Gross domestic product (GDP), annual growth rate in Bermuda
Bermuda: Gross domestic product (GDP), annual growth rate was 6.05 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Bermuda, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Bermuda recorded 6.05 % change on previous year for gross domestic product (gdp), annual growth rate in 2023.
The figure is up 223.2% on the previous year and up 152.6% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Bermuda peaked at 92.2 % change on previous year in 1971 and was at its lowest, -20.68 % change on previous year, in 2012.
Bermuda ranks 32nd of 184 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 92.2 % change on previous year | — |
| 1972 | -18.89 % change on previous year | -120.5% |
| 1973 | -3.03 % change on previous year | -84.0% |
| 1974 | -19.55 % change on previous year | +545.4% |
| 1975 | 7.88 % change on previous year | -140.3% |
| 1976 | 25.7 % change on previous year | +226.2% |
| 1977 | -7.31 % change on previous year | -128.4% |
| 1978 | 2.15 % change on previous year | -129.4% |
| 1979 | -1.57 % change on previous year | -173.2% |
| 2006 | 8.04 % change on previous year | -610.5% |
| 2007 | 2.93 % change on previous year | -63.5% |
| 2008 | 27.87 % change on previous year | +850.2% |
| 2009 | 3.43 % change on previous year | -87.7% |
| 2010 | 8.9 % change on previous year | +159.4% |
| 2011 | 2.3 % change on previous year | -74.2% |
| 2012 | -20.68 % change on previous year | -1001.1% |
| 2013 | -11.49 % change on previous year | -44.4% |
| 2014 | -1.22 % change on previous year | -89.4% |
| 2015 | -6.49 % change on previous year | +431.7% |
| 2016 | -3.3 % change on previous year | -49.1% |
| 2017 | 1.42 % change on previous year | -142.9% |
| 2018 | 8.91 % change on previous year | +527.9% |
| 2019 | 10.9 % change on previous year | +22.4% |
| 2020 | 5.37 % change on previous year | -50.7% |
| 2021 | 0.7066 % change on previous year | -86.8% |
| 2022 | -4.91 % change on previous year | -794.6% |
| 2023 | 6.05 % change on previous year | -223.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.62 % change on previous year | -19.55 % change on previous year | 92.2 % change on previous year | 9 |
| 2000s | 10.57 % change on previous year | 2.93 % change on previous year | 27.87 % change on previous year | 4 |
| 2010s | -1.08 % change on previous year | -20.68 % change on previous year | 10.9 % change on previous year | 10 |
| 2020s | 1.8 % change on previous year | -4.91 % change on previous year | 6.05 % change on previous year | 4 |
Countries ranked near Bermuda
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 gross domestic product (gdp), annual growth rate in Bermuda?
- Gross domestic product (gdp), annual growth rate in Bermuda was 6.05 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Bermuda?
- The highest recorded value was 92.2 % change on previous year in 1971.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Bermuda?
- The lowest recorded value was -20.68 % change on previous year in 2012.
- How does Bermuda rank for gross domestic product (gdp), annual growth rate?
- Bermuda ranks 32nd out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 152.6%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
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
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.