Bermuda: International tourism, receipts (current US$)

Key figures

Over five years it is down 74.59% from US$370 million in 2015 (23.97% a year on average, compounded). Since 2011 it is down 81.2% from US$500 million in 2011 (16.95% a year on average, compounded).

What the numbers say

In 2020, Bermuda's international tourism, receipts (current US$) fell 84.4% on 2019 (from US$601 million to US$94 million).

Across the 8 yearly changes before that (2012 to 2019), the average change was +2.9% and a typical year strayed about 12.1% from that (the standard deviation). This year's change was 7.2 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 2016 and the biggest yearly fall was 84.4% 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 there is no clear straight-line trend: a straight line explains 4% 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 110th highest value of the 126 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

• Mozambique — 107th of 126: US$113 million
• Paraguay — 108th of 126: US$104 million
• Tajikistan — 109th of 126: US$102.4 million
• Bhutan — 111th of 126: US$84 million
• Afghanistan — 112th of 126: US$75 million
• Vanuatu — 113th of 126: US$67 million

What this measures

International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Data are in current U.S. dollars.

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. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival. The data on inbound tourism show the arrivals of nonresident tourists (overnight visitors) at national borders.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 10 values

International tourism, receipts (current US$) in nearby economies

• United States — US$84.21 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

• 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 international tourism, receipts (current US$)?

US$94 million in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is down 81.2% from US$500 million in 2011 (16.95% a year on average, compounded). The highest value was US$601 million in 2019 and the lowest US$94 million in 2020.

How does Bermuda rank?

110th highest of 126 economies with data for 2020.

Is the latest change in international tourism, receipts (current US$) unusual for Bermuda?

In 2020, Bermuda's international tourism, receipts (current US$) fell 84.4% on 2019 (from US$601 million to US$94 million). Across the 8 yearly changes before that (2012 to 2019), the average change was +2.9% and a typical year strayed about 12.1% from that (the standard deviation). This year's change was 7.2 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.RCPT.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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