Discrepancy in expenditure estimate of GDP in Bermuda
Bermuda: Discrepancy in expenditure estimate of GDP was 6.95 million constant LCU in 2024. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Bermuda, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Bermuda recorded 6.95 million constant LCU for discrepancy in expenditure estimate of gdp in 2024.
The figure is down 97.5% on the previous year and up 103.8% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp in Bermuda peaked at 276.05 million constant LCU in 2023 and was at its lowest, -922.88 million constant LCU, in 2016.
Bermuda ranks 49th of 153 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.
Discrepancy in expenditure estimate of GDP in Bermuda, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2014 | -182.75 million constant LCU | — |
| 2015 | -324.70 million constant LCU | +77.7% |
| 2016 | -922.88 million constant LCU | +184.2% |
| 2017 | -207.51 million constant LCU | -77.5% |
| 2018 | -162.34 million constant LCU | -21.8% |
| 2019 | -86.68 million constant LCU | -46.6% |
| 2020 | -6.98 million constant LCU | -91.9% |
| 2021 | 96.15 million constant LCU | -1477.3% |
| 2022 | 230.41 million constant LCU | +139.6% |
| 2023 | 276.05 million constant LCU | +19.8% |
| 2024 | 6.95 million constant LCU | -97.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -314.48 million constant LCU | -922.88 million constant LCU | -86.68 million constant LCU | 6 |
| 2020s | 120.51 million constant LCU | -6.98 million constant LCU | 276.05 million constant LCU | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 105,450 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.88 % change on previous year (2024)
- GDP (current US$), per capita 142,250 current US$ per person (2024)
- GDP (current LCU), annual growth rate 6.88 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 142,250 current LCU per person (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant LCU), per capita 109,864 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.7723 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Bermuda?
- Discrepancy in expenditure estimate of gdp in Bermuda was 6.95 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Bermuda?
- The highest recorded value was 276.05 million constant LCU in 2023.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Bermuda?
- The lowest recorded value was -922.88 million constant LCU in 2016.
- How does Bermuda rank for discrepancy in expenditure estimate of gdp?
- Bermuda ranks 49th out of 153 countries with data for 2024.
- Is discrepancy in expenditure estimate of gdp rising or falling in Bermuda?
- Over the last ten years it is up 103.8%. The long-run trend across the full record is volatile.
- 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 Discrepancy in expenditure estimate of GDP (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.