Services, value added in Bermuda
Bermuda: Services, value added was 91.3% in 2024. ▬ Flat
Services, value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Bermuda stood at 91.3%.
The figure is down 0.2% on the previous year and up 0.5% over ten years.
Over the whole period, services, value added in Bermuda peaked at 91.5% in 2023 and was at its lowest, 88.9%, in 2010.
Bermuda ranks 4th of 205 countries on this measure, in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 89.9% | 88.9% | 90.8% | 10 |
| 2020s | 90.8% | 90.3% | 91.5% | 5 |
Countries ranked near Bermuda
- 1 Isle of Man 95.2% compare
- 2 Macao 92.0% compare
- 3 Hong Kong 91.5% compare
- 6 Sint Maarten (Dutch part) 89.3% compare
- 7 Monaco 87.2% 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 services, value added in Bermuda?
- Services, value added in Bermuda was 91.3% 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 91.5% in 2023.
- What is the lowest services, value added recorded in Bermuda?
- The lowest recorded value was 88.9% in 2010.
- How does Bermuda rank for services, value added?
- Bermuda ranks 4th 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 0.5%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 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.