Manufacturing, value added (current US$) in Bermuda
Bermuda: Manufacturing, value added (current US$) was 28.52 million current US$ in 2024. ▼ Falling
Manufacturing, value added in Bermuda, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, manufacturing, value added in Bermuda stood at 28.52 million current US$.
The figure is 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 US$ in 2002 and was at its lowest, 23.17 million current US$, in 2020.
Bermuda ranks 196th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Manufacturing, value added (current US$) in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 2001 | 77.59 million current US$ | — |
| 2002 | 84.08 million current US$ | +8.4% |
| 2003 | 71.56 million current US$ | -14.9% |
| 2004 | 78.13 million current US$ | +9.2% |
| 2005 | 80.21 million current US$ | +2.7% |
| 2010 | 56.76 million current US$ | -29.2% |
| 2011 | 44.43 million current US$ | -21.7% |
| 2012 | 38.14 million current US$ | -14.2% |
| 2013 | 33.44 million current US$ | -12.3% |
| 2014 | 30.79 million current US$ | -7.9% |
| 2015 | 34.22 million current US$ | +11.1% |
| 2016 | 29.74 million current US$ | -13.1% |
| 2017 | 33.12 million current US$ | +11.3% |
| 2018 | 35.21 million current US$ | +6.3% |
| 2019 | 38.31 million current US$ | +8.8% |
| 2020 | 23.17 million current US$ | -39.5% |
| 2021 | 25.30 million current US$ | +9.2% |
| 2022 | 27.51 million current US$ | +8.7% |
| 2023 | 28.15 million current US$ | +2.3% |
| 2024 | 28.52 million current US$ | +1.3% |
Bermuda compared with similar countries
- Bermuda's 28.52 million current US$ is below the median for high income countries, which is 12.50 billion current US$, 0% of the median. (75 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.31 million current US$ | 71.56 million current US$ | 84.08 million current US$ | 5 |
| 2010s | 37.41 million current US$ | 29.74 million current US$ | 56.76 million current US$ | 10 |
| 2020s | 26.53 million current US$ | 23.17 million current US$ | 28.52 million current US$ | 5 |
Countries ranked near Bermuda
- 193 East Timor 35.45 million current US$ compare
- 194 Gambia 34.97 million current US$ compare
- 195 Dominica 34.60 million current US$ compare
- 197 Sint Maarten (Dutch part) 15.84 million current US$ compare
- 198 Kiribati 14.57 million current US$ compare
- 199 Marshall Islands 9.04 million current US$ compare
More economy & growth data for Bermuda
- Gross national expenditure (current US$), per capita 93,967 current US$ per person (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$), annual growth rate 1.79 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 93,967 current LCU per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.6606 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 4.27 % change on previous year (2024)
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.47 % change on previous year (2024)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.4364 constant 2015 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 US$ 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 US$ in 2002.
- What is the lowest manufacturing, value added recorded in Bermuda?
- The lowest recorded value was 23.17 million current US$ in 2020.
- How does Bermuda rank for manufacturing, value added?
- Bermuda ranks 196th 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 US$). 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 indicator is expressed in United States dollars.