Bermuda's international tourism, expenditures for travel items (current US$) was US$191 million in 2020, the latest year in the World Bank's World Development Indicators. That is down 36.54% from US$301 million in 2010 (4.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$191 million | 2020 |
| Five years earlier | US$244 million | 2015 |
| Ten years earlier | US$301 million | 2010 |
| Highest | US$307 million | 2008 |
| Lowest | US$191 million | 2020 |
| Average since 2011 | US$238 million | 2011–2020 |
| First recorded | US$243 million |
What the numbers say
In 2020, Bermuda's international tourism, expenditures for travel items (current US$) fell 27.7% on 2019 (from US$264 million to US$191 million).
Across the 17 yearly changes before that (2003 to 2019), the average change was +1.1% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 18.9% in 2014 and the biggest yearly fall was 28.2% in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 there is no clear straight-line trend: a straight line explains 3% 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 2020, Bermuda had the 99th highest value of the 155 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$191 million | 2020 |
| World | US$1.4 trillion | 2019 |
| North America | US$169.33 billion | 2019 |
| High income | US$861.88 billion | 2019 |
Closest to Bermuda in the 2020 ranking
- Côte d'Ivoire — 96th of 155: US$205 million
- Mauritius — 97th of 155: US$205 million
- Congo, Dem. Rep. — 98th of 155: US$204 million
- Georgia — 100th of 155: US$180 million
- Cambodia — 101st of 155: US$169 million
- Honduras — 102nd of 155: US$163 million
What this measures
International tourism expenditures are expenditures of international outbound visitors in other countries. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These may include expenditures by residents traveling abroad as same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 19 values
| Year | International tourism, expenditures for travel items (current US$) |
|---|---|
| 2020 | 191,000,000 |
| 2019 | 264,000,000 |
| 2018 | 254,000,000 |
| 2017 | 255,000,000 |
| 2016 | 249,000,000 |
| 2015 | 244,000,000 |
| 2014 | 264,000,000 |
| 2013 | 222,000,000 |
| 2012 | 221,000,000 |
| 2011 | 216,000,000 |
International tourism, expenditures for travel items (current US$) in nearby economies
- Canada — US$12.08 billion (2020)
- United States — US$35.81 billion (2020)
More private sector & trade data for Bermuda
- Merchandise imports from high-income economies (% of total merchandise imports) — 96.63% (2023)
- Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 1.32% (2023)
- Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 0.38% (2023)
- Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 2.05% (2023)
- Merchandise imports by the reporting economy (current US$) — US$1.43 billion (2023)
- Merchandise exports to high-income economies (% of total merchandise exports) — 71.84% (2023)
- Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Reading data like this
Questions people ask
- What is Bermuda's international tourism, expenditures for travel items (current US$)?
- US$191 million in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is down 21.4% from US$243 million in 2002 (1.33% a year on average, compounded). The highest value was US$307 million in 2008 and the lowest US$191 million in 2020.
- How does Bermuda rank?
- 99th highest of 155 economies with data for 2020.
- Is the latest change in international tourism, expenditures for travel items (current US$) unusual for Bermuda?
- In 2020, Bermuda's international tourism, expenditures for travel items (current US$) fell 27.7% on 2019 (from US$264 million to US$191 million). Across the 17 yearly changes before that (2003 to 2019), the average change was +1.1% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator ST.INT.TVLX.CD, licensed CC BY 4.0. Original source: Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism 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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