Bermuda: Economy

Economic Trivia

Bermuda has the fourth highest GDP per capita in the world.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): United States, Canada, and United Kingdom
Top 3 Exported Goods (2014): Beverages, Electrical Machinery, and Precision Instruments

Top Industries Source: CIA World Factbook

International Business; Tourism; Light Manufacturing

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $3,402,639,659 (2013)
GDP Growth Rate (annual %) -2.511% (2013)
GDP Per Capita, PPP (current international) $52,347 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 166/193 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) Data unavailable
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) Data unavailable
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 0.983% (2012)
Current Account Balance (BoP, current US$) $840,649,668 (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total Data unavailable
Employment in Agriculture (% of total employment) 1.6% (2013)
Employment in Industry (% of total employment) 10.3% (2013)
Employment in Services (% of total employment) 87.6% (2013)
Unemployment Rate 2.7% (2000)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $1,649,401,000 (2013)
Exports of goods and services (current US$) $2,656,891,000 (2013)
Total Merchandise Trade (% of GDP) 18.372% (2013)
FDI, net inflows (BoP, current US$) ($17,006,018) (2014)
Commercial Service Exports (current US$) $1,315,909,938 (2013)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Bermuda’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary