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Bermuda Trade (% GDP)

Bermuda's trade (% GDP) rose to 80.52% in 2024, up from 73.59% in 2023, according to World Bank. This represents an increase of 6.93% from the previous year. Bermuda has trade (% GDP) lower than the global median (80.52% vs median 84.49%). Compared with the median in Americas, Bermuda is higher (80.52% vs regional median 78.04%) and ranks 15th out of 32 countries in Americas.

Yearly Historical Data (2010-2024)

(in %)
Year Trade (% GDP)
2024 80.52%
2023 73.59%
2022 75.2%
2021 71.41%
2020 69.19%
2019 77.56%
2018 77.56%
2017 72.39%
2016 72.75%
2015 73.3%
2014 76.52%
2013 76.27%
2012 73.78%
2011 76.27%
2010 74.6%
Bermuda Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Bermuda divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $22.28M $33.53M 2023
Annual Imports $1.18B $1.19B 2023
Exports (% GDP) 56.31% 50.23% 2024
FDI Inflows (% GDP) 1.76% 0.07% 2023
Imports (% GDP) 24.21% 23.36% 2024
Net Trade (Goods & Services, BoP) -$701.16M -$809.91M 2023
Tariff Rate 22.29% 22.24% 2022