Industry (including construction), value added (current US$) in Bermuda
Bermuda: Industry (including construction), value added (current US$) was 450.16 million current US$ in 2024. ▲ Rising
Industry (including construction), value added in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, industry (including construction), value added in Bermuda stood at 450.16 million current US$.
The figure 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 US$ in 2005 and was at its lowest, 203.50 million current US$, in 1998.
That places Bermuda 180th out of 209 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Industry (including construction), value added (current US$) in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 1996 | 223.72 million current US$ | — |
| 1997 | 237.56 million current US$ | +6.2% |
| 1998 | 203.50 million current US$ | -14.3% |
| 1999 | 289.23 million current US$ | +42.1% |
| 2000 | 385.37 million current US$ | +33.2% |
| 2001 | 379.40 million current US$ | -1.5% |
| 2002 | 377.35 million current US$ | -0.5% |
| 2003 | 400.58 million current US$ | +6.2% |
| 2004 | 431.36 million current US$ | +7.7% |
| 2005 | 484.43 million current US$ | +12.3% |
| 2010 | 437.71 million current US$ | -9.6% |
| 2011 | 357.77 million current US$ | -18.3% |
| 2012 | 326.48 million current US$ | -8.7% |
| 2013 | 342.62 million current US$ | +4.9% |
| 2014 | 321.00 million current US$ | -6.3% |
| 2015 | 341.00 million current US$ | +6.2% |
| 2016 | 369.13 million current US$ | +8.2% |
| 2017 | 393.49 million current US$ | +6.6% |
| 2018 | 411.97 million current US$ | +4.7% |
| 2019 | 472.92 million current US$ | +14.8% |
| 2020 | 388.05 million current US$ | -17.9% |
| 2021 | 386.33 million current US$ | -0.4% |
| 2022 | 414.14 million current US$ | +7.2% |
| 2023 | 397.74 million current US$ | -4.0% |
| 2024 | 450.16 million current US$ | +13.2% |
Bermuda compared with similar countries
- Bermuda's 450.16 million current US$ is below the median for high income countries, which is 25.19 billion current US$, 2% of the median. (77 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 238.50 million current US$ | 203.50 million current US$ | 289.23 million current US$ | 4 |
| 2000s | 409.75 million current US$ | 377.35 million current US$ | 484.43 million current US$ | 6 |
| 2010s | 377.41 million current US$ | 321.00 million current US$ | 472.92 million current US$ | 10 |
| 2020s | 407.28 million current US$ | 386.33 million current US$ | 450.16 million current US$ | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross national expenditure (current LCU), per unit of GDP 0.6606 current LCU per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 78,446 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5515 current US$ per US$ of GDP (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$), annual growth rate 1.79 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 93,967 current LCU per person (2024)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.4364 constant 2015 US$ per US$ of GDP (2024)
- Final consumption expenditure (constant 2015 US$), per capita 62,072 constant 2015 US$ per person (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 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 484.43 million current US$ in 2005.
- What is the lowest industry (including construction), value added recorded in Bermuda?
- The lowest recorded value was 203.50 million current US$ in 1998.
- How does Bermuda rank for industry (including construction), value added?
- Bermuda ranks 180th 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.