Industry (including construction), value added (constant 2015 US$) in Bermuda
Bermuda: Industry (including construction), value added (constant 2015 US$) was 397.09 million constant 2015 US$ in 2024. ▬ Flat
Industry (including construction), value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Bermuda recorded 397.09 million constant 2015 US$ for industry (including construction), value added in 2024.
That represents a change of up 4.7% on the previous year and up 15.3% over ten years.
Over the whole period, industry (including construction), value added in Bermuda peaked at 477.75 million constant 2015 US$ in 2010 and was at its lowest, 341.00 million constant 2015 US$, in 2015.
Bermuda ranks 172nd of 196 countries on this measure, in the bottom quarter.
Industry (including construction), value added (constant 2015 US$) in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2010 | 477.75 million constant 2015 US$ | — |
| 2011 | 409.25 million constant 2015 US$ | -14.3% |
| 2012 | 371.01 million constant 2015 US$ | -9.3% |
| 2013 | 357.25 million constant 2015 US$ | -3.7% |
| 2014 | 344.54 million constant 2015 US$ | -3.6% |
| 2015 | 341.00 million constant 2015 US$ | -1.0% |
| 2016 | 343.69 million constant 2015 US$ | +0.8% |
| 2017 | 358.07 million constant 2015 US$ | +4.2% |
| 2018 | 386.40 million constant 2015 US$ | +7.9% |
| 2019 | 446.85 million constant 2015 US$ | +15.6% |
| 2020 | 372.83 million constant 2015 US$ | -16.6% |
| 2021 | 374.00 million constant 2015 US$ | +0.3% |
| 2022 | 393.93 million constant 2015 US$ | +5.3% |
| 2023 | 379.40 million constant 2015 US$ | -3.7% |
| 2024 | 397.09 million constant 2015 US$ | +4.7% |
Bermuda compared with similar countries
- Bermuda's 397.09 million constant 2015 US$ is below the median for high income countries, which is 27.07 billion constant 2015 US$, 1% of the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 383.58 million constant 2015 US$ | 341.00 million constant 2015 US$ | 477.75 million constant 2015 US$ | 10 |
| 2020s | 383.45 million constant 2015 US$ | 372.83 million constant 2015 US$ | 397.09 million constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 169 Cayman Islands 450.52 million constant 2015 US$ compare
- 170 Gambia 448.58 million constant 2015 US$ compare
- 171 Andorra 448.53 million constant 2015 US$ compare
- 173 Belize 390.02 million constant 2015 US$ compare
- 174 Aruba 379.98 million constant 2015 US$ compare
- 175 Antigua and Barbuda 375.86 million constant 2015 US$ compare
More economy & growth data for Bermuda
- Gross national expenditure (current US$), per capita 93,967 current US$ per person (2024)
- Exports of goods and services (current US$), annual growth rate 11.72 % change on previous year (2024)
- Gross national expenditure (constant 2015 US$), per capita 75,565 constant 2015 US$ per person (2024)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.5312 constant 2015 US$ per US$ of GDP (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 1.79 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 93,967 current LCU per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.6606 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 4.27 % change on previous year (2024)
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.47 % change on previous year (2024)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.4364 constant 2015 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 397.09 million constant 2015 US$ 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 477.75 million constant 2015 US$ in 2010.
- What is the lowest industry (including construction), value added recorded in Bermuda?
- The lowest recorded value was 341.00 million constant 2015 US$ in 2015.
- How does Bermuda rank for industry (including construction), value added?
- Bermuda ranks 172nd out of 196 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bermuda?
- Over the last ten years it is up 15.3%. The long-run trend across the full record is flat.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.