Bermuda: Import volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Bermuda's import volume index (2015 = 100) rose 18.3 on 2023 (from 104 to 122.3).

Across the 18 yearly changes before that (2006 to 2023), the average change was −1.17 and a typical year strayed about 10.79 from that (the standard deviation). This year's change was 1.8 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 18.3 in 2024 and the biggest yearly fall was 21.5 in 2009. 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 15% 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 88th highest value of the 203 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

• Greenland — 85th of 203: 123.5
• Zimbabwe — 86th of 203: 123.1
• Comoros — 87th of 203: 122.9
• Türkiye — 89th of 203: 122.3
• French Polynesia — 90th of 203: 121.9
• El Salvador — 91st of 203: 121.7

What this measures

Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Import volume index (2015 = 100) in nearby economies

• Canada — 114 (2024)
• United States — 127.5 (2024)

More trade data for Bermuda

• 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)
• Export value index (2015 = 100) — 350.8 (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 import volume index (2015 = 100)?

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

How has it changed since 2005?

It is down 2.16% from 125 in 2005 (0.11% a year on average, compounded). The highest value was 141.3 in 2007 and the lowest 84.7 in 2012.

How does Bermuda rank?

88th highest of 203 economies with data for 2024.

Is the latest change in import volume index (2015 = 100) unusual for Bermuda?

In 2024, Bermuda's import volume index (2015 = 100) rose 18.3 on 2023 (from 104 to 122.3). Across the 18 yearly changes before that (2006 to 2023), the average change was −1.17 and a typical year strayed about 10.79 from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TM.QTY.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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