Bermuda's medium and high-tech exports (% manufactured exports) was 91.16% in 2024, the latest year in the World Bank's World Development Indicators. That is up 33.85 percentage points from 57.3% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 91.16% | 2024 |
| Five years earlier | 72.32% | 2019 |
| Ten years earlier | 57.3% | 2014 |
| Highest | 91.16% | 2024 |
| Lowest | 0% | 1990 |
| Average since 2015 | 56.69% | 2015–2024 |
| First recorded | 0% | 1990 |
What the numbers say
In 2024, Bermuda's medium and high-tech exports (% manufactured exports) rose 25.43 percentage points on 2023 (from 65.73% to 91.16%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.19 percentage points and a typical year strayed about 19.35 percentage points from that (the standard deviation). This year's change was 1.2 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 62.75 percentage points in 2021 and the biggest yearly fall was 46.96 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 2015 to 2024 the straight-line trend is upward, about 6.11 percentage points a year. A straight line explains 54% 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 2nd highest value of the 152 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
What this measures
Share of medium and high-tech manufactured exports in total manufactured exports.
Limitations: Missing values at country level are imputed based on the methodology from Competitive Industrial Performance Report (UNIDO, 2017).
All 35 values
| Year | Medium and high-tech exports (% manufactured exports) |
|---|---|
| 2024 | 91.16 |
| 2023 | 65.73 |
| 2022 | 65.78 |
| 2021 | 88.12 |
| 2020 | 25.37 |
| 2019 | 72.32 |
| 2018 | 63.72 |
| 2017 | 41.76 |
| 2016 | 28.59 |
| 2015 | 24.37 |
| 2014 |
Medium and high-tech exports (% manufactured exports) in nearby economies
- Canada — 54.28% (2024)
- United States — 62.36% (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)
- 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)
- Fixed broadband subscriptions — 33,160 (2024)
- Fixed broadband subscriptions (per 100 people)
Reading data like this
Questions people ask
- What is Bermuda's medium and high-tech exports (% manufactured exports)?
- 91.16% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 91.16 percentage points from 0% in 1990. The highest value was 91.16% in 2024 and the lowest 0% in 1990.
- How does Bermuda rank?
- 2nd highest of 152 economies with data for 2024.
- Is the latest change in medium and high-tech exports (% manufactured exports) unusual for Bermuda?
- In 2024, Bermuda's medium and high-tech exports (% manufactured exports) rose 25.43 percentage points on 2023 (from 65.73% to 91.16%). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.19 percentage points and a typical year strayed about 19.35 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations above 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 TX.MNF.TECH.ZS.UN, licensed CC BY 4.0. Original source: Competitive Industrial Performance (CIP) database, UN Industrial Development Organization (UNIDO) 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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