Service imports in Bermuda
Bermuda: Service imports was 1.08 billion BoP, current US$ in 2023. ▬ Flat
Service imports in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bermuda recorded 1.08 billion BoP, current US$ for service imports in 2023.
The figure is up 8.7% on the previous year and up 21.0% over ten years.
Over the whole period, service imports in Bermuda peaked at 1.12 billion BoP, current US$ in 2007 and was at its lowest, 796.49 million BoP, current US$, in 2020.
That places Bermuda 149th out of 199 countries with data for 2023, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.00 billion BoP, current US$ | 861.92 million BoP, current US$ | 1.12 billion BoP, current US$ | 4 |
| 2010s | 964.24 million BoP, current US$ | 888.31 million BoP, current US$ | 1.10 billion BoP, current US$ | 10 |
| 2020s | 928.95 million BoP, current US$ | 796.49 million BoP, current US$ | 1.08 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 146 Tajikistan 1.14 billion BoP, current US$ compare
- 147 New Caledonia 1.11 billion BoP, current US$ compare
- 148 Afghanistan 1.11 billion BoP, current US$ compare
- 150 Mauritania 1.05 billion BoP, current US$ compare
- 151 Andorra 1.04 billion BoP, current US$ compare
- 152 Niger 1.03 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 imports in Bermuda?
- Service imports in Bermuda was 1.08 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 imports recorded in Bermuda?
- The highest recorded value was 1.12 billion BoP, current US$ in 2007.
- What is the lowest service imports recorded in Bermuda?
- The lowest recorded value was 796.49 million BoP, current US$ in 2020.
- How does Bermuda rank for service imports?
- Bermuda ranks 149th out of 199 countries with data for 2023.
- Is service imports rising or falling in Bermuda?
- Over the last ten years it is up 21.0%. The long-run trend across the full record is flat.
- 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to 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.