Current account balance as a proportion of gdp in Bermuda
Bermuda: Current account balance as a proportion of gdp was 13.21 in 2021. ▼ Falling
Latest (2021)
13.21
Change on year
up 6.5%
World rank
13th
of 191 countries
All-time high
20.38
in 2006
All-time low
8.73
in 2009
Years of data
16
2006–2021
Current account balance as a proportion of gdp in Bermuda, 2006–2021
Source: Our World in Data.
Analysis
Bermuda recorded 13.21 for current account balance as a proportion of gdp in 2021.
The figure is up 6.5% on the previous year and down 3.9% over ten years.
Over the whole period, current account balance as a proportion of gdp in Bermuda peaked at 20.38 in 2006 and was at its lowest, 8.73, in 2009.
That places Bermuda 13th out of 191 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently falling across the 16 years of available data.
Current account balance as a proportion of gdp in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 20.38 | — |
| 2007 | 17.97 | -11.8% |
| 2008 | 12.99 | -27.7% |
| 2009 | 8.73 | -32.8% |
| 2010 | 10.49 | +20.2% |
| 2011 | 13.74 | +31.0% |
| 2012 | 14.53 | +5.7% |
| 2013 | 13 | -10.5% |
| 2014 | 12.75 | -1.9% |
| 2015 | 14.17 | +11.1% |
| 2016 | 12.26 | -13.5% |
| 2017 | 13.16 | +7.3% |
| 2018 | 12.3 | -6.5% |
| 2019 | 11.3 | -8.1% |
| 2020 | 12.4 | +9.7% |
| 2021 | 13.21 | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.02 | 8.73 | 20.38 | 4 |
| 2010s | 12.77 | 10.49 | 14.53 | 10 |
| 2020s | 12.8 | 12.4 | 13.21 | 2 |
Countries ranked near Bermuda
- 10 Turks and Caicos Islands 15.3 compare
- 11 Papua New Guinea 13.61 compare
- 11 South Sudan 13.61 compare
- 14 Brunei Darussalam 12.85 compare
- 15 Trinidad and Tobago 12.41 compare
- 16 Congo 11.57 compare
More economy & growth data for Bermuda
- Gross domestic savings (current LCU), per capita 63,986 current LCU per person (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.4498 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), annual growth rate 10.52 % change on previous year (2024)
- Gross domestic savings (current US$), per capita 63,986 current US$ per person (2024)
- Gross domestic savings (current US$), per unit of GDP 0.4498 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), annual growth rate 10.52 % change on previous year (2024)
- Exports of goods and services 55.1% (2024)
- Services, value added 8.40 billion current US$ (2024)
- Gross national expenditure 66.1% (2024)
- Exports of goods and services 5.07 billion current US$ (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 13.21 in 2021, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Bermuda?
- The highest recorded value was 20.38 in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Bermuda?
- The lowest recorded value was 8.73 in 2009.
- How does Bermuda rank for current account balance as a proportion of gdp?
- Bermuda ranks 13th out of 191 countries with data for 2021.
- Is current account balance as a proportion of gdp rising or falling in Bermuda?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Our World in Data, 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 — 16 observations, free to reuse under CC BY 4.0 (Our World in Data).