Current account balance (credit less debit), Net (credits less debits) in Bermuda
Bermuda: Current account balance (credit less debit), Net (credits less debits) was 1.32 billion in 2023. ▲ Rising
Current account balance (credit less debit), Net (credits less debits) in Bermuda, 2006–2023
Source: International Monetary Fund.
Analysis
In 2023, current account balance (credit less debit), net (credits less debits) in Bermuda stood at 1.32 billion. That is the highest value across all 18 years on record.
The figure is up 16.3% on the previous year and up 57.1% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Bermuda peaked at 1.32 billion in 2023 and was at its lowest, 581.36 million, in 2009.
That places Bermuda 53rd out of 198 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Current account balance (credit less debit), Net (credits less debits) in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 1.25 billion | — |
| 2007 | 1.22 billion | -2.9% |
| 2008 | 906.75 million | -25.4% |
| 2009 | 581.36 million | -35.9% |
| 2010 | 695.96 million | +19.7% |
| 2011 | 867.60 million | +24.7% |
| 2012 | 926.99 million | +6.8% |
| 2013 | 840.65 million | -9.3% |
| 2014 | 817.58 million | -2.7% |
| 2015 | 942.90 million | +15.3% |
| 2016 | 845.99 million | -10.3% |
| 2017 | 940.20 million | +11.1% |
| 2018 | 888.95 million | -5.5% |
| 2019 | 838.70 million | -5.7% |
| 2020 | 853.85 million | +1.8% |
| 2021 | 962.26 million | +12.7% |
| 2022 | 1.13 billion | +17.9% |
| 2023 | 1.32 billion | +16.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 989.14 million | 581.36 million | 1.25 billion | 4 |
| 2010s | 860.55 million | 695.96 million | 942.90 million | 10 |
| 2020s | 1.07 billion | 853.85 million | 1.32 billion | 4 |
Countries ranked near Bermuda
- 50 Nepal 1.68 billion compare
- 51 Panama 1.67 billion compare
- 52 Bangladesh 1.43 billion compare
- 54 Trinidad and Tobago 1.23 billion compare
- 55 Sri Lanka 1.21 billion compare
- 56 Tajikistan 887.02 million compare
More financial sector data for Bermuda
- Net migration, annual growth rate 60 % change on previous year (2025)
- Net migration -2 (2025)
- Official exchange rate 1 LCU per US$, period average (2025)
- GDP deflator: linked series 129.48 base year varies by country (2024)
- Inflation, GDP deflator: linked series 4.9% (2024)
- Reserve assets 211.49 million US dollar (2023)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Total assets, Adjusted using IMF accounting records 15.85 billion US dollar (2023)
- Reserve assets, Adjusted using IMF accounting records 211.49 million US dollar (2023)
- Reserve assets, Other reserve (currency, deposits, securities) 211.49 million US dollar (2023)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Bermuda?
- Current account balance (credit less debit), net (credits less debits) in Bermuda was 1.32 billion in 2023, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Bermuda?
- The highest recorded value was 1.32 billion in 2023.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Bermuda?
- The lowest recorded value was 581.36 million in 2009.
- How does Bermuda rank for current account balance (credit less debit), net (credits less debits)?
- Bermuda ranks 53rd out of 198 countries with data for 2023.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Bermuda?
- Over the last ten years it is up 57.1%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.