Current account balance as a proportion of GDP (%) in Bermuda
Bermuda: Current account balance as a proportion of GDP (%) was 15.4% in 2023. ▼ Falling
Current account balance as a proportion of GDP in Bermuda, 2006–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Bermuda is 15.4%, measured in 2023.
Compared with earlier readings it is up 6.8% on the previous year and up 18.4% over ten years.
Over the whole period, current account balance as a proportion of gdp in Bermuda peaked at 20.4% in 2006 and was at its lowest, 8.7%, in 2009.
Bermuda ranks 8th of 205 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 18 years of available data.
Current account balance as a proportion of GDP (%) in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 20.4% | — |
| 2007 | 18.0% | -11.8% |
| 2008 | 13.0% | -27.7% |
| 2009 | 8.7% | -32.8% |
| 2010 | 10.5% | +20.1% |
| 2011 | 13.7% | +31.0% |
| 2012 | 14.5% | +5.7% |
| 2013 | 13.0% | -10.5% |
| 2014 | 12.7% | -2.0% |
| 2015 | 14.2% | +11.2% |
| 2016 | 12.3% | -13.5% |
| 2017 | 13.2% | +7.4% |
| 2018 | 12.3% | -6.5% |
| 2019 | 11.3% | -8.2% |
| 2020 | 12.4% | +9.7% |
| 2021 | 13.2% | +6.5% |
| 2022 | 14.4% | +9.2% |
| 2023 | 15.4% | +6.8% |
Bermuda compared with similar countries
- Bermuda's 15.4% is above the median for high income countries, which is 1.6%, 9.7× the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.0% | 8.7% | 20.4% | 4 |
| 2010s | 12.8% | 10.5% | 14.5% | 10 |
| 2020s | 13.8% | 12.4% | 15.4% | 4 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- General government final consumption expenditure (current US$), per 0.1072 current US$ 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 unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Bermuda?
- Current account balance as a proportion of gdp in Bermuda was 15.4% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Bermuda?
- The highest recorded value was 20.4% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Bermuda?
- The lowest recorded value was 8.7% in 2009.
- How does Bermuda rank for current account balance as a proportion of gdp?
- Bermuda ranks 8th out of 205 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Bermuda?
- Over the last ten years it is up 18.4%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under UN SDG Global Database (open, attribution requested).