Imports of goods and services in Bermuda
Bermuda: Imports of goods and services was 25.1% in 2024. ▲ Rising
Imports of goods and services in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Bermuda recorded 25.1% for imports of goods and services in 2024.
The figure is up 0.7% on the previous year and down 1.2% over ten years.
Over the whole period, imports of goods and services in Bermuda peaked at 27.0% in 2022 and was at its lowest, 23.3%, in 2012.
Bermuda ranks 163rd of 193 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Imports of goods and services in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 23.8% | — |
| 2011 | 23.7% | -0.3% |
| 2012 | 23.3% | -1.9% |
| 2013 | 24.7% | +6.0% |
| 2014 | 25.4% | +2.8% |
| 2015 | 23.3% | -8.0% |
| 2016 | 23.4% | +0.4% |
| 2017 | 23.9% | +1.9% |
| 2018 | 26.1% | +9.3% |
| 2019 | 25.8% | -1.0% |
| 2020 | 23.5% | -9.1% |
| 2021 | 25.0% | +6.7% |
| 2022 | 27.0% | +7.8% |
| 2023 | 24.9% | -7.8% |
| 2024 | 25.1% | +0.7% |
Bermuda compared with similar countries
- Bermuda's 25.1% is below the median for high income countries, which is 51.2%, 49% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 24.3% | 23.3% | 26.1% | 10 |
| 2020s | 25.1% | 23.5% | 27.0% | 5 |
Countries ranked near Bermuda
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 imports of goods and services in Bermuda?
- Imports of goods and services in Bermuda was 25.1% 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 27.0% in 2022.
- What is the lowest imports of goods and services recorded in Bermuda?
- The lowest recorded value was 23.3% in 2012.
- How does Bermuda rank for imports of goods and services?
- Bermuda ranks 163rd out of 193 countries with data for 2024.
- Is imports of goods and services rising or falling in Bermuda?
- Over the last ten years it is down 1.2%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.