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Bermuda Projects

Bermudaenjoys one of the highest per capita incomes in the world, having successfully exploited its location by providing financial services (insurance, investments funds, reinsurance, special purpose vehicles) for international firms and luxury tourist facilities. Tourismandinternational financial servicesaccount for the major share of the GNP and employ virtually all the workforce directly or indirectly. There is a minor industrial sector and agriculture is minimal because of the lack of suitable land for crops. Consequently about 80% of Bermuda's food needs are imported. The countrys main trading partners include the US, Canada, the UK, and the Caribbean countries. The fixed exchange rate, favorable macroeconomic policy mix, and well regarded tax and regulatory regime attracts the international business sector particularly insurance thus ensuring its continuance as the main engine of economic growth inBermuda.