Charges for the use of intellectual property, payments (BoP, current) in Bermuda
Bermuda: Charges for the use of intellectual property, payments (BoP, current) was 2.32 million BoP, current US$ in 2023. ▼ Falling
Charges for the use of intellectual property, payments (BoP, current) in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in BoP, current US$.
Analysis
The most recent figure for charges for the use of intellectual property, payments (bop, current) in Bermuda is 2.32 million BoP, current US$, measured in 2023. That is the lowest value across all 18 years on record.
Compared with earlier readings it is down 10.3% on the previous year and down 78.8% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Bermuda peaked at 11.76 million BoP, current US$ in 2014 and was at its lowest, 2.32 million BoP, current US$, in 2023.
Bermuda ranks 147th of 171 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Charges for the use of intellectual property, payments (BoP, current) in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | 4.69 million BoP, current US$ | — |
| 2007 | 4.60 million BoP, current US$ | -1.9% |
| 2008 | 6.33 million BoP, current US$ | +37.6% |
| 2009 | 9.32 million BoP, current US$ | +47.2% |
| 2010 | 8.80 million BoP, current US$ | -5.6% |
| 2011 | 9.90 million BoP, current US$ | +12.5% |
| 2012 | 10.28 million BoP, current US$ | +3.8% |
| 2013 | 10.93 million BoP, current US$ | +6.4% |
| 2014 | 11.76 million BoP, current US$ | +7.6% |
| 2015 | 8.59 million BoP, current US$ | -26.9% |
| 2016 | 8.46 million BoP, current US$ | -1.5% |
| 2017 | 8.09 million BoP, current US$ | -4.4% |
| 2018 | 6.99 million BoP, current US$ | -13.6% |
| 2019 | 4.37 million BoP, current US$ | -37.5% |
| 2020 | 3.22 million BoP, current US$ | -26.3% |
| 2021 | 3.03 million BoP, current US$ | -5.8% |
| 2022 | 2.59 million BoP, current US$ | -14.8% |
| 2023 | 2.32 million BoP, current US$ | -10.3% |
Bermuda compared with similar countries
- Bermuda's 2.32 million BoP, current US$ is below the median for high income countries, which is 1.10 billion BoP, current US$, 0% of the median. (65 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.23 million BoP, current US$ | 4.60 million BoP, current US$ | 9.32 million BoP, current US$ | 4 |
| 2010s | 8.82 million BoP, current US$ | 4.37 million BoP, current US$ | 11.76 million BoP, current US$ | 10 |
| 2020s | 2.79 million BoP, current US$ | 2.32 million BoP, current US$ | 3.22 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 144 Lesotho 2.40 million BoP, current US$ compare
- 145 Comoros 2.36 million BoP, current US$ compare
- 146 Mauritania 2.33 million BoP, current US$ compare
- 148 Togo 2.31 million BoP, current US$ compare
- 149 Solomon Islands 2.16 million BoP, current US$ compare
- 150 Mali 2.02 million BoP, current US$ compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ 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 capita 1,823 BoP, current US$ per person (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 charges for the use of intellectual property, payments (bop, current) in Bermuda?
- Charges for the use of intellectual property, payments (bop, current) in Bermuda was 2.32 million BoP, current US$ in 2023, according to Statizoid (derived).
- What is the highest charges for the use of intellectual property, payments (bop, current) recorded in Bermuda?
- The highest recorded value was 11.76 million BoP, current US$ in 2014.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Bermuda?
- The lowest recorded value was 2.32 million BoP, current US$ in 2023.
- How does Bermuda rank for charges for the use of intellectual property, payments (bop, current)?
- Bermuda ranks 147th out of 171 countries with data for 2023.
- Is charges for the use of intellectual property, payments (bop, current) rising or falling in Bermuda?
- Over the last ten years it is down 78.8%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Charges for the use of intellectual property, payments (BoP, current US$), gaps filled. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) with 93 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) with 93 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.