Value of imported goods as a share of GDP in Bermuda
Bermuda: Value of imported goods as a share of GDP was 60.3% in 2013. ▼ Falling
Latest (2013)
60.3%
Change on year
up 0.5%
World rank
49th
of 193 countries
All-time high
134.3%
in 2001
All-time low
29.3%
in 1996
Years of data
54
1960–2013
Value of imported goods as a share of GDP in Bermuda, 1960–2013
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in %.
Analysis
In 2013, value of imported goods as a share of gdp in Bermuda stood at 60.3%.
The figure is up 0.5% on the previous year and down 51.2% over ten years.
Over the whole period, value of imported goods as a share of gdp in Bermuda peaked at 134.3% in 2001 and was at its lowest, 29.3%, in 1996.
That places Bermuda 49th out of 193 countries with data for 2013, putting it in the top quarter.
The long-run direction has been consistently falling across the 54 years of available data.
Value of imported goods as a share of GDP in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 110.5% | — |
| 1961 | 93.0% | -15.8% |
| 1962 | 76.2% | -18.1% |
| 1963 | 86.4% | +13.4% |
| 1964 | 80.8% | -6.5% |
| 1965 | 89.1% | +10.3% |
| 1966 | 103.1% | +15.6% |
| 1967 | 73.8% | -28.4% |
| 1968 | 78.0% | +5.8% |
| 1969 | 71.1% | -8.8% |
| 1970 | 86.7% | +21.9% |
| 1971 | 75.6% | -12.8% |
| 1972 | 52.2% | -31.0% |
| 1973 | 59.9% | +14.7% |
| 1974 | 94.2% | +57.4% |
| 1975 | 69.4% | -26.4% |
| 1976 | 80.0% | +15.4% |
| 1977 | 128.9% | +61.1% |
| 1978 | 106.3% | -17.5% |
| 1979 | 77.7% | -26.9% |
| 1980 | 90.6% | +16.6% |
| 1981 | 65.2% | -28.0% |
| 1982 | 58.5% | -10.3% |
| 1983 | 50.2% | -14.2% |
| 1984 | 63.8% | +27.1% |
| 1985 | 50.2% | -21.3% |
| 1986 | 41.9% | -16.6% |
| 1987 | 51.8% | +23.7% |
| 1988 | 62.6% | +20.8% |
| 1989 | 56.8% | -9.2% |
| 1990 | 49.2% | -13.4% |
| 1991 | 96.1% | +95.3% |
| 1992 | 97.4% | +1.4% |
| 1993 | 54.6% | -44.0% |
| 1994 | 48.8% | -10.6% |
| 1995 | 39.5% | -19.0% |
| 1996 | 29.3% | -25.8% |
| 1997 | 44.7% | +52.4% |
| 1998 | 43.5% | -2.6% |
| 1999 | 97.0% | +123.0% |
| 2000 | 119.7% | +23.4% |
| 2001 | 134.3% | +12.2% |
| 2002 | 133.2% | -0.8% |
| 2003 | 123.6% | -7.2% |
| 2004 | 94.2% | -23.8% |
| 2005 | 65.5% | -30.5% |
| 2006 | 80.9% | +23.5% |
| 2007 | 79.5% | -1.7% |
| 2008 | 81.1% | +2.0% |
| 2009 | 48.4% | -40.2% |
| 2010 | 78.5% | +62.1% |
| 2011 | 74.0% | -5.8% |
| 2012 | 60.0% | -18.9% |
| 2013 | 60.3% | +0.5% |
Bermuda compared with similar countries
- Bermuda's 60.3% is above the median for high income countries, which is 38.0%, 1.6× the median. (67 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 86.2% | 71.1% | 110.5% | 10 |
| 1970s | 83.1% | 52.2% | 128.9% | 10 |
| 1980s | 59.2% | 41.9% | 90.6% | 10 |
| 1990s | 60.0% | 29.3% | 97.4% | 10 |
| 2000s | 96.0% | 48.4% | 134.3% | 10 |
| 2010s | 68.2% | 60.0% | 78.5% | 4 |
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 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)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (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 60.3% in 2013, according to Fouquin and Hugot (2016) – processed 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 134.3% in 2001.
- What is the lowest value of imported goods as a share of gdp recorded in Bermuda?
- The lowest recorded value was 29.3% in 1996.
- How does Bermuda rank for value of imported goods as a share of gdp?
- Bermuda ranks 49th out of 193 countries with data for 2013.
- Is value of imported goods as a share of gdp rising or falling in Bermuda?
- Over the last ten years it is down 51.2%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Fouquin and Hugot (2016) – processed 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.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Estimates correspond to merchandise import-to-GDP ratios for countries and regions. All ratios are taken at current prices. See source for more details.