ICT service exports in Bermuda
Bermuda: ICT service exports was 2.5% in 2023. ▼ Falling
ICT service exports in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Bermuda recorded 2.5% for ict service exports in 2023. That is the lowest value across all 18 years on record.
That represents a change of down 19.4% on the previous year and down 56.7% over ten years.
Over the whole period, ict service exports in Bermuda peaked at 7.4% in 2009 and was at its lowest, 2.5%, in 2023.
That places Bermuda 132nd out of 189 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
ICT service exports in Bermuda, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2006 | 7.4% | — |
| 2007 | 6.8% | -8.3% |
| 2008 | 6.9% | +2.0% |
| 2009 | 7.4% | +7.5% |
| 2010 | 5.9% | -20.7% |
| 2011 | 5.4% | -8.9% |
| 2012 | 6.1% | +13.6% |
| 2013 | 5.9% | -3.9% |
| 2014 | 4.9% | -16.9% |
| 2015 | 5.7% | +17.6% |
| 2016 | 5.3% | -7.0% |
| 2017 | 4.8% | -8.8% |
| 2018 | 5.0% | +2.4% |
| 2019 | 5.0% | +0.4% |
| 2020 | 6.4% | +28.8% |
| 2021 | 2.8% | -56.8% |
| 2022 | 3.1% | +13.4% |
| 2023 | 2.5% | -19.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | 6.8% | 7.4% | 4 |
| 2010s | 5.4% | 4.8% | 6.1% | 10 |
| 2020s | 3.7% | 2.5% | 6.4% | 4 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- 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)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (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), per 0.1072 current LCU per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
Frequently asked questions
- What is ict service exports in Bermuda?
- Ict service exports in Bermuda was 2.5% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Bermuda?
- The highest recorded value was 7.4% in 2009.
- What is the lowest ict service exports recorded in Bermuda?
- The lowest recorded value was 2.5% in 2023.
- How does Bermuda rank for ict service exports?
- Bermuda ranks 132nd out of 189 countries with data for 2023.
- Is ict service exports rising or falling in Bermuda?
- Over the last ten years it is down 56.7%. 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 ICT service exports (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions).