General government final consumption expenditure in Bermuda
Bermuda: General government final consumption expenditure was 10.7% in 2024. ▼ Falling
General government final consumption expenditure in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, general government final consumption expenditure in Bermuda stood at 10.7%. That is the lowest value across all 15 years on record.
The figure is down 2.3% on the previous year and down 16.5% over ten years.
Over the whole period, general government final consumption expenditure in Bermuda peaked at 14.1% in 2012 and was at its lowest, 10.7%, in 2024.
That places Bermuda 159th out of 187 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
General government final consumption expenditure in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 13.8% | — |
| 2011 | 14.0% | +1.7% |
| 2012 | 14.1% | +0.4% |
| 2013 | 13.7% | -3.2% |
| 2014 | 12.8% | -6.0% |
| 2015 | 12.5% | -2.6% |
| 2016 | 12.1% | -3.0% |
| 2017 | 11.6% | -4.2% |
| 2018 | 11.7% | +0.9% |
| 2019 | 12.3% | +4.5% |
| 2020 | 12.7% | +3.8% |
| 2021 | 12.3% | -3.2% |
| 2022 | 11.8% | -4.0% |
| 2023 | 11.0% | -7.3% |
| 2024 | 10.7% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12.9% | 11.6% | 14.1% | 10 |
| 2020s | 11.7% | 10.7% | 12.7% | 5 |
Countries ranked near Bermuda
- 156 Paraguay 10.9% compare
- 157 Kazakhstan 10.8% compare
- 158 India 10.8% compare
- 160 Central African Republic 10.3% compare
- 161 Sao Tome and Principe 10.3% compare
- 162 Singapore 10.3% compare
More economy & growth data for Bermuda
- Industry (including construction), value added (constant LCU), annual 4.66 % change on previous year (2024)
- Services, value added (current LCU), annual growth rate 6.68 % change on previous year (2024)
- Services, value added (current US$), per capita 129,888 current US$ per person (2024)
- Services, value added (current US$), per unit of GDP 0.9131 current US$ per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 6.68 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 5,892 constant LCU per person (2024)
- Industry (including construction), value added (constant LCU), per 0.0414 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 4.66 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.049 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 6,965 current LCU per person (2024)
Frequently asked questions
- What is general government final consumption expenditure in Bermuda?
- General government final consumption expenditure in Bermuda was 10.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Bermuda?
- The highest recorded value was 14.1% in 2012.
- What is the lowest general government final consumption expenditure recorded in Bermuda?
- The lowest recorded value was 10.7% in 2024.
- How does Bermuda rank for general government final consumption expenditure?
- Bermuda ranks 159th out of 187 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Bermuda?
- Over the last ten years it is down 16.5%. 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 Offices (NSOs), published as part of General government final consumption expenditure (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.