Bermuda is a British overseas territory located off the east coast of the United States. It is an archipelago consisting of seven main islands and many smaller islands and islets and is adorned with pink sand beaches and translucent blue waters. Bermuda is located between latitude 32 degrees, 15 minutes and 32 degrees, 23 minutes north and longitude 64 degrees, 38 minutes and 64 degrees, 53 minutes west.
Approximately 150 small islands comprise Bermuda. The seven largest are connected by bridges and causeways. In the absence of outer islands, Bermuda is known as the “Island of Bermuda.” From east to west, Bermuda is about 22 miles (35.4 km) long with a maximum width of almost 2 miles (3.22 km) making it 20.6 square miles. The population is approximately 67,837 with an average annual rate of growth of 0.69 percent and an adult literacy rate of 98 percent. The official language is English. The capital is Hamilton and the exchange rate is USS$1.00 = BMD$1.00.
Bermuda has an affluent economy with a large financial sector and tourism industry, giving it the world’s highest GDP per capita. Financial services now account for 60% of Bermuda’s Gross National Product. Its unique location allows for full access to North American and European markets.
Bermuda is a renowned centre for international business, with particularly strong insurance, investment fund and trust sectors. The captive insurance sector is the world’s largest. Tourism is Bermuda's second largest industry, with the island attracting over one-half million visitors annually - of whom more than 80% are from the United States.
Although self-governing, the United Kingdom remains responsible for Bermuda’s defence, external affairs, internal security and the administration of the police force. These responsibilities are vested in a Governor who resides in Bermuda and who is appointed by the reigning Monarch of the United Kingdom.
With the Gulf Stream flowing in between Bermuda and the United States, Bermuda is not a tropical island, but a semi-tropical one. Summer temperatures run from late May to mid-November. Autumn, winter and spring span mid-November through April. The coldest months are February and March when temperatures average 62 degrees F, although it may drop to the high 40's on isolated days.