Trade as a share of GDP in Bermuda

Bermuda: Trade as a share of GDP was 80.2% in 2024. ▬ Flat

Latest (2024)
80.2%
Change on year
up 3.3%
World rank
97th
of 191 countries
All-time high
80.2%
in 2024
All-time low
70.6%
in 2020
Years of data
15
2010–2024

Trade as a share of GDP in Bermuda, 2010–2024

0204060802010201720242010: 74.6 % of GDP2011: 76.3 % of GDP2012: 73.8 % of GDP2013: 76.3 % of GDP2014: 76.5 % of GDP2015: 73.3 % of GDP2016: 72.7 % of GDP2017: 72.4 % of GDP2018: 77.6 % of GDP2019: 77.6 % of GDP2020: 70.6 % of GDP2021: 72.9 % of GDP2022: 78 % of GDP2023: 77.6 % of GDP2024: 80.2 % of GDP

Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.

Analysis

The most recent figure for trade as a share of gdp in Bermuda is 80.2%, measured in 2024. That is the highest value across all 15 years on record.

Compared with earlier readings it is up 3.3% on the previous year and up 4.8% over ten years.

Over the whole period, trade as a share of gdp in Bermuda peaked at 80.2% in 2024 and was at its lowest, 70.6%, in 2020.

That places Bermuda 97th out of 191 countries with data for 2024, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 75.1% 72.4% 77.6% 10
2020s 75.9% 70.6% 80.2% 5

Countries ranked near Bermuda

  1. 94 Finland 83.4% compare
  2. 95 Iceland 82.5% compare
  3. 96 Lebanon 82.2% compare
  4. 98 Mexico 79.9% compare
  5. 99 Azerbaijan 79.8% compare
  6. 100 Albania 79.5% compare

See the full ranking of 191 places →

More economy & growth data for Bermuda

All data for Bermuda →

Frequently asked questions

What is trade as a share of gdp in Bermuda?
Trade as a share of gdp in Bermuda was 80.2% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
What is the highest trade as a share of gdp recorded in Bermuda?
The highest recorded value was 80.2% in 2024.
What is the lowest trade as a share of gdp recorded in Bermuda?
The lowest recorded value was 70.6% in 2020.
How does Bermuda rank for trade as a share of gdp?
Bermuda ranks 97th out of 191 countries with data for 2024.
Is trade as a share of gdp rising or falling in Bermuda?
Over the last ten years it is up 4.8%. The long-run trend across the full record is flat.
Where does this Bermuda data come from?
The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Trade as a share of GDP. Statizoid updates them automatically from the source API.

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About this data

Indicator
Trade as a share of GDP
Unit
% of GDP
Source
National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
191 places, 9,006 data points, 1960–2025
Last refreshed

Trade in goods and services as a share of GDP, shown as a percentage.