Terms of trade adjustment in Bermuda
Bermuda: Terms of trade adjustment was 144.24 million constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Bermuda, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, terms of trade adjustment in Bermuda stood at 144.24 million constant LCU.
That represents a change of down 32.5% on the previous year and down 45.8% over ten years.
Over the whole period, terms of trade adjustment in Bermuda peaked at 391.64 million constant LCU in 2019 and was at its lowest, -171.77 million constant LCU, in 2022.
Bermuda ranks 88th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in Bermuda, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2014 | 266.28 million constant LCU | — |
| 2015 | 286.51 million constant LCU | +7.6% |
| 2016 | 200.84 million constant LCU | -29.9% |
| 2017 | 319.92 million constant LCU | +59.3% |
| 2018 | 181.19 million constant LCU | -43.4% |
| 2019 | 391.64 million constant LCU | +116.1% |
| 2020 | -59.46 million constant LCU | -115.2% |
| 2021 | -83.83 million constant LCU | +41.0% |
| 2022 | -171.77 million constant LCU | +104.9% |
| 2023 | 213.76 million constant LCU | -224.4% |
| 2024 | 144.24 million constant LCU | -32.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 274.40 million constant LCU | 181.19 million constant LCU | 391.64 million constant LCU | 6 |
| 2020s | 8.59 million constant LCU | -171.77 million constant LCU | 213.76 million constant LCU | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- Taxes less subsidies on products (current US$), per capita 5,144 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 4.4 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0362 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 5,144 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 116,514 units per person (2024)
- Gdp worldbank constant usd, per unit of GDP 0.8191 units per US$ of GDP (2024)
Frequently asked questions
- What is terms of trade adjustment in Bermuda?
- Terms of trade adjustment in Bermuda was 144.24 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Bermuda?
- The highest recorded value was 391.64 million constant LCU in 2019.
- What is the lowest terms of trade adjustment recorded in Bermuda?
- The lowest recorded value was -171.77 million constant LCU in 2022.
- How does Bermuda rank for terms of trade adjustment?
- Bermuda ranks 88th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Bermuda?
- Over the last ten years it is down 45.8%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.