Bermuda: International tourism, expenditures (% of total imports)

Key figures

What the numbers say

In 2020, Bermuda's international tourism, expenditures (% of total imports) fell 3.08 percentage points on 2019 (from 15.38% to 12.3%).

Across the 13 yearly changes before that (2007 to 2019), the average change was −0.37 percentage points and a typical year strayed about 1.49 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below 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 2.43 percentage points in 2014 and the biggest yearly fall was 3.08 percentage points 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 2011 to 2020 the straight-line trend is downward, about 0.51 percentage points a year. A straight line explains 43% 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 2020, Bermuda had the 9th highest value of the 127 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 2020 ranking

• Albania — 5th of 127: 14.19%
• Lesotho — 6th of 127: 13.92%
• Comoros — 7th of 127: 12.51%
• Tonga — 9th of 127: 12.07%
• Lebanon — 10th of 127: 11.17%
• Cameroon — 11th of 127: 9.66%

What this measures

International tourism expenditures are expenditures of international outbound visitors in other countries, including payments to foreign carriers for international transport. These expenditures may include those by residents traveling abroad as same-day visitors, except in cases where these are important enough to justify separate classification. For some countries they do not include expenditures for passenger transport items. Their share in imports is calculated as a ratio to imports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services.

Limitations: Tourism can be either domestic or international. The data refers to international tourism, where the traveler's country of residence differs from the visiting country. International tourism consists of inbound (arrival) and outbound (departures) tourism. The data are from the World Tourism Organization (WTO), a United Nations agency. The data on inbound and outbound tourists refer to the number of arrivals and departures, not to the number of people traveling. Expenditure associated with the activity of international visitors has been traditionally identified with the travel item of the Balance of Payments (BOP).

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

All 15 values

International tourism, expenditures (% of total imports) in nearby economies

• United States — 1.74% (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Bermuda's international tourism, expenditures (% of total imports)?

12.3% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 7.84 percentage points from 20.14% in 2006. The highest value was 20.86% in 2008 and the lowest 12.3% in 2020.

How does Bermuda rank?

9th highest of 127 economies with data for 2020.

Is the latest change in international tourism, expenditures (% of total imports) unusual for Bermuda?

In 2020, Bermuda's international tourism, expenditures (% of total imports) fell 3.08 percentage points on 2019 (from 15.38% to 12.3%). Across the 13 yearly changes before that (2007 to 2019), the average change was −0.37 percentage points and a typical year strayed about 1.49 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below 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 ST.INT.XPND.MP.ZS, licensed CC BY 4.0. Original source: Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism; IMF imports estimates, International Monetary Fund (IMF); World Bank imports 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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