Gross domestic product (GDP) in Bermuda
Bermuda: Gross domestic product (GDP) was 4.02 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
4.02 billion international-$ in 2021 prices
Change on year
up 6.0%
World rank
171st
of 184 countries
All-time high
4.89 billion international-$ in 2021 prices
in 2011
All-time low
670.05 million international-$ in 2021 prices
in 1970
Years of data
29
1970–2023
Gross domestic product (GDP) in Bermuda, 1970–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Bermuda is 4.02 billion international-$ in 2021 prices, measured in 2023.
The figure is up 6.0% on the previous year and up 17.1% over ten years.
Over the whole period, gross domestic product (gdp) in Bermuda peaked at 4.89 billion international-$ in 2021 prices in 2011 and was at its lowest, 670.05 million international-$ in 2021 prices, in 1970.
Bermuda ranks 171st of 184 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Gross domestic product (GDP) in Bermuda, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 670.05 million international-$ in 2021 prices | — |
| 1971 | 1.29 billion international-$ in 2021 prices | +92.2% |
| 1972 | 1.04 billion international-$ in 2021 prices | -18.9% |
| 1973 | 1.01 billion international-$ in 2021 prices | -3.0% |
| 1974 | 814.90 million international-$ in 2021 prices | -19.5% |
| 1975 | 879.10 million international-$ in 2021 prices | +7.9% |
| 1976 | 1.11 billion international-$ in 2021 prices | +25.7% |
| 1977 | 1.02 billion international-$ in 2021 prices | -7.3% |
| 1978 | 1.05 billion international-$ in 2021 prices | +2.2% |
| 1979 | 1.03 billion international-$ in 2021 prices | -1.6% |
| 2005 | 2.99 billion international-$ in 2021 prices | +190.1% |
| 2006 | 3.23 billion international-$ in 2021 prices | +8.0% |
| 2007 | 3.32 billion international-$ in 2021 prices | +2.9% |
| 2008 | 4.25 billion international-$ in 2021 prices | +27.9% |
| 2009 | 4.39 billion international-$ in 2021 prices | +3.4% |
| 2010 | 4.78 billion international-$ in 2021 prices | +8.9% |
| 2011 | 4.89 billion international-$ in 2021 prices | +2.3% |
| 2012 | 3.88 billion international-$ in 2021 prices | -20.7% |
| 2013 | 3.44 billion international-$ in 2021 prices | -11.5% |
| 2014 | 3.39 billion international-$ in 2021 prices | -1.2% |
| 2015 | 3.17 billion international-$ in 2021 prices | -6.5% |
| 2016 | 3.07 billion international-$ in 2021 prices | -3.3% |
| 2017 | 3.11 billion international-$ in 2021 prices | +1.4% |
| 2018 | 3.39 billion international-$ in 2021 prices | +8.9% |
| 2019 | 3.76 billion international-$ in 2021 prices | +10.9% |
| 2020 | 3.96 billion international-$ in 2021 prices | +5.4% |
| 2021 | 3.99 billion international-$ in 2021 prices | +0.7% |
| 2022 | 3.79 billion international-$ in 2021 prices | -4.9% |
| 2023 | 4.02 billion international-$ in 2021 prices | +6.0% |
Bermuda compared with similar countries
- Bermuda's 4.02 billion international-$ in 2021 prices is below the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 1% of the median. (66 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +190.1% | 1.03 billion international-$ in 2021 prices | 2.99 billion international-$ in 2021 prices |
| 1971 | +92.2% | 670.05 million international-$ in 2021 prices | 1.29 billion international-$ in 2021 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 991.48 million international-$ in 2021 prices | 670.05 million international-$ in 2021 prices | 1.29 billion international-$ in 2021 prices | 10 |
| 2000s | 3.64 billion international-$ in 2021 prices | 2.99 billion international-$ in 2021 prices | 4.39 billion international-$ in 2021 prices | 5 |
| 2010s | 3.69 billion international-$ in 2021 prices | 3.07 billion international-$ in 2021 prices | 4.89 billion international-$ in 2021 prices | 10 |
| 2020s | 3.94 billion international-$ in 2021 prices | 3.79 billion international-$ in 2021 prices | 4.02 billion international-$ in 2021 prices | 4 |
Countries ranked near Bermuda
- 168 Cayman Islands 4.37 billion international-$ in 2021 prices compare
- 169 Saint Lucia 4.16 billion international-$ in 2021 prices compare
- 170 Curacao 4.16 billion international-$ in 2021 prices compare
- 172 Comoros 3.25 billion international-$ in 2021 prices compare
- 173 Barbados 3.06 billion international-$ in 2021 prices compare
- 174 Seychelles 2.87 billion international-$ in 2021 prices 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 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)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Bermuda?
- Gross domestic product (gdp) in Bermuda was 4.02 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Bermuda?
- The highest recorded value was 4.89 billion international-$ in 2021 prices in 2011.
- What is the lowest gross domestic product (gdp) recorded in Bermuda?
- The lowest recorded value was 670.05 million international-$ in 2021 prices in 1970.
- How does Bermuda rank for gross domestic product (gdp)?
- Bermuda ranks 171st out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Bermuda?
- Over the last ten years it is up 17.1%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.