Machinery and transport equipment in Bermuda
Bermuda: Machinery and transport equipment was 13.9% in 2020. ▲ Rising
Machinery and transport equipment in Bermuda, 1996–2020
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for machinery and transport equipment in Bermuda is 13.9%, measured in 2020.
That represents a change of down 22.7% on the previous year and up 26.2% over ten years.
Over the whole period, machinery and transport equipment in Bermuda peaked at 17.9% in 2019 and was at its lowest, 10.9%, in 2013.
That places Bermuda 57th out of 149 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Machinery and transport equipment in Bermuda, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1996 | 11.0% | — |
| 1997 | 11.0% | +0.0% |
| 1998 | 11.0% | +0.0% |
| 1999 | 11.0% | -0.1% |
| 2000 | 11.0% | +0.0% |
| 2001 | 11.0% | +0.0% |
| 2002 | 11.0% | +0.0% |
| 2003 | 11.0% | +0.0% |
| 2004 | 11.0% | +0.0% |
| 2005 | 11.0% | +0.0% |
| 2008 | 11.0% | +0.0% |
| 2009 | 11.0% | +0.0% |
| 2010 | 11.0% | +0.0% |
| 2011 | 11.0% | +0.0% |
| 2012 | 11.0% | +0.0% |
| 2013 | 10.9% | -0.4% |
| 2014 | 13.5% | +23.0% |
| 2015 | 15.2% | +13.2% |
| 2016 | 14.8% | -2.9% |
| 2017 | 12.7% | -14.3% |
| 2018 | 14.9% | +17.3% |
| 2019 | 17.9% | +20.8% |
| 2020 | 13.9% | -22.7% |
Bermuda compared with similar countries
- Bermuda's 13.9% is below the median for high income countries, which is 20.4%, 68% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.0% | 11.0% | 11.0% | 4 |
| 2000s | 11.0% | 11.0% | 11.0% | 8 |
| 2010s | 13.3% | 10.9% | 17.9% | 10 |
| 2020s | 13.9% | 13.9% | 13.9% | 1 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU 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 unit 0.0128 BoP, current US$ per US$ of GDP (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 machinery and transport equipment in Bermuda?
- Machinery and transport equipment in Bermuda was 13.9% in 2020, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Bermuda?
- The highest recorded value was 17.9% in 2019.
- What is the lowest machinery and transport equipment recorded in Bermuda?
- The lowest recorded value was 10.9% in 2013.
- How does Bermuda rank for machinery and transport equipment?
- Bermuda ranks 57th out of 149 countries with data for 2020.
- Is machinery and transport equipment rising or falling in Bermuda?
- Over the last ten years it is up 26.2%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).