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Bermuda: Country and Foreign Investment

Population, Language and Culture

Since 1950 the resident civilian population has steadily increased (see table) to 68,680 people in July 2010 of mostly English, Portuguese and West Indian descent.

1950
37,403
1960
42,640
1970
52,330
1980
54,050
1991
58,640
2001
64,000
2003
64,500
2005
65,365
2006
65,773
2007
66,163
2009
67,800
2010
68,680
2012
69,080

Bermuda Standard Time is 1 hour ahead of US Eastern Time, and 4 hours behind GMT. There is daylight saving time from April to October.

English is the official language; Portuguese is also spoken but to a lesser degree. The Bermudas were once referred to as the Isle of Devils because of the many ships wrecked there. William Shakespeare based his play "the Tempest" on the wreck of the British flagship, "Sea Venture" which set sail in 1609 carrying supplies to the Virginia Colony. The ship was wrecked near the shores of Bermuda during a storm and the survivors discovered the island, its lush fruits and wildlife.

The islands were colonised by the British in 1612 as the "Key to the West Indies". Three years later the founders of the Bermuda Company assumed the island's administration and divided it up into parishes named after the company's principal investors. Bermuda is the oldest British colony and has the oldest Parliament in the Western Hemisphere.

In 1670 the rule of the Bermuda company ended and the King of England took direct control. Bermuda has since developed as a tropical haven for tourists with beautiful beaches, gardens, golf courses and quaint harbours. Nightlife centres around the larger towns of Hamilton and St George. Bermudians like to boast that there is no illiteracy, no unemployment and no income tax.

 

 

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