Bermuda: Trade openness
* indicates monthly or quarterly data series
| Bermuda |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 80.21 |
| Year | 2024 |
| Measure | percent |
| Data availability | 2010 - 2024 |
| Average | 75.36 |
| Min - Max | 70.59 - 80.21 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 80.21 percent, an increase from 77.65 percent in 2023. In comparison, the world average is 90.58 percent, based on data from 166 countries. Historically, the average for Bermuda from 2010 to 2024 is 75.36 percent. The minimum value, 70.59 percent, was reached in 2020 while the maximum of 80.21 percent was recorded in 2024.
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* indicates monthly or quarterly data series
| Recent values | Bermuda: Trade openness |
|---|---|
| 2024 | 80.21 |
| 2023 | 77.65 |
| 2022 | 77.98 |
| 2021 | 72.93 |
| 2020 | 70.59 |
| 2019 | 77.56 |
| 2018 | 77.56 |
| 2017 | 72.39 |
Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 120.90 | 2024 | percent |
| Trade openness | 80.21 | 2024 | percent |
| Exports, percent of GDP | 55.15 | 2024 | percent |
| Exports, billion dollars | 5.07 | 2024 | billion U.S. dollars |
| Growth of exports | 10.97 | 2024 | percent |
| Imports, percent of GDP | 25.06 | 2024 | percent |
| Imports, billion dollars | 2.30 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.28 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.12 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -94.72 | 2023 | million dollars (current) |
| Current account, percent of GDP | 15.35 | 2023 | percent |
| Current account, in dollars | 1.32 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 30.09 | 2024 | percent |
| Trade balance, in dollars | -0.70 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 23.72 | 2023 | percent |
| Remittances | 2,035.32 | 2023 | million U.S. dollars |
| Net errors and omissions | -370.23 | 2023 | million USD |