Gross value added at basic prices (GVA) in Bermuda
Bermuda: Gross value added at basic prices (GVA) was 8.86 billion current LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Bermuda stood at 8.86 billion current LCU. That is the highest value across all 25 years on record.
The figure is up 7.0% on the previous year and up 43.9% over ten years.
Over the whole period, gross value added at basic prices (gva) in Bermuda peaked at 8.86 billion current LCU in 2024 and was at its lowest, 2.55 billion current LCU, in 1996.
That places Bermuda 178th out of 206 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.87 billion current LCU | 2.55 billion current LCU | 3.15 billion current LCU | 4 |
| 2000s | 3.91 billion current LCU | 3.30 billion current LCU | 4.64 billion current LCU | 6 |
| 2010s | 6.47 billion current LCU | 6.04 billion current LCU | 7.11 billion current LCU | 10 |
| 2020s | 7.65 billion current LCU | 6.63 billion current LCU | 8.86 billion current LCU | 5 |
Countries ranked near Bermuda
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 value added at basic prices (gva) in Bermuda?
- Gross value added at basic prices (gva) in Bermuda was 8.86 billion current LCU 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 8.86 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Bermuda?
- The lowest recorded value was 2.55 billion current LCU in 1996.
- How does Bermuda rank for gross value added at basic prices (gva)?
- Bermuda ranks 178th out of 206 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 43.9%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.