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$, in 2006.
Bermuda ranks 47th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -590.04 million BoP, current US$ | -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
- External balance on goods and services as a percent of GDP 30.1% (2024)
- GDP per capita 116,514 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.3% (2024)
- Gross domestic product (GDP) 7.53 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 116,514 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -229.00 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -229.00 million current US$ (2024)
- Taxes less subsidies on products 332.49 million current LCU (2024)
- Taxes less subsidies on products 332.49 million current US$ (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 197 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.