GDP per capita in Bermuda
Bermuda: GDP per capita was 62,179 international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
62,179 international-$ in 2021 prices
Change on year
up 6.1%
World rank
17th
of 184 countries
All-time high
76,800 international-$ in 2021 prices
in 2011
All-time low
12,855 international-$ in 2021 prices
in 1970
Years of data
29
1970–2023
GDP per capita 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
In 2023, gdp per capita in Bermuda stood at 62,179 international-$ in 2021 prices.
Compared with earlier readings it is up 6.1% on the previous year and up 15.0% over ten years.
Over the whole period, gdp per capita in Bermuda peaked at 76,800 international-$ in 2021 prices in 2011 and was at its lowest, 12,855 international-$ in 2021 prices, in 1970.
That places Bermuda 17th out of 184 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 29 years of available data.
GDP per capita in Bermuda, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 12,855 international-$ in 2021 prices | — |
| 1971 | 24,480 international-$ in 2021 prices | +90.4% |
| 1972 | 19,782 international-$ in 2021 prices | -19.2% |
| 1973 | 19,131 international-$ in 2021 prices | -3.3% |
| 1974 | 15,359 international-$ in 2021 prices | -19.7% |
| 1975 | 16,546 international-$ in 2021 prices | +7.7% |
| 1976 | 20,767 international-$ in 2021 prices | +25.5% |
| 1977 | 19,209 international-$ in 2021 prices | -7.5% |
| 1978 | 19,582 international-$ in 2021 prices | +1.9% |
| 1979 | 19,243 international-$ in 2021 prices | -1.7% |
| 2005 | 47,638 international-$ in 2021 prices | +147.6% |
| 2006 | 51,365 international-$ in 2021 prices | +7.8% |
| 2007 | 52,724 international-$ in 2021 prices | +2.6% |
| 2008 | 67,108 international-$ in 2021 prices | +27.3% |
| 2009 | 69,122 international-$ in 2021 prices | +3.0% |
| 2010 | 75,087 international-$ in 2021 prices | +8.6% |
| 2011 | 76,800 international-$ in 2021 prices | +2.3% |
| 2012 | 61,000 international-$ in 2021 prices | -20.6% |
| 2013 | 54,049 international-$ in 2021 prices | -11.4% |
| 2014 | 53,428 international-$ in 2021 prices | -1.1% |
| 2015 | 50,014 international-$ in 2021 prices | -6.4% |
| 2016 | 48,373 international-$ in 2021 prices | -3.3% |
| 2017 | 48,960 international-$ in 2021 prices | +1.2% |
| 2018 | 53,109 international-$ in 2021 prices | +8.5% |
| 2019 | 58,643 international-$ in 2021 prices | +10.4% |
| 2020 | 61,527 international-$ in 2021 prices | +4.9% |
| 2021 | 61,707 international-$ in 2021 prices | +0.3% |
| 2022 | 58,587 international-$ in 2021 prices | -5.1% |
| 2023 | 62,179 international-$ in 2021 prices | +6.1% |
Bermuda compared with similar countries
- Bermuda's 62,179 international-$ in 2021 prices is above the median for high income countries, which is 45,556 international-$ in 2021 prices, 1.4× the median. (66 countries reporting)
Biggest year-on-year movements
Years where GDP per capita 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 | +147.6% | 19,243 international-$ in 2021 prices | 47,638 international-$ in 2021 prices |
| 1971 | +90.4% | 12,855 international-$ in 2021 prices | 24,480 international-$ in 2021 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18,696 international-$ in 2021 prices | 12,855 international-$ in 2021 prices | 24,480 international-$ in 2021 prices | 10 |
| 2000s | 57,591 international-$ in 2021 prices | 47,638 international-$ in 2021 prices | 69,122 international-$ in 2021 prices | 5 |
| 2010s | 57,946 international-$ in 2021 prices | 48,373 international-$ in 2021 prices | 76,800 international-$ in 2021 prices | 10 |
| 2020s | 61,000 international-$ in 2021 prices | 58,587 international-$ in 2021 prices | 62,179 international-$ in 2021 prices | 4 |
Countries ranked near Bermuda
- 14 Australia 64,333 international-$ in 2021 prices compare
- 15 Iceland 63,196 international-$ in 2021 prices compare
- 16 Austria 62,853 international-$ in 2021 prices compare
- 18 Taiwan 61,942 international-$ in 2021 prices compare
- 19 Germany 59,983 international-$ in 2021 prices compare
- 20 Sweden 59,587 international-$ in 2021 prices 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 per capita in Bermuda?
- Gdp per capita in Bermuda was 62,179 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 gdp per capita recorded in Bermuda?
- The highest recorded value was 76,800 international-$ in 2021 prices in 2011.
- What is the lowest gdp per capita recorded in Bermuda?
- The lowest recorded value was 12,855 international-$ in 2021 prices in 1970.
- How does Bermuda rank for gdp per capita?
- Bermuda ranks 17th out of 184 countries with data for 2023.
- Is gdp per capita rising or falling in Bermuda?
- Over the last ten years it is up 15.0%. 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 GDP per capita. 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
Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.