Gross value added at basic prices (GVA) in Bermuda
Bermuda: Gross value added at basic prices (GVA) was 8.86 billion current US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross value added at basic prices (gva) in Bermuda stood at 8.86 billion current US$. That is the highest value across all 25 years on record.
That represents a change of 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 US$ in 2024 and was at its lowest, 2.55 billion current US$, in 1996.
That places Bermuda 155th out of 207 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross value added at basic prices (GVA) in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 1996 | 2.55 billion current US$ | — |
| 1997 | 2.78 billion current US$ | +9.1% |
| 1998 | 2.98 billion current US$ | +6.8% |
| 1999 | 3.15 billion current US$ | +5.9% |
| 2000 | 3.30 billion current US$ | +4.6% |
| 2001 | 3.50 billion current US$ | +6.0% |
| 2002 | 3.75 billion current US$ | +7.2% |
| 2003 | 3.99 billion current US$ | +6.4% |
| 2004 | 4.27 billion current US$ | +7.0% |
| 2005 | 4.64 billion current US$ | +8.6% |
| 2010 | 6.36 billion current US$ | +37.1% |
| 2011 | 6.04 billion current US$ | -4.9% |
| 2012 | 6.13 billion current US$ | +1.4% |
| 2013 | 6.19 billion current US$ | +1.0% |
| 2014 | 6.16 billion current US$ | -0.5% |
| 2015 | 6.37 billion current US$ | +3.5% |
| 2016 | 6.61 billion current US$ | +3.7% |
| 2017 | 6.82 billion current US$ | +3.2% |
| 2018 | 6.90 billion current US$ | +1.2% |
| 2019 | 7.11 billion current US$ | +2.9% |
| 2020 | 6.63 billion current US$ | -6.7% |
| 2021 | 7.00 billion current US$ | +5.7% |
| 2022 | 7.46 billion current US$ | +6.5% |
| 2023 | 8.28 billion current US$ | +11.0% |
| 2024 | 8.86 billion current US$ | +7.0% |
Bermuda compared with similar countries
- Bermuda's 8.86 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 8% of the median. (77 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +37.1% | 4.64 billion current US$ | 6.36 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.87 billion current US$ | 2.55 billion current US$ | 3.15 billion current US$ | 4 |
| 2000s | 3.91 billion current US$ | 3.30 billion current US$ | 4.64 billion current US$ | 6 |
| 2010s | 6.47 billion current US$ | 6.04 billion current US$ | 7.11 billion current US$ | 10 |
| 2020s | 7.65 billion current US$ | 6.63 billion current US$ | 8.86 billion current US$ | 5 |
Countries ranked near Bermuda
- 152 Lebanon 10.23 billion current US$ compare
- 153 Kosovo 9.78 billion current US$ compare
- 153 Kosovo (UNSCR 1244) 9.78 billion current US$ compare
- 156 New Caledonia 8.46 billion current US$ compare
- 157 Liechtenstein 7.97 billion current US$ compare
- 158 Isle of Man 7.55 billion current US$ 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$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Bermuda?
- Gross value added at basic prices (gva) in Bermuda was 8.86 billion current US$ 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 8.86 billion current US$ 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 US$ in 1996.
- How does Bermuda rank for gross value added at basic prices (gva)?
- Bermuda ranks 155th 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
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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 indicator is expressed in United States dollars.