Gross Domestic Product — Value US$ in Bermuda
Bermuda: Gross Domestic Product — Value US$ was 8,522 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Bermuda, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Bermuda stood at 8,522 million USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 32.9% over ten years.
Over the whole period, gross domestic product — value us$ in Bermuda peaked at 8,522 million USD in 2024 and was at its lowest, 265.54 million USD, in 1970.
Bermuda ranks 177th 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$ in Bermuda, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 265.54 million USD | — |
| 1971 | 300.88 million USD | +13.3% |
| 1972 | 335.52 million USD | +11.5% |
| 1973 | 384.12 million USD | +14.5% |
| 1974 | 445.55 million USD | +16.0% |
| 1975 | 491.73 million USD | +10.4% |
| 1976 | 550.6 million USD | +12.0% |
| 1977 | 597.64 million USD | +8.5% |
| 1978 | 646.44 million USD | +8.2% |
| 1979 | 751.53 million USD | +16.3% |
| 1980 | 902.43 million USD | +20.1% |
| 1981 | 986.97 million USD | +9.4% |
| 1982 | 1,101 million USD | +11.6% |
| 1983 | 1,226 million USD | +11.4% |
| 1984 | 1,291 million USD | +5.3% |
| 1985 | 1,428 million USD | +10.6% |
| 1986 | 1,586 million USD | +11.0% |
| 1987 | 1,736 million USD | +9.5% |
| 1988 | 1,855 million USD | +6.8% |
| 1989 | 1,966 million USD | +6.0% |
| 1990 | 2,035 million USD | +3.5% |
| 1991 | 2,114 million USD | +3.9% |
| 1992 | 2,150 million USD | +1.7% |
| 1993 | 2,290 million USD | +6.5% |
| 1994 | 2,382 million USD | +4.0% |
| 1995 | 2,557 million USD | +7.3% |
| 1996 | 2,714 million USD | +6.1% |
| 1997 | 2,933 million USD | +8.1% |
| 1998 | 3,130 million USD | +6.7% |
| 1999 | 3,325 million USD | +6.2% |
| 2000 | 3,480 million USD | +4.7% |
| 2001 | 3,680 million USD | +5.8% |
| 2002 | 3,937 million USD | +7.0% |
| 2003 | 4,187 million USD | +6.3% |
| 2004 | 4,485 million USD | +7.1% |
| 2005 | 4,868 million USD | +8.5% |
| 2006 | 5,368 million USD | +10.3% |
| 2007 | 6,085 million USD | +13.4% |
| 2008 | 6,578 million USD | +8.1% |
| 2009 | 6,524 million USD | -0.8% |
| 2010 | 6,635 million USD | +1.7% |
| 2011 | 6,313 million USD | -4.9% |
| 2012 | 6,378 million USD | +1.0% |
| 2013 | 6,466 million USD | +1.4% |
| 2014 | 6,414 million USD | -0.8% |
| 2015 | 6,655 million USD | +3.8% |
| 2016 | 6,900 million USD | +3.7% |
| 2017 | 7,120 million USD | +3.2% |
| 2018 | 7,226 million USD | +1.5% |
| 2019 | 7,423 million USD | +2.7% |
| 2020 | 6,887 million USD | -7.2% |
| 2021 | 7,289 million USD | +5.8% |
| 2022 | 7,828 million USD | +7.4% |
| 2023 | 8,142 million USD | +4.0% |
| 2024 | 8,522 million USD | +4.7% |
Bermuda compared with similar countries
- Bermuda's 8,522 million USD is below the median for high income countries, which is 95,350 million USD, 9% of the median. (73 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 476.96 million USD | 265.54 million USD | 751.53 million USD | 10 |
| 1980s | 1,408 million USD | 902.43 million USD | 1,966 million USD | 10 |
| 1990s | 2,563 million USD | 2,035 million USD | 3,325 million USD | 10 |
| 2000s | 4,919 million USD | 3,480 million USD | 6,578 million USD | 10 |
| 2010s | 6,753 million USD | 6,313 million USD | 7,423 million USD | 10 |
| 2020s | 7,734 million USD | 6,887 million USD | 8,522 million USD | 5 |
Countries ranked near Bermuda
- 174 Togo 10,041 million USD compare
- 175 Polynesia 8,773 million USD compare
- 176 Yemen 8,658 million USD compare
- 178 Liechtenstein 8,423 million USD compare
- 179 Montenegro 8,074 million USD compare
- 180 Cayman Islands 7,552 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$ in Bermuda?
- Gross domestic product — value us$ in Bermuda was 8,522 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Bermuda?
- The highest recorded value was 8,522 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Bermuda?
- The lowest recorded value was 265.54 million USD in 1970.
- How does Bermuda rank for gross domestic product — value us$?
- Bermuda ranks 177th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ 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 US$. 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).