Loans from nonresident banks (net) to GDP in Bermuda
Bermuda: Loans from nonresident banks (net) to GDP was 54.6% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Bermuda, 1993–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
In 2021, loans from nonresident banks (net) to gdp in Bermuda stood at 54.6%.
That represents a change of down 7.8% on the previous year and up 372.5% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Bermuda peaked at 66.5% in 2019 and was at its lowest, -7.0%, in 2014.
Bermuda ranks 2nd of 98 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 (net) to GDP in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 1993 | -0.2% | — |
| 1994 | 0.3% | -262.5% |
| 1995 | -0.1% | -136.8% |
| 1996 | 1.3% | -1418.5% |
| 1997 | -0.6% | -149.9% |
| 1998 | 1.2% | -282.4% |
| 1999 | 5.3% | +350.5% |
| 2000 | -1.5% | -128.1% |
| 2001 | -1.1% | -27.3% |
| 2002 | 3.0% | -375.8% |
| 2003 | -0.6% | -119.1% |
| 2004 | -2.9% | +397.9% |
| 2005 | 4.0% | -239.6% |
| 2006 | 11.6% | +190.0% |
| 2007 | 0.0% | -99.9% |
| 2008 | -3.4% | -22979.8% |
| 2009 | 4.3% | -227.1% |
| 2010 | 8.9% | +106.3% |
| 2011 | 11.5% | +30.3% |
| 2012 | 1.2% | -89.8% |
| 2013 | 5.3% | +352.5% |
| 2014 | -7.0% | -232.2% |
| 2015 | 10.0% | -242.1% |
| 2016 | 27.3% | +173.4% |
| 2017 | 14.1% | -48.4% |
| 2018 | 18.3% | +29.9% |
| 2019 | 66.5% | +263.7% |
| 2020 | 59.2% | -11.0% |
| 2021 | 54.6% | -7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.0% | -0.6% | 5.3% | 7 |
| 2000s | 1.3% | -3.4% | 11.6% | 10 |
| 2010s | 15.6% | -7.0% | 66.5% | 10 |
| 2020s | 56.9% | 54.6% | 59.2% | 2 |
Countries ranked near Bermuda
- 1 Marshall Islands 153.8% compare
- 3 Bahrain 13.3% compare
- 4 Liechtenstein 5.0% compare
- 5 Mongolia 4.5% 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 (net) to gdp in Bermuda?
- Loans from nonresident banks (net) to gdp in Bermuda was 54.6% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Bermuda?
- The highest recorded value was 66.5% in 2019.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Bermuda?
- The lowest recorded value was -7.0% in 2014.
- How does Bermuda rank for loans from nonresident banks (net) to gdp?
- Bermuda ranks 2nd out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Bermuda?
- Over the last ten years it is up 372.5%. 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 (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.