Net trade in goods (BoP, current US$), annual growth rate in Bermuda
Bermuda: Net trade in goods (BoP, current US$), annual growth rate was 1.32 % change on previous year in 2023. ◆ Volatile
Net trade in goods (BoP, current US$), annual growth rate in Bermuda, 2007–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, net trade in goods (bop, current us$), annual growth rate in Bermuda stood at 1.32 % change on previous year.
The figure is up 109.8% on the previous year and up 110.7% over ten years.
Over the whole period, net trade in goods (bop, current us$), annual growth rate in Bermuda peaked at 19.21 % change on previous year in 2020 and was at its lowest, -17.45 % change on previous year, in 2021.
That places Bermuda 70th out of 199 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods (BoP, current US$), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | -6.7 % change on previous year | — |
| 2008 | 0.4209 % change on previous year | -106.3% |
| 2009 | 8.8 % change on previous year | +1991.9% |
| 2010 | 6.02 % change on previous year | -31.6% |
| 2011 | 8.79 % change on previous year | +46.1% |
| 2012 | -0.162 % change on previous year | -101.8% |
| 2013 | -12.33 % change on previous year | +7510.6% |
| 2014 | 5.09 % change on previous year | -141.3% |
| 2015 | 3.14 % change on previous year | -38.3% |
| 2016 | -4.64 % change on previous year | -247.7% |
| 2017 | -11.96 % change on previous year | +158.0% |
| 2018 | -0.7464 % change on previous year | -93.8% |
| 2019 | -4.63 % change on previous year | +520.3% |
| 2020 | 19.21 % change on previous year | -515.0% |
| 2021 | -17.45 % change on previous year | -190.8% |
| 2022 | -13.48 % change on previous year | -22.8% |
| 2023 | 1.32 % change on previous year | -109.8% |
Bermuda compared with similar countries
- Bermuda's 1.32 % change on previous year is above the median for high income countries, which is -3.79 % change on previous year. (71 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods (BoP, current US$), annual growth rate in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | -7510.6% | -0.162 % change on previous year | -12.33 % change on previous year |
| 2009 | +1991.9% | 0.4209 % change on previous year | 8.8 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8426 % change on previous year | -6.7 % change on previous year | 8.8 % change on previous year | 3 |
| 2010s | -1.14 % change on previous year | -12.33 % change on previous year | 8.79 % change on previous year | 10 |
| 2020s | -2.6 % change on previous year | -17.45 % change on previous year | 19.21 % change on previous year | 4 |
Countries ranked near Bermuda
- 67 Singapore 2.55 % change on previous year compare
- 68 South Africa 1.96 % change on previous year compare
- 69 Togo 1.72 % change on previous year compare
- 71 Czechia 1.08 % change on previous year compare
- 72 Rwanda 1.03 % change on previous year compare
- 73 Serbia 0.9204 % change on previous year compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ 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$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods (bop, current us$), annual growth rate in Bermuda?
- Net trade in goods (bop, current us$), annual growth rate in Bermuda was 1.32 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest net trade in goods (bop, current us$), annual growth rate recorded in Bermuda?
- The highest recorded value was 19.21 % change on previous year in 2020.
- What is the lowest net trade in goods (bop, current us$), annual growth rate recorded in Bermuda?
- The lowest recorded value was -17.45 % change on previous year in 2021.
- How does Bermuda rank for net trade in goods (bop, current us$), annual growth rate?
- Bermuda ranks 70th out of 199 countries with data for 2023.
- Is net trade in goods (bop, current us$), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 110.7%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Net trade in goods (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net trade in goods (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net trade in goods (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.