Gross fixed capital formation in Bermuda
Bermuda: Gross fixed capital formation was 3.3% in 2024. ◆ Volatile
Gross fixed capital formation in Bermuda, 2015–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in Bermuda is 3.3%, measured in 2024.
The figure is up 262.0% on the previous year and up 170.6% over ten years.
Over the whole period, gross fixed capital formation in Bermuda peaked at 15.5% in 2016 and was at its lowest, -24.7%, in 2020.
That places Bermuda 101st out of 166 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Bermuda, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2015 | 1.2% | — |
| 2016 | 15.5% | +1160.6% |
| 2017 | 7.4% | -52.2% |
| 2018 | -1.7% | -122.4% |
| 2019 | 11.7% | -806.3% |
| 2020 | -24.7% | -310.8% |
| 2021 | 9.7% | -139.2% |
| 2022 | -3.2% | -133.2% |
| 2023 | -2.0% | -36.3% |
| 2024 | 3.3% | -262.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.8% | -1.7% | 15.5% | 5 |
| 2020s | -3.4% | -24.7% | 9.7% | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross domestic savings (current LCU), per capita 63,986 current LCU per person (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.4498 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), annual growth rate 10.52 % change on previous year (2024)
- Gross domestic savings (current US$), per capita 63,986 current US$ per person (2024)
- Gross domestic savings (current US$), per unit of GDP 0.4498 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), annual growth rate 10.52 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added 14.31 million constant LCU (2024)
- Manufacturing, value added 27.65 million constant LCU (2024)
- Manufacturing, value added 29.38 million constant 2015 US$ (2024)
- Manufacturing, value added 28.52 million current LCU (2024)
Frequently asked questions
- What is gross fixed capital formation in Bermuda?
- Gross fixed capital formation in Bermuda was 3.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Bermuda?
- The highest recorded value was 15.5% in 2016.
- What is the lowest gross fixed capital formation recorded in Bermuda?
- The lowest recorded value was -24.7% in 2020.
- How does Bermuda rank for gross fixed capital formation?
- Bermuda ranks 101st out of 166 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Bermuda?
- Over the last ten years it is up 170.6%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.