Bermuda Economy

The Bermudian economy with a population of 64 thousand (Est 2010 census) has a GDP PPP of 4.5 billion (2004 - CIA and GDP PPP per capita of approx 53,565 vs 46,569 (United States) according to the University of Pennsylvania in 2010. Its currency is the Bermuda dollar denoted as BMD. Its banks offer fixed interest deposit products called 'Term Deposits' as well as variable interest savings accounts. According to CIA.gov website its inflation estimates were 2.7% in 2011 and 2.7% in 2012.