Bermuda: High-technology exports (% of manufactured exports)

Key figures

What the numbers say

In 2024, Bermuda's high-technology exports (% of manufactured exports) fell 0.64 percentage points on 2023 (from 14.94% to 14.3%).

Across the 11 yearly changes before that (2013 to 2023), the average change was +0.24 percentage points and a typical year strayed about 12.7 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 21.62 percentage points in 2016 and the biggest yearly fall was 27 percentage points in 2017. 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 downward, about 2.59 percentage points a year. A straight line explains 37% 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 41st highest value of the 119 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

• Canada — 38th of 119: 16.14%
• Greece — 39th of 119: 15.01%
• Montenegro — 40th of 119: 14.46%
• Poland — 42nd of 119: 13.51%
• Romania — 43rd of 119: 13.45%
• Bulgaria — 44th of 119: 13.43%

What this measures

High-technology exports are products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.

Limitations: The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 13 values

High-technology exports (% of manufactured exports) in nearby economies

• Canada — 16.14% (2024)
• United States — 24.32% (2024)

More infrastructure data for Bermuda

• Fixed telephone subscriptions — 28,177 (2024)
• Fixed telephone subscriptions (per 100 people) — 43.59 (2024)
• Mobile cellular subscriptions — 62,488 (2024)
• Mobile cellular subscriptions (per 100 people) — 96.68 (2024)
• Medium and high-tech exports (% manufactured exports) — 91.16% (2024)
• Individuals using the Internet (% of population) — 98.37% (2017)
• ICT service exports (BoP, current US$) — US$33.59 million (2025)
• ICT service exports (% of service exports, BoP) — 1.71% (2025)
• Liner shipping connectivity index (maximum value in 2004 = 100) — 1.79 (2021)

Reading data like this

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Questions people ask

What is Bermuda's high-technology exports (% of manufactured exports)?

14.3% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2012?

It is up 1.95 percentage points from 12.35% in 2012. The highest value was 48.79% in 2016 and the lowest 5.48% in 2020.

How does Bermuda rank?

41st highest of 119 economies with data for 2024.

Is the latest change in high-technology exports (% of manufactured exports) unusual for Bermuda?

In 2024, Bermuda's high-technology exports (% of manufactured exports) fell 0.64 percentage points on 2023 (from 14.94% to 14.3%). Across the 11 yearly changes before that (2013 to 2023), the average change was +0.24 percentage points and a typical year strayed about 12.7 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 TX.VAL.TECH.MF.ZS, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), uri: comtrade.un.org, publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB), uri: https://wits.worldbank.org/ 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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