Service imports (BoP, current US$), per unit of GDP in Bermuda
Bermuda: Service imports (BoP, current US$), per unit of GDP was 0.1259 BoP, current US$ per US$ of GDP in 2023. ▼ Falling
Service imports (BoP, current US$), per unit of GDP in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2023, service imports (bop, current us$), per unit of gdp in Bermuda stood at 0.1259 BoP, current US$ per US$ of GDP.
The figure is down 1.8% on the previous year and down 9.1% over ten years.
Over the whole period, service imports (bop, current us$), per unit of gdp in Bermuda peaked at 0.1648 BoP, current US$ per US$ of GDP in 2007 and was at its lowest, 0.1152 BoP, current US$ per US$ of GDP, in 2021.
That places Bermuda 79th out of 199 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Service imports (BoP, current US$), per unit of GDP in Bermuda, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.1403 BoP, current US$ per US$ of GDP | — |
| 2007 | 0.1648 BoP, current US$ per US$ of GDP | +17.5% |
| 2008 | 0.1492 BoP, current US$ per US$ of GDP | -9.5% |
| 2009 | 0.1479 BoP, current US$ per US$ of GDP | -0.9% |
| 2010 | 0.1527 BoP, current US$ per US$ of GDP | +3.3% |
| 2011 | 0.1421 BoP, current US$ per US$ of GDP | -7.0% |
| 2012 | 0.1409 BoP, current US$ per US$ of GDP | -0.8% |
| 2013 | 0.1385 BoP, current US$ per US$ of GDP | -1.7% |
| 2014 | 0.1539 BoP, current US$ per US$ of GDP | +11.2% |
| 2015 | 0.1335 BoP, current US$ per US$ of GDP | -13.3% |
| 2016 | 0.1368 BoP, current US$ per US$ of GDP | +2.5% |
| 2017 | 0.133 BoP, current US$ per US$ of GDP | -2.8% |
| 2018 | 0.1518 BoP, current US$ per US$ of GDP | +14.1% |
| 2019 | 0.1444 BoP, current US$ per US$ of GDP | -4.9% |
| 2020 | 0.1156 BoP, current US$ per US$ of GDP | -19.9% |
| 2021 | 0.1152 BoP, current US$ per US$ of GDP | -0.4% |
| 2022 | 0.1283 BoP, current US$ per US$ of GDP | +11.3% |
| 2023 | 0.1259 BoP, current US$ per US$ of GDP | -1.8% |
Bermuda compared with similar countries
- Bermuda's 0.1259 BoP, current US$ per US$ of GDP is below the median for high income countries, which is 0.1373 BoP, current US$ per US$ of GDP, 92% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1505 BoP, current US$ per US$ of GDP | 0.1403 BoP, current US$ per US$ of GDP | 0.1648 BoP, current US$ per US$ of GDP | 4 |
| 2010s | 0.1428 BoP, current US$ per US$ of GDP | 0.133 BoP, current US$ per US$ of GDP | 0.1539 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.1213 BoP, current US$ per US$ of GDP | 0.1152 BoP, current US$ per US$ of GDP | 0.1283 BoP, current US$ per US$ of GDP | 4 |
Countries ranked near Bermuda
- 76 Gabon 0.1306 BoP, current US$ per US$ of GDP compare
- 77 Ghana 0.1282 BoP, current US$ per US$ of GDP compare
- 78 New Caledonia 0.1271 BoP, current US$ per US$ of GDP compare
- 80 Guinea 0.1258 BoP, current US$ per US$ of GDP compare
- 81 North Macedonia 0.1254 BoP, current US$ per US$ of GDP compare
- 82 Greece 0.1215 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 imports (bop, current us$), per unit of gdp in Bermuda?
- Service imports (bop, current us$), per unit of gdp in Bermuda was 0.1259 BoP, current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.1648 BoP, current US$ per US$ of GDP in 2007.
- What is the lowest service imports (bop, current us$), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.1152 BoP, current US$ per US$ of GDP in 2021.
- How does Bermuda rank for service imports (bop, current us$), per unit of gdp?
- Bermuda ranks 79th out of 199 countries with data for 2023.
- Is service imports (bop, current us$), per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is down 9.1%. 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 imports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service imports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.