Gross savings (current LCU) in Bermuda
Bermuda: Gross savings (current LCU) was 4.20 billion current LCU in 2024. ▲ Rising
Gross savings in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Bermuda recorded 4.20 billion current LCU for gross savings in 2024. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 12.3% on the previous year and up 65.1% over ten years.
Over the whole period, gross savings in Bermuda peaked at 4.20 billion current LCU in 2024 and was at its lowest, 2.33 billion current LCU, in 2011.
Bermuda ranks 153rd of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Gross savings (current LCU) in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | 2.55 billion current LCU | — |
| 2011 | 2.33 billion current LCU | -8.7% |
| 2012 | 2.51 billion current LCU | +7.8% |
| 2013 | 2.59 billion current LCU | +3.0% |
| 2014 | 2.54 billion current LCU | -1.8% |
| 2015 | 2.66 billion current LCU | +4.6% |
| 2016 | 2.71 billion current LCU | +2.1% |
| 2017 | 2.89 billion current LCU | +6.6% |
| 2018 | 2.92 billion current LCU | +0.8% |
| 2019 | 2.85 billion current LCU | -2.1% |
| 2020 | 2.71 billion current LCU | -5.2% |
| 2021 | 3.07 billion current LCU | +13.4% |
| 2022 | 3.12 billion current LCU | +1.6% |
| 2023 | 3.74 billion current LCU | +19.8% |
| 2024 | 4.20 billion current LCU | +12.3% |
Bermuda compared with similar countries
- Bermuda's 4.20 billion current LCU is below the median for high income countries, which is 181.85 billion current LCU, 2% of the median. (63 countries reporting)
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 | 3.36 billion current LCU | 2.71 billion current LCU | 4.20 billion current LCU | 5 |
Countries ranked near Bermuda
- 150 Malta 5.99 billion current LCU compare
- 151 Bahrain 5.93 billion current LCU compare
- 152 Cyprus 4.69 billion current LCU compare
- 154 Faroe Islands 3.87 billion current LCU
- 155 Papua New Guinea 3.85 billion current LCU
- 156 Bahamas 3.04 billion current LCU compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ 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 capita 1,823 BoP, current US$ per person (2024)
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross savings in Bermuda?
- Gross savings in Bermuda was 4.20 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Bermuda?
- The highest recorded value was 4.20 billion current LCU in 2024.
- 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 178 countries with data for 2024.
- Is gross savings rising or falling in Bermuda?
- Over the last ten years it is up 65.1%. 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.
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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.