Gross value added at basic prices (GVA) in Bermuda
Bermuda: Gross value added at basic prices (GVA) was 7.27 billion constant 2015 US$ in 2024. ▬ Flat
Gross value added at basic prices (GVA) in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Bermuda is 7.27 billion constant 2015 US$, measured in 2024.
The figure is up 1.9% on the previous year and up 14.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Bermuda peaked at 7.29 billion constant 2015 US$ in 2010 and was at its lowest, 6.09 billion constant 2015 US$, in 2020.
That places Bermuda 152nd out of 194 countries with data for 2024, putting it in the bottom quarter.
Gross value added at basic prices (GVA) in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2010 | 7.29 billion constant 2015 US$ | — |
| 2011 | 6.99 billion constant 2015 US$ | -4.1% |
| 2012 | 6.62 billion constant 2015 US$ | -5.3% |
| 2013 | 6.60 billion constant 2015 US$ | -0.4% |
| 2014 | 6.36 billion constant 2015 US$ | -3.5% |
| 2015 | 6.37 billion constant 2015 US$ | +0.2% |
| 2016 | 6.33 billion constant 2015 US$ | -0.6% |
| 2017 | 6.56 billion constant 2015 US$ | +3.6% |
| 2018 | 6.54 billion constant 2015 US$ | -0.2% |
| 2019 | 6.58 billion constant 2015 US$ | +0.5% |
| 2020 | 6.09 billion constant 2015 US$ | -7.4% |
| 2021 | 6.40 billion constant 2015 US$ | +5.1% |
| 2022 | 6.83 billion constant 2015 US$ | +6.7% |
| 2023 | 7.13 billion constant 2015 US$ | +4.4% |
| 2024 | 7.27 billion constant 2015 US$ | +1.9% |
Bermuda compared with similar countries
- Bermuda's 7.27 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 8% of the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.62 billion constant 2015 US$ | 6.33 billion constant 2015 US$ | 7.29 billion constant 2015 US$ | 10 |
| 2020s | 6.74 billion constant 2015 US$ | 6.09 billion constant 2015 US$ | 7.27 billion constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 149 Mauritania 7.88 billion constant 2015 US$ compare
- 150 Kosovo 7.34 billion constant 2015 US$ compare
- 150 Kosovo (UNSCR 1244) 7.34 billion constant 2015 US$ compare
- 153 Isle of Man 7.06 billion constant 2015 US$ compare
- 154 Maldives 5.98 billion constant 2015 US$ compare
- 155 Cayman Islands 5.96 billion constant 2015 US$ compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU 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 unit 0.0128 BoP, current US$ per US$ of GDP (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 value added at basic prices (gva) in Bermuda?
- Gross value added at basic prices (gva) in Bermuda was 7.27 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Bermuda?
- The highest recorded value was 7.29 billion constant 2015 US$ in 2010.
- What is the lowest gross value added at basic prices (gva) recorded in Bermuda?
- The lowest recorded value was 6.09 billion constant 2015 US$ in 2020.
- How does Bermuda rank for gross value added at basic prices (gva)?
- Bermuda ranks 152nd out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Bermuda?
- Over the last ten years it is up 14.2%. The long-run trend across the full record is flat.
- 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 value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.