Bermuda Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
Bermuda's trade openness was 77.25% in 2025, ranked 106th globally. This represents a 2.6% increase from 2024. Data from World Bank, covering 2010–2025.
Overview
Bermuda's trade openness stood at 77.25% in 2025, a rise of +1.96% from 2024. Based on recent trends, this figure is projected to reach 77.25% by 2025. Bermuda ranked 106th globally.
Bermuda’s trade openness measured as the sum of exports and imports relative to GDP stood at 77.25 in 2025, placing the island at rank 106 globally. The indicator has risen modestly from 74.60 in 2010, reaching an all‑time peak of 77.56 in 2019 before a sharp contraction to a trough of 69.19 in 2020, a dip that reflected the worldwide slowdown in merchandise trade triggered by the COVID‑19 pandemic. Since the trough, openness has recovered steadily, driven by the re‑expansion of tourism‑linked services and the island’s role as a re‑export hub for financial and insurance products. Bermuda’s current level is comparable to Spanish performance (77.12) and slightly below the figure recorded for French Polynesia (77.69), indicating that its external sector remains highly integrated despite its small size. Continued diversification of export services and the easing of global trade frictions should sustain the upward trajectory, while any resurgence of protectionist policies could reverse the recent gains.
Data & projection
| Year | Trade Openness | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 80.12% | - | - |
| 2026* trend | 78.69% | - | - |
| 2025* trend | 77.25% | - | - |
| 2025 | 77.25% | +1.96% | #106 |
| 2024 | 75.29% | +1.70% | #70 |
| 2023 | 73.59% | −1.61% | #72 |
| 2022 | 75.20% | +3.79% | #72 |
| 2021 | 71.41% | +2.21% | #78 |
| 2020 | 69.19% | −8.37% | #88 |
| 2019 | 77.56% | +0.00% | #87 |
| 2018 | 77.56% | +5.16% | #88 |
| 2017 | 72.39% | −0.36% | #84 |
| 2016 | 72.75% | −0.55% | #85 |
| 2015 | 73.30% | −3.22% | #87 |
| 2014 | 76.52% | +0.25% | #82 |
| 2013 | 76.27% | +2.49% | #76 |
| 2012 | 73.78% | −2.49% | #68 |
| 2011 | 76.27% | +1.68% | #72 |
Analysis
Bermuda's trade openness was 77.25% in 2025, a rise of +1.96% from 2024. Based on trends, estimated 77.25% by 2025.
Frequently Asked Questions
Bermuda's trade openness was 77.25% in 2025. Ranked 106th globally. This represents a 2.6% increase from the previous year.
Bermuda's trade openness peaked at 77.56% in 2019.
The lowest trade openness in Bermuda was 69.19% in 2020.
Bermuda ranks 106th globally in trade openness as of 2025.
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
Bermuda's trade openness is projected to reach 77.25% by 2025 based on trend extrapolation.
The trade openness of Bermuda in 2025 was 77.25%. This ranks 106th in the world.
Cite this page
@misc{historysaid_bermuda_trade-openness,
title = {Bermuda Trade Openness},
url = {https://historysaid.com/bermuda/trade-openness/},
publisher = {HistorySaid},
year = {2026}
}