Bermuda's exports of goods and services (current LCU) was 5.07 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 54.52% from 3.28 billion in 2014 (4.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.07 billion | 2024 |
| Five years earlier | 3.84 billion | 2019 |
| Ten years earlier | 3.28 billion | 2014 |
| Highest | 5.07 billion | 2024 |
| Lowest | 3.22 billion | 2012 |
| Average since 2015 | 3.81 billion | 2015–2024 |
| First recorded | 3.37 billion |
What the numbers say
In 2024, Bermuda's exports of goods and services (current LCU) rose 11.7% on 2023 (from 4.54 billion to 5.07 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +2.6% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 14.6% in 2023 and the biggest yearly fall was 15.5% 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 the straight-line trend is upward, about 150.56 million a year. A straight line explains 61% 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 29th highest value of the 34 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
- Aruba — 26th of 34: 6.41 billion
- Bahamas, The — 27th of 34: 5.98 billion
- Solomon Islands — 28th of 34: 5.43 billion
- Belize — 30th of 34: 3.54 billion
- Tonga — 31st of 34: 259.77 million
- Timor-Leste — 32nd of 34: 196.96 million
What this measures
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 15 values
| Year | Exports of goods and services (current LCU) |
|---|---|
| 2024 | 5,070,450,000 |
| 2023 | 4,538,654,000 |
| 2022 | 3,960,723,000 |
| 2021 | 3,491,937,000 |
| 2020 | 3,246,335,000 |
| 2019 | 3,841,155,000 |
| 2018 | 3,719,872,000 |
| 2017 | 3,466,748,000 |
| 2016 | 3,403,730,000 |
| 2015 | 3,325,330,000 |
Exports of goods and services (current LCU) in nearby economies
- Canada — 1.02 trillion (2025)
- United States — 3.22 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
Questions people ask
- What is Bermuda's exports of goods and services (current LCU)?
- 5.07 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 50.46% from 3.37 billion in 2010 (2.96% a year on average, compounded). The highest value was 5.07 billion in 2024 and the lowest 3.22 billion in 2012.
- How does Bermuda rank?
- 29th highest of 34 economies with data for 2024.
- Is the latest change in exports of goods and services (current LCU) unusual for Bermuda?
- In 2024, Bermuda's exports of goods and services (current LCU) rose 11.7% on 2023 (from 4.54 billion to 5.07 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +2.6% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.EXP.GNFS.CN, 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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