Gross domestic product (GDP) in Bermuda
Bermuda: Gross domestic product (GDP) was 6.74 billion international-$ in 2021 prices in 2024. ▲ Rising
Latest (2024)
6.74 billion international-$ in 2021 prices
Change on year
up 1.9%
World rank
162nd
of 198 countries
All-time high
7.48 billion international-$ in 2021 prices
in 2007
All-time low
4.43 billion international-$ in 2021 prices
in 1992
Years of data
35
1990–2024
Gross domestic product (GDP) in Bermuda, 1990–2024
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Bermuda recorded 6.74 billion international-$ in 2021 prices for gross domestic product (gdp) in 2024.
Compared with earlier readings it 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 7.48 billion international-$ in 2021 prices in 2007 and was at its lowest, 4.43 billion international-$ in 2021 prices, in 1992.
Bermuda ranks 162nd of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross domestic product (GDP) in Bermuda, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 4.59 billion international-$ in 2021 prices | — |
| 1991 | 4.43 billion international-$ in 2021 prices | -3.5% |
| 1992 | 4.43 billion international-$ in 2021 prices | -0.1% |
| 1993 | 4.56 billion international-$ in 2021 prices | +3.0% |
| 1994 | 4.59 billion international-$ in 2021 prices | +0.6% |
| 1995 | 4.79 billion international-$ in 2021 prices | +4.4% |
| 1996 | 4.91 billion international-$ in 2021 prices | +2.6% |
| 1997 | 5.14 billion international-$ in 2021 prices | +4.6% |
| 1998 | 5.34 billion international-$ in 2021 prices | +3.9% |
| 1999 | 5.52 billion international-$ in 2021 prices | +3.4% |
| 2000 | 6.03 billion international-$ in 2021 prices | +9.3% |
| 2001 | 6.47 billion international-$ in 2021 prices | +7.2% |
| 2002 | 6.37 billion international-$ in 2021 prices | -1.5% |
| 2003 | 6.59 billion international-$ in 2021 prices | +3.4% |
| 2004 | 6.74 billion international-$ in 2021 prices | +2.3% |
| 2005 | 6.86 billion international-$ in 2021 prices | +1.7% |
| 2006 | 7.24 billion international-$ in 2021 prices | +5.5% |
| 2007 | 7.48 billion international-$ in 2021 prices | +3.3% |
| 2008 | 7.34 billion international-$ in 2021 prices | -1.9% |
| 2009 | 6.93 billion international-$ in 2021 prices | -5.6% |
| 2010 | 6.75 billion international-$ in 2021 prices | -2.5% |
| 2011 | 6.50 billion international-$ in 2021 prices | -3.7% |
| 2012 | 6.16 billion international-$ in 2021 prices | -5.3% |
| 2013 | 6.14 billion international-$ in 2021 prices | -0.3% |
| 2014 | 5.91 billion international-$ in 2021 prices | -3.7% |
| 2015 | 5.96 billion international-$ in 2021 prices | +0.8% |
| 2016 | 5.92 billion international-$ in 2021 prices | -0.7% |
| 2017 | 6.13 billion international-$ in 2021 prices | +3.6% |
| 2018 | 6.11 billion international-$ in 2021 prices | -0.4% |
| 2019 | 6.12 billion international-$ in 2021 prices | +0.3% |
| 2020 | 5.70 billion international-$ in 2021 prices | -7.0% |
| 2021 | 5.97 billion international-$ in 2021 prices | +4.8% |
| 2022 | 6.34 billion international-$ in 2021 prices | +6.3% |
| 2023 | 6.62 billion international-$ in 2021 prices | +4.3% |
| 2024 | 6.74 billion international-$ in 2021 prices | +1.9% |
Bermuda compared with similar countries
- Bermuda's 6.74 billion international-$ in 2021 prices is below the median for high income countries, which is 209.44 billion international-$ in 2021 prices, 3% of the median. (74 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.83 billion international-$ in 2021 prices | 4.43 billion international-$ in 2021 prices | 5.52 billion international-$ in 2021 prices | 10 |
| 2000s | 6.80 billion international-$ in 2021 prices | 6.03 billion international-$ in 2021 prices | 7.48 billion international-$ in 2021 prices | 10 |
| 2010s | 6.17 billion international-$ in 2021 prices | 5.91 billion international-$ in 2021 prices | 6.75 billion international-$ in 2021 prices | 10 |
| 2020s | 6.27 billion international-$ in 2021 prices | 5.70 billion international-$ in 2021 prices | 6.74 billion international-$ in 2021 prices | 5 |
Countries ranked near Bermuda
- 159 Liberia 9.70 billion international-$ in 2021 prices compare
- 160 Gambia 8.94 billion international-$ in 2021 prices compare
- 161 Djibouti 8.55 billion international-$ in 2021 prices compare
- 163 Lesotho 6.43 billion international-$ in 2021 prices compare
- 164 Guinea-Bissau 6.33 billion international-$ in 2021 prices compare
- 165 Barbados 6.25 billion international-$ in 2021 prices compare
More economy & growth data for Bermuda
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ 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$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (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 US$) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 15,245 current LCU per person (2024)
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic product (gdp) in Bermuda?
- Gross domestic product (gdp) in Bermuda was 6.74 billion international-$ in 2021 prices in 2024, according to Eurostat, OECD, IMF, and World Bank (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 7.48 billion international-$ in 2021 prices in 2007.
- What is the lowest gross domestic product (gdp) recorded in Bermuda?
- The lowest recorded value was 4.43 billion international-$ in 2021 prices in 1992.
- How does Bermuda rank for gross domestic product (gdp)?
- Bermuda ranks 162nd out of 198 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 Eurostat, OECD, IMF, and World Bank (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
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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.