Taxes less subsidies on products in Bermuda
Bermuda: Taxes less subsidies on products was 332.49 million current LCU in 2024. ▲ Rising
Taxes less subsidies on products in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, taxes less subsidies on products in Bermuda stood at 332.49 million current LCU. That is the highest value across all 25 years on record.
That represents a change of up 4.4% on the previous year and up 30.6% over ten years.
Over the whole period, taxes less subsidies on products in Bermuda peaked at 332.49 million current LCU in 2024 and was at its lowest, 142.03 million current LCU, in 1996.
Bermuda ranks 177th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 154.82 million current LCU | 142.03 million current LCU | 173.69 million current LCU | 4 |
| 2000s | 200.16 million current LCU | 183.75 million current LCU | 231.31 million current LCU | 6 |
| 2010s | 286.28 million current LCU | 249.56 million current LCU | 321.96 million current LCU | 10 |
| 2020s | 300.27 million current LCU | 260.09 million current LCU | 332.49 million current LCU | 5 |
Countries ranked near Bermuda
- 174 Saint Kitts and Nevis 406.86 million current LCU compare
- 175 Andorra 356.04 million current LCU compare
- 176 Cayman Islands 347.01 million current LCU compare
- 178 Dominica 323.73 million current LCU compare
- 179 Turks and Caicos Islands 308.51 million current LCU compare
- 180 Solomon Islands 266.39 million current LCU 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 taxes less subsidies on products in Bermuda?
- Taxes less subsidies on products in Bermuda was 332.49 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Bermuda?
- The highest recorded value was 332.49 million current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Bermuda?
- The lowest recorded value was 142.03 million current LCU in 1996.
- How does Bermuda rank for taxes less subsidies on products?
- Bermuda ranks 177th out of 198 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Bermuda?
- Over the last ten years it is up 30.6%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.