Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, it is situated around 1770 kilometers (1,100 mi) northeast of Miami, Florida, and 1350 kilometers (840 mi) south of Halifax, Nova Scotia, Canada.
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The nearest landmass is Cape Hatteras, North Carolina, about 1030 kilometers (640 mi) west-northwest. 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 economy is based on offshore insurance and reinsurance, and tourism with tourism being driven by the attractiveness of the island and the fact that it is closely linked to the UK and is just offshore of the United States of America making travel to Bermuda relatively easy. Over 500,000 people visit Bermuda every year, of whom more than 80% are from the United States with the remainder significantly made up of Canadians and the British. Tourists can arrive at Bermuda by cruise ship or by air transport via the L.F. Wade International Airport, the only airport on the island of Bermuda.
Bermuda is the northernmost point of the so-called Bermuda Triangle, a region of sea in which, according to legend, a number of aircraft and surface vessels have disappeared under supposedly unexplained or mysterious circumstances. The island is in the hurricane belt and prone to severe weather.