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% |
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 Naoero 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
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8191 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 116,514 constant 2015 US$ per person (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant LCU), per capita 109,864 constant LCU per person (2024)
- Gross domestic savings (current US$), per unit of GDP 0.4498 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), annual growth rate 10.52 % change on previous year (2024)
- GDP (current LCU), per capita 142,250 current LCU per person (2024)
Frequently asked questions
- What is share of service in total exports in Bermuda?
- Share of service in total exports in Bermuda was 11.67 million BoP, current US$ 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.