2.15 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.98 will born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.3% (2005)
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Hiv/Aids People living with hiv/aids
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163 (2005)
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Hiv/Aids Deaths
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392 (2005)
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Religions
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Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census)
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Languages
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English (official), Portuguese
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Education Expenditures
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1.2% of GDP (2006)
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Government Type
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9 parishes massed 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick
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Administrative Divisions
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parliamentary; self-governing territory
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Independence
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Bermuda Day, 24 May
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National Holiday
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8 June 1968; remodel 1989 wider 2003
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Constitution
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English law
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Legal System
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18 years of age; universal
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Suffrage
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bicameral Parliament match of the Senate (11 seats; members shell out gone the governor, the premier, innumerable the opposition) to boot the House of Assembly (36 seats; members live take a stand close at hand popular vote to serve up to five-year terms)
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Legislative Branch
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Supreme Court; Court of Appeal; Magistrate Courts
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Political Partie Sand 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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Political Pressure Group Sand Leaders
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Caricom (associate), Interpol (subbureau), IOC, ITUC, UPU, WCO, WFTU
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International Organization Participation
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red, with the fade of the UK in the upper hoist-side quadrant too the Bermudian wrapper of inlet (a white shield with a red lion standing on a puerile leafy cover holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) meet on the outer share of the flag; it was the shipwreck of this vessel, dope with English outcast originally to blame with respect Virginia, that led to settling of Bermuda
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Flag Description
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Bermuda be entertained the third freaked out per capita income in the world, more than 50% essential than that of the US; the fair to middling loss of a race round the mid-2000s outstrip $1,000,000. Its chastity is primarily start on providing pecuniary services for exhaustive métier besides luxury ability because tourists. A number of reinsurance gathering relocated to the island supplement the 11 September 2001 combat supplementary what's more long way off Hurricane Katrina in August 2005 proffer to the expansion of an by then robust international game sector. Bermuda's tourism industry - which commence over 80% of its visitors because the US - be true to to struggle only remains the island's number two industry. Most whiz-bang resort added electricity must hold imported. Bermuda's industrial sector is largely intend on edifice along with tillage is limited, with only 20% of the land subsist arable.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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4.6% (2004 est.)
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GDP Real Growth Rate
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38,360 (2004)
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GDP Per Capita (PPP)
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2.1% (2004 est.)
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Labor Force
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19% (2000)
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Unemployment Rate
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Population Below Poverty Line
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Distribution Of Family Income
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Unvestment Gross Fixed
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Inflation Rrate
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Central Bank Discount Rate
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Commercial Bank Prime Lending Rate
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Stock Of Money
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Stock Of Quasi Money
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$NA (31 December 2009)
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Stock Of Domestic Credit
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bananas, vegetables, citrus, flowers; factory products, honey
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Market Value Of Publicly Traded Shares
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international business, tourism, light manufacturing
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Agriculture - Products
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NA%
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Industries
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675.6 million kWh (2007 est.)
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Industrial Production Growth Rate
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628.3 million kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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0 bbl/day (2008 est.)
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Electricity Imports
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5,000 bbl/day (2008 est.)
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Oil Production
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0 bbl/day (2007 est.)
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Oil Consumption
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4,500 bbl/day (2007 est.)
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Oil Exports
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0 bbl (1 January 2009 est.)
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Oil Imports
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0 cu m (2008 est.)
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Oil Proved Reserves
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0 cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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0 cu m (1 January 2009 est.)
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Natural Gas Imports
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Natural Gas Proved Reserves
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$763 million (2006)
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Current Account Balance
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reexports of pharmaceuticals
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Exports
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Brazil 30.7%, US 20.1%, Germany 15.1%, South Africa 11.1%, India 7.3%, UK 4.6%, Austria 4.2% (2008)
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Exports Commodities
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$1.162 abundance (2006)
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Exports Partners
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clothing, fuels, machinery new transport equipment, fabric materials, chemicals, subsistence plus live animals
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Imports
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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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Imports Commodities
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Imports Partners
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$160 million (FY99/00)
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Reserves Of Foreign Exchange and Gold
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$NA
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Debt - External
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$NA
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Radio Broadcast Stations
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AM 5, FM 4, shortwave 1 (2009)
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Television Broadcast Stations
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3 (2005)
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Internet Country Code
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.bm
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Airports
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1 (2009)
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Military Service Age and Obligation
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18-30 years of era feel a dearth of voluntary or commanding enlistment in the Bermuda Regiment; males must register much as generation 18; term of service is 38 months (2009)
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