Travel services in Bermuda
Bermuda: Travel services was 34.4% in 2023. ▼ Falling
Travel services in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Bermuda recorded 34.4% for travel services in 2023.
Compared with earlier readings it is up 17.0% on the previous year and up 3.1% over ten years.
Over the whole period, travel services in Bermuda peaked at 39.5% in 2019 and was at its lowest, 9.7%, in 2020.
Bermuda ranks 109th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Travel services in Bermuda, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2006 | 33.2% | — |
| 2007 | 35.9% | +8.1% |
| 2008 | 30.1% | -16.1% |
| 2009 | 28.8% | -4.4% |
| 2010 | 33.0% | +14.7% |
| 2011 | 35.4% | +7.3% |
| 2012 | 33.2% | -6.3% |
| 2013 | 33.4% | +0.6% |
| 2014 | 31.6% | -5.2% |
| 2015 | 31.3% | -0.9% |
| 2016 | 35.4% | +13.1% |
| 2017 | 38.8% | +9.5% |
| 2018 | 38.5% | -0.7% |
| 2019 | 39.5% | +2.5% |
| 2020 | 9.7% | -75.3% |
| 2021 | 13.2% | +36.0% |
| 2022 | 29.4% | +121.9% |
| 2023 | 34.4% | +17.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.0% | 28.8% | 35.9% | 4 |
| 2010s | 35.0% | 31.3% | 39.5% | 10 |
| 2020s | 21.7% | 9.7% | 34.4% | 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 travel services in Bermuda?
- Travel services in Bermuda was 34.4% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Bermuda?
- The highest recorded value was 39.5% in 2019.
- What is the lowest travel services recorded in Bermuda?
- The lowest recorded value was 9.7% in 2020.
- How does Bermuda rank for travel services?
- Bermuda ranks 109th out of 198 countries with data for 2023.
- Is travel services rising or falling in Bermuda?
- Over the last ten years it is up 3.1%. 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 Travel services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.