Gross Domestic Product — Value US$, annual growth rate in Bermuda
Bermuda: Gross Domestic Product — Value US$, annual growth rate was 4.67 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Bermuda, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in Bermuda is 4.67 % change on previous year, measured in 2024.
The figure is up 16.6% on the previous year and up 683.7% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Bermuda peaked at 20.08 % change on previous year in 1980 and was at its lowest, -7.22 % change on previous year, in 2020.
Bermuda ranks 138th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 13.31 % change on previous year | — |
| 1972 | 11.51 % change on previous year | -13.5% |
| 1973 | 14.49 % change on previous year | +25.8% |
| 1974 | 15.99 % change on previous year | +10.4% |
| 1975 | 10.36 % change on previous year | -35.2% |
| 1976 | 11.97 % change on previous year | +15.5% |
| 1977 | 8.54 % change on previous year | -28.6% |
| 1978 | 8.17 % change on previous year | -4.4% |
| 1979 | 16.26 % change on previous year | +99.1% |
| 1980 | 20.08 % change on previous year | +23.5% |
| 1981 | 9.37 % change on previous year | -53.3% |
| 1982 | 11.56 % change on previous year | +23.4% |
| 1983 | 11.38 % change on previous year | -1.6% |
| 1984 | 5.27 % change on previous year | -53.7% |
| 1985 | 10.63 % change on previous year | +101.6% |
| 1986 | 11.03 % change on previous year | +3.8% |
| 1987 | 9.46 % change on previous year | -14.3% |
| 1988 | 6.84 % change on previous year | -27.6% |
| 1989 | 6.03 % change on previous year | -11.9% |
| 1990 | 3.49 % change on previous year | -42.1% |
| 1991 | 3.89 % change on previous year | +11.6% |
| 1992 | 1.7 % change on previous year | -56.3% |
| 1993 | 6.51 % change on previous year | +282.3% |
| 1994 | 4.02 % change on previous year | -38.2% |
| 1995 | 7.32 % change on previous year | +82.1% |
| 1996 | 6.15 % change on previous year | -16.0% |
| 1997 | 8.06 % change on previous year | +31.0% |
| 1998 | 6.74 % change on previous year | -16.3% |
| 1999 | 6.21 % change on previous year | -7.9% |
| 2000 | 4.67 % change on previous year | -24.8% |
| 2001 | 5.75 % change on previous year | +23.2% |
| 2002 | 6.98 % change on previous year | +21.2% |
| 2003 | 6.33 % change on previous year | -9.2% |
| 2004 | 7.12 % change on previous year | +12.5% |
| 2005 | 8.55 % change on previous year | +20.0% |
| 2006 | 10.27 % change on previous year | +20.1% |
| 2007 | 13.36 % change on previous year | +30.0% |
| 2008 | 8.11 % change on previous year | -39.3% |
| 2009 | -0.8209 % change on previous year | -110.1% |
| 2010 | 1.69 % change on previous year | -305.8% |
| 2011 | -4.85 % change on previous year | -387.1% |
| 2012 | 1.04 % change on previous year | -121.4% |
| 2013 | 1.37 % change on previous year | +32.3% |
| 2014 | -0.8007 % change on previous year | -158.3% |
| 2015 | 3.75 % change on previous year | -568.4% |
| 2016 | 3.69 % change on previous year | -1.7% |
| 2017 | 3.18 % change on previous year | -13.7% |
| 2018 | 1.5 % change on previous year | -53.0% |
| 2019 | 2.73 % change on previous year | +82.8% |
| 2020 | -7.22 % change on previous year | -364.4% |
| 2021 | 5.84 % change on previous year | -180.9% |
| 2022 | 7.39 % change on previous year | +26.5% |
| 2023 | 4.01 % change on previous year | -45.7% |
| 2024 | 4.67 % change on previous year | +16.6% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +568.4% | -0.8007 % change on previous year | 3.75 % change on previous year |
| 2011 | -387.1% | 1.69 % change on previous year | -4.85 % change on previous year |
| 2020 | -364.4% | 2.73 % change on previous year | -7.22 % change on previous year |
| 2010 | +305.8% | -0.8209 % change on previous year | 1.69 % change on previous year |
| 1993 | +282.3% | 1.7 % change on previous year | 6.51 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.29 % change on previous year | 8.17 % change on previous year | 16.26 % change on previous year | 9 |
| 1980s | 10.16 % change on previous year | 5.27 % change on previous year | 20.08 % change on previous year | 10 |
| 1990s | 5.41 % change on previous year | 1.7 % change on previous year | 8.06 % change on previous year | 10 |
| 2000s | 7.03 % change on previous year | -0.8209 % change on previous year | 13.36 % change on previous year | 10 |
| 2010s | 1.33 % change on previous year | -4.85 % change on previous year | 3.75 % change on previous year | 10 |
| 2020s | 2.94 % change on previous year | -7.22 % change on previous year | 7.39 % change on previous year | 5 |
Countries ranked near Bermuda
- 135 Lebanon 4.76 % change on previous year compare
- 136 Ireland 4.71 % change on previous year compare
- 137 Switzerland 4.71 % change on previous year compare
- 139 New Caledonia 4.61 % change on previous year compare
- 140 Dominica 4.49 % change on previous year compare
- 141 United Arab Emirates 4.46 % change on previous year compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ 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 us$, annual growth rate in Bermuda?
- Gross domestic product — value us$, annual growth rate in Bermuda was 4.67 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Bermuda?
- The highest recorded value was 20.08 % change on previous year in 1980.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Bermuda?
- The lowest recorded value was -7.22 % change on previous year in 2020.
- How does Bermuda rank for gross domestic product — value us$, annual growth rate?
- Bermuda ranks 138th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 683.7%. 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 — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.