Log In

Reset Password
BERMUDA | RSS PODCAST

Capital investment in ICT rose last year

The Ministry of Economy and Labour said the information and communication technology sector accounted for $190 million, or 2.6 per cent, of Bermuda’s gross domestic product (File photograph)

The information and communication technology sector accounted for $190 million, or 2.6 per cent, of Bermuda’s gross domestic product in current prices in 2021, up from 2.5 per cent a year earlier, the Ministry of Economy and Labour has reported.

Releasing the ICT profile from the Department of Statistics, economy and labour minister Jason Hayward said: “The profile shows the core indicators on the use of ICT by businesses with comparisons between 2020 and 2021.”

In 2021, capital investment in ICT increased 32.3 per cent from $47 million to $63 million.

Bermuda’s ICT trade deficit expanded by 21 per cent and stood at $88 million.

Businesses’ leading use of the internet was sending or receiving e-mails (93.4 per cent).

In 2021, wi-fi-enabled devices were used by 83.1 per cent of businesses in their daily operations, up two percentage points from 2020.

Among ICT-related jobs, software and application developers and analysts earned the highest median income of $130,667 in 2021.

The 2021 ICT profile is available online at www.gov.bm/information-and-communications-technology-statistics.

You must be Registered or to post comment or to vote.

Published November 15, 2022 at 7:49 am (Updated November 15, 2022 at 7:49 am)

Capital investment in ICT rose last year

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon