Final consumption expenditure (constant 2015 US$) in Bermuda
Bermuda: Final consumption expenditure (constant 2015 US$) was 4.01 billion constant 2015 US$ in 2024. ▼ Falling
Final consumption expenditure in Bermuda, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for final consumption expenditure in Bermuda is 4.01 billion constant 2015 US$, measured in 2024.
That represents a change of up 1.5% on the previous year and down 1.0% over ten years.
Over the whole period, final consumption expenditure in Bermuda peaked at 4.36 billion constant 2015 US$ in 2016 and was at its lowest, 3.60 billion constant 2015 US$, in 2020.
Bermuda ranks 149th of 172 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Final consumption expenditure (constant 2015 US$) in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2014 | 4.05 billion constant 2015 US$ | — |
| 2015 | 4.07 billion constant 2015 US$ | +0.4% |
| 2016 | 4.36 billion constant 2015 US$ | +7.1% |
| 2017 | 4.12 billion constant 2015 US$ | -5.5% |
| 2018 | 3.96 billion constant 2015 US$ | -3.9% |
| 2019 | 3.92 billion constant 2015 US$ | -0.8% |
| 2020 | 3.60 billion constant 2015 US$ | -8.3% |
| 2021 | 3.70 billion constant 2015 US$ | +2.9% |
| 2022 | 3.81 billion constant 2015 US$ | +3.1% |
| 2023 | 3.95 billion constant 2015 US$ | +3.7% |
| 2024 | 4.01 billion constant 2015 US$ | +1.5% |
Bermuda compared with similar countries
- Bermuda's 4.01 billion constant 2015 US$ is below the median for high income countries, which is 177.97 billion constant 2015 US$, 2% of the median. (61 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.08 billion constant 2015 US$ | 3.92 billion constant 2015 US$ | 4.36 billion constant 2015 US$ | 6 |
| 2020s | 3.82 billion constant 2015 US$ | 3.60 billion constant 2015 US$ | 4.01 billion constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 146 Montenegro 6.20 billion constant 2015 US$ compare
- 147 Burundi 4.10 billion constant 2015 US$ compare
- 148 Maldives 4.03 billion constant 2015 US$ compare
- 150 Eswatini 3.88 billion constant 2015 US$ compare
- 151 Djibouti 3.80 billion constant 2015 US$ compare
- 152 United States Virgin Islands 3.75 billion constant 2015 US$ compare
More economy & growth data for Bermuda
- Gross national expenditure (current LCU), per unit of GDP 0.6606 current LCU per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 78,446 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5515 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), annual growth rate 11.72 % change on previous year (2024)
- Gross national expenditure (constant 2015 US$), per capita 75,565 constant 2015 US$ per person (2024)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.5312 constant 2015 US$ per US$ of GDP (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 1.79 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 93,967 current LCU per person (2024)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.4364 constant 2015 US$ per US$ of GDP (2024)
- Final consumption expenditure (constant 2015 US$), per capita 62,072 constant 2015 US$ per person (2024)
Frequently asked questions
- What is final consumption expenditure in Bermuda?
- Final consumption expenditure in Bermuda was 4.01 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Bermuda?
- The highest recorded value was 4.36 billion constant 2015 US$ in 2016.
- What is the lowest final consumption expenditure recorded in Bermuda?
- The lowest recorded value was 3.60 billion constant 2015 US$ in 2020.
- How does Bermuda rank for final consumption expenditure?
- Bermuda ranks 149th out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in Bermuda?
- Over the last ten years it is down 1.0%. The long-run trend across the full record is falling.
- 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.