Goods exports (BoP, current US$), annual growth rate in Bermuda
Bermuda: Goods exports (BoP, current US$), annual growth rate was -35.8 % change on previous year in 2023. ◆ Volatile
Goods exports (BoP, current US$), annual growth rate in Bermuda, 2007–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, goods exports (bop, current us$), annual growth rate in Bermuda stood at -35.8 % change on previous year.
The figure is down 136.3% on the previous year and down 357.8% over ten years.
Over the whole period, goods exports (bop, current us$), annual growth rate in Bermuda peaked at 98.61 % change on previous year in 2022 and was at its lowest, -48.78 % change on previous year, in 2010.
Bermuda ranks 195th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods exports (BoP, current US$), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | -0.5281 % change on previous year | — |
| 2008 | -7.08 % change on previous year | +1240.1% |
| 2009 | 21.87 % change on previous year | -409.0% |
| 2010 | -48.78 % change on previous year | -323.0% |
| 2011 | -13.99 % change on previous year | -71.3% |
| 2012 | -11.8 % change on previous year | -15.6% |
| 2013 | 13.89 % change on previous year | -217.7% |
| 2014 | 66.68 % change on previous year | +380.2% |
| 2015 | 1.38 % change on previous year | -97.9% |
| 2016 | -11.55 % change on previous year | -935.1% |
| 2017 | -1.33 % change on previous year | -88.5% |
| 2018 | -10.95 % change on previous year | +725.7% |
| 2019 | 8.12 % change on previous year | -174.2% |
| 2020 | -40.27 % change on previous year | -595.7% |
| 2021 | -14.97 % change on previous year | -62.8% |
| 2022 | 98.61 % change on previous year | -758.8% |
| 2023 | -35.8 % change on previous year | -136.3% |
Bermuda compared with similar countries
- Bermuda's -35.8 % change on previous year is below the median for high income countries, which is 4.74 % change on previous year. (71 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.76 % change on previous year | -7.08 % change on previous year | 21.87 % change on previous year | 3 |
| 2010s | -0.8326 % change on previous year | -48.78 % change on previous year | 66.68 % change on previous year | 10 |
| 2020s | 1.89 % change on previous year | -40.27 % change on previous year | 98.61 % change on previous year | 4 |
Countries ranked near Bermuda
- 192 Barbados -27.82 % change on previous year compare
- 193 Armenia -35.49 % change on previous year compare
- 194 East Timor -35.53 % change on previous year compare
- 196 Gabon -38.33 % change on previous year compare
- 197 Comoros -42.22 % change on previous year compare
- 198 Samoa -42.6 % 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 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 goods exports (bop, current us$), annual growth rate in Bermuda?
- Goods exports (bop, current us$), annual growth rate in Bermuda was -35.8 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest goods exports (bop, current us$), annual growth rate recorded in Bermuda?
- The highest recorded value was 98.61 % change on previous year in 2022.
- What is the lowest goods exports (bop, current us$), annual growth rate recorded in Bermuda?
- The lowest recorded value was -48.78 % change on previous year in 2010.
- How does Bermuda rank for goods exports (bop, current us$), annual growth rate?
- Bermuda ranks 195th out of 199 countries with data for 2023.
- Is goods exports (bop, current us$), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is down 357.8%. 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 Goods exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Goods exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Goods exports 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 Goods exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.