Bermuda: Economy
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
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 (2019): United States, Canada, and United Kingdom |
Top Industries Source: CIA World Factbook | International Business; Tourism; Light Manufacturing |
Gross Domestic Product (GDP) [1]
GDP, PPP (current international) | $5,459,724,012 (2019) |
GDP Growth Rate (annual %) | 0.46% (2019) |
GDP Per Capita, PPP (current international) | $85,418 (2019) |
GDP Country Rank 165/196 (2019)
Economic Indicators [1]
Inflation, consumer prices (annual %) | Data unavailable |
External debt stocks, total (DOD, current US$) | Data unavailable |
Total tax rate (% of commercial profits) | Data unavailable |
Real Interest Rate (5 year average %) | Data unavailable |
Manufacturing, value added (% of GDP) | 0.512% (2019) |
Current Account Balance (BoP, current US$) | $958,378,558 (2018) |
Labor and Employment [1]
Labor Force, Total | Data unavailable |
Employment in Agriculture (% of total employment) | 1.63% (2013) |
Employment in Industry (% of total employment) | 10.3% (2013) |
Employment in Services (% of total employment) | 87.65% (2013) |
Unemployment Rate | 2.7% (2000) |
Trade [1]
Imports of goods and services (current US$) | $1,917,596,000 (2019) |
Exports of goods and services (current US$) | $3,759,931,000 (2019) |
Total Merchandise Trade (% of GDP) | 0% (2019) |
FDI, net inflows (BoP, current US$) | $119,258,667 (2019) |
Commercial Service Exports (current US$) | $1,505,808,196 (2018) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.