Bermuda: Transport services (% of service exports, BoP)

Key figures

What the numbers say

In 2025, Bermuda's transport services (% of service exports, BoP) fell 0.14 percentage points on 2024 (from 2.94% to 2.8%).

Across the 18 yearly changes before that (2007 to 2024), the average change was −0.03 percentage points and a typical year strayed about 0.68 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 0.91 percentage points in 2007 and the biggest yearly fall was 1.6 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% 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 2025, Bermuda had the 125th highest value of the 134 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 2025 ranking

• St. Kitts and Nevis — 122nd of 134: 3.98%
• Iraq — 123rd of 134: 3.43%
• Lesotho — 124th of 134: 2.86%
• Grenada — 126th of 134: 2.74%
• Maldives — 127th of 134: 2.63%
• Ireland — 128th of 134: 2.56%

What this measures

Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.

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

All 20 values

Transport services (% of service exports, BoP) in nearby economies

• Canada — 9.6% (2025)
• United States — 8.2% (2025)

More economic policy & debt data for Bermuda

• GDP (current US$) — US$9.19 billion (2024)
• GDP (current LCU) — 9.19 billion (2024)
• GDP (constant 2015 US$) — US$7.53 billion (2024)
• GDP (constant LCU) — 7.1 billion (2024)
• GDP per capita (current US$) — US$142,250 (2024)
• GDP per capita (current LCU) — 142,250 (2024)
• GDP per capita (constant 2015 US$) — US$116,514 (2024)
• GDP per capita (constant LCU) — 109,864 (2024)
• GDP (annual % growth) — 1.89% (2024)
• GDP per capita (annual % growth) — 1.99% (2024)
• Adjusted savings, education expenditure (% of GNI)

Reading data like this

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Questions people ask

What is Bermuda's transport services (% of service exports, BoP)?

2.8% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 0.65 percentage points from 3.45% in 2006. The highest value was 4.57% in 2008 and the lowest 2.4% in 2022.

How does Bermuda rank?

125th highest of 134 economies with data for 2025.

Is the latest change in transport services (% of service exports, BoP) unusual for Bermuda?

In 2025, Bermuda's transport services (% of service exports, BoP) fell 0.14 percentage points on 2024 (from 2.94% to 2.8%). Across the 18 yearly changes before that (2007 to 2024), the average change was −0.03 percentage points and a typical year strayed about 0.68 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BX.GSR.TRAN.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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