Charges for the use of intellectual property, payments (BoP, current) in Bermuda
Bermuda: Charges for the use of intellectual property, payments (BoP, current) was 0.0003 BoP, current US$ per US$ of GDP 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 US$ of GDP.
Analysis
Bermuda recorded 0.0003 BoP, current US$ per US$ of GDP for charges for the use of intellectual property, payments (bop, current) in 2023. That is the lowest value across all 18 years on record.
The figure is down 19.0% on the previous year and down 84.0% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Bermuda peaked at 0.0018 BoP, current US$ per US$ of GDP in 2014 and was at its lowest, 0.0003 BoP, current US$ per US$ of GDP, in 2023.
That places Bermuda 141st out of 170 countries with data for 2023, putting it 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$ per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.0008 BoP, current US$ per US$ of GDP | — |
| 2007 | 0.0007 BoP, current US$ per US$ of GDP | -10.9% |
| 2008 | 0.0009 BoP, current US$ per US$ of GDP | +33.4% |
| 2009 | 0.0014 BoP, current US$ per US$ of GDP | +54.4% |
| 2010 | 0.0013 BoP, current US$ per US$ of GDP | -5.3% |
| 2011 | 0.0016 BoP, current US$ per US$ of GDP | +18.3% |
| 2012 | 0.0016 BoP, current US$ per US$ of GDP | +2.7% |
| 2013 | 0.0017 BoP, current US$ per US$ of GDP | +4.9% |
| 2014 | 0.0018 BoP, current US$ per US$ of GDP | +8.5% |
| 2015 | 0.0013 BoP, current US$ per US$ of GDP | -29.6% |
| 2016 | 0.0012 BoP, current US$ per US$ of GDP | -5.0% |
| 2017 | 0.0011 BoP, current US$ per US$ of GDP | -7.6% |
| 2018 | 0.001 BoP, current US$ per US$ of GDP | -14.6% |
| 2019 | 0.0006 BoP, current US$ per US$ of GDP | -39.2% |
| 2020 | 0.0005 BoP, current US$ per US$ of GDP | -20.5% |
| 2021 | 0.0004 BoP, current US$ per US$ of GDP | -11.0% |
| 2022 | 0.0003 BoP, current US$ per US$ of GDP | -20.0% |
| 2023 | 0.0003 BoP, current US$ per US$ of GDP | -19.0% |
Bermuda compared with similar countries
- Bermuda's 0.0003 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.0045 BoP, current US$ per US$ of GDP, 6% of the median. (65 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0009 BoP, current US$ per US$ of GDP | 0.0007 BoP, current US$ per US$ of GDP | 0.0014 BoP, current US$ per US$ of GDP | 4 |
| 2010s | 0.0013 BoP, current US$ per US$ of GDP | 0.0006 BoP, current US$ per US$ of GDP | 0.0018 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.0004 BoP, current US$ per US$ of GDP | 0.0003 BoP, current US$ per US$ of GDP | 0.0005 BoP, current US$ per US$ of GDP | 4 |
Countries ranked near Bermuda
- 138 Democratic Republic of Congo 0.0003 BoP, current US$ per US$ of GDP compare
- 139 Fiji 0.0003 BoP, current US$ per US$ of GDP compare
- 140 Panama 0.0003 BoP, current US$ per US$ of GDP compare
- 142 Vanuatu 0.0003 BoP, current US$ per US$ of GDP compare
- 143 Uganda 0.0003 BoP, current US$ per US$ of GDP compare
- 144 Paraguay 0.0002 BoP, current US$ per US$ of GDP 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 0.0003 BoP, current US$ per US$ of GDP 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 0.0018 BoP, current US$ per US$ of GDP in 2014.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Bermuda?
- The lowest recorded value was 0.0003 BoP, current US$ per US$ of GDP in 2023.
- How does Bermuda rank for charges for the use of intellectual property, payments (bop, current)?
- Bermuda ranks 141st out of 170 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 84.0%. 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ GDP (current US$)
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.