Annual GDP growth in Bermuda
Bermuda: Annual GDP growth was -0.1% in 2023. ◆ Volatile
Latest (2023)
-0.1%
Change on year
down 101.4%
World rank
183rd
of 211 countries
All-time high
9.3%
in 2000
All-time low
-6.8%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Bermuda, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual gdp growth in Bermuda stood at -0.1%.
The figure is down 101.4% on the previous year and up 67.9% 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 183rd of 211 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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 | 1.2% | -6.8% | 6.4% | 4 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- External balance on goods and services as a percent of GDP 30.1% (2024)
- GDP per capita 116,514 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.3% (2024)
- Gross domestic product (GDP) 7.53 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 116,514 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -229.00 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -229.00 million current US$ (2024)
- Taxes less subsidies on products 332.49 million current LCU (2024)
- Taxes less subsidies on products 332.49 million current US$ (2024)
Frequently asked questions
- What is annual gdp growth in Bermuda?
- Annual gdp growth in Bermuda was -0.1% in 2023, 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 183rd out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Bermuda?
- Over the last ten years it is up 67.9%. 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.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)