You can find the island territory of Bermuda nestled east of the US state of North Carolina, in the North Atlantic Ocean. This British territory (more formally known as the Bermudas or Somers Isles) is the oldest continuously inhabited British town in the Americas, and has a history spanning back to its discovery by Spanish navigator Juan de Bermudez in 1505. It consists of 181 islands, although the Main Island sometimes calls itself Bermuda.
Because of its classification as a territory instead of country, it's hard to verify claims that Bermuda's booming economy (largely generated from tourism and off-shore finance) may have the world's highest Gross Domestic Product per capita.
As a British overseas territory, the Queen appoints a Governor with input from the British Government who exercises selected authority over the territories. Issues such as defense and foreign affairs are handled by the United Kingdom, and any proposed change to Bermuda's constitution must also be authorized through them.