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.
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 177 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 | Value | 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% |
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
- 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 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 177 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.
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