Industry (including construction), value added in Bermuda
Bermuda: Industry (including construction), value added was 450.16 million current LCU in 2024. ▲ Rising
Industry (including construction), value added in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Bermuda is 450.16 million current LCU, measured in 2024.
Compared with earlier readings it is up 13.2% on the previous year and up 40.2% over ten years.
Over the whole period, industry (including construction), value added in Bermuda peaked at 484.43 million current LCU in 2005 and was at its lowest, 203.50 million current LCU, in 1998.
That places Bermuda 197th out of 209 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Industry (including construction), value added in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 223.72 million current LCU | — |
| 1997 | 237.56 million current LCU | +6.2% |
| 1998 | 203.50 million current LCU | -14.3% |
| 1999 | 289.23 million current LCU | +42.1% |
| 2000 | 385.37 million current LCU | +33.2% |
| 2001 | 379.40 million current LCU | -1.5% |
| 2002 | 377.35 million current LCU | -0.5% |
| 2003 | 400.58 million current LCU | +6.2% |
| 2004 | 431.36 million current LCU | +7.7% |
| 2005 | 484.43 million current LCU | +12.3% |
| 2010 | 437.71 million current LCU | -9.6% |
| 2011 | 357.77 million current LCU | -18.3% |
| 2012 | 326.48 million current LCU | -8.7% |
| 2013 | 342.62 million current LCU | +4.9% |
| 2014 | 321.00 million current LCU | -6.3% |
| 2015 | 341.00 million current LCU | +6.2% |
| 2016 | 369.13 million current LCU | +8.2% |
| 2017 | 393.49 million current LCU | +6.6% |
| 2018 | 411.97 million current LCU | +4.7% |
| 2019 | 472.92 million current LCU | +14.8% |
| 2020 | 388.05 million current LCU | -17.9% |
| 2021 | 386.33 million current LCU | -0.4% |
| 2022 | 414.14 million current LCU | +7.2% |
| 2023 | 397.74 million current LCU | -4.0% |
| 2024 | 450.16 million current LCU | +13.2% |
Bermuda compared with similar countries
- Bermuda's 450.16 million current LCU is below the median for high income countries, which is 60.84 billion current LCU, 1% of the median. (77 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 238.50 million current LCU | 203.50 million current LCU | 289.23 million current LCU | 4 |
| 2000s | 409.75 million current LCU | 377.35 million current LCU | 484.43 million current LCU | 6 |
| 2010s | 377.41 million current LCU | 321.00 million current LCU | 472.92 million current LCU | 10 |
| 2020s | 407.28 million current LCU | 386.33 million current LCU | 450.16 million current LCU | 5 |
Countries ranked near Bermuda
- 194 Cayman Islands 494.47 million current LCU compare
- 195 Sao Tome and Principe 474.24 million current LCU compare
- 196 Isle of Man 454.88 million current LCU compare
- 198 Samoa 364.45 million current LCU compare
- 199 Dominica 275.84 million current LCU compare
- 200 Tonga 271.66 million current LCU compare
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 450.16 million current LCU 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 484.43 million current LCU in 2005.
- What is the lowest industry (including construction), value added recorded in Bermuda?
- The lowest recorded value was 203.50 million current LCU in 1998.
- How does Bermuda rank for industry (including construction), value added?
- Bermuda ranks 197th out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bermuda?
- Over the last ten years it is up 40.2%. 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 Industry (including construction), value added (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.