Charges for the use of intellectual property, payments (BoP, current) in Bermuda
Bermuda: Charges for the use of intellectual property, payments (BoP, current) was 42,972 BoP, current US$ per square kilometre 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$ per square kilometre.
Analysis
The most recent figure for charges for the use of intellectual property, payments (bop, current) in Bermuda is 42,972 BoP, current US$ per square kilometre, measured in 2023. That is the lowest value across all 18 years on record.
That represents a change of 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 217,850 BoP, current US$ per square kilometre in 2014 and was at its lowest, 42,972 BoP, current US$ per square kilometre, in 2023.
That places Bermuda 21st out of 168 countries with data for 2023, putting it in the top 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$ per square kilometre | Change |
|---|---|---|
| 2006 | 86,852 BoP, current US$ per square kilometre | — |
| 2007 | 85,189 BoP, current US$ per square kilometre | -1.9% |
| 2008 | 117,192 BoP, current US$ per square kilometre | +37.6% |
| 2009 | 172,550 BoP, current US$ per square kilometre | +47.2% |
| 2010 | 162,900 BoP, current US$ per square kilometre | -5.6% |
| 2011 | 183,339 BoP, current US$ per square kilometre | +12.5% |
| 2012 | 190,326 BoP, current US$ per square kilometre | +3.8% |
| 2013 | 202,444 BoP, current US$ per square kilometre | +6.4% |
| 2014 | 217,850 BoP, current US$ per square kilometre | +7.6% |
| 2015 | 159,154 BoP, current US$ per square kilometre | -26.9% |
| 2016 | 156,694 BoP, current US$ per square kilometre | -1.5% |
| 2017 | 149,831 BoP, current US$ per square kilometre | -4.4% |
| 2018 | 129,447 BoP, current US$ per square kilometre | -13.6% |
| 2019 | 80,863 BoP, current US$ per square kilometre | -37.5% |
| 2020 | 59,619 BoP, current US$ per square kilometre | -26.3% |
| 2021 | 56,190 BoP, current US$ per square kilometre | -5.8% |
| 2022 | 47,898 BoP, current US$ per square kilometre | -14.8% |
| 2023 | 42,972 BoP, current US$ per square kilometre | -10.3% |
Bermuda compared with similar countries
- Bermuda's 42,972 BoP, current US$ per square kilometre is above the median for high income countries, which is 14,713 BoP, current US$ per square kilometre, 2.9× the median. (65 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 115,446 BoP, current US$ per square kilometre | 85,189 BoP, current US$ per square kilometre | 172,550 BoP, current US$ per square kilometre | 4 |
| 2010s | 163,285 BoP, current US$ per square kilometre | 80,863 BoP, current US$ per square kilometre | 217,850 BoP, current US$ per square kilometre | 10 |
| 2020s | 51,670 BoP, current US$ per square kilometre | 42,972 BoP, current US$ per square kilometre | 59,619 BoP, current US$ per square kilometre | 4 |
Countries ranked near Bermuda
- 18 Germany 70,521 BoP, current US$ per square kilometre compare
- 19 Curacao 58,692 BoP, current US$ per square kilometre compare
- 20 Denmark 58,525 BoP, current US$ per square kilometre compare
- 22 Sweden 36,503 BoP, current US$ per square kilometre compare
- 23 Aruba 35,487 BoP, current US$ per square kilometre compare
- 24 Grenada 34,824 BoP, current US$ per square kilometre compare
More economy & growth data for Bermuda
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ 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$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (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 US$) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 15,245 current LCU per person (2024)
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ 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 42,972 BoP, current US$ per square kilometre 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 217,850 BoP, current US$ per square kilometre in 2014.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Bermuda?
- The lowest recorded value was 42,972 BoP, current US$ per square kilometre in 2023.
- How does Bermuda rank for charges for the use of intellectual property, payments (bop, current)?
- Bermuda ranks 21st out of 168 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ Land area (sq. km)
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.