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 207 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.
Gross value added at basic prices (GVA) in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 2.55 billion current LCU | — |
| 1997 | 2.78 billion current LCU | +9.1% |
| 1998 | 2.98 billion current LCU | +6.8% |
| 1999 | 3.15 billion current LCU | +5.9% |
| 2000 | 3.30 billion current LCU | +4.6% |
| 2001 | 3.50 billion current LCU | +6.0% |
| 2002 | 3.75 billion current LCU | +7.2% |
| 2003 | 3.99 billion current LCU | +6.4% |
| 2004 | 4.27 billion current LCU | +7.0% |
| 2005 | 4.64 billion current LCU | +8.6% |
| 2010 | 6.36 billion current LCU | +37.1% |
| 2011 | 6.04 billion current LCU | -4.9% |
| 2012 | 6.13 billion current LCU | +1.4% |
| 2013 | 6.19 billion current LCU | +1.0% |
| 2014 | 6.16 billion current LCU | -0.5% |
| 2015 | 6.37 billion current LCU | +3.5% |
| 2016 | 6.61 billion current LCU | +3.7% |
| 2017 | 6.82 billion current LCU | +3.2% |
| 2018 | 6.90 billion current LCU | +1.2% |
| 2019 | 7.11 billion current LCU | +2.9% |
| 2020 | 6.63 billion current LCU | -6.7% |
| 2021 | 7.00 billion current LCU | +5.7% |
| 2022 | 7.46 billion current LCU | +6.5% |
| 2023 | 8.28 billion current LCU | +11.0% |
| 2024 | 8.86 billion current LCU | +7.0% |
Bermuda compared with similar countries
- Bermuda's 8.86 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 3% of the median. (77 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +37.1% | 4.64 billion current LCU | 6.36 billion current LCU |
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
- 175 Fiji 12.10 billion current LCU compare
- 176 Monaco 10.28 billion current LCU compare
- 177 Channel Islands 10.06 billion current LCU compare
- 179 Kosovo 8.66 billion current LCU compare
- 179 Kosovo (UNSCR 1244) 8.66 billion current LCU compare
- 181 Liechtenstein 7.16 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 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 207 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.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.