Bermuda: Imports of goods and services (% of GDP)
In , Bermuda's Imports of goods and services (% of GDP) was 23.15.
That's down 0.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Bermuda ranks #135 globally out of 160 reporting countries. Within North America, it ranks #2 of 3.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2010–2024)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 26.08
- Trough
- 22.06
- 1-year change
- -0.9%
- 5-year change
- -10.3%
- -2.2% / yr
- 10-year change
- -8.7%
- -0.9% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 23.1459 | |
| 23.3596 | |
| 24.8984 | |
| 23.5080 | |
| 22.0590 | |
| 25.8167 | |
| 26.0761 | |
| 23.8543 | |
| 23.4199 | |
| 23.3247 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Bermuda's Imports of goods and services (% of GDP) in 2024?
- In 2024, Bermuda's Imports of goods and services (% of GDP) was 23.15, according to World Bank Open Data.
- Is Bermuda's Imports of goods and services (% of GDP) rising or falling?
- Bermuda's Imports of goods and services (% of GDP) fell 0.9% from 2023 to 2024.
- How does Bermuda rank globally on Imports of goods and services (% of GDP)?
- In 2024, Bermuda ranked #135 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Bermuda's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Bermuda is below the world average. Within North America, it ranks #2 of 3.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.