Goods balance (credit less debit), Net (credits less debits) in Bermuda
Bermuda: Goods balance (credit less debit), Net (credits less debits) was -1.20 billion in 2023. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Bermuda, 2006–2023
Source: International Monetary Fund.
Analysis
Bermuda recorded -1.20 billion for goods balance (credit less debit), net (credits less debits) in 2023.
That represents a change of up 1.3% on the previous year and down 20.6% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Bermuda peaked at -887.78 million in 2011 and was at its lowest, -1.22 billion, in 2022.
That places Bermuda 110th out of 198 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | -1.07 billion | — |
| 2007 | -1.14 billion | +6.7% |
| 2008 | -1.14 billion | -0.4% |
| 2009 | -1.04 billion | -8.8% |
| 2010 | -973.35 million | -6.0% |
| 2011 | -887.78 million | -8.8% |
| 2012 | -889.22 million | +0.2% |
| 2013 | -998.84 million | +12.3% |
| 2014 | -948.01 million | -5.1% |
| 2015 | -918.25 million | -3.1% |
| 2016 | -960.84 million | +4.6% |
| 2017 | -1.08 billion | +12.0% |
| 2018 | -1.08 billion | +0.7% |
| 2019 | -1.13 billion | +4.6% |
| 2020 | -916.12 million | -19.2% |
| 2021 | -1.08 billion | +17.4% |
| 2022 | -1.22 billion | +13.5% |
| 2023 | -1.20 billion | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.10 billion | -1.14 billion | -1.04 billion | 4 |
| 2010s | -986.99 million | -1.13 billion | -887.78 million | 10 |
| 2020s | -1.10 billion | -1.22 billion | -916.12 million | 4 |
Countries ranked near Bermuda
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 goods balance (credit less debit), net (credits less debits) in Bermuda?
- Goods balance (credit less debit), net (credits less debits) in Bermuda was -1.20 billion in 2023, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Bermuda?
- The highest recorded value was -887.78 million in 2011.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Bermuda?
- The lowest recorded value was -1.22 billion in 2022.
- How does Bermuda rank for goods balance (credit less debit), net (credits less debits)?
- Bermuda ranks 110th out of 198 countries with data for 2023.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Bermuda?
- Over the last ten years it is down 20.6%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.