Bermuda’s economy is a high-income, service-based system driven by reinsurance, financial services, and high-end tourism. Government policies focus on maintaining its status as a global financial hub while balancing environmental sustainability. Regulatory frameworks are strong, adhering to international financial standards. Society enjoys one of the world’s highest GDPs per capita, though economic inequality is notable. Education is excellent, producing a highly skilled workforce for finance and tourism. Climate change, particularly hurricanes and rising sea levels, threatens infrastructure. Healthcare services are advanced, but costs are high due to reliance on private providers.
