Bermuda: Trade (% of GDP)
In , Bermuda's Trade (% of GDP) was 75.29.
That's up 2.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Bermuda ranks #89 globally out of 160 reporting countries. Within North America, it ranks #1 of 3.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2010–2024)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 77.56
- Trough
- 69.19
- 1-year change
- +2.3%
- 5-year change
- -2.9%
- -0.6% / yr
- 10-year change
- -1.6%
- -0.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 75.2902 | |
| 73.5909 | |
| 75.1972 | |
| 71.4082 | |
| 69.1937 | |
| 77.5601 | |
| 77.5553 | |
| 72.3924 | |
| 72.7499 | |
| 73.2955 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Bermuda's Trade (% of GDP) in 2024?
- In 2024, Bermuda's Trade (% of GDP) was 75.29, according to World Bank Open Data.
- Is Bermuda's Trade (% of GDP) rising or falling?
- Bermuda's Trade (% of GDP) rose 2.3% from 2023 to 2024.
- How does Bermuda rank globally on Trade (% of GDP)?
- In 2024, Bermuda ranked #89 out of 160 countries reporting Trade (% of GDP).
- How does Bermuda's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Bermuda is below the world average. Within North America, it ranks #1 of 3.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.