GDP in Bermuda
Bermuda: GDP was 9.19 billion current US$ in 2024. ◆ Volatile
Latest (2024)
9.19 billion current US$
Change on year
up 6.9%
World rank
160th
of 214 countries
All-time high
9.19 billion current US$
in 2024
All-time low
72.40 million current 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 current US$.
Analysis
In 2024, gdp in Bermuda stood at 9.19 billion current US$. That is the highest value across all 65 years on record.
The figure 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 US$ in 2024 and was at its lowest, 72.40 million current US$, in 1960.
That places Bermuda 160th out of 214 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 72.40 million current US$ | — |
| 1961 | 76.50 million current US$ | +5.7% |
| 1962 | 80.70 million current US$ | +5.5% |
| 1963 | 82.60 million current US$ | +2.4% |
| 1964 | 92.20 million current US$ | +11.6% |
| 1965 | 98.00 million current US$ | +6.3% |
| 1966 | 115.00 million current US$ | +17.3% |
| 1967 | 134.80 million current US$ | +17.2% |
| 1968 | 150.00 million current US$ | +11.3% |
| 1969 | 164.90 million current US$ | +9.9% |
| 1970 | 186.30 million current US$ | +13.0% |
| 1971 | 211.10 million current US$ | +13.3% |
| 1972 | 235.40 million current US$ | +11.5% |
| 1973 | 269.50 million current US$ | +14.5% |
| 1974 | 312.60 million current US$ | +16.0% |
| 1975 | 345.00 million current US$ | +10.4% |
| 1976 | 386.30 million current US$ | +12.0% |
| 1977 | 447.00 million current US$ | +15.7% |
| 1978 | 475.80 million current US$ | +6.4% |
| 1979 | 517.20 million current US$ | +8.7% |
| 1980 | 613.30 million current US$ | +18.6% |
| 1981 | 739.10 million current US$ | +20.5% |
| 1982 | 785.50 million current US$ | +6.3% |
| 1983 | 889.40 million current US$ | +13.2% |
| 1984 | 985.70 million current US$ | +10.8% |
| 1985 | 1.04 billion current US$ | +5.5% |
| 1986 | 1.17 billion current US$ | +12.9% |
| 1987 | 1.30 billion current US$ | +10.5% |
| 1988 | 1.42 billion current US$ | +9.1% |
| 1989 | 1.50 billion current US$ | +6.1% |
| 1990 | 1.59 billion current US$ | +6.1% |
| 1991 | 1.63 billion current US$ | +2.7% |
| 1992 | 1.68 billion current US$ | +2.8% |
| 1993 | 1.82 billion current US$ | +8.4% |
| 1994 | 1.87 billion current US$ | +2.6% |
| 1995 | 2.03 billion current US$ | +8.8% |
| 1996 | 2.70 billion current US$ | +32.7% |
| 1997 | 2.93 billion current US$ | +8.8% |
| 1998 | 3.13 billion current US$ | +6.7% |
| 1999 | 3.32 billion current US$ | +6.2% |
| 2000 | 3.48 billion current US$ | +4.7% |
| 2001 | 3.68 billion current US$ | +5.8% |
| 2002 | 3.94 billion current US$ | +7.0% |
| 2003 | 4.19 billion current US$ | +6.3% |
| 2004 | 4.48 billion current US$ | +7.1% |
| 2005 | 4.87 billion current US$ | +8.5% |
| 2006 | 6.14 billion current US$ | +26.2% |
| 2007 | 6.77 billion current US$ | +10.1% |
| 2008 | 6.98 billion current US$ | +3.1% |
| 2009 | 6.66 billion current US$ | -4.6% |
| 2010 | 6.63 billion current US$ | -0.3% |
| 2011 | 6.31 billion current US$ | -4.9% |
| 2012 | 6.38 billion current US$ | +1.0% |
| 2013 | 6.47 billion current US$ | +1.4% |
| 2014 | 6.41 billion current US$ | -0.8% |
| 2015 | 6.65 billion current US$ | +3.8% |
| 2016 | 6.90 billion current US$ | +3.7% |
| 2017 | 7.14 billion current US$ | +3.5% |
| 2018 | 7.23 billion current US$ | +1.2% |
| 2019 | 7.42 billion current US$ | +2.7% |
| 2020 | 6.89 billion current US$ | -7.2% |
| 2021 | 7.29 billion current US$ | +5.8% |
| 2022 | 7.77 billion current US$ | +6.6% |
| 2023 | 8.60 billion current US$ | +10.7% |
| 2024 | 9.19 billion current US$ | +6.9% |
Bermuda compared with similar countries
- Bermuda's 9.19 billion current US$ is below the median for high income countries, which is 102.03 billion current US$, 9% of the median. (82 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 106.71 million current US$ | 72.40 million current US$ | 164.90 million current US$ | 10 |
| 1970s | 338.62 million current US$ | 186.30 million current US$ | 517.20 million current US$ | 10 |
| 1980s | 1.04 billion current US$ | 613.30 million current US$ | 1.50 billion current US$ | 10 |
| 1990s | 2.27 billion current US$ | 1.59 billion current US$ | 3.32 billion current US$ | 10 |
| 2000s | 5.12 billion current US$ | 3.48 billion current US$ | 6.98 billion current US$ | 10 |
| 2010s | 6.76 billion current US$ | 6.31 billion current US$ | 7.42 billion current US$ | 10 |
| 2020s | 7.95 billion current US$ | 6.89 billion current US$ | 9.19 billion current US$ | 5 |
Countries ranked near Bermuda
- 157 Mauritania 11.68 billion current US$ compare
- 158 Monaco 11.13 billion current US$ compare
- 159 Montenegro 9.23 billion current US$ compare
- 161 Liechtenstein 8.91 billion current US$ compare
- 162 New Caledonia 8.55 billion current US$ compare
- 163 Barbados 8.02 billion current US$ compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU 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 unit 0.0128 BoP, current US$ per US$ of GDP (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 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 9.19 billion current US$ in 2024.
- What is the lowest gdp recorded in Bermuda?
- The lowest recorded value was 72.40 million current US$ in 1960.
- How does Bermuda rank for gdp?
- Bermuda ranks 160th 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 US$). Statizoid updates them automatically from the source API.
Download this data
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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 indicator is expressed in United States dollars.