Annual growth of exports of goods and services in Bermuda
Bermuda: Annual growth of exports of goods and services was 11.0% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Bermuda, 2015–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth of exports of goods and services in Bermuda stood at 11.0%. That is the highest value across all 10 years on record.
The figure is up 72.9% on the previous year and up 152.3% over ten years.
Over the whole period, annual growth of exports of goods and services in Bermuda peaked at 11.0% in 2024 and was at its lowest, -10.2%, in 2017.
That places Bermuda 40th out of 186 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2015 | 4.3% | — |
| 2016 | 7.3% | +68.6% |
| 2017 | -10.2% | -239.6% |
| 2018 | 5.9% | -157.2% |
| 2019 | -3.3% | -156.0% |
| 2020 | -9.9% | +200.9% |
| 2021 | 4.2% | -142.8% |
| 2022 | 9.8% | +132.4% |
| 2023 | 6.3% | -35.4% |
| 2024 | 11.0% | +72.9% |
Bermuda compared with similar countries
- Bermuda's 11.0% is above the median for high income countries, which is 2.1%, 5.3× the median. (59 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.8% | -10.2% | 7.3% | 5 |
| 2020s | 4.3% | -9.9% | 11.0% | 5 |
Countries ranked near Bermuda
- 37 El Salvador 12.1% compare
- 38 Mauritania 12.0% compare
- 39 Nepal 11.8% compare
- 41 Lao People's Democratic Republic 10.5%
- 41 Lao People's Democratic Republic 10.5%
- 43 Ukraine 10.3% compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is annual growth of exports of goods and services in Bermuda?
- Annual growth of exports of goods and services in Bermuda was 11.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of exports of goods and services recorded in Bermuda?
- The highest recorded value was 11.0% in 2024.
- What is the lowest annual growth of exports of goods and services recorded in Bermuda?
- The lowest recorded value was -10.2% in 2017.
- How does Bermuda rank for annual growth of exports of goods and services?
- Bermuda ranks 40th out of 186 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Bermuda?
- Over the last ten years it is up 152.3%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of exports of goods and services (%). Statizoid updates them automatically from the source API.
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