Transport services in Bermuda
Bermuda: Transport services was 3.1% in 2023. ▼ Falling
Transport services in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Bermuda recorded 3.1% for transport services in 2023.
That represents a change of up 29.6% on the previous year and up 1.2% over ten years.
Over the whole period, transport services in Bermuda peaked at 4.6% in 2008 and was at its lowest, 2.4%, in 2022.
Bermuda ranks 181st of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Transport services in Bermuda, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2006 | 3.5% | — |
| 2007 | 4.4% | +26.2% |
| 2008 | 4.6% | +4.9% |
| 2009 | 4.0% | -12.2% |
| 2010 | 2.6% | -35.1% |
| 2011 | 2.8% | +6.5% |
| 2012 | 3.2% | +15.2% |
| 2013 | 3.1% | -3.8% |
| 2014 | 2.5% | -19.9% |
| 2015 | 2.8% | +14.2% |
| 2016 | 2.7% | -3.5% |
| 2017 | 2.6% | -5.3% |
| 2018 | 2.7% | +5.2% |
| 2019 | 3.6% | +33.1% |
| 2020 | 3.9% | +8.2% |
| 2021 | 4.0% | +2.8% |
| 2022 | 2.4% | -40.1% |
| 2023 | 3.1% | +29.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.1% | 3.5% | 4.6% | 4 |
| 2010s | 2.9% | 2.5% | 3.6% | 10 |
| 2020s | 3.4% | 2.4% | 4.0% | 4 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0016 constant LCU per US$ of GDP (2024)
- Manufacturing, value added (constant LCU), per capita 427.72 constant LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per capita 454.57 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0032 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 441.32 current LCU per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.0031 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 441.32 current US$ per person (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0031 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 221.39 constant LCU per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0018 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is transport services in Bermuda?
- Transport services in Bermuda was 3.1% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Bermuda?
- The highest recorded value was 4.6% in 2008.
- What is the lowest transport services recorded in Bermuda?
- The lowest recorded value was 2.4% in 2022.
- How does Bermuda rank for transport services?
- Bermuda ranks 181st out of 198 countries with data for 2023.
- Is transport services rising or falling in Bermuda?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Transport services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.