Bermuda's exports of goods and services (current US$) was US$5.07 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 54.52% from US$3.28 billion in 2014 (4.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$5.07 billion | 2024 |
| Five years earlier | US$3.84 billion | 2019 |
| Ten years earlier | US$3.28 billion | 2014 |
| Highest | US$5.07 billion | 2024 |
| Lowest | US$3.22 billion | 2012 |
| Average since 2015 | US$3.81 billion | 2015–2024 |
| First recorded | US$3.37 billion |
What the numbers say
In 2024, Bermuda's exports of goods and services (current US$) rose 11.7% on 2023 (from US$4.54 billion to US$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 US$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 17th highest value of the 33 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.
| Value | Year | |
|---|---|---|
| Bermuda | US$5.07 billion | 2024 |
| World | US$34.89 trillion | 2025 |
| North America | US$3.96 trillion | 2024 |
| High income | US$24.41 trillion | 2025 |
Closest to Bermuda in the 2024 ranking
- Lebanon — 14th of 33: US$6.06 billion
- Bahamas, The — 15th of 33: US$5.98 billion
- Maldives — 16th of 33: US$5.52 billion
- Aruba — 18th of 33: US$3.58 billion
- Fiji — 19th of 33: US$3.25 billion
- Afghanistan — 20th of 33: US$2.79 billion
What this measures
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 15 values
| Year | Exports of goods and services (current US$) |
|---|---|
| 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 US$) in nearby economies
- Canada — US$726.88 billion (2025)
- United States — US$3.22 trillion (2024)
More economic policy & debt data for Bermuda
- GDP (current US$) — 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$116,514 (2024)
- GDP per capita (constant LCU) — 109,864 (2024)
- GDP (annual % growth) — 1.89% (2024)
- GDP per capita (annual % growth) — 1.99% (2024)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Bermuda's exports of goods and services (current US$)?
- US$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 US$3.37 billion in 2010 (2.96% a year on average, compounded). The highest value was US$5.07 billion in 2024 and the lowest US$3.22 billion in 2012.
- How does Bermuda rank?
- 17th highest of 33 economies with data for 2024.
- Is the latest change in exports of goods and services (current US$) unusual for Bermuda?
- In 2024, Bermuda's exports of goods and services (current US$) rose 11.7% on 2023 (from US$4.54 billion to US$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.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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