Trade in Bermuda
Bermuda: Trade was 80.2% in 2024. ▬ Flat
Trade in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, trade in Bermuda stood at 80.2%. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 3.3% on the previous year and up 4.8% over ten years.
Over the whole period, trade in Bermuda peaked at 80.2% in 2024 and was at its lowest, 70.6%, in 2020.
Bermuda ranks 98th of 192 countries on this measure, in the middle of the range.
Trade in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 74.6% | — |
| 2011 | 76.3% | +2.2% |
| 2012 | 73.8% | -3.3% |
| 2013 | 76.3% | +3.4% |
| 2014 | 76.5% | +0.3% |
| 2015 | 73.3% | -4.2% |
| 2016 | 72.7% | -0.7% |
| 2017 | 72.4% | -0.5% |
| 2018 | 77.6% | +7.1% |
| 2019 | 77.6% | +0.0% |
| 2020 | 70.6% | -9.0% |
| 2021 | 72.9% | +3.3% |
| 2022 | 78.0% | +6.9% |
| 2023 | 77.6% | -0.4% |
| 2024 | 80.2% | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 75.1% | 72.4% | 77.6% | 10 |
| 2020s | 75.9% | 70.6% | 80.2% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross domestic savings (current LCU), per capita 63,986 current LCU per person (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.4498 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), annual growth rate 10.52 % change on previous year (2024)
- Gross domestic savings (current US$), per capita 63,986 current US$ 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$), annual growth rate 10.52 % change on previous year (2024)
- GDP (constant LCU), per capita 109,864 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.7723 constant LCU per US$ of GDP (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 116,514 constant 2015 US$ per person (2024)
Frequently asked questions
- What is trade in Bermuda?
- Trade in Bermuda was 80.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Bermuda?
- The highest recorded value was 80.2% in 2024.
- What is the lowest trade recorded in Bermuda?
- The lowest recorded value was 70.6% in 2020.
- How does Bermuda rank for trade?
- Bermuda ranks 98th out of 192 countries with data for 2024.
- Is trade rising or falling in Bermuda?
- Over the last ten years it is up 4.8%. The long-run trend across the full record is flat.
- 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 Trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.