Annual GDP growth in Bermuda
Bermuda: Annual GDP growth was 6.0% in 2024. ◆ Volatile
Annual GDP growth in Bermuda, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Bermuda stood at 6.0%.
The figure is up 21.3% on the previous year and up 261.4% over ten years.
Over the whole period, annual gdp growth in Bermuda peaked at 9.3% in 2000 and was at its lowest, -6.8%, in 2020.
Bermuda ranks 28th of 212 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 9.3% | — |
| 2001 | 7.2% | -22.5% |
| 2002 | -1.5% | -120.5% |
| 2003 | 3.4% | -330.4% |
| 2004 | 2.3% | -32.0% |
| 2005 | 1.7% | -28.0% |
| 2006 | 5.5% | +231.7% |
| 2007 | 3.4% | -39.5% |
| 2008 | -1.9% | -155.8% |
| 2009 | -5.6% | +201.1% |
| 2010 | -2.5% | -55.6% |
| 2011 | -3.7% | +49.6% |
| 2012 | -5.3% | +42.0% |
| 2013 | -0.3% | -94.7% |
| 2014 | -3.7% | +1221.4% |
| 2015 | 0.8% | -121.1% |
| 2016 | -0.7% | -184.6% |
| 2017 | 3.6% | -647.0% |
| 2018 | -0.4% | -111.9% |
| 2019 | 0.3% | -172.1% |
| 2020 | -6.8% | -2303.2% |
| 2021 | 4.6% | -167.5% |
| 2022 | 6.5% | +40.6% |
| 2023 | 4.9% | -24.1% |
| 2024 | 6.0% | +21.3% |
Bermuda compared with similar countries
- Bermuda's 6.0% is above the median for high income countries, which is 2.1%, 2.8× the median. (83 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -2303.2% | 0.3% | -6.8% |
| 2014 | -1221.4% | -0.3% | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.4% | -5.6% | 9.3% | 10 |
| 2010s | -1.2% | -5.3% | 3.6% | 10 |
| 2020s | 3.0% | -6.8% | 6.5% | 5 |
Countries ranked near Bermuda
- 26 Cote d'Ivoire 6.0% compare
- 27 Cambodia 6.0% compare
- 29 Armenia 5.9% compare
- 30 Cayman Islands 5.8% compare
- 31 Philippines 5.7% compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is annual gdp growth in Bermuda?
- Annual gdp growth in Bermuda was 6.0% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Bermuda?
- The highest recorded value was 9.3% in 2000.
- What is the lowest annual gdp growth recorded in Bermuda?
- The lowest recorded value was -6.8% in 2020.
- How does Bermuda rank for annual gdp growth?
- Bermuda ranks 28th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Bermuda?
- Over the last ten years it is up 261.4%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).