Evaluating the market in Bermuda

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Business environment in Bermuda

Bermuda is a British Overseas Territory with a very high per capita income. Bermuda benefits from a stable, pro-business democracy, strong offshore financial services sector and well-established regulatory institutions. Hampered by a small economy that lacks diversification, along with a relatively high-cost tourism sector that is facing competition from other Caribbean destinations, Bermuda has had continuous weak economic growth for an extended period and growth prospects remain weak. Though economic growth prospects remain weak, American economic performance may help boost growth within the tourism sector.

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Karicia Quiroz

Senior Trade Advisor, EDC

Karicia Quiroz  Senior Trade Advisor, EDC