Annual growth of the gross capital formation in Bermuda
Bermuda: Annual growth of the gross capital formation was 3.3% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Bermuda, 2015–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Bermuda stood at 3.3%.
The figure is up 262.0% on the previous year and up 169.9% over ten years.
Over the whole period, annual growth of the gross capital formation in Bermuda peaked at 15.4% in 2016 and was at its lowest, -24.7%, in 2020.
Bermuda ranks 78th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 2015 | 1.2% | — |
| 2016 | 15.4% | +1156.1% |
| 2017 | 7.4% | -52.2% |
| 2018 | -1.7% | -122.5% |
| 2019 | 11.7% | -805.4% |
| 2020 | -24.7% | -310.8% |
| 2021 | 9.7% | -139.2% |
| 2022 | -3.2% | -133.2% |
| 2023 | -2.0% | -36.1% |
| 2024 | 3.3% | -262.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.8% | -1.7% | 15.4% | 5 |
| 2020s | -3.4% | -24.7% | 9.7% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7413 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), annual 4.66 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7902 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 112,409 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 6,143 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant 2015 US$) 4.66 % change on previous year (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Bermuda?
- Annual growth of the gross capital formation in Bermuda was 3.3% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Bermuda?
- The highest recorded value was 15.4% in 2016.
- What is the lowest annual growth of the gross capital formation recorded in Bermuda?
- The lowest recorded value was -24.7% in 2020.
- How does Bermuda rank for annual growth of the gross capital formation?
- Bermuda ranks 78th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Bermuda?
- Over the last ten years it is up 169.9%. 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 growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).