Reserves and related items in Bermuda
Bermuda: Reserves and related items was -6.63 million BoP, current US$ in 2023. ◆ Volatile
Reserves and related items in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for reserves and related items in Bermuda is -6.63 million BoP, current US$, measured in 2023.
The figure is down 106.4% on the previous year and down 180.2% over ten years.
Over the whole period, reserves and related items in Bermuda peaked at 40.73 million BoP, current US$ in 2021 and was at its lowest, -15.18 million BoP, current US$, in 2014.
That places Bermuda 132nd out of 194 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.74 million BoP, current US$ | -5.35 million BoP, current US$ | 17.81 million BoP, current US$ | 4 |
| 2010s | 4.03 million BoP, current US$ | -15.18 million BoP, current US$ | 21.11 million BoP, current US$ | 10 |
| 2020s | 12.10 million BoP, current US$ | -6.63 million BoP, current US$ | 40.73 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 129 Nauru 3.87 million BoP, current US$ compare
- 130 Palau -2.01 BoP, current US$ compare
- 131 Equatorial Guinea -5.46 million BoP, current US$ compare
- 133 Comoros -7.66 million BoP, current US$ compare
- 134 Bhutan -9.81 million BoP, current US$ compare
- 135 Saint Kitts and Nevis -14.61 million BoP, current US$ compare
More economy & growth data for Bermuda
- Exports of goods and services 3.99 billion constant 2015 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)
- Exports of goods and services 5.07 billion current LCU (2024)
- Gross fixed capital formation 1.01 billion current LCU (2024)
- Gross fixed capital formation 1.01 billion current US$ (2024)
Frequently asked questions
- What is reserves and related items in Bermuda?
- Reserves and related items in Bermuda was -6.63 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest reserves and related items recorded in Bermuda?
- The highest recorded value was 40.73 million BoP, current US$ in 2021.
- What is the lowest reserves and related items recorded in Bermuda?
- The lowest recorded value was -15.18 million BoP, current US$ in 2014.
- How does Bermuda rank for reserves and related items?
- Bermuda ranks 132nd out of 194 countries with data for 2023.
- Is reserves and related items rising or falling in Bermuda?
- Over the last ten years it is down 180.2%. The long-run trend across the full record is volatile.
- 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 Reserves and related items (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency.Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. 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.