Services, value added in Bermuda
Bermuda: Services, value added was 8.40 billion current US$ in 2024. ▲ Rising
Services, value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, services, value added in Bermuda stood at 8.40 billion current US$. That is the highest value across all 15 years on record.
The figure is up 6.7% on the previous year and up 44.1% over ten years.
Over the whole period, services, value added in Bermuda peaked at 8.40 billion current US$ in 2024 and was at its lowest, 5.67 billion current US$, in 2011.
Bermuda ranks 142nd of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.07 billion current US$ | 5.67 billion current US$ | 6.62 billion current US$ | 10 |
| 2020s | 7.22 billion current US$ | 6.22 billion current US$ | 8.40 billion current US$ | 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 services, value added in Bermuda?
- Services, value added in Bermuda was 8.40 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Bermuda?
- The highest recorded value was 8.40 billion current US$ in 2024.
- What is the lowest services, value added recorded in Bermuda?
- The lowest recorded value was 5.67 billion current US$ in 2011.
- How does Bermuda rank for services, value added?
- Bermuda ranks 142nd out of 205 countries with data for 2024.
- Is services, value added rising or falling in Bermuda?
- Over the last ten years it is up 44.1%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.