External balance on goods and services in Bermuda
Bermuda: External balance on goods and services was 2.77 billion current LCU in 2024. ▲ Rising
External balance on goods and services in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for external balance on goods and services in Bermuda is 2.77 billion current LCU, measured in 2024. That is the highest value across all 15 years on record.
That represents a change of up 15.4% on the previous year and up 67.1% over ten years.
Over the whole period, external balance on goods and services in Bermuda peaked at 2.77 billion current LCU in 2024 and was at its lowest, 1.63 billion current LCU, in 2020.
That places Bermuda 67th out of 192 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.78 billion current LCU | 1.66 billion current LCU | 1.92 billion current LCU | 10 |
| 2020s | 2.07 billion current LCU | 1.63 billion current LCU | 2.77 billion current LCU | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Exports of goods and services 5.07 billion current LCU (2024)
- Services, value added 8.40 billion current US$ (2024)
- Gross national expenditure 6.07 billion current US$ (2024)
- Gross national expenditure 6.07 billion current LCU (2024)
- Gross national expenditure 4.88 billion constant 2015 US$ (2024)
- Industry (including construction), value added 4.9% (2024)
- Gross national expenditure 66.1% (2024)
- Exports of goods and services 5.07 billion current US$ (2024)
- Gross fixed capital formation 1.01 billion current US$ (2024)
- Exports of goods and services 55.1% (2024)
Frequently asked questions
- What is external balance on goods and services in Bermuda?
- External balance on goods and services in Bermuda was 2.77 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Bermuda?
- The highest recorded value was 2.77 billion current LCU in 2024.
- What is the lowest external balance on goods and services recorded in Bermuda?
- The lowest recorded value was 1.63 billion current LCU in 2020.
- How does Bermuda rank for external balance on goods and services?
- Bermuda ranks 67th out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Bermuda?
- Over the last ten years it is up 67.1%. The long-run trend across the full record is rising.
- 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 External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.