Bermuda: Exports as a capacity to import (constant LCU)

Key figures

What the numbers say

In 2024, Bermuda's exports as a capacity to import (constant LCU) rose 8.5% on 2023 (from 3.83 billion to 4.15 billion).

Across the 9 yearly changes before that (2015 to 2023), the average change was +1.6% and a typical year strayed about 10.7% from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 18.6% in 2023 and the biggest yearly fall was 21.1% in 2020. 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 21st highest value of the 29 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

• Zimbabwe — 18th of 29: 12.12 billion
• Solomon Islands — 19th of 29: 5.09 billion
• Bahamas, The — 20th of 29: 4.64 billion
• Cuba — 22nd of 29: 3.73 billion
• Belize — 23rd of 29: 3.11 billion
• Tajikistan — 24th of 29: 974.72 million

What this measures

Exports as a capacity to import equals the current price value of exports of goods and services deflated by the import price index. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 11 values

Exports as a capacity to import (constant LCU) in nearby economies

• Canada — 810.49 billion (2025)
• United States — 2.83 trillion (2024)

More economic policy & debt data for Bermuda

• GDP (current US$) — US$9.19 billion (2024)
• GDP (current LCU) — 9.19 billion (2024)
• GDP (constant 2015 US$) — US$7.53 billion (2024)
• GDP (constant LCU) — 7.1 billion (2024)
• GDP per capita (current US$) — US$142,250 (2024)
• GDP per capita (current LCU) — 142,250 (2024)
• GDP per capita (constant 2015 US$) — US$116,514 (2024)
• GDP per capita (constant LCU) — 109,864 (2024)
• GDP (annual % growth) — 1.89% (2024)
• GDP per capita (annual % growth) — 1.99% (2024)
• Adjusted savings, education expenditure (% of GNI)

Reading data like this

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Questions people ask

What is Bermuda's exports as a capacity to import (constant LCU)?

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

How has it changed since 2014?

It is up 19.84% from 3.47 billion in 2014 (1.83% a year on average, compounded). The highest value was 4.15 billion in 2024 and the lowest 2.91 billion in 2020.

How does Bermuda rank?

21st highest of 29 economies with data for 2024.

Is the latest change in exports as a capacity to import (constant LCU) unusual for Bermuda?

In 2024, Bermuda's exports as a capacity to import (constant LCU) rose 8.5% on 2023 (from 3.83 billion to 4.15 billion). Across the 9 yearly changes before that (2015 to 2023), the average change was +1.6% and a typical year strayed about 10.7% from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.EXP.CAPM.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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