Current account balance (BoP, current US$), annual growth rate in Bermuda
Bermuda: Current account balance (BoP, current US$), annual growth rate was 16.35 % change on previous year in 2023. ◆ Volatile
Current account balance (BoP, current US$), annual growth rate in Bermuda, 2007–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for current account balance (bop, current us$), annual growth rate in Bermuda is 16.35 % change on previous year, measured in 2023.
The figure is down 8.8% on the previous year and up 275.5% over ten years.
Over the whole period, current account balance (bop, current us$), annual growth rate in Bermuda peaked at 24.66 % change on previous year in 2011 and was at its lowest, -35.88 % change on previous year, in 2009.
Bermuda ranks 76th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | -2.9 % change on previous year | — |
| 2008 | -25.44 % change on previous year | +777.1% |
| 2009 | -35.88 % change on previous year | +41.1% |
| 2010 | 19.71 % change on previous year | -154.9% |
| 2011 | 24.66 % change on previous year | +25.1% |
| 2012 | 6.85 % change on previous year | -72.2% |
| 2013 | -9.31 % change on previous year | -236.1% |
| 2014 | -2.74 % change on previous year | -70.5% |
| 2015 | 15.33 % change on previous year | -658.5% |
| 2016 | -10.28 % change on previous year | -167.1% |
| 2017 | 11.14 % change on previous year | -208.4% |
| 2018 | -5.45 % change on previous year | -148.9% |
| 2019 | -5.65 % change on previous year | +3.7% |
| 2020 | 1.81 % change on previous year | -132.0% |
| 2021 | 12.7 % change on previous year | +602.9% |
| 2022 | 17.93 % change on previous year | +41.2% |
| 2023 | 16.35 % change on previous year | -8.8% |
Bermuda compared with similar countries
- Bermuda's 16.35 % change on previous year is above the median for high income countries, which is 1.97 % change on previous year, 8.3× the median. (71 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -21.41 % change on previous year | -35.88 % change on previous year | -2.9 % change on previous year | 3 |
| 2010s | 4.42 % change on previous year | -10.28 % change on previous year | 24.66 % change on previous year | 10 |
| 2020s | 12.19 % change on previous year | 1.81 % change on previous year | 17.93 % change on previous year | 4 |
Countries ranked near Bermuda
- 73 Afghanistan 17.28 % change on previous year compare
- 74 Vietnam 16.99 % change on previous year compare
- 75 Gambia 16.88 % change on previous year compare
- 77 Denmark 16.21 % change on previous year compare
- 78 Cyprus 15.51 % change on previous year compare
- 79 Malaysia 14.27 % change on previous year compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU 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$), per 0.1072 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is current account balance (bop, current us$), annual growth rate in Bermuda?
- Current account balance (bop, current us$), annual growth rate in Bermuda was 16.35 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest current account balance (bop, current us$), annual growth rate recorded in Bermuda?
- The highest recorded value was 24.66 % change on previous year in 2011.
- What is the lowest current account balance (bop, current us$), annual growth rate recorded in Bermuda?
- The lowest recorded value was -35.88 % change on previous year in 2009.
- How does Bermuda rank for current account balance (bop, current us$), annual growth rate?
- Bermuda ranks 76th out of 198 countries with data for 2023.
- Is current account balance (bop, current us$), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 275.5%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Current account balance (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Current account balance Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.