Imports of goods and services in Bermuda
Bermuda: Imports of goods and services was 2.30 billion BoP, current US$ in 2023. ▬ Flat
Imports 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$.
Analysis
Bermuda recorded 2.30 billion BoP, current US$ for imports of goods and services in 2023. That is the highest value across all 18 years on record.
The figure is up 2.9% on the previous year and up 20.6% over ten years.
Over the whole period, imports of goods and services in Bermuda peaked at 2.30 billion BoP, current US$ in 2023 and was at its lowest, 1.72 billion BoP, current US$, in 2020.
That places Bermuda 163rd out of 199 countries with data for 2023, putting it in the bottom quarter.
Imports of goods and services in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | 1.96 billion BoP, current US$ | — |
| 2007 | 2.28 billion BoP, current US$ | +16.6% |
| 2008 | 2.20 billion BoP, current US$ | -3.5% |
| 2009 | 2.05 billion BoP, current US$ | -6.9% |
| 2010 | 2.00 billion BoP, current US$ | -2.3% |
| 2011 | 1.80 billion BoP, current US$ | -10.2% |
| 2012 | 1.80 billion BoP, current US$ | +0.1% |
| 2013 | 1.91 billion BoP, current US$ | +6.0% |
| 2014 | 1.96 billion BoP, current US$ | +2.6% |
| 2015 | 1.83 billion BoP, current US$ | -6.6% |
| 2016 | 1.92 billion BoP, current US$ | +5.3% |
| 2017 | 2.04 billion BoP, current US$ | +6.3% |
| 2018 | 2.20 billion BoP, current US$ | +7.5% |
| 2019 | 2.22 billion BoP, current US$ | +1.2% |
| 2020 | 1.72 billion BoP, current US$ | -22.5% |
| 2021 | 1.92 billion BoP, current US$ | +11.7% |
| 2022 | 2.24 billion BoP, current US$ | +16.1% |
| 2023 | 2.30 billion BoP, current US$ | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.12 billion BoP, current US$ | 1.96 billion BoP, current US$ | 2.28 billion BoP, current US$ | 4 |
| 2010s | 1.97 billion BoP, current US$ | 1.80 billion BoP, current US$ | 2.22 billion BoP, current US$ | 10 |
| 2020s | 2.05 billion BoP, current US$ | 1.72 billion BoP, current US$ | 2.30 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 160 Aruba 2.57 billion BoP, current US$ compare
- 161 Togo 2.39 billion BoP, current US$ compare
- 162 Seychelles 2.38 billion BoP, current US$ compare
- 164 Barbados 2.21 billion BoP, current US$ compare
- 165 Lesotho 2.16 billion BoP, current US$ compare
- 166 French Polynesia 1.87 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$), annual growth rate 10.52 % change on previous year (2024)
- GDP (current LCU), per capita 142,250 current LCU per person (2024)
Frequently asked questions
- What is imports of goods and services in Bermuda?
- Imports of goods and services in Bermuda was 2.30 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Bermuda?
- The highest recorded value was 2.30 billion BoP, current US$ in 2023.
- What is the lowest imports of goods and services recorded in Bermuda?
- The lowest recorded value was 1.72 billion BoP, current US$ in 2020.
- How does Bermuda rank for imports of goods and services?
- Bermuda ranks 163rd out of 199 countries with data for 2023.
- Is imports of goods and services rising or falling in Bermuda?
- Over the last ten years it is up 20.6%. The long-run trend across the full record is flat.
- 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 Imports of goods and services (BoP, current US$). 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
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.