Gross value added at basic prices (GVA) (current US$), annual growth in Bermuda
Bermuda: Gross value added at basic prices (GVA) (current US$), annual growth 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$), annual growth in Bermuda peaked at 11 % change on previous year in 2023 and was at its lowest, -6.75 % change on previous year, in 2020.
That places Bermuda 126th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth 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% |
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
- GDP (constant LCU), per unit of GDP 0.7723 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.92 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8191 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 116,514 constant 2015 US$ per person (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- Gross domestic savings (current US$), annual growth rate 10.52 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.4498 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), 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.
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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.