Gross capital formation in Bermuda
Bermuda: Gross capital formation was 11.0% in 2024. ▬ Flat
Gross capital formation in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross capital formation in Bermuda stood at 11.0%.
That represents a change of down 1.6% on the previous year and down 8.7% over ten years.
Over the whole period, gross capital formation in Bermuda peaked at 14.7% in 2019 and was at its lowest, 10.9%, in 2013.
Bermuda ranks 174th of 186 countries on this measure, in the bottom quarter.
Gross capital formation in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 13.0% | — |
| 2011 | 12.6% | -3.5% |
| 2012 | 11.0% | -12.5% |
| 2013 | 10.9% | -1.1% |
| 2014 | 12.1% | +11.0% |
| 2015 | 11.9% | -1.7% |
| 2016 | 12.8% | +7.7% |
| 2017 | 13.8% | +7.5% |
| 2018 | 13.4% | -2.6% |
| 2019 | 14.7% | +10.0% |
| 2020 | 12.2% | -17.0% |
| 2021 | 12.9% | +5.4% |
| 2022 | 12.7% | -1.6% |
| 2023 | 11.2% | -11.7% |
| 2024 | 11.0% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12.6% | 10.9% | 14.7% | 10 |
| 2020s | 12.0% | 11.0% | 12.9% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7413 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), annual 4.66 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7902 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 112,409 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.92 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 6,143 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant 2015 US$) 4.66 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Bermuda?
- Gross capital formation in Bermuda was 11.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Bermuda?
- The highest recorded value was 14.7% in 2019.
- What is the lowest gross capital formation recorded in Bermuda?
- The lowest recorded value was 10.9% in 2013.
- How does Bermuda rank for gross capital formation?
- Bermuda ranks 174th out of 186 countries with data for 2024.
- Is gross capital formation rising or falling in Bermuda?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is flat.
- 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 Gross capital formation (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.