Manufacturing, value added in Bermuda
Bermuda: Manufacturing, value added was 28.52 million current LCU in 2024. ▼ Falling
Manufacturing, value added in Bermuda, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Bermuda recorded 28.52 million current LCU for manufacturing, value added in 2024.
That represents a change of up 1.3% on the previous year and down 7.4% over ten years.
Over the whole period, manufacturing, value added in Bermuda peaked at 84.08 million current LCU in 2002 and was at its lowest, 23.17 million current LCU, in 2020.
That places Bermuda 197th out of 205 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Manufacturing, value added in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 77.59 million current LCU | — |
| 2002 | 84.08 million current LCU | +8.4% |
| 2003 | 71.56 million current LCU | -14.9% |
| 2004 | 78.13 million current LCU | +9.2% |
| 2005 | 80.21 million current LCU | +2.7% |
| 2010 | 56.76 million current LCU | -29.2% |
| 2011 | 44.43 million current LCU | -21.7% |
| 2012 | 38.14 million current LCU | -14.2% |
| 2013 | 33.44 million current LCU | -12.3% |
| 2014 | 30.79 million current LCU | -7.9% |
| 2015 | 34.22 million current LCU | +11.1% |
| 2016 | 29.74 million current LCU | -13.1% |
| 2017 | 33.12 million current LCU | +11.3% |
| 2018 | 35.21 million current LCU | +6.3% |
| 2019 | 38.31 million current LCU | +8.8% |
| 2020 | 23.17 million current LCU | -39.5% |
| 2021 | 25.30 million current LCU | +9.2% |
| 2022 | 27.51 million current LCU | +8.7% |
| 2023 | 28.15 million current LCU | +2.3% |
| 2024 | 28.52 million current LCU | +1.3% |
Bermuda compared with similar countries
- Bermuda's 28.52 million current LCU is below the median for high income countries, which is 34.51 billion current LCU, 0% of the median. (75 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.31 million current LCU | 71.56 million current LCU | 84.08 million current LCU | 5 |
| 2010s | 37.41 million current LCU | 29.74 million current LCU | 56.76 million current LCU | 10 |
| 2020s | 26.53 million current LCU | 23.17 million current LCU | 28.52 million current LCU | 5 |
Countries ranked near Bermuda
- 194 Cayman Islands 56.01 million current LCU compare
- 195 Liberia 54.60 million current LCU compare
- 196 East Timor 35.45 million current LCU compare
- 198 Sint Maarten (Dutch part) 28.35 million current LCU compare
- 199 Kiribati 22.07 million current LCU compare
- 200 Marshall Islands 9.04 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 manufacturing, value added in Bermuda?
- Manufacturing, value added in Bermuda was 28.52 million current 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 84.08 million current LCU in 2002.
- What is the lowest manufacturing, value added recorded in Bermuda?
- The lowest recorded value was 23.17 million current LCU in 2020.
- How does Bermuda rank for manufacturing, value added?
- Bermuda ranks 197th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Bermuda?
- Over the last ten years it is down 7.4%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.