Industry (including construction), value added in Bermuda
Bermuda: Industry (including construction), value added was 4.7% in 2024. ◆ Volatile
Industry (including construction), value added in Bermuda, 2011–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, industry (including construction), value added in Bermuda stood at 4.7%.
The figure is up 226.4% on the previous year and up 231.0% over ten years.
Over the whole period, industry (including construction), value added in Bermuda peaked at 15.6% in 2019 and was at its lowest, -16.6%, in 2020.
Bermuda ranks 62nd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Bermuda, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2011 | -14.3% | — |
| 2012 | -9.3% | -34.8% |
| 2013 | -3.7% | -60.3% |
| 2014 | -3.6% | -4.0% |
| 2015 | -1.0% | -71.2% |
| 2016 | 0.8% | -177.0% |
| 2017 | 4.2% | +430.1% |
| 2018 | 7.9% | +89.2% |
| 2019 | 15.6% | +97.7% |
| 2020 | -16.6% | -205.9% |
| 2021 | 0.3% | -101.9% |
| 2022 | 5.3% | +1593.2% |
| 2023 | -3.7% | -169.2% |
| 2024 | 4.7% | -226.4% |
Bermuda compared with similar countries
- Bermuda's 4.7% is above the median for high income countries, which is 1.9%, 2.4× the median. (69 countries reporting)
Biggest year-on-year movements
Years where Industry (including construction), value added 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 |
|---|---|---|---|
| 2022 | +1593.2% | 0.3% | 5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -0.4% | -14.3% | 15.6% | 9 |
| 2020s | -2.0% | -16.6% | 5.3% | 5 |
Countries ranked near Bermuda
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 industry (including construction), value added in Bermuda?
- Industry (including construction), value added in Bermuda was 4.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Bermuda?
- The highest recorded value was 15.6% in 2019.
- What is the lowest industry (including construction), value added recorded in Bermuda?
- The lowest recorded value was -16.6% in 2020.
- How does Bermuda rank for industry (including construction), value added?
- Bermuda ranks 62nd out of 199 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bermuda?
- Over the last ten years it is up 231.0%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.