Charges for the use of intellectual property, payments in Bermuda
Bermuda: Charges for the use of intellectual property, payments was 2.32 million BoP, current US$ in 2023. ▼ Falling
Charges for the use of intellectual property, payments in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bermuda recorded 2.32 million BoP, current US$ for charges for the use of intellectual property, payments 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 in Bermuda peaked at 11.76 million BoP, current US$ in 2014 and was at its lowest, 2.32 million BoP, current US$, in 2023.
Bermuda ranks 146th of 170 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Charges for the use of intellectual property, payments in Bermuda, year by year
| Year | BoP, current US$ | 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% |
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
- 143 Lesotho 2.40 million BoP, current US$ compare
- 144 Comoros 2.36 million BoP, current US$ compare
- 145 Mauritania 2.33 million BoP, current US$ compare
- 147 Togo 2.31 million BoP, current US$ compare
- 148 Solomon Islands 2.16 million BoP, current US$ compare
- 149 Mali 2.02 million BoP, current US$ compare
More economy & growth data for Bermuda
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7413 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), annual 4.66 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7902 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 112,409 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 6,143 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant 2015 US$) 4.66 % change on previous year (2024)
Frequently asked questions
- What is charges for the use of intellectual property, payments in Bermuda?
- Charges for the use of intellectual property, payments in Bermuda was 2.32 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest charges for the use of intellectual property, payments 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 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?
- Bermuda ranks 146th out of 170 countries with data for 2023.
- Is charges for the use of intellectual property, payments 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Charges for the use of intellectual property, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Charges for the use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, franchises), and charges for licenses to reproduce or distribute (or both) intellectual property embodied in produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.