General government final consumption expenditure (constant LCU) in Bermuda
Bermuda: General government final consumption expenditure (constant LCU) was 800.20 million constant LCU 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 LCU.
Analysis
The most recent figure for general government final consumption expenditure in Bermuda is 800.20 million constant LCU, measured in 2024.
The figure 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 878.64 million constant LCU in 2016 and was at its lowest, 789.80 million constant LCU, in 2020.
Bermuda ranks 166th of 176 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 LCU) in Bermuda, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2014 | 822.83 million constant LCU | — |
| 2015 | 813.67 million constant LCU | -1.1% |
| 2016 | 878.64 million constant LCU | +8.0% |
| 2017 | 833.52 million constant LCU | -5.1% |
| 2018 | 797.39 million constant LCU | -4.3% |
| 2019 | 821.30 million constant LCU | +3.0% |
| 2020 | 789.80 million constant LCU | -3.8% |
| 2021 | 795.10 million constant LCU | +0.7% |
| 2022 | 800.80 million constant LCU | +0.7% |
| 2023 | 791.50 million constant LCU | -1.2% |
| 2024 | 800.20 million constant LCU | +1.1% |
Bermuda compared with similar countries
- Bermuda's 800.20 million constant LCU is below the median for high income countries, which is 74.22 billion constant LCU, 1% of the median. (61 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 827.89 million constant LCU | 797.39 million constant LCU | 878.64 million constant LCU | 6 |
| 2020s | 795.48 million constant LCU | 789.80 million constant LCU | 800.80 million constant LCU | 5 |
Countries ranked near Bermuda
- 163 East Timor 966.11 million constant LCU compare
- 164 Montenegro 871.41 million constant LCU compare
- 165 Belize 817.37 million constant LCU compare
- 167 Kosovo 681.84 million constant LCU compare
- 167 Kosovo (UNSCR 1244) 681.84 million constant LCU compare
- 169 Sao Tome and Principe 465.70 million constant LCU 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 800.20 million constant LCU 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 878.64 million constant LCU in 2016.
- What is the lowest general government final consumption expenditure recorded in Bermuda?
- The lowest recorded value was 789.80 million constant LCU in 2020.
- How does Bermuda rank for general government final consumption expenditure?
- Bermuda ranks 166th out of 176 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 LCU). 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 varies by country. This series is expressed in local currency units.