Capital investment in ICT rose last year
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.