Merchandise trade as a proportion of GDP in Bermuda
Bermuda: Merchandise trade as a proportion of GDP was 14.5% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Bermuda, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, merchandise trade as a proportion of gdp in Bermuda stood at 14.5%.
That represents a change of up 3.6% on the previous year and down 5.5% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Bermuda peaked at 23.7% in 2004 and was at its lowest, 13.4%, in 2020.
That places Bermuda 187th out of 188 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 22.2% | — |
| 2001 | 20.5% | -7.3% |
| 2002 | 20.4% | -0.7% |
| 2003 | 21.1% | +3.6% |
| 2004 | 23.7% | +11.9% |
| 2005 | 21.2% | -10.2% |
| 2006 | 18.2% | -14.1% |
| 2007 | 17.6% | -3.3% |
| 2008 | 16.9% | -3.9% |
| 2009 | 16.4% | -3.1% |
| 2010 | 14.9% | -9.4% |
| 2011 | 14.5% | -2.8% |
| 2012 | 14.3% | -1.2% |
| 2013 | 15.8% | +10.9% |
| 2014 | 15.3% | -3.1% |
| 2015 | 14.4% | -6.4% |
| 2016 | 14.4% | +0.5% |
| 2017 | 15.6% | +8.0% |
| 2018 | 15.5% | -0.6% |
| 2019 | 15.4% | -0.4% |
| 2020 | 13.4% | -13.1% |
| 2021 | 14.9% | +11.0% |
| 2022 | 15.6% | +4.7% |
| 2023 | 14.0% | -10.1% |
| 2024 | 14.5% | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.8% | 16.4% | 23.7% | 10 |
| 2010s | 15.0% | 14.3% | 15.8% | 10 |
| 2020s | 14.5% | 13.4% | 15.6% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7413 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), annual 4.66 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7902 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 112,409 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 6,143 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant 2015 US$) 4.66 % change on previous year (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Bermuda?
- Merchandise trade as a proportion of gdp in Bermuda was 14.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Bermuda?
- The highest recorded value was 23.7% in 2004.
- What is the lowest merchandise trade as a proportion of gdp recorded in Bermuda?
- The lowest recorded value was 13.4% in 2020.
- How does Bermuda rank for merchandise trade as a proportion of gdp?
- Bermuda ranks 187th out of 188 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Bermuda?
- Over the last ten years it is down 5.5%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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