Government spending vs. GDP, per unit of GDP in Bermuda
Bermuda: Government spending vs. GDP, per unit of GDP was 0.089 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Government spending vs. GDP, per unit of GDP in Bermuda, 2014–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2024, government spending vs. gdp, per unit of gdp in Bermuda stood at 0.089 constant 2015 US$ per US$ of GDP. That is the lowest value across all 11 years on record.
The figure is down 5.4% on the previous year and down 32.2% over ten years.
Over the whole period, government spending vs. gdp, per unit of gdp in Bermuda peaked at 0.1312 constant 2015 US$ per US$ of GDP in 2014 and was at its lowest, 0.089 constant 2015 US$ per US$ of GDP, in 2024.
Bermuda ranks 127th of 166 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Government spending vs. GDP, per unit of GDP in Bermuda, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2014 | 0.1312 constant 2015 US$ per US$ of GDP | — |
| 2015 | 0.125 constant 2015 US$ per US$ of GDP | -4.7% |
| 2016 | 0.1302 constant 2015 US$ per US$ of GDP | +4.1% |
| 2017 | 0.1193 constant 2015 US$ per US$ of GDP | -8.4% |
| 2018 | 0.1128 constant 2015 US$ per US$ of GDP | -5.4% |
| 2019 | 0.1131 constant 2015 US$ per US$ of GDP | +0.3% |
| 2020 | 0.1173 constant 2015 US$ per US$ of GDP | +3.6% |
| 2021 | 0.1115 constant 2015 US$ per US$ of GDP | -4.9% |
| 2022 | 0.1054 constant 2015 US$ per US$ of GDP | -5.5% |
| 2023 | 0.0941 constant 2015 US$ per US$ of GDP | -10.7% |
| 2024 | 0.089 constant 2015 US$ per US$ of GDP | -5.4% |
Bermuda compared with similar countries
- Bermuda's 0.089 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.1423 constant 2015 US$ per US$ of GDP, 63% of the median. (60 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.122 constant 2015 US$ per US$ of GDP | 0.1128 constant 2015 US$ per US$ of GDP | 0.1312 constant 2015 US$ per US$ of GDP | 6 |
| 2020s | 0.1035 constant 2015 US$ per US$ of GDP | 0.089 constant 2015 US$ per US$ of GDP | 0.1173 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Bermuda
- 124 Bulgaria 0.0923 constant 2015 US$ per US$ of GDP compare
- 125 Switzerland 0.0906 constant 2015 US$ per US$ of GDP compare
- 126 Gabon 0.0893 constant 2015 US$ per US$ of GDP compare
- 128 Mexico 0.0885 constant 2015 US$ per US$ of GDP compare
- 129 Ireland 0.0874 constant 2015 US$ per US$ of GDP compare
- 130 Belarus 0.0873 constant 2015 US$ per US$ of GDP 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 government spending vs. gdp, per unit of gdp in Bermuda?
- Government spending vs. gdp, per unit of gdp in Bermuda was 0.089 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest government spending vs. gdp, per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.1312 constant 2015 US$ per US$ of GDP in 2014.
- What is the lowest government spending vs. gdp, per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.089 constant 2015 US$ per US$ of GDP in 2024.
- How does Bermuda rank for government spending vs. gdp, per unit of gdp?
- Bermuda ranks 127th out of 166 countries with data for 2024.
- Is government spending vs. gdp, per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is down 32.2%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Government spending vs. GDP, per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 11 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Government spending vs. GDP divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Government spending vs. GDP ÷ GDP (current US$)
Computed from
- Government spending vs. GDP National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Government spending vs. GDP divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.