Bermuda Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $1,003 million (1983-84), $18,040 per capita (1983-84); real growth rate 1.1%

(1983-84); average inflation rate 3.8% (1984-85)

Natural resources: limestone (used primarily for building)

Agriculture: main products—bananas, vegetables, Easter lilies, dairy products, citrus fruits

Major industries: tourism (33%), finance, structural concrete products, paints, perfumes, furniture

Electric power: 110,000 kW capacity (1985); 350 million kWh produced (1985), 6,034 kWh per capita

Exports: $40.5 million (1984); semitropical produce, light manufactures

Imports: $411,094 million (1984); fuel, foodstuffs, machinery

Major trade partners: 57% US, 9% Caribbean countries, 8% UK, 6% Canada, 20% other; tourists, 90% US

Aid: economic—bilateral commitments, including Ex-Im (FY7O-81), from US $34 million; from Western (non-US) countries, ODA and OOF (1970-82), $252 million; no military aid

Budget: revenues, $159 million; expenditures, $143 million (FY82/83)

Monetary conversion rate: 1 Bermuda dollar=US$l (September 1985)

Fiscal year: 1 April-31 March

NOTE: The information regarding Bermuda on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Bermuda 1986 information contained here. All suggestions for corrections of any errors about Bermuda 1986 should be addressed to the CIA or the source cited on each page.