Imports of goods and services (BoP, current US$), per unit of GDP in Bermuda
Bermuda: Imports of goods and services (BoP, current US$), per unit of GDP was 0.2673 BoP, current US$ per US$ of GDP in 2023. ▼ Falling
Imports of goods and services (BoP, current US$), per unit of GDP in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
The most recent figure for imports of goods and services (bop, current us$), per unit of gdp in Bermuda is 0.2673 BoP, current US$ per US$ of GDP, measured in 2023.
That represents a change of down 7.1% on the previous year and down 9.4% over ten years.
Over the whole period, imports of goods and services (bop, current us$), per unit of gdp in Bermuda peaked at 0.3371 BoP, current US$ per US$ of GDP in 2007 and was at its lowest, 0.2502 BoP, current US$ per US$ of GDP, in 2020.
Bermuda ranks 163rd of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Imports of goods and services (BoP, current US$), per unit of GDP in Bermuda, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.3184 BoP, current US$ per US$ of GDP | — |
| 2007 | 0.3371 BoP, current US$ per US$ of GDP | +5.9% |
| 2008 | 0.3153 BoP, current US$ per US$ of GDP | -6.5% |
| 2009 | 0.3078 BoP, current US$ per US$ of GDP | -2.4% |
| 2010 | 0.3017 BoP, current US$ per US$ of GDP | -2.0% |
| 2011 | 0.2847 BoP, current US$ per US$ of GDP | -5.6% |
| 2012 | 0.282 BoP, current US$ per US$ of GDP | -0.9% |
| 2013 | 0.2949 BoP, current US$ per US$ of GDP | +4.6% |
| 2014 | 0.305 BoP, current US$ per US$ of GDP | +3.4% |
| 2015 | 0.2747 BoP, current US$ per US$ of GDP | -9.9% |
| 2016 | 0.2788 BoP, current US$ per US$ of GDP | +1.5% |
| 2017 | 0.2862 BoP, current US$ per US$ of GDP | +2.7% |
| 2018 | 0.3041 BoP, current US$ per US$ of GDP | +6.2% |
| 2019 | 0.2996 BoP, current US$ per US$ of GDP | -1.5% |
| 2020 | 0.2502 BoP, current US$ per US$ of GDP | -16.5% |
| 2021 | 0.264 BoP, current US$ per US$ of GDP | +5.5% |
| 2022 | 0.2878 BoP, current US$ per US$ of GDP | +9.0% |
| 2023 | 0.2673 BoP, current US$ per US$ of GDP | -7.1% |
Bermuda compared with similar countries
- Bermuda's 0.2673 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.4933 BoP, current US$ per US$ of GDP, 54% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3196 BoP, current US$ per US$ of GDP | 0.3078 BoP, current US$ per US$ of GDP | 0.3371 BoP, current US$ per US$ of GDP | 4 |
| 2010s | 0.2912 BoP, current US$ per US$ of GDP | 0.2747 BoP, current US$ per US$ of GDP | 0.305 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.2673 BoP, current US$ per US$ of GDP | 0.2502 BoP, current US$ per US$ of GDP | 0.2878 BoP, current US$ per US$ of GDP | 4 |
Countries ranked near Bermuda
- 160 Dominican Republic 0.2782 BoP, current US$ per US$ of GDP compare
- 161 Mali 0.2723 BoP, current US$ per US$ of GDP compare
- 162 Turkey 0.2717 BoP, current US$ per US$ of GDP compare
- 164 Yemen 0.2636 BoP, current US$ per US$ of GDP compare
- 165 Kazakhstan 0.2622 BoP, current US$ per US$ of GDP compare
- 166 New Zealand 0.2594 BoP, current US$ per US$ of GDP 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$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is imports of goods and services (bop, current us$), per unit of gdp in Bermuda?
- Imports of goods and services (bop, current us$), per unit of gdp in Bermuda was 0.2673 BoP, current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest imports of goods and services (bop, current us$), per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.3371 BoP, current US$ per US$ of GDP in 2007.
- What is the lowest imports of goods and services (bop, current us$), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.2502 BoP, current US$ per US$ of GDP in 2020.
- How does Bermuda rank for imports of goods and services (bop, current us$), per unit of gdp?
- Bermuda ranks 163rd out of 199 countries with data for 2023.
- Is imports of goods and services (bop, current us$), per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Imports of goods and services (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Imports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods and services (BoP, current US$) ÷ GDP (current US$)
Computed from
- Imports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.