Travel services in Bermuda
Bermuda: Travel services was 25.0% 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 imports, BoP.
Analysis
In 2023, travel services in Bermuda stood at 25.0%.
Compared with earlier readings it is up 0.5% on the previous year and up 1.0% over ten years.
Over the whole period, travel services in Bermuda peaked at 31.2% in 2006 and was at its lowest, 23.2%, in 2018.
That places Bermuda 63rd 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 imports, BoP | Change |
|---|---|---|
| 2006 | 31.2% | — |
| 2007 | 25.9% | -17.0% |
| 2008 | 29.4% | +13.8% |
| 2009 | 29.9% | +1.7% |
| 2010 | 29.7% | -0.8% |
| 2011 | 24.1% | -18.8% |
| 2012 | 24.6% | +2.0% |
| 2013 | 24.8% | +0.7% |
| 2014 | 26.7% | +7.9% |
| 2015 | 27.5% | +2.9% |
| 2016 | 26.4% | -4.1% |
| 2017 | 26.8% | +1.8% |
| 2018 | 23.2% | -13.7% |
| 2019 | 24.6% | +6.1% |
| 2020 | 24.0% | -2.2% |
| 2021 | 24.0% | -0.2% |
| 2022 | 24.9% | +3.7% |
| 2023 | 25.0% | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.1% | 25.9% | 31.2% | 4 |
| 2010s | 25.8% | 23.2% | 29.7% | 10 |
| 2020s | 24.5% | 24.0% | 25.0% | 4 |
Countries ranked near Bermuda
- 60 Bolivia, Plurinational State of 25.5% compare
- 61 Canada 25.3% compare
- 62 Belize 25.1% compare
- 64 San Marino 25.0% compare
- 65 United Kingdom of Great Britain and Northern Ireland 24.9% compare
- 66 Pakistan 24.8% compare
More economy & growth data for Bermuda
- Imports of goods and services (constant 2015 US$), annual growth rate 4.57 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.2506 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 35,647 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 7.63 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.2506 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 35,647 current LCU per person (2024)
- Imports of goods and services (constant 2015 US$), per capita 26,786 constant 2015 US$ per person (2024)
- External balance on goods and services (current LCU), annual growth 15.37 % change on previous year (2024)
- External balance on goods and services (current US$), annual growth 15.37 % change on previous year (2024)
- Imports of goods and services (current US$), annual growth rate 7.63 % change on previous year (2024)
Frequently asked questions
- What is travel services in Bermuda?
- Travel services in Bermuda was 25.0% 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 31.2% in 2006.
- What is the lowest travel services recorded in Bermuda?
- The lowest recorded value was 23.2% in 2018.
- How does Bermuda rank for travel services?
- Bermuda ranks 63rd out of 198 countries with data for 2023.
- Is travel services rising or falling in Bermuda?
- Over the last ten years it is up 1.0%. 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 imports, 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 imports which are services provided by non-residents to residents.