GDP in Bermuda
Bermuda: GDP was 9.19 billion current LCU in 2024. ◆ Volatile
Latest (2024)
9.19 billion current LCU
Change on year
up 6.9%
World rank
183rd
of 214 countries
All-time high
9.19 billion current LCU
in 2024
All-time low
72.40 million current 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 current LCU.
Analysis
The most recent figure for gdp in Bermuda is 9.19 billion current LCU, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 43.4% over ten years.
Over the whole period, gdp in Bermuda peaked at 9.19 billion current LCU in 2024 and was at its lowest, 72.40 million current LCU, in 1960.
That places Bermuda 183rd out of 214 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 72.40 million current LCU | — |
| 1961 | 76.50 million current LCU | +5.7% |
| 1962 | 80.70 million current LCU | +5.5% |
| 1963 | 82.60 million current LCU | +2.4% |
| 1964 | 92.20 million current LCU | +11.6% |
| 1965 | 98.00 million current LCU | +6.3% |
| 1966 | 115.00 million current LCU | +17.3% |
| 1967 | 134.80 million current LCU | +17.2% |
| 1968 | 150.00 million current LCU | +11.3% |
| 1969 | 164.90 million current LCU | +9.9% |
| 1970 | 186.30 million current LCU | +13.0% |
| 1971 | 211.10 million current LCU | +13.3% |
| 1972 | 235.40 million current LCU | +11.5% |
| 1973 | 269.50 million current LCU | +14.5% |
| 1974 | 312.60 million current LCU | +16.0% |
| 1975 | 345.00 million current LCU | +10.4% |
| 1976 | 386.30 million current LCU | +12.0% |
| 1977 | 447.00 million current LCU | +15.7% |
| 1978 | 475.80 million current LCU | +6.4% |
| 1979 | 517.20 million current LCU | +8.7% |
| 1980 | 613.30 million current LCU | +18.6% |
| 1981 | 739.10 million current LCU | +20.5% |
| 1982 | 785.50 million current LCU | +6.3% |
| 1983 | 889.40 million current LCU | +13.2% |
| 1984 | 985.70 million current LCU | +10.8% |
| 1985 | 1.04 billion current LCU | +5.5% |
| 1986 | 1.17 billion current LCU | +12.9% |
| 1987 | 1.30 billion current LCU | +10.5% |
| 1988 | 1.42 billion current LCU | +9.1% |
| 1989 | 1.50 billion current LCU | +6.1% |
| 1990 | 1.59 billion current LCU | +6.1% |
| 1991 | 1.63 billion current LCU | +2.7% |
| 1992 | 1.68 billion current LCU | +2.8% |
| 1993 | 1.82 billion current LCU | +8.4% |
| 1994 | 1.87 billion current LCU | +2.6% |
| 1995 | 2.03 billion current LCU | +8.8% |
| 1996 | 2.70 billion current LCU | +32.7% |
| 1997 | 2.93 billion current LCU | +8.8% |
| 1998 | 3.13 billion current LCU | +6.7% |
| 1999 | 3.32 billion current LCU | +6.2% |
| 2000 | 3.48 billion current LCU | +4.7% |
| 2001 | 3.68 billion current LCU | +5.8% |
| 2002 | 3.94 billion current LCU | +7.0% |
| 2003 | 4.19 billion current LCU | +6.3% |
| 2004 | 4.48 billion current LCU | +7.1% |
| 2005 | 4.87 billion current LCU | +8.5% |
| 2006 | 6.14 billion current LCU | +26.2% |
| 2007 | 6.77 billion current LCU | +10.1% |
| 2008 | 6.98 billion current LCU | +3.1% |
| 2009 | 6.66 billion current LCU | -4.6% |
| 2010 | 6.63 billion current LCU | -0.3% |
| 2011 | 6.31 billion current LCU | -4.9% |
| 2012 | 6.38 billion current LCU | +1.0% |
| 2013 | 6.47 billion current LCU | +1.4% |
| 2014 | 6.41 billion current LCU | -0.8% |
| 2015 | 6.65 billion current LCU | +3.8% |
| 2016 | 6.90 billion current LCU | +3.7% |
| 2017 | 7.14 billion current LCU | +3.5% |
| 2018 | 7.23 billion current LCU | +1.2% |
| 2019 | 7.42 billion current LCU | +2.7% |
| 2020 | 6.89 billion current LCU | -7.2% |
| 2021 | 7.29 billion current LCU | +5.8% |
| 2022 | 7.77 billion current LCU | +6.6% |
| 2023 | 8.60 billion current LCU | +10.7% |
| 2024 | 9.19 billion current LCU | +6.9% |
Bermuda compared with similar countries
- Bermuda's 9.19 billion current LCU is below the median for high income countries, which is 211.72 billion current LCU, 4% of the median. (82 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 106.71 million current LCU | 72.40 million current LCU | 164.90 million current LCU | 10 |
| 1970s | 338.62 million current LCU | 186.30 million current LCU | 517.20 million current LCU | 10 |
| 1980s | 1.04 billion current LCU | 613.30 million current LCU | 1.50 billion current LCU | 10 |
| 1990s | 2.27 billion current LCU | 1.59 billion current LCU | 3.32 billion current LCU | 10 |
| 2000s | 5.12 billion current LCU | 3.48 billion current LCU | 6.98 billion current LCU | 10 |
| 2010s | 6.76 billion current LCU | 6.31 billion current LCU | 7.42 billion current LCU | 10 |
| 2020s | 7.95 billion current LCU | 6.89 billion current LCU | 9.19 billion current LCU | 5 |
Countries ranked near Bermuda
- 181 Monaco 10.28 billion current LCU compare
- 182 Channel Islands 10.06 billion current LCU compare
- 184 Montenegro 8.17 billion current LCU compare
- 185 Liechtenstein 7.84 billion current LCU compare
- 186 Aruba 7.46 billion current LCU 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 9.19 billion current 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 9.19 billion current LCU in 2024.
- What is the lowest gdp recorded in Bermuda?
- The lowest recorded value was 72.40 million current LCU in 1960.
- How does Bermuda rank for gdp?
- Bermuda ranks 183rd out of 214 countries with data for 2024.
- Is gdp rising or falling in Bermuda?
- Over the last ten years it is up 43.4%. 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 GDP (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.