Gross Domestic Product — Value US$, 2015 prices in Bermuda
Bermuda: Gross Domestic Product — Value US$, 2015 prices was 7,294 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Bermuda, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Bermuda recorded 7,294 million USD for gross domestic product — value us$, 2015 prices in 2024.
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 us$, 2015 prices in Bermuda peaked at 7,728 million USD in 2008 and was at its lowest, 3,020 million USD, in 1970.
Bermuda ranks 178th of 236 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Bermuda, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 3,020 million USD | — |
| 1971 | 3,123 million USD | +3.4% |
| 1972 | 3,180 million USD | +1.8% |
| 1973 | 3,227 million USD | +1.5% |
| 1974 | 3,256 million USD | +0.9% |
| 1975 | 3,378 million USD | +3.8% |
| 1976 | 3,680 million USD | +8.9% |
| 1977 | 3,774 million USD | +2.5% |
| 1978 | 3,850 million USD | +2.0% |
| 1979 | 4,103 million USD | +6.6% |
| 1980 | 4,259 million USD | +3.8% |
| 1981 | 4,109 million USD | -3.5% |
| 1982 | 4,113 million USD | +0.1% |
| 1983 | 4,148 million USD | +0.9% |
| 1984 | 4,064 million USD | -2.0% |
| 1985 | 4,236 million USD | +4.2% |
| 1986 | 4,424 million USD | +4.4% |
| 1987 | 4,600 million USD | +4.0% |
| 1988 | 4,661 million USD | +1.3% |
| 1989 | 4,667 million USD | +0.1% |
| 1990 | 4,543 million USD | -2.6% |
| 1991 | 4,555 million USD | +0.3% |
| 1992 | 4,431 million USD | -2.7% |
| 1993 | 4,538 million USD | +2.4% |
| 1994 | 4,610 million USD | +1.6% |
| 1995 | 4,859 million USD | +5.4% |
| 1996 | 5,047 million USD | +3.9% |
| 1997 | 5,280 million USD | +4.6% |
| 1998 | 5,486 million USD | +3.9% |
| 1999 | 5,672 million USD | +3.4% |
| 2000 | 5,841 million USD | +3.0% |
| 2001 | 6,263 million USD | +7.2% |
| 2002 | 6,170 million USD | -1.5% |
| 2003 | 6,381 million USD | +3.4% |
| 2004 | 6,531 million USD | +2.4% |
| 2005 | 6,641 million USD | +1.7% |
| 2006 | 6,947 million USD | +4.6% |
| 2007 | 7,406 million USD | +6.6% |
| 2008 | 7,728 million USD | +4.4% |
| 2009 | 7,500 million USD | -3.0% |
| 2010 | 7,544 million USD | +0.6% |
| 2011 | 7,262 million USD | -3.7% |
| 2012 | 6,876 million USD | -5.3% |
| 2013 | 6,857 million USD | -0.3% |
| 2014 | 6,603 million USD | -3.7% |
| 2015 | 6,655 million USD | +0.8% |
| 2016 | 6,611 million USD | -0.7% |
| 2017 | 6,850 million USD | +3.6% |
| 2018 | 6,820 million USD | -0.4% |
| 2019 | 6,841 million USD | +0.3% |
| 2020 | 6,373 million USD | -6.8% |
| 2021 | 6,718 million USD | +5.4% |
| 2022 | 7,150 million USD | +6.4% |
| 2023 | 7,143 million USD | -0.1% |
| 2024 | 7,294 million USD | +2.1% |
Bermuda compared with similar countries
- Bermuda's 7,294 million USD is below the median for high income countries, which is 76,264 million USD, 10% of the median. (73 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,459 million USD | 3,020 million USD | 4,103 million USD | 10 |
| 1980s | 4,328 million USD | 4,064 million USD | 4,667 million USD | 10 |
| 1990s | 4,902 million USD | 4,431 million USD | 5,672 million USD | 10 |
| 2000s | 6,741 million USD | 5,841 million USD | 7,728 million USD | 10 |
| 2010s | 6,892 million USD | 6,603 million USD | 7,544 million USD | 10 |
| 2020s | 6,936 million USD | 6,373 million USD | 7,294 million USD | 5 |
Countries ranked near Bermuda
- 175 New Caledonia 8,884 million USD compare
- 176 Mauritania 8,613 million USD compare
- 177 Polynesia 7,934 million USD compare
- 179 Liechtenstein 7,228 million USD compare
- 180 Maldives 6,351 million USD compare
- 181 Cayman Islands 6,134 million USD 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 us$, 2015 prices in Bermuda?
- Gross domestic product — value us$, 2015 prices in Bermuda was 7,294 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Bermuda?
- The highest recorded value was 7,728 million USD in 2008.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Bermuda?
- The lowest recorded value was 3,020 million USD in 1970.
- How does Bermuda rank for gross domestic product — value us$, 2015 prices?
- Bermuda ranks 178th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 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).