Gross Domestic Product — Value Standard Local Currency in Bermuda
Bermuda: Gross Domestic Product — Value Standard Local Currency was 8,522 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Bermuda, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Bermuda recorded 8,522 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.7% on the previous year and up 32.9% over ten years.
Over the whole period, gross domestic product — value standard local currency in Bermuda peaked at 8,522 million SLC in 2024 and was at its lowest, 265.54 million SLC, in 1970.
That places Bermuda 186th out of 218 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Bermuda, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 265.54 million SLC | — |
| 1971 | 300.88 million SLC | +13.3% |
| 1972 | 335.52 million SLC | +11.5% |
| 1973 | 384.12 million SLC | +14.5% |
| 1974 | 445.55 million SLC | +16.0% |
| 1975 | 491.73 million SLC | +10.4% |
| 1976 | 550.6 million SLC | +12.0% |
| 1977 | 597.64 million SLC | +8.5% |
| 1978 | 646.44 million SLC | +8.2% |
| 1979 | 751.53 million SLC | +16.3% |
| 1980 | 902.43 million SLC | +20.1% |
| 1981 | 986.97 million SLC | +9.4% |
| 1982 | 1,101 million SLC | +11.6% |
| 1983 | 1,226 million SLC | +11.4% |
| 1984 | 1,291 million SLC | +5.3% |
| 1985 | 1,428 million SLC | +10.6% |
| 1986 | 1,586 million SLC | +11.0% |
| 1987 | 1,736 million SLC | +9.5% |
| 1988 | 1,855 million SLC | +6.8% |
| 1989 | 1,966 million SLC | +6.0% |
| 1990 | 2,035 million SLC | +3.5% |
| 1991 | 2,114 million SLC | +3.9% |
| 1992 | 2,150 million SLC | +1.7% |
| 1993 | 2,290 million SLC | +6.5% |
| 1994 | 2,382 million SLC | +4.0% |
| 1995 | 2,557 million SLC | +7.3% |
| 1996 | 2,714 million SLC | +6.1% |
| 1997 | 2,933 million SLC | +8.1% |
| 1998 | 3,130 million SLC | +6.7% |
| 1999 | 3,325 million SLC | +6.2% |
| 2000 | 3,480 million SLC | +4.7% |
| 2001 | 3,680 million SLC | +5.8% |
| 2002 | 3,937 million SLC | +7.0% |
| 2003 | 4,187 million SLC | +6.3% |
| 2004 | 4,485 million SLC | +7.1% |
| 2005 | 4,868 million SLC | +8.5% |
| 2006 | 5,368 million SLC | +10.3% |
| 2007 | 6,085 million SLC | +13.4% |
| 2008 | 6,578 million SLC | +8.1% |
| 2009 | 6,524 million SLC | -0.8% |
| 2010 | 6,635 million SLC | +1.7% |
| 2011 | 6,313 million SLC | -4.9% |
| 2012 | 6,378 million SLC | +1.0% |
| 2013 | 6,466 million SLC | +1.4% |
| 2014 | 6,414 million SLC | -0.8% |
| 2015 | 6,655 million SLC | +3.8% |
| 2016 | 6,900 million SLC | +3.7% |
| 2017 | 7,120 million SLC | +3.2% |
| 2018 | 7,226 million SLC | +1.5% |
| 2019 | 7,423 million SLC | +2.7% |
| 2020 | 6,887 million SLC | -7.2% |
| 2021 | 7,289 million SLC | +5.8% |
| 2022 | 7,828 million SLC | +7.4% |
| 2023 | 8,142 million SLC | +4.0% |
| 2024 | 8,522 million SLC | +4.7% |
Bermuda compared with similar countries
- Bermuda's 8,522 million SLC is below the median for high income countries, which is 257,567 million SLC, 3% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 476.96 million SLC | 265.54 million SLC | 751.53 million SLC | 10 |
| 1980s | 1,408 million SLC | 902.43 million SLC | 1,966 million SLC | 10 |
| 1990s | 2,563 million SLC | 2,035 million SLC | 3,325 million SLC | 10 |
| 2000s | 4,919 million SLC | 3,480 million SLC | 6,578 million SLC | 10 |
| 2010s | 6,753 million SLC | 6,313 million SLC | 7,423 million SLC | 10 |
| 2020s | 7,734 million SLC | 6,887 million SLC | 8,522 million SLC | 5 |
Countries ranked near Bermuda
- 183 Palestine 13,364 million SLC compare
- 184 Fiji 13,248 million SLC compare
- 185 Monaco 9,945 million SLC compare
- 187 Montenegro 7,459 million SLC compare
- 188 Liechtenstein 7,419 million SLC compare
- 189 Netherlands Antilles (former) 7,176 million SLC 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 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 — value standard local currency in Bermuda?
- Gross domestic product — value standard local currency in Bermuda was 8,522 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 recorded in Bermuda?
- The highest recorded value was 8,522 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Bermuda?
- The lowest recorded value was 265.54 million SLC in 1970.
- How does Bermuda rank for gross domestic product — value standard local currency?
- Bermuda ranks 186th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Bermuda?
- Over the last ten years it is up 32.9%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).