Bermuda: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Bermuda

Trade balance as percent of GDP

 Latest value 26.37
 Year 2022
 Measure percent
 Data availability 2010 - 2022
 Average 26.29
 Min - Max 24.68 - 28.81
 Source The World Bank
For that indicator, we provide data for Bermuda from 2010 to 2022. The average value for Bermuda during that period was 26.29 percent with a minimum of 24.68 percent in 2017 and a maximum of 28.81 percent in 2011. The latest value from 2022 is 26.37 percent. For comparison, the world average in 2022 based on 149 countries is -4.42 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 - Trade balance, percent of GDP - recent values

Historical chart
Bermuda - Trade balance, percent of GDP - historical chart - 2010-2022




The trade balance for Bermuda and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).


 Related indicators Latest value Reference Measure
 Terms of trade 156.81 2021 percent
 Trade openness 78.33 2022 percent
 Exports, percent of GDP 52.35 2022 percent
 Exports, billion dollars 3.95 2022 billion U.S. dollars
 Growth of exports 8.22 2022 percent
 Imports, percent of GDP 25.98 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 1,800.00 2022 million U.S. dollars
 Net errors and omissions -93.08 2021 million USD
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