Loans from nonresident banks (amounts outstanding) to GDP in Bermuda
Bermuda: Loans from nonresident banks (amounts outstanding) to GDP was 1,081.1% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Bermuda, 1987–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (amounts outstanding) to gdp in Bermuda is 1,081.1%, measured in 2021. That is the highest value across all 35 years on record.
The figure is up 24.9% on the previous year and up 609.3% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Bermuda peaked at 1,081.1% in 2021 and was at its lowest, 1.2%, in 1987.
Bermuda ranks 2nd of 136 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 1.2% | — |
| 1988 | 3.3% | +187.1% |
| 1989 | 1.5% | -55.9% |
| 1990 | 7.3% | +401.5% |
| 1991 | 12.7% | +72.3% |
| 1992 | 6.3% | -50.2% |
| 1993 | 35.3% | +459.8% |
| 1994 | 33.6% | -4.9% |
| 1995 | 29.4% | -12.5% |
| 1996 | 27.0% | -8.1% |
| 1997 | 21.1% | -22.0% |
| 1998 | 45.0% | +113.6% |
| 1999 | 58.3% | +29.5% |
| 2000 | 89.6% | +53.9% |
| 2001 | 97.9% | +9.2% |
| 2002 | 103.4% | +5.7% |
| 2003 | 73.2% | -29.3% |
| 2004 | 67.5% | -7.8% |
| 2005 | 69.2% | +2.6% |
| 2006 | 65.2% | -5.9% |
| 2007 | 67.5% | +3.5% |
| 2008 | 69.6% | +3.2% |
| 2009 | 121.4% | +74.5% |
| 2010 | 129.2% | +6.4% |
| 2011 | 152.4% | +18.0% |
| 2012 | 184.6% | +21.1% |
| 2013 | 214.6% | +16.3% |
| 2014 | 188.0% | -12.4% |
| 2015 | 214.5% | +14.1% |
| 2016 | 249.1% | +16.1% |
| 2017 | 298.9% | +20.0% |
| 2018 | 473.7% | +58.5% |
| 2019 | 596.7% | +26.0% |
| 2020 | 865.2% | +45.0% |
| 2021 | 1,081.1% | +24.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.0% | 1.2% | 3.3% | 3 |
| 1990s | 27.6% | 6.3% | 58.3% | 10 |
| 2000s | 82.4% | 65.2% | 121.4% | 10 |
| 2010s | 270.2% | 129.2% | 596.7% | 10 |
| 2020s | 973.2% | 865.2% | 1,081.1% | 2 |
Countries ranked near Bermuda
- 1 Marshall Islands 2,132.6% compare
- 3 Luxembourg 352.3% compare
- 4 Curaçao 211.4% compare
- 5 Lebanon 176.0% 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)
- GDP deflator: linked series (base year varies by country), annual 4.9 % change on previous year (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 (Assets, Positions, US dollar), annual growth rate -3.04 % change on previous year (2023)
Frequently asked questions
- What is loans from nonresident banks (amounts outstanding) to gdp in Bermuda?
- Loans from nonresident banks (amounts outstanding) to gdp in Bermuda was 1,081.1% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Bermuda?
- The highest recorded value was 1,081.1% in 2021.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Bermuda?
- The lowest recorded value was 1.2% in 1987.
- How does Bermuda rank for loans from nonresident banks (amounts outstanding) to gdp?
- Bermuda ranks 2nd out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Bermuda?
- Over the last ten years it is up 609.3%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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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.