Net financial account in Bermuda
Bermuda: Net financial account was 950.06 million BoP, current US$ in 2023. ◆ Volatile
Net financial account in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bermuda recorded 950.06 million BoP, current US$ for net financial account in 2023.
Compared with earlier readings it is up 2.4% on the previous year and up 1.6% over ten years.
Over the whole period, net financial account in Bermuda peaked at 957.93 million BoP, current US$ in 2014 and was at its lowest, -1.60 billion BoP, current US$, in 2006.
Bermuda ranks 47th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial account in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | -1.60 billion BoP, current US$ | — |
| 2007 | -920.95 million BoP, current US$ | -42.3% |
| 2008 | 469.42 million BoP, current US$ | -151.0% |
| 2009 | -312.36 million BoP, current US$ | -166.5% |
| 2010 | 713.99 million BoP, current US$ | -328.6% |
| 2011 | 237.40 million BoP, current US$ | -66.7% |
| 2012 | 828.24 million BoP, current US$ | +248.9% |
| 2013 | 935.06 million BoP, current US$ | +12.9% |
| 2014 | 957.93 million BoP, current US$ | +2.4% |
| 2015 | 759.58 million BoP, current US$ | -20.7% |
| 2016 | 830.56 million BoP, current US$ | +9.3% |
| 2017 | 823.73 million BoP, current US$ | -0.8% |
| 2018 | 900.85 million BoP, current US$ | +9.4% |
| 2019 | 891.58 million BoP, current US$ | -1.0% |
| 2020 | 829.22 million BoP, current US$ | -7.0% |
| 2021 | 869.18 million BoP, current US$ | +4.8% |
| 2022 | 927.78 million BoP, current US$ | +6.7% |
| 2023 | 950.06 million BoP, current US$ | +2.4% |
Bermuda compared with similar countries
- Bermuda's 950.06 million BoP, current US$ is above the median for high income countries, which is 162.16 million BoP, current US$, 5.9× the median. (71 countries reporting)
Biggest year-on-year movements
Years where Net financial account in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +328.6% | -312.36 million BoP, current US$ | 713.99 million BoP, current US$ |
| 2012 | +248.9% | 237.40 million BoP, current US$ | 828.24 million BoP, current US$ |
| 2009 | -166.5% | 469.42 million BoP, current US$ | -312.36 million BoP, current US$ |
| 2008 | +151.0% | -920.95 million BoP, current US$ | 469.42 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -590.04 million BoP, current US$ | -1.60 billion BoP, current US$ | 469.42 million BoP, current US$ | 4 |
| 2010s | 787.89 million BoP, current US$ | 237.40 million BoP, current US$ | 957.93 million BoP, current US$ | 10 |
| 2020s | 894.06 million BoP, current US$ | 829.22 million BoP, current US$ | 950.06 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 44 Congo 1.36 billion BoP, current US$ compare
- 45 Jamaica 1.13 billion BoP, current US$ compare
- 46 Estonia 1.00 billion BoP, current US$ compare
- 48 South Sudan 926.26 million BoP, current US$ compare
- 49 Sri Lanka 891.97 million BoP, current US$ compare
- 50 Syria 816.64 million BoP, current US$ compare
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$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is net financial account in Bermuda?
- Net financial account in Bermuda was 950.06 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net financial account recorded in Bermuda?
- The highest recorded value was 957.93 million BoP, current US$ in 2014.
- What is the lowest net financial account recorded in Bermuda?
- The lowest recorded value was -1.60 billion BoP, current US$ in 2006.
- How does Bermuda rank for net financial account?
- Bermuda ranks 47th out of 199 countries with data for 2023.
- Is net financial account rising or falling in Bermuda?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is volatile.
- 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 Net financial account (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The net financial account shows net acquisition and disposal of financial assets and liabilities. It measures how net lending to or borrowing from nonresidents is financed, and is conceptually equal to the sum of the balances on the current and capital accounts. 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.