Gross value added at basic prices … current US annual growth rate in Bermuda
Bermuda: Gross value added at basic prices … current US annual growth rate was 6.98 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Bermuda, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current us$), annual growth in Bermuda stood at 6.98 % change on previous year.
That represents a change of down 36.6% on the previous year and up 1,634.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Bermuda peaked at 11 % change on previous year in 2023 and was at its lowest, -6.75 % change on previous year, in 2020.
That places Bermuda 126th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices … current US annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 9.07 % change on previous year | — |
| 1998 | 6.84 % change on previous year | -24.6% |
| 1999 | 5.9 % change on previous year | -13.7% |
| 2000 | 4.62 % change on previous year | -21.6% |
| 2001 | 6.05 % change on previous year | +30.8% |
| 2002 | 7.24 % change on previous year | +19.7% |
| 2003 | 6.42 % change on previous year | -11.4% |
| 2004 | 7 % change on previous year | +9.0% |
| 2005 | 8.63 % change on previous year | +23.3% |
| 2011 | -4.93 % change on previous year | -157.1% |
| 2012 | 1.42 % change on previous year | -128.8% |
| 2013 | 0.9619 % change on previous year | -32.2% |
| 2014 | -0.4548 % change on previous year | -147.3% |
| 2015 | 3.46 % change on previous year | -861.0% |
| 2016 | 3.72 % change on previous year | +7.3% |
| 2017 | 3.19 % change on previous year | -14.1% |
| 2018 | 1.24 % change on previous year | -61.3% |
| 2019 | 2.93 % change on previous year | +137.1% |
| 2020 | -6.75 % change on previous year | -330.3% |
| 2021 | 5.7 % change on previous year | -184.4% |
| 2022 | 6.54 % change on previous year | +14.8% |
| 2023 | 11 % change on previous year | +68.3% |
| 2024 | 6.98 % change on previous year | -36.6% |
Bermuda compared with similar countries
- Bermuda's 6.98 % change on previous year is below the median for high income countries, which is 7.69 % change on previous year, 91% of the median. (77 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices … current US annual growth rate 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 |
|---|---|---|---|
| 2015 | +861.0% | -0.4548 % change on previous year | 3.46 % change on previous year |
| 2020 | -330.3% | 2.93 % change on previous year | -6.75 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.27 % change on previous year | 5.9 % change on previous year | 9.07 % change on previous year | 3 |
| 2000s | 6.66 % change on previous year | 4.62 % change on previous year | 8.63 % change on previous year | 6 |
| 2010s | 1.28 % change on previous year | -4.93 % change on previous year | 3.72 % change on previous year | 9 |
| 2020s | 4.69 % change on previous year | -6.75 % change on previous year | 11 % change on previous year | 5 |
Countries ranked near Bermuda
- 123 Hong Kong 7.14 % change on previous year compare
- 124 Mauritania 7.13 % change on previous year compare
- 125 Seychelles 7 % change on previous year compare
- 127 Italy 6.83 % change on previous year compare
- 128 Costa Rica 6.81 % change on previous year compare
- 129 Sierra Leone 6.58 % change on previous year compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (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$) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Bermuda?
- Gross value added at basic prices (gva) (current us$), annual growth in Bermuda was 6.98 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Bermuda?
- The highest recorded value was 11 % change on previous year in 2023.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Bermuda?
- The lowest recorded value was -6.75 % change on previous year in 2020.
- How does Bermuda rank for gross value added at basic prices (gva) (current us$), annual growth?
- Bermuda ranks 126th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Bermuda?
- Over the last ten years it is up 1,634.5%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.