Commercial service exports in Bermuda
Bermuda: Commercial service exports was 1.53 billion current US$ in 2023. ▼ Falling
Commercial service exports in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for commercial service exports in Bermuda is 1.53 billion current US$, measured in 2023.
The figure is up 12.9% on the previous year and up 16.4% over ten years.
Over the whole period, commercial service exports in Bermuda peaked at 1.58 billion current US$ in 2007 and was at its lowest, 960.02 million current US$, in 2020.
That places Bermuda 120th out of 200 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Commercial service exports in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | 1.49 billion current US$ | — |
| 2007 | 1.58 billion current US$ | +6.4% |
| 2008 | 1.43 billion current US$ | -9.7% |
| 2009 | 1.27 billion current US$ | -11.0% |
| 2010 | 1.34 billion current US$ | +5.4% |
| 2011 | 1.39 billion current US$ | +3.8% |
| 2012 | 1.33 billion current US$ | -4.6% |
| 2013 | 1.32 billion current US$ | -1.0% |
| 2014 | 1.27 billion current US$ | -3.6% |
| 2015 | 1.18 billion current US$ | -7.0% |
| 2016 | 1.24 billion current US$ | +5.4% |
| 2017 | 1.32 billion current US$ | +6.4% |
| 2018 | 1.51 billion current US$ | +14.6% |
| 2019 | 1.52 billion current US$ | +0.5% |
| 2020 | 960.02 million current US$ | -36.9% |
| 2021 | 1.08 billion current US$ | +12.3% |
| 2022 | 1.36 billion current US$ | +25.7% |
| 2023 | 1.53 billion current US$ | +12.9% |
Bermuda compared with similar countries
- Bermuda's 1.53 billion current US$ is below the median for high income countries, which is 24.20 billion current US$, 6% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.44 billion current US$ | 1.27 billion current US$ | 1.58 billion current US$ | 4 |
| 2010s | 1.34 billion current US$ | 1.18 billion current US$ | 1.52 billion current US$ | 10 |
| 2020s | 1.23 billion current US$ | 960.02 million current US$ | 1.53 billion current US$ | 4 |
Countries ranked near Bermuda
More private sector data for Bermuda
- Merchandise trade 14.6% (2024)
- Food imports 21.5% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 1.25 billion current US$ (2025)
- Food exports 1.8% (2024)
- Manufactures exports 59.9% (2024)
- Merchandise exports 43.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 666.1 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0074 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate -36.76 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Bermuda?
- Commercial service exports in Bermuda was 1.53 billion current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Bermuda?
- The highest recorded value was 1.58 billion current US$ in 2007.
- What is the lowest commercial service exports recorded in Bermuda?
- The lowest recorded value was 960.02 million current US$ in 2020.
- How does Bermuda rank for commercial service exports?
- Bermuda ranks 120th out of 200 countries with data for 2023.
- Is commercial service exports rising or falling in Bermuda?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.