Gross Fixed Capital Formation — Value Standard Local Currency in Bermuda
Bermuda: Gross Fixed Capital Formation — Value Standard Local Currency was 1,013 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Bermuda, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Bermuda stood at 1,013 million SLC.
That represents a change of up 5.5% on the previous year and up 30.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Bermuda peaked at 1,120 million SLC in 2008 and was at its lowest, 37.33 million SLC, in 1970.
That places Bermuda 208th out of 230 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Bermuda, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 37.33 million SLC | — |
| 1971 | 41.4 million SLC | +10.9% |
| 1972 | 46.22 million SLC | +11.6% |
| 1973 | 53.47 million SLC | +15.7% |
| 1974 | 62.93 million SLC | +17.7% |
| 1975 | 72.28 million SLC | +14.9% |
| 1976 | 67.6 million SLC | -6.5% |
| 1977 | 82.84 million SLC | +22.5% |
| 1978 | 94.64 million SLC | +14.2% |
| 1979 | 113.8 million SLC | +20.2% |
| 1980 | 158.62 million SLC | +39.4% |
| 1981 | 163.97 million SLC | +3.4% |
| 1982 | 217.44 million SLC | +32.6% |
| 1983 | 241.83 million SLC | +11.2% |
| 1984 | 288.49 million SLC | +19.3% |
| 1985 | 299.21 million SLC | +3.7% |
| 1986 | 275.75 million SLC | -7.8% |
| 1987 | 312.62 million SLC | +13.4% |
| 1988 | 399.23 million SLC | +27.7% |
| 1989 | 382.3 million SLC | -4.2% |
| 1990 | 347.16 million SLC | -9.2% |
| 1991 | 327.07 million SLC | -5.8% |
| 1992 | 334.61 million SLC | +2.3% |
| 1993 | 341.78 million SLC | +2.1% |
| 1994 | 337.48 million SLC | -1.3% |
| 1995 | 361.5 million SLC | +7.1% |
| 1996 | 411 million SLC | +13.7% |
| 1997 | 465.22 million SLC | +13.2% |
| 1998 | 579.95 million SLC | +24.7% |
| 1999 | 643.85 million SLC | +11.0% |
| 2000 | 677.82 million SLC | +5.3% |
| 2001 | 673.93 million SLC | -0.6% |
| 2002 | 585.86 million SLC | -13.1% |
| 2003 | 547.98 million SLC | -6.5% |
| 2004 | 766.24 million SLC | +39.8% |
| 2005 | 836.27 million SLC | +9.1% |
| 2006 | 843.24 million SLC | +0.8% |
| 2007 | 918.63 million SLC | +8.9% |
| 2008 | 1,120 million SLC | +21.9% |
| 2009 | 974.06 million SLC | -13.0% |
| 2010 | 865.34 million SLC | -11.2% |
| 2011 | 794.3 million SLC | -8.2% |
| 2012 | 702.52 million SLC | -11.6% |
| 2013 | 704.32 million SLC | +0.3% |
| 2014 | 775.75 million SLC | +10.1% |
| 2015 | 791.4 million SLC | +2.0% |
| 2016 | 883.41 million SLC | +11.6% |
| 2017 | 983.04 million SLC | +11.3% |
| 2018 | 968.99 million SLC | -1.4% |
| 2019 | 1,095 million SLC | +13.0% |
| 2020 | 842.87 million SLC | -23.0% |
| 2021 | 940.63 million SLC | +11.6% |
| 2022 | 987.18 million SLC | +4.9% |
| 2023 | 960.8 million SLC | -2.7% |
| 2024 | 1,013 million SLC | +5.5% |
Bermuda compared with similar countries
- Bermuda's 1,013 million SLC is below the median for high income countries, which is 36,467 million SLC, 3% of the median. (73 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 67.25 million SLC | 37.33 million SLC | 113.8 million SLC | 10 |
| 1980s | 273.95 million SLC | 158.62 million SLC | 399.23 million SLC | 10 |
| 1990s | 414.96 million SLC | 327.07 million SLC | 643.85 million SLC | 10 |
| 2000s | 794.36 million SLC | 547.98 million SLC | 1,120 million SLC | 10 |
| 2010s | 856.39 million SLC | 702.52 million SLC | 1,095 million SLC | 10 |
| 2020s | 948.95 million SLC | 842.87 million SLC | 1,013 million SLC | 5 |
Countries ranked near Bermuda
- 205 Cayman Islands 1,266 million SLC compare
- 206 Saint Vincent and the Grenadines 1,185 million SLC compare
- 207 Sint Maarten (Dutch part) 1,039 million SLC compare
- 209 Liberia 947.12 million SLC compare
- 210 Samoa 909.46 million SLC compare
- 211 Saint Kitts and Nevis 908.35 million SLC 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 fixed capital formation — value standard local currency in Bermuda?
- Gross fixed capital formation — value standard local currency in Bermuda was 1,013 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Bermuda?
- The highest recorded value was 1,120 million SLC in 2008.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Bermuda?
- The lowest recorded value was 37.33 million SLC in 1970.
- How does Bermuda rank for gross fixed capital formation — value standard local currency?
- Bermuda ranks 208th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Bermuda?
- Over the last ten years it is up 30.6%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).