Gross domestic product (GDP) in Bermuda
Bermuda: Gross domestic product (GDP) was 7.53 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
7.53 billion constant 2015 US$
Change on year
up 1.9%
World rank
157th
of 209 countries
All-time high
8.35 billion constant 2015 US$
in 2007
All-time low
1.68 billion constant 2015 US$
in 1960
Years of data
65
1960–2024
Gross domestic product (GDP) in Bermuda, 1960–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
The most recent figure for gross domestic product (gdp) in Bermuda is 7.53 billion constant 2015 US$, measured in 2024.
The figure is up 1.9% on the previous year and up 14.0% over ten years.
Over the whole period, gross domestic product (gdp) in Bermuda peaked at 8.35 billion constant 2015 US$ in 2007 and was at its lowest, 1.68 billion constant 2015 US$, in 1960.
That places Bermuda 157th out of 209 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Gross domestic product (GDP) in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 1.68 billion constant 2015 US$ | — |
| 1961 | 1.76 billion constant 2015 US$ | +4.7% |
| 1962 | 1.84 billion constant 2015 US$ | +4.5% |
| 1963 | 1.86 billion constant 2015 US$ | +1.1% |
| 1964 | 2.07 billion constant 2015 US$ | +11.1% |
| 1965 | 2.17 billion constant 2015 US$ | +4.8% |
| 1966 | 2.48 billion constant 2015 US$ | +14.4% |
| 1967 | 2.81 billion constant 2015 US$ | +13.3% |
| 1968 | 2.87 billion constant 2015 US$ | +2.1% |
| 1969 | 2.96 billion constant 2015 US$ | +3.4% |
| 1970 | 3.15 billion constant 2015 US$ | +6.3% |
| 1971 | 3.26 billion constant 2015 US$ | +3.4% |
| 1972 | 3.32 billion constant 2015 US$ | +1.8% |
| 1973 | 3.37 billion constant 2015 US$ | +1.5% |
| 1974 | 3.40 billion constant 2015 US$ | +0.9% |
| 1975 | 3.53 billion constant 2015 US$ | +3.8% |
| 1976 | 3.84 billion constant 2015 US$ | +8.9% |
| 1977 | 4.07 billion constant 2015 US$ | +5.9% |
| 1978 | 4.13 billion constant 2015 US$ | +1.5% |
| 1979 | 4.22 billion constant 2015 US$ | +2.1% |
| 1980 | 4.55 billion constant 2015 US$ | +7.9% |
| 1981 | 4.66 billion constant 2015 US$ | +2.4% |
| 1982 | 4.41 billion constant 2015 US$ | -5.3% |
| 1983 | 4.50 billion constant 2015 US$ | +2.0% |
| 1984 | 4.52 billion constant 2015 US$ | +0.5% |
| 1985 | 4.43 billion constant 2015 US$ | -2.0% |
| 1986 | 4.73 billion constant 2015 US$ | +6.7% |
| 1987 | 4.91 billion constant 2015 US$ | +3.7% |
| 1988 | 5.10 billion constant 2015 US$ | +4.1% |
| 1989 | 5.13 billion constant 2015 US$ | +0.4% |
| 1990 | 5.13 billion constant 2015 US$ | +0.0% |
| 1991 | 4.95 billion constant 2015 US$ | -3.5% |
| 1992 | 4.94 billion constant 2015 US$ | -0.1% |
| 1993 | 5.09 billion constant 2015 US$ | +3.0% |
| 1994 | 5.12 billion constant 2015 US$ | +0.6% |
| 1995 | 5.35 billion constant 2015 US$ | +4.4% |
| 1996 | 5.49 billion constant 2015 US$ | +2.6% |
| 1997 | 5.74 billion constant 2015 US$ | +4.6% |
| 1998 | 5.96 billion constant 2015 US$ | +3.9% |
| 1999 | 6.17 billion constant 2015 US$ | +3.4% |
| 2000 | 6.74 billion constant 2015 US$ | +9.3% |
| 2001 | 7.23 billion constant 2015 US$ | +7.2% |
| 2002 | 7.12 billion constant 2015 US$ | -1.5% |
| 2003 | 7.36 billion constant 2015 US$ | +3.4% |
| 2004 | 7.53 billion constant 2015 US$ | +2.3% |
