Imports of goods and services (constant 2015 US$) in Bermuda
Bermuda: Imports of goods and services (constant 2015 US$) was 1.73 billion constant 2015 US$ in 2024. ▬ Flat
Imports of goods and services in Bermuda, 2014–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, imports of goods and services in Bermuda stood at 1.73 billion constant 2015 US$. That is the highest value across all 11 years on record.
Compared with earlier readings it is up 4.6% on the previous year and up 9.9% over ten years.
Over the whole period, imports of goods and services in Bermuda peaked at 1.73 billion constant 2015 US$ in 2024 and was at its lowest, 1.33 billion constant 2015 US$, in 2020.
Bermuda ranks 153rd of 172 countries on this measure, in the bottom quarter.
Imports of goods and services (constant 2015 US$) in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2014 | 1.58 billion constant 2015 US$ | — |
| 2015 | 1.55 billion constant 2015 US$ | -1.5% |
| 2016 | 1.65 billion constant 2015 US$ | +6.2% |
| 2017 | 1.59 billion constant 2015 US$ | -3.3% |
| 2018 | 1.67 billion constant 2015 US$ | +4.5% |
| 2019 | 1.69 billion constant 2015 US$ | +1.2% |
| 2020 | 1.33 billion constant 2015 US$ | -21.3% |
| 2021 | 1.44 billion constant 2015 US$ | +8.6% |
| 2022 | 1.57 billion constant 2015 US$ | +8.6% |
| 2023 | 1.66 billion constant 2015 US$ | +5.7% |
| 2024 | 1.73 billion constant 2015 US$ | +4.6% |
Bermuda compared with similar countries
- Bermuda's 1.73 billion constant 2015 US$ is below the median for high income countries, which is 97.94 billion constant 2015 US$, 2% of the median. (63 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.62 billion constant 2015 US$ | 1.55 billion constant 2015 US$ | 1.69 billion constant 2015 US$ | 6 |
| 2020s | 1.54 billion constant 2015 US$ | 1.33 billion constant 2015 US$ | 1.73 billion constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 150 Eswatini 2.28 billion constant 2015 US$ compare
- 151 Lesotho 2.25 billion constant 2015 US$ compare
- 152 Seychelles 2.06 billion constant 2015 US$ compare
- 154 Greenland 1.57 billion constant 2015 US$ compare
- 155 Belize 1.44 billion constant 2015 US$ compare
- 156 Cape Verde 1.37 billion constant 2015 US$ compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ 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 capita 1,823 BoP, current US$ per person (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 imports of goods and services in Bermuda?
- Imports of goods and services in Bermuda was 1.73 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Bermuda?
- The highest recorded value was 1.73 billion constant 2015 US$ in 2024.
- What is the lowest imports of goods and services recorded in Bermuda?
- The lowest recorded value was 1.33 billion constant 2015 US$ in 2020.
- How does Bermuda rank for imports of goods and services?
- Bermuda ranks 153rd out of 172 countries with data for 2024.
- Is imports of goods and services rising or falling in Bermuda?
- Over the last ten years it is up 9.9%. 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 Imports of goods and services (constant 2015 US$). Statizoid updates them automatically from the source API.
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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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.