Share of products from least-developed countries that have no tariff in Bermuda
Bermuda: Share of products from least-developed countries that have no tariff was 39.6% in 2024. ▼ Falling
Share of products from least-developed countries that have no tariff in Bermuda, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for share of products from least-developed countries that have no tariff in Bermuda is 39.6%, measured in 2024.
The figure is up 2.1% on the previous year and down 22.6% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Bermuda peaked at 58.1% in 2010 and was at its lowest, 36.5%, in 2021.
That places Bermuda 211th out of 230 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 52.9% | — |
| 2010 | 58.1% | +9.8% |
| 2015 | 51.2% | -11.8% |
| 2016 | 50.9% | -0.7% |
| 2017 | 40.0% | -21.3% |
| 2018 | 51.2% | +28.0% |
| 2019 | 49.3% | -3.7% |
| 2020 | 39.3% | -20.3% |
| 2021 | 36.5% | -7.3% |
| 2022 | 38.4% | +5.3% |
| 2023 | 38.8% | +1.1% |
| 2024 | 39.6% | +2.1% |
Bermuda compared with similar countries
- Bermuda's 39.6% is below the median for high income countries, which is 64.9%, 61% of the median. (80 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 52.9% | 52.9% | 52.9% | 1 |
| 2010s | 50.1% | 40.0% | 58.1% | 6 |
| 2020s | 38.5% | 36.5% | 39.6% | 5 |
Countries ranked near Bermuda
- 208 Cayman Islands 41.0% compare
- 209 Puerto Rico 39.7% compare
- 210 Christmas Island 39.7% compare
- 212 Nauru 39.6% compare
- 213 Equatorial Guinea 37.9% compare
- 214 South Sudan 37.4% compare
More economy & growth data for Bermuda
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ 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$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 15,245 current LCU per person (2024)
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Bermuda?
- Share of products from least-developed countries that have no tariff in Bermuda was 39.6% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Bermuda?
- The highest recorded value was 58.1% in 2010.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Bermuda?
- The lowest recorded value was 36.5% in 2021.
- How does Bermuda rank for share of products from least-developed countries that have no tariff?
- Bermuda ranks 211th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Bermuda?
- Over the last ten years it is down 22.6%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).