Gross savings in Bermuda
Bermuda: Gross savings was 43.4% in 2023. ▲ Rising
Gross savings in Bermuda, 2010–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Bermuda is 43.4%, measured in 2023. That is the highest value across all 14 years on record.
That represents a change of up 8.2% on the previous year and up 8.4% over ten years.
Over the whole period, gross savings in Bermuda peaked at 43.4% in 2023 and was at its lowest, 37.0%, in 2011.
Bermuda ranks 6th of 177 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 14 years of available data.
Gross savings in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 38.5% | — |
| 2011 | 37.0% | -4.0% |
| 2012 | 39.4% | +6.6% |
| 2013 | 40.0% | +1.6% |
| 2014 | 39.6% | -1.0% |
| 2015 | 39.9% | +0.8% |
| 2016 | 39.3% | -1.6% |
| 2017 | 40.5% | +3.0% |
| 2018 | 40.3% | -0.3% |
| 2019 | 38.4% | -4.7% |
| 2020 | 39.3% | +2.2% |
| 2021 | 42.1% | +7.1% |
| 2022 | 40.1% | -4.6% |
| 2023 | 43.4% | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 39.3% | 37.0% | 40.5% | 10 |
| 2020s | 41.2% | 39.3% | 43.4% | 4 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- 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) (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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.92 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7902 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 112,409 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.92 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7413 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8191 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Bermuda?
- Gross savings in Bermuda was 43.4% 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 43.4% in 2023.
- What is the lowest gross savings recorded in Bermuda?
- The lowest recorded value was 37.0% in 2011.
- How does Bermuda rank for gross savings?
- Bermuda ranks 6th out of 177 countries with data for 2023.
- Is gross savings rising or falling in Bermuda?
- Over the last ten years it is up 8.4%. 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 (% of GDP). 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 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.