Manufacturing, value added in Bermuda
Bermuda: Manufacturing, value added was 27.65 million constant LCU in 2024. ▼ Falling
Manufacturing, value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, manufacturing, value added in Bermuda stood at 27.65 million constant LCU.
Compared with earlier readings it is down 9.7% on the previous year and down 17.1% over ten years.
Over the whole period, manufacturing, value added in Bermuda peaked at 65.42 million constant LCU in 2010 and was at its lowest, 25.87 million constant LCU, in 2021.
That places Bermuda 187th out of 192 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Manufacturing, value added in Bermuda, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2010 | 65.42 million constant LCU | — |
| 2011 | 59.80 million constant LCU | -8.6% |
| 2012 | 49.80 million constant LCU | -16.7% |
| 2013 | 33.44 million constant LCU | -32.9% |
| 2014 | 33.34 million constant LCU | -0.3% |
| 2015 | 32.20 million constant LCU | -3.4% |
| 2016 | 32.97 million constant LCU | +2.4% |
| 2017 | 35.08 million constant LCU | +6.4% |
| 2018 | 34.21 million constant LCU | -2.5% |
| 2019 | 34.20 million constant LCU | -0.0% |
| 2020 | 27.60 million constant LCU | -19.3% |
| 2021 | 25.87 million constant LCU | -6.3% |
| 2022 | 26.11 million constant LCU | +0.9% |
| 2023 | 30.63 million constant LCU | +17.3% |
| 2024 | 27.65 million constant LCU | -9.7% |
Bermuda compared with similar countries
- Bermuda's 27.65 million constant LCU is below the median for high income countries, which is 29.35 billion constant LCU, 0% of the median. (67 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 41.04 million constant LCU | 32.20 million constant LCU | 65.42 million constant LCU | 10 |
| 2020s | 27.57 million constant LCU | 25.87 million constant LCU | 30.63 million constant LCU | 5 |
Countries ranked near Bermuda
- 184 Bahamas 36.90 million constant LCU compare
- 185 Sint Maarten (Dutch part) 33.09 million constant LCU compare
- 186 East Timor 29.00 million constant LCU compare
- 188 Kiribati 16.53 million constant LCU compare
- 189 Turks and Caicos Islands 7.01 million constant LCU compare
- 190 Marshall Islands 3.33 million constant LCU compare
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 manufacturing, value added in Bermuda?
- Manufacturing, value added in Bermuda was 27.65 million constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Bermuda?
- The highest recorded value was 65.42 million constant LCU in 2010.
- What is the lowest manufacturing, value added recorded in Bermuda?
- The lowest recorded value was 25.87 million constant LCU in 2021.
- How does Bermuda rank for manufacturing, value added?
- Bermuda ranks 187th out of 192 countries with data for 2024.
- Is manufacturing, value added rising or falling in Bermuda?
- Over the last ten years it is down 17.1%. 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 Manufacturing, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 varies by country. This series is expressed in local currency units.