Gross domestic savings in Bermuda
Bermuda: Gross domestic savings was 45.0% in 2024. ▲ Rising
Gross domestic savings in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in Bermuda stood at 45.0%. That is the highest value across all 15 years on record.
The figure is up 3.4% on the previous year and up 17.9% over ten years.
Over the whole period, gross domestic savings in Bermuda peaked at 45.0% in 2024 and was at its lowest, 36.5%, in 2011.
Bermuda ranks 12th of 188 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Gross domestic savings in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 38.4% | — |
| 2011 | 36.5% | -5.0% |
| 2012 | 37.1% | +1.8% |
| 2013 | 37.8% | +1.9% |
| 2014 | 38.2% | +0.8% |
| 2015 | 38.8% | +1.8% |
| 2016 | 39.1% | +0.5% |
| 2017 | 39.2% | +0.4% |
| 2018 | 39.5% | +0.8% |
| 2019 | 39.6% | +0.2% |
| 2020 | 39.5% | -0.1% |
| 2021 | 40.6% | +2.8% |
| 2022 | 37.5% | -7.6% |
| 2023 | 43.5% | +15.9% |
| 2024 | 45.0% | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 38.4% | 36.5% | 39.6% | 10 |
| 2020s | 41.2% | 37.5% | 45.0% | 5 |
Countries ranked near Bermuda
- 9 Brunei Darussalam 46.9% compare
- 10 Luxembourg 46.7% compare
- 11 Bahrain 46.1% compare
- 13 China 43.3% compare
- 14 United Arab Emirates 42.9% compare
- 15 Oman 42.1% compare
More economy & growth data for Bermuda
- Industry (including construction), value added (constant LCU), annual 4.66 % change on previous year (2024)
- Services, value added (current LCU), annual growth rate 6.68 % change on previous year (2024)
- Services, value added (current US$), per capita 129,888 current US$ per person (2024)
- Services, value added (current US$), per unit of GDP 0.9131 current US$ per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 6.68 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 5,892 constant LCU per person (2024)
- Industry (including construction), value added (constant LCU), per 0.0414 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 4.66 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.049 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 6,965 current LCU per person (2024)
Frequently asked questions
- What is gross domestic savings in Bermuda?
- Gross domestic savings in Bermuda was 45.0% 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 45.0% in 2024.
- What is the lowest gross domestic savings recorded in Bermuda?
- The lowest recorded value was 36.5% in 2011.
- How does Bermuda rank for gross domestic savings?
- Bermuda ranks 12th 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 17.9%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.