GDP in Bermuda
Bermuda: GDP was 7.53 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
7.53 billion constant 2015 US$
Change on year
up 1.9%
World rank
160th
of 212 countries
All-time high
8.35 billion constant 2015 US$
in 2007
All-time low
1.68 billion constant 2015 US$
in 1960
Years of data
65
1960–2024
GDP in Bermuda, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gdp in Bermuda is 7.53 billion constant 2015 US$, measured in 2024.
The figure is up 1.9% on the previous year and up 14.0% over ten years.
Over the whole period, gdp in Bermuda peaked at 8.35 billion constant 2015 US$ in 2007 and was at its lowest, 1.68 billion constant 2015 US$, in 1960.
That places Bermuda 160th out of 212 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 65 years of available data.
GDP in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 1.68 billion constant 2015 US$ | — |
| 1961 | 1.76 billion constant 2015 US$ | +4.7% |
| 1962 | 1.84 billion constant 2015 US$ | +4.5% |
| 1963 | 1.86 billion constant 2015 US$ | +1.1% |
| 1964 | 2.07 billion constant 2015 US$ | +11.1% |
| 1965 | 2.17 billion constant 2015 US$ | +4.8% |
| 1966 | 2.48 billion constant 2015 US$ | +14.4% |
| 1967 | 2.81 billion constant 2015 US$ | +13.3% |
| 1968 | 2.87 billion constant 2015 US$ | +2.1% |
| 1969 | 2.96 billion constant 2015 US$ | +3.4% |
| 1970 | 3.15 billion constant 2015 US$ | +6.3% |
| 1971 | 3.26 billion constant 2015 US$ | +3.4% |
| 1972 | 3.32 billion constant 2015 US$ | +1.8% |
| 1973 | 3.37 billion constant 2015 US$ | +1.5% |
| 1974 | 3.40 billion constant 2015 US$ | +0.9% |
| 1975 | 3.53 billion constant 2015 US$ | +3.8% |
| 1976 | 3.84 billion constant 2015 US$ | +8.9% |
| 1977 | 4.07 billion constant 2015 US$ | +5.9% |
| 1978 | 4.13 billion constant 2015 US$ | +1.5% |
| 1979 | 4.22 billion constant 2015 US$ | +2.1% |
| 1980 | 4.55 billion constant 2015 US$ | +7.9% |
| 1981 | 4.66 billion constant 2015 US$ | +2.4% |
| 1982 | 4.41 billion constant 2015 US$ | -5.3% |
| 1983 | 4.50 billion constant 2015 US$ | +2.0% |
| 1984 | 4.52 billion constant 2015 US$ | +0.5% |
| 1985 | 4.43 billion constant 2015 US$ | -2.0% |
| 1986 | 4.73 billion constant 2015 US$ | +6.7% |
| 1987 | 4.91 billion constant 2015 US$ | +3.7% |
| 1988 | 5.10 billion constant 2015 US$ | +4.1% |
| 1989 | 5.13 billion constant 2015 US$ | +0.4% |
| 1990 | 5.13 billion constant 2015 US$ | +0.0% |
| 1991 | 4.95 billion constant 2015 US$ | -3.5% |
| 1992 | 4.94 billion constant 2015 US$ | -0.1% |
| 1993 | 5.09 billion constant 2015 US$ | +3.0% |
| 1994 | 5.12 billion constant 2015 US$ | +0.6% |
| 1995 | 5.35 billion constant 2015 US$ | +4.4% |
| 1996 | 5.49 billion constant 2015 US$ | +2.6% |
| 1997 | 5.74 billion constant 2015 US$ | +4.6% |
| 1998 | 5.96 billion constant 2015 US$ | +3.9% |
| 1999 | 6.17 billion constant 2015 US$ | +3.4% |
| 2000 | 6.74 billion constant 2015 US$ | +9.3% |
| 2001 | 7.23 billion constant 2015 US$ | +7.2% |
| 2002 | 7.12 billion constant 2015 US$ | -1.5% |
| 2003 | 7.36 billion constant 2015 US$ | +3.4% |
| 2004 | 7.53 billion constant 2015 US$ | +2.3% |
