General government final consumption expenditure in Bermuda
Bermuda: General government final consumption expenditure was 1.1% in 2024. ◆ Volatile
General government final consumption expenditure in Bermuda, 2015–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, general government final consumption expenditure in Bermuda stood at 1.1%.
Compared with earlier readings it is up 194.6% on the previous year and up 198.8% over ten years.
Over the whole period, general government final consumption expenditure in Bermuda peaked at 8.0% in 2016 and was at its lowest, -5.1%, in 2017.
Bermuda ranks 119th of 173 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.
General government final consumption expenditure in Bermuda, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2015 | -1.1% | — |
| 2016 | 8.0% | -817.6% |
| 2017 | -5.1% | -164.3% |
| 2018 | -4.3% | -15.6% |
| 2019 | 3.0% | -169.2% |
| 2020 | -3.8% | -227.9% |
| 2021 | 0.7% | -117.5% |
| 2022 | 0.7% | +6.8% |
| 2023 | -1.2% | -262.0% |
| 2024 | 1.1% | -194.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1% | -5.1% | 8.0% | 5 |
| 2020s | -0.5% | -3.8% | 1.1% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 105,450 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.88 % change on previous year (2024)
- GDP (current US$), per capita 142,250 current US$ per person (2024)
- GDP (current LCU), annual growth rate 6.88 % 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)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (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)
Frequently asked questions
- What is general government final consumption expenditure in Bermuda?
- General government final consumption expenditure in Bermuda was 1.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Bermuda?
- The highest recorded value was 8.0% in 2016.
- What is the lowest general government final consumption expenditure recorded in Bermuda?
- The lowest recorded value was -5.1% in 2017.
- How does Bermuda rank for general government final consumption expenditure?
- Bermuda ranks 119th out of 173 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Bermuda?
- Over the last ten years it is up 198.8%. 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 General government final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.