Current account balance in Bermuda
Bermuda: Current account balance was 1.32 billion BoP, current US$ in 2023. ▲ Rising
Current account balance in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bermuda recorded 1.32 billion BoP, current US$ for current account balance in 2023. That is the highest value across all 18 years on record.
That represents a change of up 16.3% on the previous year and up 57.1% over ten years.
Over the whole period, current account balance in Bermuda peaked at 1.32 billion BoP, current US$ in 2023 and was at its lowest, 581.36 million BoP, current US$, in 2009.
Bermuda ranks 48th of 199 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 989.14 million BoP, current US$ | 581.36 million BoP, current US$ | 1.25 billion BoP, current US$ | 4 |
| 2010s | 860.55 million BoP, current US$ | 695.96 million BoP, current US$ | 942.90 million BoP, current US$ | 10 |
| 2020s | 1.07 billion BoP, current US$ | 853.85 million BoP, current US$ | 1.32 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 45 Malta 1.78 billion BoP, current US$ compare
- 46 Congo 1.72 billion BoP, current US$ compare
- 47 Nepal 1.68 billion BoP, current US$ compare
- 49 Trinidad and Tobago 1.25 billion BoP, current US$ compare
- 50 Sri Lanka 1.21 billion BoP, current US$ compare
- 51 Honduras 935.70 million BoP, current US$ compare
More economy & growth data for Bermuda
- Exports of goods and services 11.0% (2024)
- Gross national expenditure 6.07 billion current LCU (2024)
- Gross national expenditure 4.88 billion constant 2015 US$ (2024)
- Services, value added 8.40 billion current US$ (2024)
- Gross national expenditure 66.1% (2024)
- Exports of goods and services 5.07 billion current US$ (2024)
- Exports of goods and services 5.07 billion current LCU (2024)
- Exports of goods and services 3.99 billion constant 2015 US$ (2024)
- Gross fixed capital formation 872.17 million constant 2015 US$ (2024)
- Gross fixed capital formation 1.01 billion current LCU (2024)
Frequently asked questions
- What is current account balance in Bermuda?
- Current account balance in Bermuda was 1.32 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Bermuda?
- The highest recorded value was 1.32 billion BoP, current US$ in 2023.
- What is the lowest current account balance recorded in Bermuda?
- The lowest recorded value was 581.36 million BoP, current US$ in 2009.
- How does Bermuda rank for current account balance?
- Bermuda ranks 48th out of 199 countries with data for 2023.
- Is current account balance rising or falling in Bermuda?
- Over the last ten years it is up 57.1%. The long-run trend across the full record is rising.
- 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 Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.