GDP growth in Bermuda
Bermuda: GDP growth was 1.9% in 2024. ◆ Volatile
GDP growth in Bermuda, 1961–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Bermuda recorded 1.9% for gdp growth in 2024.
The figure is down 56.4% on the previous year and up 151.0% over ten years.
Over the whole period, gdp growth in Bermuda peaked at 14.4% in 1966 and was at its lowest, -7.0%, in 2020.
That places Bermuda 148th out of 214 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.6% | 1.1% | 14.4% | 9 |
| 1970s | 3.6% | 0.9% | 8.9% | 10 |
| 1980s | 2.0% | -5.3% | 7.9% | 10 |
| 1990s | 1.9% | -3.5% | 4.6% | 10 |
| 2000s | 2.4% | -5.6% | 9.3% | 10 |
| 2010s | -1.2% | -5.3% | 3.6% | 10 |
| 2020s | 2.1% | -7.0% | 6.3% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Exports of goods and services 5.07 billion current LCU (2024)
- Industry (including construction), value added 4.9% (2024)
- Gross national expenditure 6.07 billion current US$ (2024)
- Gross national expenditure 6.07 billion current LCU (2024)
- Gross national expenditure 4.88 billion constant 2015 US$ (2024)
- Industry (including construction), value added 380.83 million constant LCU (2024)
- Gross national expenditure 66.1% (2024)
- Exports of goods and services 5.07 billion current US$ (2024)
- Gross fixed capital formation 1.01 billion current US$ (2024)
- Exports of goods and services 55.1% (2024)
Frequently asked questions
- What is gdp growth in Bermuda?
- Gdp growth in Bermuda was 1.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Bermuda?
- The highest recorded value was 14.4% in 1966.
- What is the lowest gdp growth recorded in Bermuda?
- The lowest recorded value was -7.0% in 2020.
- How does Bermuda rank for gdp growth?
- Bermuda ranks 148th out of 214 countries with data for 2024.
- Is gdp growth rising or falling in Bermuda?
- Over the last ten years it is up 151.0%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.