Economy of Bermuda
Population: 0.06 M (2018)
GDP per Capita: 85,748 USD (2013)
5,570 M.

GDP USD

(2013)

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2,660 M.

EXPORTS USD

(2013)

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1,650 M.

IMPORTS USD

(2013)

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2013 %

PUBLIC DEBT

(2013)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.53 % (2008)
GDP of 2010 USD USD 5.20 B. (2013)
GDP Current USD USD 5.57 B. (2013)
GDP per Capita Current USD USD 85,748 (2013)
GDP per capita, PPP USD 50,669 (2013)
GDP per Capita, 2010 USD USD 79,252 (2013)

Government spending and balances

Indicator Value
Government Spending % GDP 15.01 % (2013)
Government Spending USD 0.84 B. (2013)
Government Debt % GDP % ()

International Trade and Investment

Indicator Value
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)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
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)
Dependent People

Agriculture Sector

Indicator Value
Forest Area 18.50 % (2016)
Forest Area km² 10 km² (2016)
Agricultural Land 5.56 % (2016)
Agricultural Land km² 3 km² (2016)
Employment
Value added % GDP 0.75 % (2013)
Agriculture Value added USD 0.04 B. (2013)
Crop Production Index 113.90 (2016)
Precipitation
Arable Land 6 % (2016)
Cereal Yield 6 % (2016)
Food production index 112 (2016)
Rural Population
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).