Is Bermuda a rich or poor country?

Bermuda is considered a high-income country by the World Bank, with a gross national income (GNI) per capita of $120,430 in 2021. This places Bermuda in the top 20% of countries worldwide in terms of income. Bermuda's economy is primarily driven by tourism, international business services, and financial services, which account for a large portion of its GDP and provide significant employment opportunities. The island is also known as an offshore financial center and attracts foreign investment due to its favorable tax environment. Its high income and well-developed infrastructure contribute to its classification as a rich country.