Value of imported goods as a share of GDP (International Monetary) in Bermuda
Bermuda: Value of imported goods as a share of GDP (International Monetary) was 12.9% in 2024. ▼ Falling
Value of imported goods as a share of GDP in Bermuda, 1961–2024
Source: International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
Bermuda recorded 12.9% for value of imported goods as a share of gdp in 2024.
Compared with earlier readings it is down 22.7% on the previous year and down 37.4% over ten years.
Over the whole period, value of imported goods as a share of gdp in Bermuda peaked at 97.0% in 1999 and was at its lowest, 12.9%, in 2019.
Bermuda ranks 188th of 201 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 62 years of available data.
Value of imported goods as a share of GDP (International Monetary) in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 1961 | 74.6% | — |
| 1962 | 65.8% | -11.8% |
| 1963 | 63.7% | -3.2% |
| 1964 | 60.4% | -5.1% |
| 1965 | 56.7% | -6.1% |
| 1966 | 54.6% | -3.7% |
| 1967 | 47.9% | -12.2% |
| 1968 | 45.8% | -4.4% |
| 1971 | 54.8% | +19.6% |
| 1972 | 49.8% | -9.1% |
| 1973 | 48.8% | -2.1% |
| 1974 | 52.5% | +7.7% |
| 1975 | 50.7% | -3.5% |
| 1976 | 45.8% | -9.6% |
| 1977 | 44.6% | -2.6% |
| 1978 | 47.8% | +7.2% |
| 1979 | 48.6% | +1.7% |
| 1980 | 54.6% | +12.4% |
| 1981 | 47.3% | -13.3% |
| 1982 | 48.5% | +2.4% |
| 1983 | 46.1% | -4.9% |
| 1984 | 45.5% | -1.3% |
| 1985 | 43.2% | -5.1% |
| 1986 | 41.2% | -4.5% |
| 1987 | 50.4% | +22.1% |
| 1988 | 36.6% | -27.4% |
| 1989 | 38.0% | +3.9% |
| 1990 | 36.3% | -4.6% |
| 1991 | 30.8% | -15.2% |
| 1992 | 32.8% | +6.7% |
| 1993 | 31.0% | -5.6% |
| 1994 | 47.2% | +52.3% |
| 1995 | 33.0% | -30.2% |
| 1996 | 22.8% | -30.8% |
| 1997 | 44.7% | +95.9% |
| 1998 | 43.5% | -2.6% |
| 1999 | 97.0% | +123.0% |
| 2000 | 78.2% | -19.4% |
| 2001 | 65.3% | -16.5% |
| 2002 | 78.0% | +19.6% |
| 2003 | 77.4% | -0.8% |
| 2004 | 32.4% | -58.1% |
| 2005 | 20.1% | -38.1% |
| 2006 | 18.2% | -9.3% |
| 2007 | 21.9% | +20.4% |
| 2008 | 28.2% | +28.9% |
| 2009 | 21.7% | -23.0% |
| 2010 | 22.0% | +1.1% |
| 2011 | 22.8% | +3.6% |
| 2012 | 19.7% | -13.5% |
| 2013 | 16.3% | -17.1% |
| 2014 | 20.6% | +26.2% |
| 2015 | 18.7% | -9.0% |
| 2016 | 21.1% | +12.5% |
| 2017 | 39.8% | +88.8% |
| 2018 | 14.4% | -63.8% |
| 2019 | 12.9% | -10.7% |
| 2020 | 19.6% | +52.2% |
| 2021 | 17.7% | -9.9% |
| 2022 | 16.1% | -9.1% |
| 2023 | 16.7% | +3.9% |
| 2024 | 12.9% | -22.7% |
Bermuda compared with similar countries
- Bermuda's 12.9% is below the median for high income countries, which is 30.4%, 42% of the median. (73 countries reporting)
Biggest year-on-year movements
Years where Value of imported goods as a share of GDP (International Monetary) in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +123.0% | 43.5% | 97.0% |
| 1997 | +95.9% | 22.8% | 44.7% |
| 2017 | +88.8% | 21.1% | 39.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 58.7% | 45.8% | 74.6% | 8 |
| 1970s | 49.3% | 44.6% | 54.8% | 9 |
| 1980s | 45.1% | 36.6% | 54.6% | 10 |
| 1990s | 41.9% | 22.8% | 97.0% | 10 |
| 2000s | 44.1% | 18.2% | 78.2% | 10 |
| 2010s | 20.8% | 12.9% | 39.8% | 10 |
| 2020s | 16.6% | 12.9% | 19.6% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- General government final consumption expenditure (current US$), per 0.1072 current US$ 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 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$) 4.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
Frequently asked questions
- What is value of imported goods as a share of gdp in Bermuda?
- Value of imported goods as a share of gdp in Bermuda was 12.9% in 2024, according to International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Bermuda?
- The highest recorded value was 97.0% in 1999.
- What is the lowest value of imported goods as a share of gdp recorded in Bermuda?
- The lowest recorded value was 12.9% in 2019.
- How does Bermuda rank for value of imported goods as a share of gdp?
- Bermuda ranks 188th out of 201 countries with data for 2024.
- Is value of imported goods as a share of gdp rising or falling in Bermuda?
- Over the last ten years it is down 37.4%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).