Bermuda is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Bermuda is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Bermuda exports around $0.01 billion and imports roughly $0.93 billion. 7% of population in the country are unemployed. The total number of unemployed people in Bermuda is 4,275. In Bermuda, 11% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Bermuda is low, indicating that it has a stable economy. Investors should consider Bermuda to be a safe location for investments and other financial ventures. The Gini Index of the country is 63. Bermuda is experiencing bad inequality. The gap between the richest and poorest citizens in this country is plainly obvious and highly significant, resulting in a dramatically different standard of living for rich and poor citizens.

Currency
The currency of Bermuda is Bermudian dollar. The plural form of the word Bermudian dollar is dollars. The symbol used for this currency is $, and it is abbreviated as BMD. The Bermudian dollar is divided into Cent; there are 100 in one dollar.

Credit rating
According to the S&P credit-rating agency, Bermuda has a credit rating score of AA-, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Bermuda has a credit rating score of AA+, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Bermuda has a credit rating score of Aa2, and the prospects of this rating are stable.

Central bank
In Bermuda, the institution that manages the state's currency, money supply, and interest rates is called Bermuda Monetary Authority. The average deposit interest rate offered by local banks in Bermuda is 1.5%.

Public debt
Bermuda has a government debt of 47.7% of the country's Gross Domestic Product (GDP), as assessed in 2013.

Tax information
The corporate tax in Bermuda is set at 0%. Personal income tax ranges from 4.75% to 100%, depending on your specific situation and income level. VAT in Bermuda is 0%.