Service exports — all countries

Service exports — Bermuda

Service exports in Bermuda in 2023 — 1,586,991,468 US$. Ranked 116 in the world out of 179. Since 2006, the indicator has fallen by 0.3%.

2023 1.59B US$ +12.77% vs 2022
World rank 116of 179
Period maximum 1.61B US$2007
Period minimum 1.02B US$2020

Trend over time

2006–2023 · US$

Service exports — Bermuda, 2006–20231B1.2B1.4B1.6B1.8B20062008201020122014201620182020202220232006: 1,592,310,000 US$2007: 1,605,622,735 US$2008: 1,464,681,966 US$2009: 1,326,737,034 US$2010: 1,401,380,327 US$2011: 1,457,813,709 US$2012: 1,388,736,578 US$2013: 1,378,354,583 US$2014: 1,330,422,550 US$2015: 1,238,150,985 US$2016: 1,294,531,522 US$2017: 1,376,499,815 US$2018: 1,568,896,927 US$2019: 1,587,039,403 US$2020: 1,016,584,905 US$2021: 1,126,422,597 US$2022: 1,407,278,227 US$2023: 1,586,991,468 US$
Change over the period: −5.32M (−0.33%) Average annual rate: -0.02 %

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Bermuda

Bermuda 1.59B US$
World 8.05T US$
North America 1.21T US$
Northern America computed 1.21T US$
High-income countries computed 6.44T US$
Service exports — Bermuda, by year Bermuda All countries CSV XLSX
Year US$ Change Change, %
2023 1.59B +180M +12.77%
2022 1.41B +281M +24.93%
2021 1.13B +110M +10.8%
2020 1.02B −570M −35.94%
2019 1.59B +18.14M +1.16%
2018 1.57B +192M +13.98%
2017 1.38B +81.97M +6.33%
2016 1.29B +56.38M +4.55%
2015 1.24B −92.27M −6.94%
2014 1.33B −47.93M −3.48%
2013 1.38B −10.38M −0.75%
2012 1.39B −69.08M −4.74%
2011 1.46B +56.43M +4.03%
2010 1.4B +74.64M +5.63%
2009 1.33B −138M −9.42%
2008 1.46B −141M −8.78%
2007 1.61B +13.31M +0.84%
2006 1.59B

Northern America, 2023

The same indicator for neighboring countries — with links to their pages

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

Source: World Development Indicators (World Bank), license CC BY 4.0.