Industry (including construction), value added in Bermuda
Bermuda: Industry (including construction), value added was 4.9% in 2024. ▼ Falling
Industry (including construction), value added in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Bermuda is 4.9%, measured in 2024.
That represents a change of up 5.9% on the previous year and down 2.2% over ten years.
Over the whole period, industry (including construction), value added in Bermuda peaked at 11.1% in 2000 and was at its lowest, 4.6%, in 2023.
Bermuda ranks 204th of 208 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9% | 6.5% | 8.7% | 4 |
| 2000s | 10.0% | 9.6% | 11.1% | 6 |
| 2010s | 5.6% | 5.0% | 6.6% | 10 |
| 2020s | 5.2% | 4.6% | 5.6% | 5 |
Countries ranked near Bermuda
- 201 Hong Kong 6.2% compare
- 202 Sint Maarten (Dutch part) 6.0% compare
- 203 Micronesia (country) 5.3% compare
- 205 Macao 4.7% compare
- 206 Lebanon 2.6% compare
- 207 Sao Tome and Principe 2.2% compare
More economy & growth data for Bermuda
- Exports of goods and services 5.07 billion current LCU (2024)
- Services, value added 8.40 billion current US$ (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 industry (including construction), value added in Bermuda?
- Industry (including construction), value added in Bermuda was 4.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Bermuda?
- The highest recorded value was 11.1% in 2000.
- What is the lowest industry (including construction), value added recorded in Bermuda?
- The lowest recorded value was 4.6% in 2023.
- How does Bermuda rank for industry (including construction), value added?
- Bermuda ranks 204th out of 208 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bermuda?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.