Gross Domestic Product — Value Standard Local Currency, 2015 prices in Bermuda
Bermuda: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 7,294 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Bermuda, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Bermuda stood at 7,294 million SLC.
Compared with earlier readings it is up 2.1% on the previous year and up 10.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Bermuda peaked at 7,728 million SLC in 2008 and was at its lowest, 3,020 million SLC, in 1970.
That places Bermuda 189th out of 223 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Bermuda, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,020 million SLC | — |
| 1971 | 3,123 million SLC | +3.4% |
| 1972 | 3,180 million SLC | +1.8% |
| 1973 | 3,227 million SLC | +1.5% |
| 1974 | 3,256 million SLC | +0.9% |
| 1975 | 3,378 million SLC | +3.8% |
| 1976 | 3,680 million SLC | +8.9% |
| 1977 | 3,774 million SLC | +2.5% |
| 1978 | 3,850 million SLC | +2.0% |
| 1979 | 4,103 million SLC | +6.6% |
| 1980 | 4,259 million SLC | +3.8% |
| 1981 | 4,109 million SLC | -3.5% |
| 1982 | 4,113 million SLC | +0.1% |
| 1983 | 4,148 million SLC | +0.9% |
| 1984 | 4,064 million SLC | -2.0% |
| 1985 | 4,236 million SLC | +4.2% |
| 1986 | 4,424 million SLC | +4.4% |
| 1987 | 4,600 million SLC | +4.0% |
| 1988 | 4,661 million SLC | +1.3% |
| 1989 | 4,667 million SLC | +0.1% |
| 1990 | 4,543 million SLC | -2.6% |
| 1991 | 4,555 million SLC | +0.3% |
| 1992 | 4,431 million SLC | -2.7% |
| 1993 | 4,538 million SLC | +2.4% |
| 1994 | 4,610 million SLC | +1.6% |
| 1995 | 4,859 million SLC | +5.4% |
| 1996 | 5,047 million SLC | +3.9% |
| 1997 | 5,280 million SLC | +4.6% |
| 1998 | 5,486 million SLC | +3.9% |
| 1999 | 5,672 million SLC | +3.4% |
| 2000 | 5,841 million SLC | +3.0% |
| 2001 | 6,263 million SLC | +7.2% |
| 2002 | 6,170 million SLC | -1.5% |
| 2003 | 6,381 million SLC | +3.4% |
| 2004 | 6,531 million SLC | +2.4% |
| 2005 | 6,641 million SLC | +1.7% |
| 2006 | 6,947 million SLC | +4.6% |
| 2007 | 7,406 million SLC | +6.6% |
| 2008 | 7,728 million SLC | +4.4% |
| 2009 | 7,500 million SLC | -3.0% |
| 2010 | 7,544 million SLC | +0.6% |
| 2011 | 7,262 million SLC | -3.7% |
| 2012 | 6,876 million SLC | -5.3% |
| 2013 | 6,857 million SLC | -0.3% |
| 2014 | 6,603 million SLC | -3.7% |
| 2015 | 6,655 million SLC | +0.8% |
| 2016 | 6,611 million SLC | -0.7% |
| 2017 | 6,850 million SLC | +3.6% |
| 2018 | 6,820 million SLC | -0.4% |
| 2019 | 6,841 million SLC | +0.3% |
| 2020 | 6,373 million SLC | -6.8% |
| 2021 | 6,718 million SLC | +5.4% |
| 2022 | 7,150 million SLC | +6.4% |
| 2023 | 7,143 million SLC | -0.1% |
| 2024 | 7,294 million SLC | +2.1% |
Bermuda compared with similar countries
- Bermuda's 7,294 million SLC is below the median for high income countries, which is 202,758 million SLC, 4% of the median. (73 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,459 million SLC | 3,020 million SLC | 4,103 million SLC | 10 |
| 1980s | 4,328 million SLC | 4,064 million SLC | 4,667 million SLC | 10 |
| 1990s | 4,902 million SLC | 4,431 million SLC | 5,672 million SLC | 10 |
| 2000s | 6,741 million SLC | 5,841 million SLC | 7,728 million SLC | 10 |
| 2010s | 6,892 million SLC | 6,603 million SLC | 7,544 million SLC | 10 |
| 2020s | 6,936 million SLC | 6,373 million SLC | 7,294 million SLC | 5 |
Countries ranked near Bermuda
- 187 Sao Tome and Principe 8,533 million SLC compare
- 188 Monaco 8,128 million SLC compare
- 190 Liechtenstein 6,956 million SLC compare
- 191 Aruba 6,380 million SLC compare
- 192 Saint Lucia 5,753 million SLC compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current US$), per 0.1072 current US$ 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 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$) 4.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Bermuda?
- Gross domestic product — value standard local currency, 2015 prices in Bermuda was 7,294 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Bermuda?
- The highest recorded value was 7,728 million SLC in 2008.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Bermuda?
- The lowest recorded value was 3,020 million SLC in 1970.
- How does Bermuda rank for gross domestic product — value standard local currency, 2015 prices?
- Bermuda ranks 189th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Bermuda?
- Over the last ten years it is up 10.5%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).