General government final consumption expenditure (constant 2015 US$) in Bermuda
Bermuda: General government final consumption expenditure (constant 2015 US$) was 818.25 million constant 2015 US$ in 2024. ▼ Falling
General government final consumption expenditure in Bermuda, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for general government final consumption expenditure in Bermuda is 818.25 million constant 2015 US$, measured in 2024.
Compared with earlier readings it is up 1.1% on the previous year and down 2.7% over ten years.
Over the whole period, general government final consumption expenditure in Bermuda peaked at 898.46 million constant 2015 US$ in 2016 and was at its lowest, 807.62 million constant 2015 US$, in 2020.
Bermuda ranks 148th of 168 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
General government final consumption expenditure (constant 2015 US$) in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2014 | 841.39 million constant 2015 US$ | — |
| 2015 | 832.03 million constant 2015 US$ | -1.1% |
| 2016 | 898.46 million constant 2015 US$ | +8.0% |
| 2017 | 852.33 million constant 2015 US$ | -5.1% |
| 2018 | 815.38 million constant 2015 US$ | -4.3% |
| 2019 | 839.83 million constant 2015 US$ | +3.0% |
| 2020 | 807.62 million constant 2015 US$ | -3.8% |
| 2021 | 813.04 million constant 2015 US$ | +0.7% |
| 2022 | 818.87 million constant 2015 US$ | +0.7% |
| 2023 | 809.36 million constant 2015 US$ | -1.2% |
| 2024 | 818.25 million constant 2015 US$ | +1.1% |
Bermuda compared with similar countries
- Bermuda's 818.25 million constant 2015 US$ is below the median for high income countries, which is 41.36 billion constant 2015 US$, 2% of the median. (60 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 846.57 million constant 2015 US$ | 815.38 million constant 2015 US$ | 898.46 million constant 2015 US$ | 6 |
| 2020s | 813.43 million constant 2015 US$ | 807.62 million constant 2015 US$ | 818.87 million constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 145 Congo 927.34 million constant 2015 US$ compare
- 146 Montenegro 914.31 million constant 2015 US$ compare
- 147 Maldives 832.50 million constant 2015 US$ compare
- 149 Lesotho 805.47 million constant 2015 US$ compare
- 150 Djibouti 682.23 million constant 2015 US$ compare
- 151 Bhutan 629.82 million constant 2015 US$ 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 general government final consumption expenditure in Bermuda?
- General government final consumption expenditure in Bermuda was 818.25 million constant 2015 US$ 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 898.46 million constant 2015 US$ in 2016.
- What is the lowest general government final consumption expenditure recorded in Bermuda?
- The lowest recorded value was 807.62 million constant 2015 US$ in 2020.
- How does Bermuda rank for general government final consumption expenditure?
- Bermuda ranks 148th out of 168 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Bermuda?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is falling.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.