GDP per capita growth in Bermuda
Bermuda: GDP per capita growth 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 117th of 213 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 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% |
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
- GDP (constant 2015 US$), per unit of GDP 0.8191 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant LCU), per capita 109,864 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.7723 constant LCU per US$ of GDP (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$), annual growth rate 1.89 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 142,250 current LCU per person (2024)
- Gross domestic savings (current US$), annual growth rate 10.52 % change on previous year (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 117th out of 213 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.
Download this data
CSV · JSON — 64 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. 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.