Bermuda Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Bermuda's current account balance was 15.39% in 2023, ranked 185th globally. This represents a 6.8% increase from 2022. Data from World Bank, covering 2006–2023.
Overview
Bermuda's current account balance stood at 15.39% in 2023, a rise of +0.98% from 2022. Bermuda ranked 185th globally.
Bermuda’s current‑account balance has slipped from an all‑time peak of 20.38 % of GDP in 2006 to a trough of 8.73 % in 2009, before stabilising at 15.39 % in 2023, ranking 185th globally. The 2023 figure remains well above the 2023 balances of Andorra (14.22 %) and Guyana (13.90 %), yet below Liechtenstein’s 15.52 % and Qatar’s 16.77 %. Over the 18‑year coverage period the island’s surplus has shown resilience despite the sharp post‑2008 decline, reflecting the durability of its offshore financial services and tourism sectors. The modest rebound after 2009 suggests that external demand and regulatory environments continue to shape the surplus, while the modest gap with higher‑ranking peers indicates limited scope for rapid expansion. If Bermuda can sustain its financial‑service growth and diversify its export base, the current‑account surplus is likely to edge higher, though any major shift in global tax policy could reverse the upward trend.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2023 | 15.39% | +0.98% | #185 |
| 2022 | 14.41% | +1.21% | #179 |
| 2021 | 13.20% | +0.80% | #183 |
| 2020 | 12.40% | +1.10% | #182 |
| 2019 | 11.30% | −1.00% | #182 |
| 2018 | 12.30% | −0.86% | #179 |
| 2017 | 13.16% | +0.90% | #188 |
| 2016 | 12.26% | −1.91% | #189 |
| 2015 | 14.17% | +1.42% | #189 |
| 2014 | 12.75% | −0.25% | #183 |
| 2013 | 13.00% | −1.53% | #183 |
| 2012 | 14.53% | +0.79% | #181 |
| 2011 | 13.74% | +3.25% | #181 |
| 2010 | 10.49% | +1.76% | #177 |
| 2009 | 8.73% | −4.26% | #181 |
Analysis
Bermuda's current account balance was 15.39% in 2023, a rise of +0.98% from 2022.
Frequently Asked Questions
Bermuda's current account balance was 15.39% in 2023. Ranked 185th globally. This represents a 6.8% increase from the previous year.
Bermuda's current account balance peaked at 20.38% in 2006.
The lowest current account balance in Bermuda was 8.73% in 2009.
Bermuda ranks 185th globally in current account balance as of 2023.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
The current account balance of Bermuda in 2023 was 15.39%. This ranks 185th in the world.
Cite this page
@misc{historysaid_bermuda_current-account,
title = {Bermuda Current Account Balance},
url = {https://historysaid.com/bermuda/current-account/},
publisher = {HistorySaid},
year = {2026}
}