Bermuda: Export value index (2015 = 100)

Key figures

What the numbers say

In 2024, Bermuda's export value index (2015 = 100) rose 242.8 on 2023 (from 108 to 350.8).

Across the 18 yearly changes before that (2006 to 2023), the average change was −8.03 and a typical year strayed about 41.32 from that (the standard deviation). This year's change was 6.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 242.8 in 2024 and the biggest yearly fall was 109.9 in 2006. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 15.27 a year. A straight line explains 33% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Bermuda had the 10th highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Bermuda in the 2024 ranking

• Micronesia, Fed. Sts. — 7th of 204: 470
• Liberia — 8th of 204: 453.2
• Uganda — 9th of 204: 359.7
• Congo, Dem. Rep. — 11th of 204: 346.1
• Mongolia — 12th of 204: 338.3
• Naoero — 13th of 204: 317.9

What this measures

Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's export value indexes are reported for most economies.

All 20 values

Export value index (2015 = 100) in nearby economies

• Canada — 138.7 (2024)
• United States — 137.4 (2024)

More trade data for Bermuda

• Import volume index (2015 = 100) — 122.3 (2024)
• Import value index (2015 = 100) — 143.1 (2024)
• Net barter terms of trade index (2015 = 100) — 120.9 (2024)
• Export volume index (2015 = 100) — 247.9 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 21.42% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 23.35% (2022)
• Tariff rate, most favored nation, simple mean, primary products (%) — 29.13% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 19.74% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Bermuda's export value index (2015 = 100)?

350.8 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 38.88% from 252.6 in 2005 (1.74% a year on average, compounded). The highest value was 350.8 in 2024 and the lowest 46.2 in 2012.

How does Bermuda rank?

10th highest of 204 economies with data for 2024.

Is the latest change in export value index (2015 = 100) unusual for Bermuda?

In 2024, Bermuda's export value index (2015 = 100) rose 242.8 on 2023 (from 108 to 350.8). Across the 18 yearly changes before that (2006 to 2023), the average change was −8.03 and a typical year strayed about 41.32 from that (the standard deviation). This year's change was 6.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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