General profile: Bermuda

GENERAL INFORMATION FOR 2021

Population

Exchange rate

GDP

0.064 Millions

1.000 BMD/US$

8 150 Millions current US$

Land area¹

CPI growth

GDP growth

(q) 54 km²

1.32 %

4.20 %

INTERNATIONAL MERCHANDISE TRADE

+9.1 %

Merchandise exports growth rate in 2021

Total merchandise trade

(millions of US$)

2005

2010

2015

2021

Merchandise exports

49

15

22

12

Merchandise imports

985

972

934

1 085

Merchandise trade balance

-936

-957

-912

-1 073

Export structure by product group in 2021

(as % of total exports)

Top 5 partners in 2021

(exports, millions of US$)

INTERNATIONAL TRADE IN SERVICES

Total trade in services²

(millions of US$)

2005

2010

2015

2021

Services exports

-

1 401

1 238

(e) 1 058

Services imports

-

1 013

888

(e) 832

Services trade balance

-

388

350

(e) 226

Services exports by main category²

(as % of total services)

2005

2010

2015

2021

Transport

-

2.6

2.8

(e) 3.0

Travel

-

31.6

29.9

(e) 11.9

Other services

-

65.8

67.3

(e) 85.0

TRADE INDICES

ECONOMIC TRENDS

+4.2 %

Gross domestic product growth rate in 2021

Economic indicators

(millions of US$ unless otherwise specified)

2005

2010

2015

2021

GDP, current

4 868

6 635

6 655

8 150

GDP per capita, current US$

77 322

104 568

105 387

126 972

Real GDP growth, y-on-y, %

1.67

0.58

0.78

4.20

Current account balance, % of GDP

..

10.49

14.17

(e) 9.38

Exchange rate (/US$)

1.000

GDP by expenditure in 2020

(as % of total GDP)

FDI AND EXTERNAL FINANCIAL RESOURCES

-0.3 %

FDI outflows as % of GDP in 2021

Financial flows

(millions of US$ unless otherwise specified)

2005

2010

2015

2021

FDI inflows

43.70

230.73

-143.09

0.79

FDI outflows

31.30

-33.07

-84.47

-24.53

Personal remittances, % of GDP

..

19.01

21.72

..

Financial flows trends

(millions of US$)

TRADE IN GOODS AND SERVICES

Trade balance indicators²

(as % and index)

2005

2010

2015

2021

Balance, % of GDP

-

-8.82

-8.54

(e) -9.79

Balance, % of imports

-

-29.24

-31.09

(e) -42.67

Normalized balance

-

-0.171

-0.184

(e) -0.271

Trade openness²

(sum of imports and exports as % of GDP)

LIVING AREA

Population by living area in 2021

(% of population)

OTHER INDICATORS

0.377 %

Share of the total world merchant fleet in 2021

Maritime transport indicators

2005

2010

2015

2021

Merchant fleet, national flag (thousands of DWT)

6 776

10 107

10 944

8 052

Liner shipping connectivity index (maximum 2006 = 100 for China)

..

1.62

1.61

1.79

Container port throughput (TEU)

..

-

..

Information economy indicators

(as % of)

2005

2010

2015

2021

Share of ICT goods, % of total exports

..

5.20

..

Share of ICT goods, % of total imports

..

3.39

3.21

..

Share of workforce involved in the ICT sector

2.71

..

Source: UNCTADstat (http://unctadstat.unctad.org)


	Notes:
	1	Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
	2	Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
	e	Estimated.
	q	Estimated. Data refers to 2020.


	Symbols for missing values:
	0	Zero means that the amount is nil or negligible
	..	Not available or not separately reported
	_	Not applicable
	...	Not available, including no quotation
	#	Non-relevant calculation
	-	Not publishable
	***	Negative accumulation of flows; Value included in regional and global totals

Abbreviations & acronyms:

DWT:

Dead weight tons

FDI:

Foreign direct investment

GDP:

Gross domestic product

ICT:

Information and communication technology

TEU:

Twenty foot equivalent unit

US$:

United States dollar

Disclaimer:

The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.

Generation date: 20 October 2022