GDP (current LCU), annual growth rate in Bermuda
Bermuda: GDP (current LCU), annual growth rate was 6.88 % change on previous year in 2024. ◆ Volatile
Latest (2024)
6.88 % change on previous year
Change on year
down 35.9%
World rank
106th
of 212 countries
All-time high
32.73 % change on previous year
in 1996
All-time low
-7.22 % change on previous year
in 2020
Years of data
64
1961–2024
GDP (current LCU), annual growth rate in Bermuda, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (current lcu), annual growth rate in Bermuda stood at 6.88 % change on previous year.
Compared with earlier readings it is down 35.9% on the previous year and up 959.7% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Bermuda peaked at 32.73 % change on previous year in 1996 and was at its lowest, -7.22 % change on previous year, in 2020.
That places Bermuda 106th out of 212 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 5.66 % change on previous year | — |
| 1962 | 5.49 % change on previous year | -3.1% |
| 1963 | 2.35 % change on previous year | -57.1% |
| 1964 | 11.62 % change on previous year | +393.6% |
| 1965 | 6.29 % change on previous year | -45.9% |
| 1966 | 17.35 % change on previous year | +175.8% |
| 1967 | 17.22 % change on previous year | -0.7% |
| 1968 | 11.28 % change on previous year | -34.5% |
| 1969 | 9.93 % change on previous year | -11.9% |
| 1970 | 12.98 % change on previous year | +30.6% |
| 1971 | 13.31 % change on previous year | +2.6% |
| 1972 | 11.51 % change on previous year | -13.5% |
| 1973 | 14.49 % change on previous year | +25.8% |
| 1974 | 15.99 % change on previous year | +10.4% |
| 1975 | 10.36 % change on previous year | -35.2% |
| 1976 | 11.97 % change on previous year | +15.5% |
| 1977 | 15.71 % change on previous year | +31.3% |
| 1978 | 6.44 % change on previous year | -59.0% |
| 1979 | 8.7 % change on previous year | +35.0% |
| 1980 | 18.58 % change on previous year | +113.5% |
| 1981 | 20.51 % change on previous year | +10.4% |
| 1982 | 6.28 % change on previous year | -69.4% |
| 1983 | 13.23 % change on previous year | +110.7% |
| 1984 | 10.83 % change on previous year | -18.1% |
| 1985 | 5.46 % change on previous year | -49.6% |
| 1986 | 12.89 % change on previous year | +136.2% |
| 1987 | 10.48 % change on previous year | -18.7% |
| 1988 | 9.15 % change on previous year | -12.7% |
| 1989 | 6.11 % change on previous year | -33.3% |
| 1990 | 6.05 % change on previous year | -0.8% |
| 1991 | 2.67 % change on previous year | -55.9% |
| 1992 | 2.75 % change on previous year | +3.1% |
| 1993 | 8.36 % change on previous year | +203.8% |
| 1994 | 2.57 % change on previous year | -69.3% |
| 1995 | 8.76 % change on previous year | +240.8% |
| 1996 | 32.73 % change on previous year | +273.6% |
| 1997 | 8.81 % change on previous year | -73.1% |
| 1998 | 6.75 % change on previous year | -23.4% |
| 1999 | 6.19 % change on previous year | -8.3% |
| 2000 | 4.69 % change on previous year | -24.2% |
| 2001 | 5.75 % change on previous year | +22.8% |
| 2002 | 6.98 % change on previous year | +21.2% |
| 2003 | 6.33 % change on previous year | -9.2% |
| 2004 | 7.12 % change on previous year | +12.5% |
| 2005 | 8.55 % change on previous year | +20.0% |
| 2006 | 26.21 % change on previous year | +206.5% |
| 2007 | 10.14 % change on previous year | -61.3% |
| 2008 | 3.15 % change on previous year | -69.0% |
| 2009 | -4.64 % change on previous year | -247.5% |
| 2010 | -0.3226 % change on previous year | -93.1% |
| 2011 | -4.85 % change on previous year | +1403.9% |
| 2012 | 1.04 % change on previous year | -121.4% |
| 2013 | 1.37 % change on previous year | +32.3% |
| 2014 | -0.8007 % change on previous year | -158.3% |
| 2015 | 3.75 % change on previous year | -568.4% |
| 2016 | 3.69 % change on previous year | -1.7% |
| 2017 | 3.51 % change on previous year | -4.7% |
| 2018 | 1.17 % change on previous year | -66.7% |
| 2019 | 2.73 % change on previous year | +133.3% |
| 2020 | -7.22 % change on previous year | -364.2% |
| 2021 | 5.85 % change on previous year | -181.0% |
| 2022 | 6.55 % change on previous year | +12.1% |
| 2023 | 10.74 % change on previous year | +63.9% |
| 2024 | 6.88 % change on previous year | -35.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.69 % change on previous year | 2.35 % change on previous year | 17.35 % change on previous year | 9 |
| 1970s | 12.15 % change on previous year | 6.44 % change on previous year | 15.99 % change on previous year | 10 |
| 1980s | 11.35 % change on previous year | 5.46 % change on previous year | 20.51 % change on previous year | 10 |
| 1990s | 8.56 % change on previous year | 2.57 % change on previous year | 32.73 % change on previous year | 10 |
| 2000s | 7.43 % change on previous year | -4.64 % change on previous year | 26.21 % change on previous year | 10 |
| 2010s | 1.13 % change on previous year | -4.85 % change on previous year | 3.75 % change on previous year | 10 |
| 2020s | 4.56 % change on previous year | -7.22 % change on previous year | 10.74 % change on previous year | 5 |
Countries ranked near Bermuda
- 103 Palestine 7.18 % change on previous year compare
- 104 Central African Republic 6.95 % change on previous year compare
- 105 Montenegro 6.88 % change on previous year compare
- 107 Hungary 6.81 % change on previous year compare
- 108 Morocco 6.79 % change on previous year compare
- 109 Dominican Republic 6.68 % change on previous year compare
More economy & growth data for Bermuda
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant LCU), per capita 109,864 constant LCU per person (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9798 current US$ per US$ of GDP (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 116,514 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8191 constant 2015 US$ per US$ of GDP (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (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 (constant LCU), per unit of GDP 0.7723 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Bermuda?
- Gdp (current lcu), annual growth rate in Bermuda was 6.88 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Bermuda?
- The highest recorded value was 32.73 % change on previous year in 1996.
- What is the lowest gdp (current lcu), annual growth rate recorded in Bermuda?
- The lowest recorded value was -7.22 % change on previous year in 2020.
- How does Bermuda rank for gdp (current lcu), annual growth rate?
- Bermuda ranks 106th out of 212 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 959.7%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.