Gross domestic savings (current LCU) in Bermuda
Bermuda: Gross domestic savings (current LCU) was 4.14 billion current LCU in 2024. ▲ Rising
Gross domestic savings in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross domestic savings in Bermuda is 4.14 billion current LCU, measured in 2024. That is the highest value across all 15 years on record.
The figure is up 10.5% on the previous year and up 68.9% over ten years.
Over the whole period, gross domestic savings in Bermuda peaked at 4.14 billion current LCU in 2024 and was at its lowest, 2.30 billion current LCU, in 2011.
That places Bermuda 146th out of 188 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Gross domestic savings (current LCU) in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | 2.55 billion current LCU | — |
| 2011 | 2.30 billion current LCU | -9.6% |
| 2012 | 2.37 billion current LCU | +2.9% |
| 2013 | 2.45 billion current LCU | +3.3% |
| 2014 | 2.45 billion current LCU | +0.0% |
| 2015 | 2.58 billion current LCU | +5.6% |
| 2016 | 2.69 billion current LCU | +4.2% |
| 2017 | 2.80 billion current LCU | +3.9% |
| 2018 | 2.85 billion current LCU | +2.0% |
| 2019 | 2.94 billion current LCU | +2.9% |
| 2020 | 2.72 billion current LCU | -7.3% |
| 2021 | 2.96 billion current LCU | +8.8% |
| 2022 | 2.92 billion current LCU | -1.6% |
| 2023 | 3.74 billion current LCU | +28.3% |
| 2024 | 4.14 billion current LCU | +10.5% |
Bermuda compared with similar countries
- Bermuda's 4.14 billion current LCU is below the median for high income countries, which is 134.59 billion current LCU, 3% of the median. (67 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (current LCU) 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 |
|---|---|---|---|
| 2023 | +28.3% | 2.92 billion current LCU | 3.74 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.60 billion current LCU | 2.30 billion current LCU | 2.94 billion current LCU | 10 |
| 2020s | 3.30 billion current LCU | 2.72 billion current LCU | 4.14 billion current LCU | 5 |
Countries ranked near Bermuda
- 143 South Sudan 5.84 billion current LCU compare
- 144 Vanuatu 5.26 billion current LCU compare
- 145 Papua New Guinea 4.21 billion current LCU
- 147 Bahamas 3.61 billion current LCU compare
- 148 Aruba 2.46 billion current LCU compare
- 149 Seychelles 1.99 billion current LCU compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ 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 capita 1,823 BoP, current US$ per person (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 savings in Bermuda?
- Gross domestic savings in Bermuda was 4.14 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Bermuda?
- The highest recorded value was 4.14 billion current LCU in 2024.
- What is the lowest gross domestic savings recorded in Bermuda?
- The lowest recorded value was 2.30 billion current LCU in 2011.
- How does Bermuda rank for gross domestic savings?
- Bermuda ranks 146th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Bermuda?
- Over the last ten years it is up 68.9%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.