Economy of BermudaPopulation: 0.06 M (2018)
GDP per Capita: 85,748 USD (2013)
GDP and Economic Growth
Government spending and balances
International Trade and Investment
|Terms of Trade Base Year 2000||109.31 (2018)|
|Trade Openness||77.26 % (2013)|
|Exports of Goods and Services % GDP||47.67 % (2013)|
|Exports Goods & Services||USD 2.66 B. (2013)|
|Exports Annual Growth||Bermuda|
|Imports as % GDP||29.59 % (2013)|
|Total Imports||USD 1.65 B. (2013)|
|Foreign Direct Investment % GDP||0.99 % (2013)|
|Foreign Direct Investment||USD 0.07 B. (2018)|
|Current Account Balance % GDP||USD % (2018)|
|Current Account Balance||USD 0.96 B. (2018)|
|Trade Balance % GDP||% (2018)|
|Trade Balance||USD -0.54 B. (2018)|
|Foreign Exchange Reserves incl Gold||-0.54|
|Remittances % GDP||21.98 % (2013)|
|Remittances||USD 2 M. (2017)|
|Balance of Payments||USD 140 M. (2014)|
|Unemployment Rate Females|
|Unemployment Rate Males|
|Youth Unemployment (ages 15-24)|
|Labor Force Participation Rate||USD 140 M. (2014)|
|Labor Force (Percent Female)||USD 140 M. (2014)|
|Female Labor Force Participation Rate||USD 140 M. (2014)|
|Male Labor Force Participation Rate||USD 140 M. (2014)|
|Forest Area||18.50 % (2016)|
|Forest Area km²||10 km² (2016)|
|Agricultural Land||5.56 % (2016)|
|Agricultural Land km²||3 km² (2016)|
|Value added % GDP||0.75 % (2013)|
|Agriculture Value added||USD 0.04 B. (2013)|
|Crop Production Index||113.90 (2016)|
|Arable Land||6 % (2016)|
|Cereal Yield||6 % (2016)|
|Food production index||112 (2016)|
|Fertilizer use of Arable Land||177 kg/hectare (2016)|
|Livestock Production Index||111 (2016)|
Economy of Bermuda
According to the World Bank and its latest published data, the economy of the Bermuda presents a growth rate of 1.53 % (2008) to the previous year.
With a population that reaches 0.06 M (2018) and a gross domestic product of USD 5.57 B. (2013), it translates a Gross Domestic Product per Capita of USD 85,748 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).
Bermuda also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at .
The central government spent 15.01 % (2013) of its gross domestic product that year, which in absolute terms is USD 0.84 B. (2013). Its consolidated public debt reached of its GDP, not exceeding the 35% risk limit used by the European Union.
Regarding its international trade, Bermuda exported USD 2.66 B. (2013), which represents 47.67 % (2013) of its gross domestic product, in that same sense its imports reached USD 1.65 B. (2013) with a direct foreign investment of USD 0.07 B. (2018).
Bermuda has a forest area of 10 km² (2016), which represents 18.50 % (2016) of its total area, an average rainfall of per year and a population of living in rural areas. With a total area of 3 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Bermuda about USD 0.04 B. (2013) (0.75 % (2013) of its GDP).