Bermuda: Terms of trade

* indicates monthly or quarterly data series
 Bermuda

Terms of trade, base year = 2000

 Latest value 156.81
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 92.05
 Min - Max 64.23 - 156.81
 Source The United Nations
For that indicator, we provide data for Bermuda from 2000 to 2021. The average value for Bermuda during that period was 92.05 percent with a minimum of 64.23 percent in 2012 and a maximum of 156.81 percent in 2021. The latest value from 2021 is 156.81 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Bermuda - Terms of trade - recent values

Historical chart
Bermuda - Terms of trade - historical chart - 2000-2021




The terms of trade for Bermuda are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.


 Related indicators Latest value Reference Measure
 Terms of trade 156.81 2021 percent
 Trade openness 78.29 2022 percent
 Exports, percent of GDP 52.32 2022 percent
 Exports, billion dollars 3.95 2022 billion U.S. dollars
 Growth of exports 8.22 2022 percent
 Imports, percent of GDP 25.97 2022 percent
 Imports, billion dollars 1.96 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.44 2022 percent
 Foreign Direct Investment, billion dollars -0.03 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1.29 2021 million dollars (current)
 Current account, in dollars 0.96 2021 billion U.S. dollars
 Trade balance, percent of GDP 26.37 2022 percent
 Trade balance, in dollars -0.79 2021 billion U.S. dollars
 Remittances, percent of GDP 23.85 2022 percent
 Remittances 1.62 2017 million U.S. dollars
 Net errors and omissions -93.08 2021 million USD
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