Services balance (credit less debit), Net (credits less debits) in Bermuda
Bermuda: Services balance (credit less debit), Net (credits less debits) was 503.69 million in 2023. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Bermuda, 2006–2023
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Bermuda is 503.69 million, measured in 2023.
Compared with earlier readings it is up 22.5% on the previous year and up 4.3% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Bermuda peaked at 730.39 million in 2006 and was at its lowest, 220.10 million, in 2020.
Bermuda ranks 80th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 496.64 million | 342.56 million | 730.39 million | 4 |
| 2010s | 437.94 million | 343.00 million | 560.98 million | 10 |
| 2020s | 355.37 million | 220.10 million | 503.69 million | 4 |
Countries ranked near Bermuda
More financial sector data for Bermuda
- Official exchange rate 1 LCU per US$, period average (2025)
- Net migration -2 (2025)
- Net migration, annual growth rate 60 % change on previous year (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 services balance (credit less debit), net (credits less debits) in Bermuda?
- Services balance (credit less debit), net (credits less debits) in Bermuda was 503.69 million in 2023, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Bermuda?
- The highest recorded value was 730.39 million in 2006.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Bermuda?
- The lowest recorded value was 220.10 million in 2020.
- How does Bermuda rank for services balance (credit less debit), net (credits less debits)?
- Bermuda ranks 80th out of 197 countries with data for 2023.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Bermuda?
- Over the last ten years it is up 4.3%. 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 Services 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.