Service exports (BoP, current US$), per unit of GDP in Bermuda
Bermuda: Service exports (BoP, current US$), per unit of GDP was 0.1845 BoP, current US$ per US$ of GDP in 2023. ▼ Falling
Service exports (BoP, current US$), per unit of GDP in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
Bermuda recorded 0.1845 BoP, current US$ per US$ of GDP for service exports (bop, current us$), per unit of gdp in 2023.
That represents a change of up 1.8% on the previous year and down 13.5% over ten years.
Over the whole period, service exports (bop, current us$), per unit of gdp in Bermuda peaked at 0.2592 BoP, current US$ per US$ of GDP in 2006 and was at its lowest, 0.1476 BoP, current US$ per US$ of GDP, in 2020.
Bermuda ranks 61st of 199 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.
Service exports (BoP, current US$), per unit of GDP in Bermuda, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.2592 BoP, current US$ per US$ of GDP | — |
| 2007 | 0.2373 BoP, current US$ per US$ of GDP | -8.4% |
| 2008 | 0.2098 BoP, current US$ per US$ of GDP | -11.6% |
| 2009 | 0.1993 BoP, current US$ per US$ of GDP | -5.0% |
| 2010 | 0.2112 BoP, current US$ per US$ of GDP | +6.0% |
| 2011 | 0.2309 BoP, current US$ per US$ of GDP | +9.3% |
| 2012 | 0.2177 BoP, current US$ per US$ of GDP | -5.7% |
| 2013 | 0.2132 BoP, current US$ per US$ of GDP | -2.1% |
| 2014 | 0.2074 BoP, current US$ per US$ of GDP | -2.7% |
| 2015 | 0.1861 BoP, current US$ per US$ of GDP | -10.3% |
| 2016 | 0.1876 BoP, current US$ per US$ of GDP | +0.8% |
| 2017 | 0.1927 BoP, current US$ per US$ of GDP | +2.7% |
| 2018 | 0.2171 BoP, current US$ per US$ of GDP | +12.7% |
| 2019 | 0.2138 BoP, current US$ per US$ of GDP | -1.5% |
| 2020 | 0.1476 BoP, current US$ per US$ of GDP | -31.0% |
| 2021 | 0.1545 BoP, current US$ per US$ of GDP | +4.7% |
| 2022 | 0.1812 BoP, current US$ per US$ of GDP | +17.2% |
| 2023 | 0.1845 BoP, current US$ per US$ of GDP | +1.8% |
Bermuda compared with similar countries
- Bermuda's 0.1845 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.1868 BoP, current US$ per US$ of GDP, 99% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2264 BoP, current US$ per US$ of GDP | 0.1993 BoP, current US$ per US$ of GDP | 0.2592 BoP, current US$ per US$ of GDP | 4 |
| 2010s | 0.2078 BoP, current US$ per US$ of GDP | 0.1861 BoP, current US$ per US$ of GDP | 0.2309 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.1669 BoP, current US$ per US$ of GDP | 0.1476 BoP, current US$ per US$ of GDP | 0.1845 BoP, current US$ per US$ of GDP | 4 |
Countries ranked near Bermuda
- 58 Switzerland 0.1873 BoP, current US$ per US$ of GDP compare
- 59 French Polynesia 0.1862 BoP, current US$ per US$ of GDP compare
- 60 North Macedonia 0.1859 BoP, current US$ per US$ of GDP compare
- 62 Morocco 0.1845 BoP, current US$ per US$ of GDP compare
- 63 Kyrgyzstan 0.1827 BoP, current US$ per US$ of GDP compare
- 64 Austria 0.1821 BoP, current US$ per US$ of GDP 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 LCU) 4.44 % change on previous year (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)
Frequently asked questions
- What is service exports (bop, current us$), per unit of gdp in Bermuda?
- Service exports (bop, current us$), per unit of gdp in Bermuda was 0.1845 BoP, current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.2592 BoP, current US$ per US$ of GDP in 2006.
- What is the lowest service exports (bop, current us$), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.1476 BoP, current US$ per US$ of GDP in 2020.
- How does Bermuda rank for service exports (bop, current us$), per unit of gdp?
- Bermuda ranks 61st out of 199 countries with data for 2023.
- Is service exports (bop, current us$), per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is down 13.5%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.