Country explorer: Bermuda
EXPERIMENTAL
2024
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Overview
Bermuda is a subtropical, high-income island nation in North America with a tiny population. Its economy has been volatile in recent decades, and is based on tourism, insurance and offshore business.
Bermuda boasts stunning pink sand beaches.
Economy
Bermuda has experienced high and relatively stable GDP per capita levels, distinguishing it as one of the wealthier small island economies compared to its Caribbean peers and aligning it closely with high-income territories and nations globally.
Demographics
Bermuda has experienced a modest population growth, a significant decline in fertility rates, positive net migration shifts, and an increase in life expectancy, indicative of demographic trends common to high-income countries, although its population size remains distinctively smaller.
Basic needs
Bermuda has consistently maintained 100% access to electricity for its population, reflecting a standard of living that aligns with high-income countries and sets it apart from many peers by ensuring widespread access to this basic need.
Human development
Bermuda has maintained a remarkably high literacy rate, positioning it favorably among high-income countries and indicating a stable and strong educational foundation comparable to its peers.
Environment & energy
Bermuda has maintained a consistent forest area of 1 km² over the past two decades, reflecting a stable environmental preservation effort, distinct from the fluctuating forest areas observed in similar island nations and high-income countries.
Technology & innovation
Bermuda has exhibited a significant transformation in technology and innovation, with a near-universal internet adoption among its population, a fluctuating yet prevalent use of mobile subscriptions, and modest yet growing investment in research and development, showcasing its commitment to evolving as a tech-savvy nation while paralleling trends observed in high-income countries.
Culture & society
Bermuda has experienced an increasing share of its population born abroad and a rising age dependency ratio, reflecting a society that is becoming more diverse and facing demographic pressures similar to those in other high-income countries.
Governance
In the absence of available governance-related data for Bermuda over the past two decades, determining the precise societal transformations or drawing comparisons with its peers remains challenging.