Government spending vs. GDP in Bermuda
Bermuda: Government spending vs. GDP was 818.25 million constant 2015 US$ in 2024. ▼ Falling
Government spending vs. GDP in Bermuda, 2014–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in constant 2015 US$.
Analysis
In 2024, government spending vs. gdp in Bermuda stood at 818.25 million constant 2015 US$.
Compared with earlier readings it is up 1.1% on the previous year and down 2.7% over ten years.
Over the whole period, government spending vs. gdp in Bermuda peaked at 898.46 million constant 2015 US$ in 2016 and was at its lowest, 807.62 million constant 2015 US$, in 2020.
That places Bermuda 146th out of 166 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Government spending vs. GDP in Bermuda, year by year
| Year | constant 2015 US$ | 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
- 143 Congo 927.34 million constant 2015 US$ compare
- 144 Montenegro 914.31 million constant 2015 US$ compare
- 145 Maldives 832.50 million constant 2015 US$ compare
- 147 Lesotho 805.47 million constant 2015 US$ compare
- 148 Djibouti 682.23 million constant 2015 US$ compare
- 149 Bhutan 629.82 million constant 2015 US$ compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU 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 unit 0.0128 BoP, current US$ per US$ of GDP (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)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is government spending vs. gdp in Bermuda?
- Government spending vs. gdp in Bermuda was 818.25 million constant 2015 US$ in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest government spending vs. gdp recorded in Bermuda?
- The highest recorded value was 898.46 million constant 2015 US$ in 2016.
- What is the lowest government spending vs. gdp recorded in Bermuda?
- The lowest recorded value was 807.62 million constant 2015 US$ in 2020.
- How does Bermuda rank for government spending vs. gdp?
- Bermuda ranks 146th out of 166 countries with data for 2024.
- Is government spending vs. gdp 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Government spending vs. GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
General government final consumption expenditure includes all government current expenditures for purchases of goods and services (including compensation of employees). Both measures are expressed in constant 2015 US$.