Imports of goods, services and primary income in Bermuda
Bermuda: Imports of goods, services and primary income was 2.85 billion BoP, current US$ in 2023. ▬ Flat
Imports of goods, services and primary income in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, imports of goods, services and primary income in Bermuda stood at 2.85 billion BoP, current US$. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 18.2% on the previous year and up 4.3% over ten years.
Over the whole period, imports of goods, services and primary income in Bermuda peaked at 2.85 billion BoP, current US$ in 2023 and was at its lowest, 1.99 billion BoP, current US$, in 2020.
Bermuda ranks 162nd of 200 countries on this measure, in the bottom quarter.
Imports of goods, services and primary income in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | 2.28 billion BoP, current US$ | — |
| 2007 | 2.79 billion BoP, current US$ | +22.5% |
| 2008 | 2.77 billion BoP, current US$ | -0.6% |
| 2009 | 2.42 billion BoP, current US$ | -12.8% |
| 2010 | 2.32 billion BoP, current US$ | -4.3% |
| 2011 | 2.15 billion BoP, current US$ | -7.2% |
| 2012 | 2.06 billion BoP, current US$ | -4.5% |
| 2013 | 2.73 billion BoP, current US$ | +32.9% |
| 2014 | 2.26 billion BoP, current US$ | -17.3% |
| 2015 | 2.09 billion BoP, current US$ | -7.6% |
| 2016 | 2.23 billion BoP, current US$ | +6.9% |
| 2017 | 2.34 billion BoP, current US$ | +4.7% |
| 2018 | 2.48 billion BoP, current US$ | +6.1% |
| 2019 | 2.63 billion BoP, current US$ | +6.3% |
| 2020 | 1.99 billion BoP, current US$ | -24.4% |
| 2021 | 2.11 billion BoP, current US$ | +5.7% |
| 2022 | 2.41 billion BoP, current US$ | +14.4% |
| 2023 | 2.85 billion BoP, current US$ | +18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.57 billion BoP, current US$ | 2.28 billion BoP, current US$ | 2.79 billion BoP, current US$ | 4 |
| 2010s | 2.33 billion BoP, current US$ | 2.06 billion BoP, current US$ | 2.73 billion BoP, current US$ | 10 |
| 2020s | 2.34 billion BoP, current US$ | 1.99 billion BoP, current US$ | 2.85 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 159 Aruba 3.03 billion BoP, current US$ compare
- 160 Sierra Leone 2.97 billion BoP, current US$ compare
- 161 Curaçao 2.90 billion BoP, current US$ compare
- 163 Togo 2.63 billion BoP, current US$ compare
- 164 Barbados 2.54 billion BoP, current US$ compare
- 165 Seychelles 2.53 billion BoP, current US$ compare
More economy & growth data for Bermuda
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -0.1534 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 15.37 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.8174 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0018 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 253.44 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 233.62 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0016 constant LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -0.1535 % change on previous year (2024)
- External balance on goods and services (current US$), annual growth 15.37 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0016 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is imports of goods, services and primary income in Bermuda?
- Imports of goods, services and primary income in Bermuda was 2.85 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, services and primary income recorded in Bermuda?
- The highest recorded value was 2.85 billion BoP, current US$ in 2023.
- What is the lowest imports of goods, services and primary income recorded in Bermuda?
- The lowest recorded value was 1.99 billion BoP, current US$ in 2020.
- How does Bermuda rank for imports of goods, services and primary income?
- Bermuda ranks 162nd out of 200 countries with data for 2023.
- Is imports of goods, services and primary income rising or falling in Bermuda?
- Over the last ten years it is up 4.3%. 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, services and primary income (BoP, current 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. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. 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.