Industry (including construction), value added in Bermuda
Bermuda: Industry (including construction), value added was 4.9% in 2024. ▼ Falling
Industry (including construction), value added in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Bermuda is 4.9%, measured in 2024.
That represents a change of up 5.9% on the previous year and down 2.2% over ten years.
Over the whole period, industry (including construction), value added in Bermuda peaked at 11.1% in 2000 and was at its lowest, 4.6%, in 2023.
Bermuda ranks 203rd of 207 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Industry (including construction), value added in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1996 | 8.3% | — |
| 1997 | 8.1% | -2.4% |
| 1998 | 6.5% | -19.8% |
| 1999 | 8.7% | +33.8% |
| 2000 | 11.1% | +27.3% |
| 2001 | 10.3% | -6.9% |
| 2002 | 9.6% | -7.0% |
| 2003 | 9.6% | -0.2% |
| 2004 | 9.6% | +0.5% |
| 2005 | 10.0% | +3.5% |
| 2010 | 6.6% | -33.7% |
| 2011 | 5.7% | -14.1% |
| 2012 | 5.1% | -9.7% |
| 2013 | 5.3% | +3.5% |
| 2014 | 5.0% | -5.6% |
| 2015 | 5.1% | +2.4% |
| 2016 | 5.3% | +4.4% |
| 2017 | 5.5% | +3.0% |
| 2018 | 5.7% | +3.5% |
| 2019 | 6.4% | +11.7% |
| 2020 | 5.6% | -11.6% |
| 2021 | 5.3% | -5.9% |
| 2022 | 5.3% | +0.6% |
| 2023 | 4.6% | -13.3% |
| 2024 | 4.9% | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9% | 6.5% | 8.7% | 4 |
| 2000s | 10.0% | 9.6% | 11.1% | 6 |
| 2010s | 5.6% | 5.0% | 6.6% | 10 |
| 2020s | 5.2% | 4.6% | 5.6% | 5 |
Countries ranked near Bermuda
- 200 Hong Kong, China 6.2% compare
- 201 Sint Maarten 6.0% compare
- 202 Micronesia, Federated States of 5.3% compare
- 204 Macau, China 4.7% compare
- 205 Lebanon 2.6% compare
- 206 Sao Tome and Principe 2.2% compare
More economy & growth data for Bermuda
- Gross domestic savings (current LCU), per capita 63,986 current LCU per person (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.4498 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), annual growth rate 10.52 % change on previous year (2024)
- Gross domestic savings (current US$), per capita 63,986 current US$ per person (2024)
- Gross domestic savings (current US$), per unit of GDP 0.4498 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), annual growth rate 10.52 % change on previous year (2024)
- GDP (constant LCU), per capita 109,864 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.7723 constant LCU per US$ of GDP (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 116,514 constant 2015 US$ per person (2024)
Frequently asked questions
- What is industry (including construction), value added in Bermuda?
- Industry (including construction), value added in Bermuda was 4.9% 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 11.1% in 2000.
- What is the lowest industry (including construction), value added recorded in Bermuda?
- The lowest recorded value was 4.6% in 2023.
- How does Bermuda rank for industry (including construction), value added?
- Bermuda ranks 203rd out of 207 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bermuda?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.