Gross savings in Bermuda
Bermuda: Gross savings was 3.74 billion current LCU in 2023. ▲ Rising
Gross savings in Bermuda, 2010–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Bermuda recorded 3.74 billion current LCU for gross savings in 2023. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 19.8% on the previous year and up 44.2% over ten years.
Over the whole period, gross savings in Bermuda peaked at 3.74 billion current LCU in 2023 and was at its lowest, 2.33 billion current LCU, in 2011.
Bermuda ranks 153rd of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.66 billion current LCU | 2.33 billion current LCU | 2.92 billion current LCU | 10 |
| 2020s | 3.16 billion current LCU | 2.71 billion current LCU | 3.74 billion current LCU | 4 |
Countries ranked near Bermuda
- 150 Cyprus 4.69 billion current LCU compare
- 151 Faroe Islands 3.87 billion current LCU compare
- 152 Papua New Guinea 3.85 billion current LCU compare
- 154 Bahamas 3.04 billion current LCU compare
- 156 Fiji 1.77 billion current LCU compare
More economy & growth data for Bermuda
- External balance on goods and services as a percent of GDP 30.1% (2024)
- GDP per capita 116,514 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.3% (2024)
- Gross domestic product (GDP) 7.53 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 116,514 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -229.00 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -229.00 million current US$ (2024)
- Taxes less subsidies on products 332.49 million current LCU (2024)
- Taxes less subsidies on products 332.49 million current US$ (2024)
Frequently asked questions
- What is gross savings in Bermuda?
- Gross savings in Bermuda was 3.74 billion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Bermuda?
- The highest recorded value was 3.74 billion current LCU in 2023.
- What is the lowest gross savings recorded in Bermuda?
- The lowest recorded value was 2.33 billion current LCU in 2011.
- How does Bermuda rank for gross savings?
- Bermuda ranks 153rd out of 177 countries with data for 2023.
- Is gross savings rising or falling in Bermuda?
- Over the last ten years it is up 44.2%. 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 Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.