Travel services in Bermuda
Bermuda: Travel services was 33.2% in 2023. ▼ Falling
Travel 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
The most recent figure for travel services in Bermuda is 33.2%, measured in 2023.
Compared with earlier readings it is up 17.2% on the previous year and up 4.2% over ten years.
Over the whole period, travel services in Bermuda peaked at 37.9% in 2019 and was at its lowest, 9.2%, in 2020.
That places Bermuda 106th out of 198 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Travel services in Bermuda, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2006 | 31.1% | — |
| 2007 | 35.4% | +14.0% |
| 2008 | 29.4% | -17.0% |
| 2009 | 27.6% | -6.1% |
| 2010 | 31.6% | +14.4% |
| 2011 | 33.8% | +7.1% |
| 2012 | 31.7% | -6.1% |
| 2013 | 31.9% | +0.4% |
| 2014 | 30.1% | -5.4% |
| 2015 | 29.9% | -0.9% |
| 2016 | 34.0% | +14.0% |
| 2017 | 37.3% | +9.5% |
| 2018 | 37.2% | -0.2% |
| 2019 | 37.9% | +1.8% |
| 2020 | 9.2% | -75.7% |
| 2021 | 12.7% | +37.9% |
| 2022 | 28.3% | +123.4% |
| 2023 | 33.2% | +17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.9% | 27.6% | 35.4% | 4 |
| 2010s | 33.5% | 29.9% | 37.9% | 10 |
| 2020s | 20.9% | 9.2% | 33.2% | 4 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -0.1534 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 15.37 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.8174 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0018 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 253.44 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 233.62 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0016 constant LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -0.1535 % change on previous year (2024)
- External balance on goods and services (current US$), annual growth 15.37 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0016 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is travel services in Bermuda?
- Travel services in Bermuda was 33.2% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Bermuda?
- The highest recorded value was 37.9% in 2019.
- What is the lowest travel services recorded in Bermuda?
- The lowest recorded value was 9.2% in 2020.
- How does Bermuda rank for travel services?
- Bermuda ranks 106th out of 198 countries with data for 2023.
- Is travel services rising or falling in Bermuda?
- Over the last ten years it is up 4.2%. 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 Travel 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
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.