| 2005 | 7.66 billion constant 2015 US$ | +1.7% |
| 2006 | 8.08 billion constant 2015 US$ | +5.5% |
| 2007 | 8.35 billion constant 2015 US$ | +3.3% |
| 2008 | 8.20 billion constant 2015 US$ | -1.9% |
| 2009 | 7.74 billion constant 2015 US$ | -5.6% |
| 2010 | 7.54 billion constant 2015 US$ | -2.5% |
| 2011 | 7.26 billion constant 2015 US$ | -3.7% |
| 2012 | 6.88 billion constant 2015 US$ | -5.3% |
| 2013 | 6.86 billion constant 2015 US$ | -0.3% |
| 2014 | 6.60 billion constant 2015 US$ | -3.7% |
| 2015 | 6.65 billion constant 2015 US$ | +0.8% |
| 2016 | 6.61 billion constant 2015 US$ | -0.7% |
| 2017 | 6.85 billion constant 2015 US$ | +3.6% |
| 2018 | 6.82 billion constant 2015 US$ | -0.4% |
| 2019 | 6.84 billion constant 2015 US$ | +0.3% |
| 2020 | 6.36 billion constant 2015 US$ | -7.0% |
| 2021 | 6.67 billion constant 2015 US$ | +4.8% |
| 2022 | 7.08 billion constant 2015 US$ | +6.3% |
| 2023 | 7.39 billion constant 2015 US$ | +4.3% |
| 2024 | 7.53 billion constant 2015 US$ | +1.9% |
Bermuda compared with similar countries
- Bermuda's 7.53 billion constant 2015 US$ is below the median for high income countries, which is 76.03 billion constant 2015 US$, 10% of the median. (80 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.25 billion constant 2015 US$ | 1.68 billion constant 2015 US$ | 2.96 billion constant 2015 US$ | 10 |
| 1970s | 3.63 billion constant 2015 US$ | 3.15 billion constant 2015 US$ | 4.22 billion constant 2015 US$ | 10 |
| 1980s | 4.69 billion constant 2015 US$ | 4.41 billion constant 2015 US$ | 5.13 billion constant 2015 US$ | 10 |
| 1990s | 5.39 billion constant 2015 US$ | 4.94 billion constant 2015 US$ | 6.17 billion constant 2015 US$ | 10 |
| 2000s | 7.60 billion constant 2015 US$ | 6.74 billion constant 2015 US$ | 8.35 billion constant 2015 US$ | 10 |
| 2010s | 6.89 billion constant 2015 US$ | 6.60 billion constant 2015 US$ | 7.54 billion constant 2015 US$ | 10 |
| 2020s | 7.01 billion constant 2015 US$ | 6.36 billion constant 2015 US$ | 7.53 billion constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 157 Somalia 9.15 billion constant 2015 US$ compare
- 158 Mauritania 9.10 billion constant 2015 US$ compare
- 159 Equatorial Guinea 8.72 billion constant 2015 US$ compare
- 161 Isle of Man 7.10 billion constant 2015 US$ compare
- 162 Maldives 6.62 billion constant 2015 US$ compare
- 163 Barbados 6.50 billion constant 2015 US$ 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 gdp in Bermuda?
- Gdp in Bermuda was 7.53 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Bermuda?
- The highest recorded value was 8.35 billion constant 2015 US$ in 2007.
- What is the lowest gdp recorded in Bermuda?
- The lowest recorded value was 1.68 billion constant 2015 US$ in 1960.
- How does Bermuda rank for gdp?
- Bermuda ranks 160th out of 212 countries with data for 2024.
- Is gdp rising or falling in Bermuda?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is rising.
- 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 GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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.