Trade openness in Bermuda in 2024 — 80.21%. Ranked 86 in the world out of 172. Since 2010, the indicator has risen by 5.61 pp.
2010–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Bermuda
| Year | % | Change, pp |
|---|---|---|
| 2024 | 80.21 | +2.56 pp |
| 2023 | 77.65 | −0.33 pp |
| 2022 | 77.98 | +5.05 pp |
| 2021 | 72.93 | +2.34 pp |
| 2020 | 70.59 | −6.97 pp |
| 2019 | 77.56 | +0 pp |
| 2018 | 77.56 | +5.16 pp |
| 2017 | 72.39 | −0.36 pp |
| 2016 | 72.75 | −0.55 pp |
| 2015 | 73.3 | −3.22 pp |
| 2014 | 76.52 | +0.25 pp |
| 2013 | 76.27 | +2.49 pp |
| 2012 | 73.78 | −2.49 pp |
| 2011 | 76.27 | +1.68 pp |
| 2010 | 74.6 | — |
The same indicator for neighboring countries — with links to their pages
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
