Net trade in goods and services in Bermuda
Bermuda: Net trade in goods and services was -701.16 million BoP, current US$ in 2023. ▼ Falling
Net trade in goods and services in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods and services in Bermuda stood at -701.16 million BoP, current US$.
The figure is up 13.4% on the previous year and down 35.9% over ten years.
Over the whole period, net trade in goods and services in Bermuda peaked at -326.80 million BoP, current US$ in 2011 and was at its lowest, -809.91 million BoP, current US$, in 2022.
Bermuda ranks 118th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -598.53 million BoP, current US$ | -712.50 million BoP, current US$ | -338.49 million BoP, current US$ | 4 |
| 2010s | -549.05 million BoP, current US$ | -649.15 million BoP, current US$ | -326.80 million BoP, current US$ | 10 |
| 2020s | -749.10 million BoP, current US$ | -809.91 million BoP, current US$ | -696.02 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 115 Curacao -657.75 million BoP, current US$ compare
- 116 Togo -667.63 million BoP, current US$ compare
- 117 French Polynesia -670.14 million BoP, current US$ compare
- 119 Gambia -701.38 million BoP, current US$ compare
- 120 Bolivia -702.28 million BoP, current US$ compare
- 121 Iceland -824.37 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 trade in goods and services in Bermuda?
- Net trade in goods and services in Bermuda was -701.16 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 trade in goods and services recorded in Bermuda?
- The highest recorded value was -326.80 million BoP, current US$ in 2011.
- What is the lowest net trade in goods and services recorded in Bermuda?
- The lowest recorded value was -809.91 million BoP, current US$ in 2022.
- How does Bermuda rank for net trade in goods and services?
- Bermuda ranks 118th out of 198 countries with data for 2023.
- Is net trade in goods and services rising or falling in Bermuda?
- Over the last ten years it is down 35.9%. The long-run trend across the full record is falling.
- 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 trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.