Exports of goods and services in Bermuda
Bermuda: Exports of goods and services was 55.1% in 2024. ▬ Flat
Exports of goods and services in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for exports of goods and services in Bermuda is 55.1%, measured in 2024. That is the highest value across all 15 years on record.
The figure is up 4.5% on the previous year and up 7.8% over ten years.
Over the whole period, exports of goods and services in Bermuda peaked at 55.1% in 2024 and was at its lowest, 47.1%, in 2020.
Bermuda ranks 45th of 193 countries on this measure, in the top quarter.
Exports of goods and services in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 50.8% | — |
| 2011 | 52.5% | +3.4% |
| 2012 | 50.5% | -3.9% |
| 2013 | 51.6% | +2.2% |
| 2014 | 51.2% | -0.9% |
| 2015 | 50.0% | -2.3% |
| 2016 | 49.3% | -1.3% |
| 2017 | 48.5% | -1.6% |
| 2018 | 51.5% | +6.1% |
| 2019 | 51.7% | +0.5% |
| 2020 | 47.1% | -8.9% |
| 2021 | 47.9% | +1.6% |
| 2022 | 51.0% | +6.4% |
| 2023 | 52.8% | +3.5% |
| 2024 | 55.1% | +4.5% |
Bermuda compared with similar countries
- Bermuda's 55.1% is above the median for high income countries, which is 52.0%, 1.1× the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 50.8% | 48.5% | 52.5% | 10 |
| 2020s | 50.8% | 47.1% | 55.1% | 5 |
Countries ranked near Bermuda
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 LCU) 4.44 % change on previous year (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)
Frequently asked questions
- What is exports of goods and services in Bermuda?
- Exports of goods and services in Bermuda was 55.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest exports of goods and services recorded in Bermuda?
- The highest recorded value was 55.1% in 2024.
- What is the lowest exports of goods and services recorded in Bermuda?
- The lowest recorded value was 47.1% in 2020.
- How does Bermuda rank for exports of goods and services?
- Bermuda ranks 45th out of 193 countries with data for 2024.
- Is exports of goods and services rising or falling in Bermuda?
- Over the last ten years it is up 7.8%. The long-run trend across the full record is flat.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Exports of goods and services (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.