BM
Trade & investment · North America · High income
Bermuda: trade and investment
Exports is 55.1% (2024), 43rd of 184 in the world and 1st of 3 in North America. Imports is 25.1% (2024), 154th of 184 in the world and 2nd of 3 in North America. Trade openness is 80.2% (2024), 94th of 184 in the world and 1st of 3 in North America.
13 indicators
Trade & investment: Bermuda in detail
Latest reported value, world rank and rank within North America; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ExportsExports of goods and services, % of GDP | 55.1%2024 | 43/184 | 1/3 | · | 50.8% | 47.1% | +4.0 ppsince 2014 | 12.5% | 31.7% | 29.5% | |
| ImportsImports of goods and services, % of GDP | 25.1%2024 | 154/184 | 2/3 | · | 23.8% | 23.5% | −0.3 ppsince 2014 | 15.4% | 30.8% | 28.5% | |
| Trade opennessTrade, % of GDP | 80.2%2024 | 94/184 | 1/3 | · | 74.6% | 70.6% | +3.7 ppsince 2014 | 28.5% | 60.5% | 68.5% | |
| Current accountCurrent account balance, % of GDP | 18.3%2024 | 7/185 | 1/3 | · | 10.5% | 12.4% | +5.5 ppsince 2014 | — | — | — | |
| Merchandise exportsMerchandise exports, current US$ | $43.0m2025 | 191/206 | 3/3 | $51.0m | $15.0m | $19.0m | +95%since 2015 | $2.7tn | $17.5tn | $26.4tn | |
| High-tech exportsHigh-technology exports, % of manufactured exports | 14.3%2024 | 50/170 | 3/3 | · | 12.3%2012 | 5.5% | −14.3 ppsince 2014 | 22.8% | 25.8% | 24.7% | |
| Fuel exportsFuel exports, % of merchandise exports | 0.0%2025 | 151/172 | 3/3 | · | 6.3%2012 | 0.0% | ±0.0 ppsince 2015 | 19.3% | 10.4% | 9.5% | |
| Food exportsFood exports, % of merchandise exports | 1.1%2025 | 163/172 | 3/3 | · | 23.5%2012 | 16.7% | −43.8 ppsince 2015 | 10.0% | 8.8% | 9.0% | |
| Average tariffApplied tariff rate, weighted mean, all products | 29.5%2022 | 1/184 | 1/3 | · | 18.6% | 24.1% | +12.1 ppsince 2012 | — | — | — | |
| FDI inflowsForeign direct investment, net inflows, % of GDP | 1.3%2024 | 132/197 | 2/3 | 1.9% | 3.4% | 6.9% | +1.3 ppsince 2014 | 1.1% | 1.5% | 1.4% | |
| RemittancesPersonal remittances received, % of GDP | 24.2%2024 | 8/178 | 1/3 | · | 19.0% | 22.9% | +3.4 ppsince 2014 | 0.0% | 0.3% | 0.8% | |
| Tourist arrivalsInternational tourist arrivals | 51,4002020 | 181/196 | 3/3 | 539,000 | 580,000 | 51,400 | −91%since 2010 | 199m | 1.5bn | 2.4bn | |
| Tourism receiptsInternational tourism receipts, current US$ | $94.0m2020 | 144/177 | 2/2 | · | $500m2011 | $94.0m | — | $306bn | $1.2tn | $1.9tn |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
nearest countries
Bermuda and its nearest countries
Bermuda has no land border; compared with the closest countries by distance between capitals. Latest values since 2005; the highest in each row is marked.
| Indicator | Bermuda | Turks and Caicos Islands | United States | Bahamas | British Virgin Islands |
|---|---|---|---|---|---|
| Exports | 55.1%2024 | — | 11.0%2024 | 37.8%2024 | — |
| Imports | 25.1%2024 | — | 14.0%2024 | 41.5%2024 | — |
| Trade openness | 80.2%2024 | — | 25.0%2024 | 79.2%2024 | — |
| Current account | 18.3%2024 | 13.1%2018 | -3.8%2025 | -6.6%2024 | — |
| Merchandise exports | $43.0m2025 | $5.0m2025 | $2.2tn2025 | $711m2025 | — |
| High-tech exports | 14.3%2024 | 2.2%2012 | 24.3%2024 | 0.0%2024 | — |
| Fuel exports | 0.0%2025 | 0.0%2012 | 17.3%2025 | 0.0%2024 | — |
| Food exports | 1.1%2025 | 15.9%2012 | 9.0%2025 | 52.2%2024 | — |
| Average tariff | 29.5%2022 | — | 1.5%2022 | 16.3%2022 | — |