Share of service in total exports in Bermuda
Bermuda: Share of service in total exports was 11.67 million BoP, current US$ in 2023. ▼ Falling
Share of service in total exports in Bermuda, 2006–2023
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
The most recent figure for share of service in total exports in Bermuda is 11.67 million BoP, current US$, measured in 2023.
Compared with earlier readings it is down 35.8% on the previous year and down 8.0% over ten years.
Over the whole period, share of service in total exports in Bermuda peaked at 28.67 million BoP, current US$ in 2009 and was at its lowest, 9.15 million BoP, current US$, in 2021.
That places Bermuda 194th out of 198 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Share of service in total exports in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | 25.45 million BoP, current US$ | — |
| 2007 | 25.32 million BoP, current US$ | -0.5% |
| 2008 | 23.52 million BoP, current US$ | -7.1% |
| 2009 | 28.67 million BoP, current US$ | +21.9% |
| 2010 | 14.68 million BoP, current US$ | -48.8% |
| 2011 | 12.63 million BoP, current US$ | -14.0% |
| 2012 | 11.14 million BoP, current US$ | -11.8% |
| 2013 | 12.69 million BoP, current US$ | +13.9% |
| 2014 | 21.15 million BoP, current US$ | +66.7% |
| 2015 | 21.44 million BoP, current US$ | +1.4% |
| 2016 | 18.96 million BoP, current US$ | -11.6% |
| 2017 | 18.71 million BoP, current US$ | -1.3% |
| 2018 | 16.66 million BoP, current US$ | -11.0% |
| 2019 | 18.02 million BoP, current US$ | +8.1% |
| 2020 | 10.76 million BoP, current US$ | -40.3% |
| 2021 | 9.15 million BoP, current US$ | -15.0% |
| 2022 | 18.17 million BoP, current US$ | +98.6% |
| 2023 | 11.67 million BoP, current US$ | -35.8% |
Bermuda compared with similar countries
- Bermuda's 11.67 million BoP, current US$ is below the median for high income countries, which is 47.85 billion BoP, current US$, 0% of the median. (72 countries reporting)
Biggest year-on-year movements
Years where Share of service in total exports in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +98.6% | 9.15 million BoP, current US$ | 18.17 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.74 million BoP, current US$ | 23.52 million BoP, current US$ | 28.67 million BoP, current US$ | 4 |
| 2010s | 16.61 million BoP, current US$ | 11.14 million BoP, current US$ | 21.44 million BoP, current US$ | 10 |
| 2020s | 12.44 million BoP, current US$ | 9.15 million BoP, current US$ | 18.17 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 191 Nauru 25.53 million BoP, current US$ compare
- 192 Samoa 24.24 million BoP, current US$ compare
- 193 Kiribati 17.34 million BoP, current US$ compare
- 195 Tonga 10.83 million BoP, current US$ compare
- 196 Turks and Caicos Islands 5.80 million BoP, current US$ compare
- 197 Palau 1.75 million BoP, current US$ compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ 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 capita 1,823 BoP, current US$ per person (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 share of service in total exports in Bermuda?
- Share of service in total exports in Bermuda was 11.67 million BoP, current US$ in 2023, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in Bermuda?
- The highest recorded value was 28.67 million BoP, current US$ in 2009.
- What is the lowest share of service in total exports recorded in Bermuda?
- The lowest recorded value was 9.15 million BoP, current US$ in 2021.
- How does Bermuda rank for share of service in total exports?
- Bermuda ranks 194th out of 198 countries with data for 2023.
- Is share of service in total exports rising or falling in Bermuda?
- Over the last ten years it is down 8.0%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. Statizoid updates them automatically from the source API.
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About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.