Gross National Income — Value Standard Local Currency in Bermuda
Bermuda: Gross National Income — Value Standard Local Currency was 8,339 million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Bermuda, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Bermuda recorded 8,339 million SLC for gross national income — value standard local currency in 2023. That is the highest value across all 54 years on record.
That represents a change of up 4.0% on the previous year and up 25.9% over ten years.
Over the whole period, gross national income — value standard local currency in Bermuda peaked at 8,339 million SLC in 2023 and was at its lowest, 282.78 million SLC, in 1970.
Bermuda ranks 172nd of 202 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency in Bermuda, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 282.78 million SLC | — |
| 1971 | 320.55 million SLC | +13.4% |
| 1972 | 357.47 million SLC | +11.5% |
| 1973 | 409.35 million SLC | +14.5% |
| 1974 | 474.77 million SLC | +16.0% |
| 1975 | 523.95 million SLC | +10.4% |
| 1976 | 586.66 million SLC | +12.0% |
| 1977 | 636.82 million SLC | +8.5% |
| 1978 | 688.83 million SLC | +8.2% |
| 1979 | 782.62 million SLC | +13.6% |
| 1980 | 962.32 million SLC | +23.0% |
| 1981 | 1,061 million SLC | +10.2% |
| 1982 | 1,161 million SLC | +9.5% |
| 1983 | 1,296 million SLC | +11.6% |
| 1984 | 1,377 million SLC | +6.3% |
| 1985 | 1,526 million SLC | +10.8% |
| 1986 | 1,680 million SLC | +10.1% |
| 1987 | 1,799 million SLC | +7.1% |
| 1988 | 1,900 million SLC | +5.6% |
| 1989 | 1,718 million SLC | -9.6% |
| 1990 | 2,009 million SLC | +17.0% |
| 1991 | 1,619 million SLC | -19.4% |
| 1992 | 1,972 million SLC | +21.9% |
| 1993 | 2,291 million SLC | +16.1% |
| 1994 | 2,372 million SLC | +3.6% |
| 1995 | 2,577 million SLC | +8.6% |
| 1996 | 2,746 million SLC | +6.6% |
| 1997 | 2,973 million SLC | +8.3% |
| 1998 | 3,486 million SLC | +17.3% |
| 1999 | 3,708 million SLC | +6.4% |
| 2000 | 4,015 million SLC | +8.3% |
| 2001 | 4,398 million SLC | +9.5% |
| 2002 | 4,669 million SLC | +6.2% |
| 2003 | 5,163 million SLC | +10.6% |
| 2004 | 4,754 million SLC | -7.9% |
| 2005 | 5,090 million SLC | +7.1% |
| 2006 | 5,803 million SLC | +14.0% |
| 2007 | 6,481 million SLC | +11.7% |
| 2008 | 6,930 million SLC | +6.9% |
| 2009 | 6,291 million SLC | -9.2% |
| 2010 | 6,639 million SLC | +5.5% |
| 2011 | 6,326 million SLC | -4.7% |
| 2012 | 6,522 million SLC | +3.1% |
| 2013 | 6,624 million SLC | +1.6% |
| 2014 | 6,513 million SLC | -1.7% |
| 2015 | 6,740 million SLC | +3.5% |
| 2016 | 6,940 million SLC | +3.0% |
| 2017 | 7,229 million SLC | +4.2% |
| 2018 | 7,265 million SLC | +0.5% |
| 2019 | 7,323 million SLC | +0.8% |
| 2020 | 6,885 million SLC | -6.0% |
| 2021 | 7,379 million SLC | +7.2% |
| 2022 | 8,018 million SLC | +8.7% |
| 2023 | 8,339 million SLC | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 506.38 million SLC | 282.78 million SLC | 782.62 million SLC | 10 |
| 1980s | 1,448 million SLC | 962.32 million SLC | 1,900 million SLC | 10 |
| 1990s | 2,575 million SLC | 1,619 million SLC | 3,708 million SLC | 10 |
| 2000s | 5,360 million SLC | 4,015 million SLC | 6,930 million SLC | 10 |
| 2010s | 6,812 million SLC | 6,326 million SLC | 7,323 million SLC | 10 |
| 2020s | 7,655 million SLC | 6,885 million SLC | 8,339 million SLC | 4 |
Countries ranked near Bermuda
- 169 Barbados 12,880 million SLC compare
- 170 Fiji 11,619 million SLC compare
- 171 Monaco 9,244 million SLC compare
- 173 Netherlands Antilles (former) 7,100 million SLC compare
- 174 Liechtenstein 7,036 million SLC compare
- 175 Montenegro 7,032 million SLC compare
More economy & growth data for Bermuda
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.92 % change on previous year (2024)
- GDP (current LCU), per capita 142,250 current LCU per person (2024)
- Gross domestic savings (current LCU), per capita 63,986 current LCU per person (2024)
- GDP (current LCU), annual growth rate 6.88 % change on previous year (2024)
- GDP (current US$), per capita 142,250 current US$ per person (2024)
- GDP (current US$), annual growth rate 6.88 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 105,450 constant LCU per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7413 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
Frequently asked questions
- What is gross national income — value standard local currency in Bermuda?
- Gross national income — value standard local currency in Bermuda was 8,339 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Bermuda?
- The highest recorded value was 8,339 million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Bermuda?
- The lowest recorded value was 282.78 million SLC in 1970.
- How does Bermuda rank for gross national income — value standard local currency?
- Bermuda ranks 172nd out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Bermuda?
- Over the last ten years it is up 25.9%. 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 National Income — 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).