Inflation, GDP deflator in Bermuda
Bermuda: Inflation, GDP deflator was 4.9% in 2024. ◆ Volatile
Inflation, GDP deflator in Bermuda, 1961–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2024, inflation, gdp deflator in Bermuda stood at 4.9%.
That represents a change of down 20.2% on the previous year and up 62.8% over ten years.
Over the whole period, inflation, gdp deflator in Bermuda peaked at 29.4% in 1996 and was at its lowest, -4.2%, in 2000.
That places Bermuda 66th out of 213 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 | 2.9% | 0.5% | 9.0% | 9 |
| 1970s | 8.3% | 2.8% | 15.0% | 10 |
| 1980s | 9.2% | 4.9% | 17.7% | 10 |
| 1990s | 6.5% | 2.0% | 29.4% | 10 |
| 2000s | 5.0% | -4.2% | 19.6% | 10 |
| 2010s | 2.4% | -1.2% | 6.7% | 10 |
| 2020s | 2.4% | -0.3% | 6.1% | 5 |
Countries ranked near Bermuda
- 63 United States Virgin Islands 5.0% compare
- 64 Solomon Islands 5.0% compare
- 65 Saint Vincent and the Grenadines 4.9% compare
- 67 Russia 4.9% compare
- 68 Jamaica 4.8% compare
- 69 Tajikistan 4.8% compare
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 inflation, gdp deflator in Bermuda?
- Inflation, gdp deflator in Bermuda was 4.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Bermuda?
- The highest recorded value was 29.4% in 1996.
- What is the lowest inflation, gdp deflator recorded in Bermuda?
- The lowest recorded value was -4.2% in 2000.
- How does Bermuda rank for inflation, gdp deflator?
- Bermuda ranks 66th out of 213 countries with data for 2024.
- Is inflation, gdp deflator rising or falling in Bermuda?
- Over the last ten years it is up 62.8%. 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 Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.