Service exports in Bermuda
Bermuda: Service exports was 1.59 billion BoP, current US$ in 2023. ▼ Falling
Service exports in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, service exports in Bermuda stood at 1.59 billion BoP, current US$.
That represents a change of up 12.8% on the previous year and up 15.1% over ten years.
Over the whole period, service exports in Bermuda peaked at 1.61 billion BoP, current US$ in 2007 and was at its lowest, 1.02 billion BoP, current US$, in 2020.
Bermuda ranks 119th of 199 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.50 billion BoP, current US$ | 1.33 billion BoP, current US$ | 1.61 billion BoP, current US$ | 4 |
| 2010s | 1.40 billion BoP, current US$ | 1.24 billion BoP, current US$ | 1.59 billion BoP, current US$ | 10 |
| 2020s | 1.28 billion BoP, current US$ | 1.02 billion BoP, current US$ | 1.59 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 116 Laos 1.73 billion BoP, current US$ compare
- 117 Seychelles 1.71 billion BoP, current US$ compare
- 118 Mongolia 1.60 billion BoP, current US$ compare
- 120 Sudan 1.55 billion BoP, current US$ compare
- 121 Curacao 1.55 billion BoP, current US$ compare
- 122 Madagascar 1.53 billion 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 service exports in Bermuda?
- Service exports in Bermuda was 1.59 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Bermuda?
- The highest recorded value was 1.61 billion BoP, current US$ in 2007.
- What is the lowest service exports recorded in Bermuda?
- The lowest recorded value was 1.02 billion BoP, current US$ in 2020.
- How does Bermuda rank for service exports?
- Bermuda ranks 119th out of 199 countries with data for 2023.
- Is service exports rising or falling in Bermuda?
- Over the last ten years it is up 15.1%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. 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.