Bermuda vs Luxembourg: Loans from nonresident banks (amounts outstanding) to GDP
Loans from nonresident banks (amounts outstanding) to GDP over time
- Bermuda
- Luxembourg
How they compare
Bermuda currently reports 1,081.1% against 352.3% in Luxembourg, a difference of 728.8%.
That makes Bermuda's figure about 3.1 times Luxembourg's.
The two have swapped places 5 times across 35 shared years of data; in 1987 it was Luxembourg ahead.
Bermuda ranks 2nd and Luxembourg ranks 3rd of 136 countries.
Across the 5 decades both report, Bermuda averaged higher in 2 and Luxembourg in 3.
Head to head by decade
| Decade | Bermuda | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 2.0% | 13.3% | 11.3% | Luxembourg |
| 1990s | 27.6% | 50.1% | 22.5% | Luxembourg |
| 2000s | 82.4% | 155.4% | 73.0% | Luxembourg |
| 2010s | 270.2% | 241.3% | 28.8% | Bermuda |
| 2020s | 973.2% | 386.3% | 586.8% | Bermuda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Bermuda or Luxembourg?
- Bermuda, at 1,081.1% against 352.3% in Luxembourg as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Bermuda and Luxembourg?
- 728.8%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Luxembourg?
- 35 years are reported by both, from 1987 to 2021.
- How do Bermuda and Luxembourg rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Bermuda ranks 2nd and Luxembourg ranks 3rd of 136 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.