GDP per capita growth (annual %) (Country official) in Bermuda
Bermuda: GDP per capita growth (annual %) (Country official) was 2.0% in 2024. ◆ Volatile
GDP per capita growth in Bermuda, 1961–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gdp per capita growth in Bermuda is 2.0%, measured in 2024.
Compared with earlier readings it is down 55.0% on the previous year and up 154.7% over ten years.
Over the whole period, gdp per capita growth in Bermuda peaked at 11.8% in 1966 and was at its lowest, -7.4%, in 2020.
Bermuda ranks 119th of 215 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita growth (annual %) (Country official) in Bermuda, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 2.5% | — |
| 1962 | 1.8% | -25.4% |
| 1963 | -1.4% | -175.5% |
| 1964 | 8.5% | -717.5% |
| 1965 | 2.4% | -71.5% |
| 1966 | 11.8% | +385.0% |
| 1967 | 11.0% | -6.8% |
| 1968 | 0.3% | -97.3% |
| 1969 | 1.6% | +435.1% |
| 1970 | 4.6% | +187.0% |
| 1971 | 2.5% | -46.4% |
| 1972 | 1.4% | -42.3% |
| 1973 | 1.2% | -15.7% |
| 1974 | 0.7% | -44.8% |
| 1975 | 3.6% | +442.7% |
| 1976 | 8.8% | +142.0% |
| 1977 | 5.7% | -35.3% |
| 1978 | 1.2% | -78.0% |
| 1979 | 2.0% | +59.2% |
| 1980 | 7.6% | +284.6% |
| 1981 | 1.8% | -76.8% |
| 1982 | -6.0% | -437.6% |
| 1983 | 1.3% | -121.5% |
| 1984 | -0.2% | -118.1% |
| 1985 | -2.7% | +1048.2% |
| 1986 | 6.0% | -325.2% |
| 1987 | 3.1% | -49.2% |
| 1988 | 3.3% | +6.6% |
| 1989 | -0.3% | -109.6% |
| 1990 | -0.7% | +133.2% |
| 1991 | -4.2% | +482.6% |
| 1992 | -0.8% | -81.5% |
| 1993 | 2.3% | -392.6% |
| 1994 | -0.0% | -101.9% |
| 1995 | 3.8% | -9019.2% |
| 1996 | 2.1% | -44.8% |
| 1997 | 4.0% | +88.2% |
| 1998 | 3.1% | -21.6% |
| 1999 | 2.6% | -17.6% |
| 2000 | 8.6% | +234.1% |
| 2001 | 6.7% | -22.0% |
| 2002 | -1.9% | -128.7% |
| 2003 | 3.0% | -257.1% |
| 2004 | 2.0% | -32.0% |
| 2005 | 1.4% | -30.5% |
| 2006 | 5.3% | +275.5% |
| 2007 | 3.1% | -42.7% |
| 2008 | -2.3% | -175.8% |
| 2009 | -6.0% | +160.0% |
| 2010 | -2.7% | -54.4% |
| 2011 | -3.8% | +36.7% |
| 2012 | -5.2% | +37.8% |
| 2013 | -0.2% | -96.8% |
| 2014 | -3.6% | +2078.4% |
| 2015 | 0.9% | -124.2% |
| 2016 | -0.6% | -172.1% |
| 2017 | 3.4% | -636.7% |
| 2018 | -0.8% | -124.3% |
| 2019 | -0.1% | -84.9% |
| 2020 | -7.4% | +5807.2% |
| 2021 | 4.3% | -158.8% |
| 2022 | 6.1% | +40.5% |
| 2023 | 4.4% | -27.5% |
| 2024 | 2.0% | -55.0% |
Bermuda compared with similar countries
- Bermuda's 2.0% is above the median for high income countries, which is 1.7%, 1.2× the median. (83 countries reporting)
Biggest year-on-year movements
Years where GDP per capita growth (annual %) (Country official) 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 |
|---|---|---|---|
| 1995 | +9019.2% | -0.0% | 3.8% |
| 2020 | -5807.2% | -0.1% | -7.4% |
| 2014 | -2078.4% | -0.2% | -3.6% |
| 1985 | -1048.2% | -0.2% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.3% | -1.4% | 11.8% | 9 |
| 1970s | 3.2% | 0.7% | 8.8% | 10 |
| 1980s | 1.4% | -6.0% | 7.6% | 10 |
| 1990s | 1.2% | -4.2% | 4.0% | 10 |
| 2000s | 2.0% | -6.0% | 8.6% | 10 |
| 2010s | -1.3% | -5.2% | 3.4% | 10 |
| 2020s | 1.9% | -7.4% | 6.1% | 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 per capita growth in Bermuda?
- Gdp per capita growth in Bermuda was 2.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Bermuda?
- The highest recorded value was 11.8% in 1966.
- What is the lowest gdp per capita growth recorded in Bermuda?
- The lowest recorded value was -7.4% in 2020.
- How does Bermuda rank for gdp per capita growth?
- Bermuda ranks 119th out of 215 countries with data for 2024.
- Is gdp per capita growth rising or falling in Bermuda?
- Over the last ten years it is up 154.7%. 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 per capita growth (annual %). Statizoid updates them automatically from the source API.
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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. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.