Gross value added at basic prices (GVA) in Bermuda
Bermuda: Gross value added at basic prices (GVA) was 6.82 billion constant LCU in 2024. ▬ Flat
Gross value added at basic prices (GVA) in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Bermuda is 6.82 billion constant LCU, measured in 2024.
Compared with earlier readings it 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 6.84 billion constant LCU in 2010 and was at its lowest, 5.71 billion constant LCU, in 2020.
Bermuda ranks 171st of 198 countries on this measure, in the bottom quarter.
Gross value added at basic prices (GVA) in Bermuda, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2010 | 6.84 billion constant LCU | — |
| 2011 | 6.56 billion constant LCU | -4.1% |
| 2012 | 6.21 billion constant LCU | -5.3% |
| 2013 | 6.19 billion constant LCU | -0.4% |
| 2014 | 5.97 billion constant LCU | -3.5% |
| 2015 | 5.98 billion constant LCU | +0.2% |
| 2016 | 5.94 billion constant LCU | -0.6% |
| 2017 | 6.15 billion constant LCU | +3.6% |
| 2018 | 6.14 billion constant LCU | -0.2% |
| 2019 | 6.17 billion constant LCU | +0.5% |
| 2020 | 5.71 billion constant LCU | -7.4% |
| 2021 | 6.00 billion constant LCU | +5.1% |
| 2022 | 6.41 billion constant LCU | +6.7% |
| 2023 | 6.69 billion constant LCU | +4.4% |
| 2024 | 6.82 billion constant LCU | +1.9% |
Bermuda compared with similar countries
- Bermuda's 6.82 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 3% of the median. (70 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.21 billion constant LCU | 5.94 billion constant LCU | 6.84 billion constant LCU | 10 |
| 2020s | 6.33 billion constant LCU | 5.71 billion constant LCU | 6.82 billion constant LCU | 5 |
Countries ranked near Bermuda
- 168 Channel Islands 10.06 billion constant LCU compare
- 169 Tajikistan 10.00 billion constant LCU compare
- 170 Eritrea 7.16 billion constant LCU
- 172 Kosovo 5.77 billion constant LCU compare
- 172 Kosovo (UNSCR 1244) 5.77 billion constant LCU compare
- 174 Monaco 5.73 billion constant LCU 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 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)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (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 6.82 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Bermuda?
- The highest recorded value was 6.84 billion constant LCU in 2010.
- What is the lowest gross value added at basic prices (gva) recorded in Bermuda?
- The lowest recorded value was 5.71 billion constant LCU in 2020.
- How does Bermuda rank for gross value added at basic prices (gva)?
- Bermuda ranks 171st out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.