Located off the east coast of the United States, it is situated around 1770 kilometres (1,100 mi) northeast of Miami, Florida, and 1350 kilometres (840 mi) south of Halifax, Nova Scotia, Canada. The nearest landmass is Cape Hatteras, North Carolina, about 1030 kilometres (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 first capital, St. George's, was settled in 1612 and is the oldest continuously inhabited English town in the Americas.
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.