Gross national expenditure in Bermuda
Bermuda: Gross national expenditure was 66.1% in 2024. ▼ Falling
Gross national expenditure in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross national expenditure in Bermuda stood at 66.1%. That is the lowest value across all 15 years on record.
The figure is down 2.4% on the previous year and down 10.6% over ten years.
Over the whole period, gross national expenditure in Bermuda peaked at 76.1% in 2011 and was at its lowest, 66.1%, in 2024.
Bermuda ranks 182nd of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Gross national expenditure in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 74.7% | — |
| 2011 | 76.1% | +1.9% |
| 2012 | 73.9% | -2.9% |
| 2013 | 73.0% | -1.1% |
| 2014 | 73.9% | +1.2% |
| 2015 | 73.1% | -1.2% |
| 2016 | 73.8% | +1.0% |
| 2017 | 74.6% | +1.1% |
| 2018 | 73.9% | -0.9% |
| 2019 | 75.2% | +1.7% |
| 2020 | 72.7% | -3.3% |
| 2021 | 72.3% | -0.6% |
| 2022 | 75.2% | +4.0% |
| 2023 | 67.7% | -9.9% |
| 2024 | 66.1% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 74.2% | 73.0% | 76.1% | 10 |
| 2020s | 70.8% | 66.1% | 75.2% | 5 |
Countries ranked near Bermuda
- 179 San Marino 69.0% compare
- 180 Luxembourg 68.8% compare
- 181 Turkmenistan 68.3%
- 183 Singapore 63.8% compare
- 184 Qatar 63.0% compare
- 185 Ireland 59.4% compare
More economy & growth data for Bermuda
- Services, value added (constant 2015 US$), annual growth rate 1.77 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 6.98 % change on previous year (2024)
- GDP deflator (base year varies by country), annual growth rate 4.9 % change on previous year (2024)
- Services, value added (constant LCU), per capita 99,336 constant LCU per person (2024)
- Services, value added (constant 2015 US$), per capita 106,029 constant 2015 US$ per person (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.7454 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (current LCU), per unit of GDP 0.9131 current LCU per US$ of GDP (2024)
- Services, value added (current US$), per capita 129,888 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 6.68 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9638 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross national expenditure in Bermuda?
- Gross national expenditure in Bermuda was 66.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Bermuda?
- The highest recorded value was 76.1% in 2011.
- What is the lowest gross national expenditure recorded in Bermuda?
- The lowest recorded value was 66.1% in 2024.
- How does Bermuda rank for gross national expenditure?
- Bermuda ranks 182nd out of 186 countries with data for 2024.
- Is gross national expenditure rising or falling in Bermuda?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is falling.
- 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 national expenditure (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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.