Exports of goods and services in Bermuda
Bermuda: Exports of goods and services was 1.60 billion BoP, current US$ in 2023. ▼ Falling
Exports of goods and services in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bermuda recorded 1.60 billion BoP, current US$ for exports of goods and services in 2023.
Compared with earlier readings it is up 12.2% on the previous year and up 14.9% over ten years.
Over the whole period, exports of goods and services in Bermuda peaked at 1.63 billion BoP, current US$ in 2007 and was at its lowest, 1.03 billion BoP, current US$, in 2020.
That places Bermuda 160th out of 199 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Exports of goods and services in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | 1.62 billion BoP, current US$ | — |
| 2007 | 1.63 billion BoP, current US$ | +0.8% |
| 2008 | 1.49 billion BoP, current US$ | -8.8% |
| 2009 | 1.36 billion BoP, current US$ | -8.9% |
| 2010 | 1.42 billion BoP, current US$ | +4.5% |
| 2011 | 1.47 billion BoP, current US$ | +3.8% |
| 2012 | 1.40 billion BoP, current US$ | -4.8% |
| 2013 | 1.39 billion BoP, current US$ | -0.6% |
| 2014 | 1.35 billion BoP, current US$ | -2.8% |
| 2015 | 1.26 billion BoP, current US$ | -6.8% |
| 2016 | 1.31 billion BoP, current US$ | +4.3% |
| 2017 | 1.40 billion BoP, current US$ | +6.2% |
| 2018 | 1.59 billion BoP, current US$ | +13.6% |
| 2019 | 1.61 billion BoP, current US$ | +1.2% |
| 2020 | 1.03 billion BoP, current US$ | -36.0% |
| 2021 | 1.14 billion BoP, current US$ | +10.5% |
| 2022 | 1.43 billion BoP, current US$ | +25.5% |
| 2023 | 1.60 billion BoP, current US$ | +12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.52 billion BoP, current US$ | 1.36 billion BoP, current US$ | 1.63 billion BoP, current US$ | 4 |
| 2010s | 1.42 billion BoP, current US$ | 1.26 billion BoP, current US$ | 1.61 billion BoP, current US$ | 10 |
| 2020s | 1.30 billion BoP, current US$ | 1.03 billion BoP, current US$ | 1.60 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 157 Niger 1.76 billion BoP, current US$ compare
- 158 Togo 1.72 billion BoP, current US$ compare
- 159 Belize 1.66 billion BoP, current US$ compare
- 161 Sierra Leone 1.60 billion BoP, current US$ compare
- 162 Saint Lucia 1.55 billion BoP, current US$ compare
- 163 Malawi 1.53 billion BoP, current US$ compare
More economy & growth data for Bermuda
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8191 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 116,514 constant 2015 US$ per person (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant LCU), per capita 109,864 constant LCU 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$), annual growth rate 10.52 % change on previous year (2024)
- GDP (current LCU), per capita 142,250 current LCU per person (2024)
Frequently asked questions
- What is exports of goods and services in Bermuda?
- Exports of goods and services in Bermuda was 1.60 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Bermuda?
- The highest recorded value was 1.63 billion BoP, current US$ in 2007.
- What is the lowest exports of goods and services recorded in Bermuda?
- The lowest recorded value was 1.03 billion BoP, current US$ in 2020.
- How does Bermuda rank for exports of goods and services?
- Bermuda ranks 160th out of 199 countries with data for 2023.
- Is exports of goods and services rising or falling in Bermuda?
- Over the last ten years it is up 14.9%. 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 Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.