Bermuda is a self-governing British overseas territory in the Atlantic Ocean north of the Caribbean, off the coast of North America east of North Carolina. It is the oldest and most populous remaining British overseas territory, settled by England a century before the Acts of Union created the United Kingdom of Great Britain. Bermuda's first capital, St. George's, was settled in 1612 and is the oldest continuously inhabited English town in the Americas. Although commonly referred to in the singular, the territory consists of approximately 138 islands, with a total area of 53.3 square kilometres (20.6 sq mi). Bermuda has a highly affluent economy, with finance as its largest sector followed by tourism, giving it the world's highest GDP per capita in 2005. It has a subtropical climate, beaches with pink sand, and is surrounded by cerulean blue ocean waters.
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