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Bermuda Economy
GDP:
purchasing power parity - $2.33 billion (2003 est.)
GDP - real growth rate:
2% (2003 est.)
GDP - per capita:
purchasing power parity - $36,000 (2003 est.)
GDP - composition by sector:
agriculture: 1%
industry: 10%
services: 89% (2002 est.)
Population below poverty line:
19% (2000)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
3.3% (mid-2003 est.)
Labor force:
37,470 (2000)
Labor force - by occupation:
agriculture and fishing 3%, laborers 17%, clerical 22%, professional and technical 17%, administrative and managerial 13%, sales 8%, services 20% (2000 est.)
Unemployment rate:
5% (2002 est.)
Budget:
revenues: $671.1 million
expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
Industries:
tourism, international business, light manufacturing
Industrial production growth rate:
NA
Electricity - production:
643.7 million kWh (2001)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
598.6 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
4,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Agriculture - products:
bananas, vegetables, citrus, flowers; dairy products
Exports:
$879 million (2002)
Exports - commodities:
reexports of pharmaceuticals
Exports - partners:
France 72.3%, UK 8.7%, Sweden 3% (2003 est.)
Imports:
$5.523 billion (2002)
Imports - commodities:
machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners:
Kazakhstan 45.9%, France 28.8%, South Korea 8.3%, US 7.6% (2003 est.)
Debt - external:
$160 million (FY99/00)
Economic aid - recipient:
NA
Currency:
Bermudian dollar (BMD)
Currency code:
BMD
Exchange rates:
Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
Fiscal year:
1 April - 31 March
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