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Background Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue. Population 68,268 (July 2010 est.) Government type 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick Administrative divisions parliamentary; self-governing territory Independence Bermuda Day, 24 May International organization participation red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (a white shield with a red lion standing on a green grassy field holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag; it was the shipwreck of this vessel, filled with English colonists originally bound for Virginia, that led to settling of Bermuda Economy - overview Market value of publicly traded shares international business, tourism, light manufacturing Agriculture - products NA% Industries 675.6 million kWh (2007 est.) Industrial production growth rate 628.3 million kWh (2007 est.) Electricity - production 0 kWh (2008 est.) Internet country code 51,000 (2008) WebCam