GDP in Bermuda
Bermuda: GDP was 7.10 billion constant LCU in 2024. ▲ Rising
Latest (2024)
7.10 billion constant LCU
Change on year
up 1.9%
World rank
182nd
of 215 countries
All-time high
7.88 billion constant LCU
in 2007
All-time low
1.59 billion constant LCU
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 LCU.
Analysis
The most recent figure for gdp in Bermuda is 7.10 billion constant LCU, measured in 2024.
That represents a change of up 1.9% on the previous year and up 14.0% over ten years.
Over the whole period, gdp in Bermuda peaked at 7.88 billion constant LCU in 2007 and was at its lowest, 1.59 billion constant LCU, in 1960.
Bermuda ranks 182nd of 215 countries on this measure, 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 LCU | Change |
|---|---|---|
| 1960 | 1.59 billion constant LCU | — |
| 1961 | 1.66 billion constant LCU | +4.7% |
| 1962 | 1.74 billion constant LCU | +4.5% |
| 1963 | 1.76 billion constant LCU | +1.1% |
| 1964 | 1.95 billion constant LCU | +11.1% |
| 1965 | 2.04 billion constant LCU | +4.8% |
| 1966 | 2.34 billion constant LCU | +14.4% |
| 1967 | 2.65 billion constant LCU | +13.3% |
| 1968 | 2.70 billion constant LCU | +2.1% |
| 1969 | 2.80 billion constant LCU | +3.4% |
| 1970 | 2.97 billion constant LCU | +6.3% |
| 1971 | 3.07 billion constant LCU | +3.4% |
| 1972 | 3.13 billion constant LCU | +1.8% |
| 1973 | 3.18 billion constant LCU | +1.5% |
| 1974 | 3.20 billion constant LCU | +0.9% |
| 1975 | 3.33 billion constant LCU | +3.8% |
| 1976 | 3.62 billion constant LCU | +8.9% |
| 1977 | 3.84 billion constant LCU | +5.9% |
| 1978 | 3.89 billion constant LCU | +1.5% |
| 1979 | 3.98 billion constant LCU | +2.1% |
| 1980 | 4.29 billion constant LCU | +7.9% |
| 1981 | 4.39 billion constant LCU | +2.4% |
| 1982 | 4.16 billion constant LCU | -5.3% |
| 1983 | 4.24 billion constant LCU | +2.0% |
| 1984 | 4.26 billion constant LCU | +0.5% |
| 1985 | 4.18 billion constant LCU | -2.0% |
| 1986 | 4.46 billion constant LCU | +6.7% |
| 1987 | 4.63 billion constant LCU | +3.7% |
| 1988 | 4.81 billion constant LCU | +4.1% |
| 1989 | 4.83 billion constant LCU | +0.4% |
| 1990 | 4.84 billion constant LCU | +0.0% |
| 1991 | 4.66 billion constant LCU | -3.5% |
| 1992 | 4.66 billion constant LCU | -0.1% |
| 1993 | 4.80 billion constant LCU | +3.0% |
| 1994 | 4.83 billion constant LCU | +0.6% |
| 1995 | 5.04 billion constant LCU | +4.4% |
| 1996 | 5.17 billion constant LCU | +2.6% |
| 1997 | 5.41 billion constant LCU | +4.6% |
| 1998 | 5.62 billion constant LCU | +3.9% |
| 1999 | 5.81 billion constant LCU | +3.4% |
| 2000 | 6.36 billion constant LCU | +9.3% |
| 2001 | 6.81 billion constant LCU | +7.2% |
| 2002 | 6.71 billion constant LCU | -1.5% |
| 2003 | 6.94 billion constant LCU | +3.4% |
| 2004 | 7.10 billion constant LCU | +2.3% |
| 2005 | 7.22 billion constant LCU | +1.7% |
| 2006 | 7.62 billion constant LCU | +5.5% |
| 2007 | 7.88 billion constant LCU | +3.3% |
| 2008 | 7.73 billion constant LCU | -1.9% |
| 2009 | 7.30 billion constant LCU | -5.6% |
| 2010 | 7.11 billion constant LCU | -2.5% |
| 2011 | 6.85 billion constant LCU | -3.7% |
| 2012 | 6.48 billion constant LCU | -5.3% |
| 2013 | 6.47 billion constant LCU | -0.3% |
| 2014 | 6.23 billion constant LCU | -3.7% |
| 2015 | 6.27 billion constant LCU | +0.8% |
| 2016 | 6.23 billion constant LCU | -0.7% |
| 2017 | 6.46 billion constant LCU | +3.6% |
| 2018 | 6.43 billion constant LCU | -0.4% |
| 2019 | 6.45 billion constant LCU | +0.3% |
| 2020 | 6.00 billion constant LCU | -7.0% |
| 2021 | 6.29 billion constant LCU | +4.8% |
| 2022 | 6.68 billion constant LCU | +6.3% |
| 2023 | 6.97 billion constant LCU | +4.3% |
| 2024 | 7.10 billion constant LCU | +1.9% |
Bermuda compared with similar countries
- Bermuda's 7.10 billion constant LCU is below the median for high income countries, which is 153.70 billion constant LCU, 5% of the median. (83 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.12 billion constant LCU | 1.59 billion constant LCU | 2.80 billion constant LCU | 10 |
| 1970s | 3.42 billion constant LCU | 2.97 billion constant LCU | 3.98 billion constant LCU | 10 |
| 1980s | 4.43 billion constant LCU | 4.16 billion constant LCU | 4.83 billion constant LCU | 10 |
| 1990s | 5.09 billion constant LCU | 4.66 billion constant LCU | 5.81 billion constant LCU | 10 |
| 2000s | 7.17 billion constant LCU | 6.36 billion constant LCU | 7.88 billion constant LCU | 10 |
| 2010s | 6.50 billion constant LCU | 6.23 billion constant LCU | 7.11 billion constant LCU | 10 |
| 2020s | 6.61 billion constant LCU | 6.00 billion constant LCU | 7.10 billion constant LCU | 5 |
Countries ranked near Bermuda
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 7.10 billion constant LCU 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 7.88 billion constant LCU in 2007.
- What is the lowest gdp recorded in Bermuda?
- The lowest recorded value was 1.59 billion constant LCU in 1960.
- How does Bermuda rank for gdp?
- Bermuda ranks 182nd out of 215 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 LCU). 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 varies by country. This series is expressed in local currency units.