| 2005 | 7.66 billion constant 2015 US$ | +1.7% |
| 2006 | 8.08 billion constant 2015 US$ | +5.5% |
| 2007 | 8.35 billion constant 2015 US$ | +3.3% |
| 2008 | 8.20 billion constant 2015 US$ | -1.9% |
| 2009 | 7.74 billion constant 2015 US$ | -5.6% |
| 2010 | 7.54 billion constant 2015 US$ | -2.5% |
| 2011 | 7.26 billion constant 2015 US$ | -3.7% |
| 2012 | 6.88 billion constant 2015 US$ | -5.3% |
| 2013 | 6.86 billion constant 2015 US$ | -0.3% |
| 2014 | 6.60 billion constant 2015 US$ | -3.7% |
| 2015 | 6.65 billion constant 2015 US$ | +0.8% |
| 2016 | 6.61 billion constant 2015 US$ | -0.7% |
| 2017 | 6.85 billion constant 2015 US$ | +3.6% |
| 2018 | 6.82 billion constant 2015 US$ | -0.4% |
| 2019 | 6.84 billion constant 2015 US$ | +0.3% |
| 2020 | 6.36 billion constant 2015 US$ | -7.0% |
| 2021 | 6.67 billion constant 2015 US$ | +4.8% |
| 2022 | 7.08 billion constant 2015 US$ | +6.3% |
| 2023 | 7.39 billion constant 2015 US$ | +4.3% |
| 2024 | 7.53 billion constant 2015 US$ | +1.9% |
Bermuda compared with similar countries
- Bermuda's 7.53 billion constant 2015 US$ is below the median for high income countries, which is 76.03 billion constant 2015 US$, 10% of the median. (80 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.25 billion constant 2015 US$ | 1.68 billion constant 2015 US$ | 2.96 billion constant 2015 US$ | 10 |
| 1970s | 3.63 billion constant 2015 US$ | 3.15 billion constant 2015 US$ | 4.22 billion constant 2015 US$ | 10 |
| 1980s | 4.69 billion constant 2015 US$ | 4.41 billion constant 2015 US$ | 5.13 billion constant 2015 US$ | 10 |
| 1990s | 5.39 billion constant 2015 US$ | 4.94 billion constant 2015 US$ | 6.17 billion constant 2015 US$ | 10 |
| 2000s | 7.60 billion constant 2015 US$ | 6.74 billion constant 2015 US$ | 8.35 billion constant 2015 US$ | 10 |
| 2010s | 6.89 billion constant 2015 US$ | 6.60 billion constant 2015 US$ | 7.54 billion constant 2015 US$ | 10 |
| 2020s | 7.01 billion constant 2015 US$ | 6.36 billion constant 2015 US$ | 7.53 billion constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 154 Somalia 9.15 billion constant 2015 US$ compare
- 155 Mauritania 9.10 billion constant 2015 US$ compare
- 156 Equatorial Guinea 8.72 billion constant 2015 US$ compare
- 158 Isle of Man 7.10 billion constant 2015 US$ compare
- 159 Maldives 6.62 billion constant 2015 US$ compare
- 160 Barbados 6.50 billion constant 2015 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 gross domestic product (gdp) in Bermuda?
- Gross domestic product (gdp) in Bermuda was 7.53 billion constant 2015 US$ in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Bermuda?
- The highest recorded value was 8.35 billion constant 2015 US$ in 2007.
- What is the lowest gross domestic product (gdp) recorded in Bermuda?
- The lowest recorded value was 1.68 billion constant 2015 US$ in 1960.
- How does Bermuda rank for gross domestic product (gdp)?
- Bermuda ranks 157th out of 209 countries with data for 2024.
- Is gross domestic product (gdp) rising or falling in Bermuda?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor 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 — 65 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 by inflation but _does not_ account for differences in living costs between countries.