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Bermuda profile

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(Last updated: 13 Mar 2009)


Current business situation

The Department of Foreign Affairs and Trade (DFAT) provides advice for business travellers and tourists going to Bermuda. This is regularly updated, and should be checked before planning travel.

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Country overview

Capital city: Hamilton
Surface area: 53.3 sq km
Population: 66,536
Official language(s): English, Portuguese
Head of State: Queen Elizabeth II, represented by Governor Sir Richard Gozney
Head of Government: Premier Ewart Brown
Bermuda's principal export destinations: Spain, Germany, Switzerland
Bermuda's principal import sources: South Korea, Germany, Italy
(Source: CIA - The World Fact Book)

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Economic climate

Key economic indicators and statistics for 2004*:

GDP - N/A
GDP per capita (PPP) - US$69,900
Real GDP growth - 4.6 per cent
Inflation - 2.8 per cent (2005)

(*latest available statistics)

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Political climate

Bermuda is a parliamentary, self-governing territory. The Cabinet is nominated by the premier and appointed by the governor.

The last general election was held on 18 December 2007, with the next election to be held before 2012.

(Source: CIA - The World Fact Book)

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OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the ANCP website.

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Disclaimer

Austrade makes no warranty, express or implied as to the fitness for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any information contained in this document. Any consequential loss or damage suffered as a result of reliance on this information is the sole responsibility of the user.