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 |
The latest value from 2022 is 26.37 percent, an increase from 25.99 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for Bermuda from 2010 to 2022 is 26.29 percent. The minimum value, 24.68 percent, was reached in 2017 while the maximum of 28.81 percent was recorded in 2011.
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* indicates monthly or quarterly data series
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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).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 156.81 | 2021 | percent |
| Trade openness | 75.51 | 2022 | percent |
| Exports, percent of GDP | 50.46 | 2022 | percent |
| Exports, billion dollars | 3.95 | 2022 | billion U.S. dollars |
| Growth of exports | 9.82 | 2022 | percent |
| Imports, percent of GDP | 25.05 | 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 | 22.99 | 2022 | percent |
| Remittances | 1,800.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -93.08 | 2021 | million USD |