Bermuda is a British Overseas Territory in the North Atlantic Ocean. It is approximately 1070 km east-southeast of Cape Hatteras, North Carolina; 1236 km south of Cape Sable Island, Nova Scotia; and 1759 km northeast of Cuba. The capital city is Hamilton. Bermuda is self-governing, with its own constitution and its own government, which enacts local laws, while the United Kingdom retains responsibility for defence and foreign relations. As of July 2018, its population is 71,176, the highest of the British overseas territories.
Bermuda's two largest economic sectors are offshore insurance and reinsurance, and tourism. Bermuda had one of the world's highest GDP per capita for most of the 20th century. The islands have a subtropical climate and lies in the hurricane belt and thus is prone to related severe weather; however, it is somewhat protected by a coral reef that surrounds the island and its position at the north of the belt, which limits the direction and severity of approaching storms.