Manufacturing, value added in Bermuda
Bermuda: Manufacturing, value added was 0.3% in 2024. ◆ Volatile
Manufacturing, value added in Bermuda, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, manufacturing, value added in Bermuda stood at 0.3%. That is the lowest value across all 20 years on record.
That represents a change of down 5.2% on the previous year and down 35.4% over ten years.
Over the whole period, manufacturing, value added in Bermuda peaked at 2.1% in 2002 and was at its lowest, 0.3%, in 2024.
That places Bermuda 202nd out of 203 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 2.1% | — |
| 2002 | 2.1% | +1.3% |
| 2003 | 1.7% | -20.0% |
| 2004 | 1.7% | +1.9% |
| 2005 | 1.6% | -5.4% |
| 2010 | 0.9% | -48.1% |
| 2011 | 0.7% | -17.7% |
| 2012 | 0.6% | -15.0% |
| 2013 | 0.5% | -13.5% |
| 2014 | 0.5% | -7.2% |
| 2015 | 0.5% | +7.1% |
| 2016 | 0.4% | -16.2% |
| 2017 | 0.5% | +7.6% |
| 2018 | 0.5% | +5.1% |
| 2019 | 0.5% | +5.9% |
| 2020 | 0.3% | -34.8% |
| 2021 | 0.3% | +3.2% |
| 2022 | 0.4% | +2.0% |
| 2023 | 0.3% | -7.6% |
| 2024 | 0.3% | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | 1.6% | 2.1% | 5 |
| 2010s | 0.6% | 0.4% | 0.9% | 10 |
| 2020s | 0.3% | 0.3% | 0.4% | 5 |
Countries ranked near Bermuda
- 199 Sao Tome and Principe 0.6% compare
- 200 Micronesia, Federated States of 0.5% compare
- 201 Turks and Caicos Islands 0.4% compare
- 203 Venezuela, Bolivarian Republic of 0.0% 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 manufacturing, value added in Bermuda?
- Manufacturing, value added in Bermuda was 0.3% 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 2.1% in 2002.
- What is the lowest manufacturing, value added recorded in Bermuda?
- The lowest recorded value was 0.3% in 2024.
- How does Bermuda rank for manufacturing, value added?
- Bermuda ranks 202nd out of 203 countries with data for 2024.
- Is manufacturing, value added rising or falling in Bermuda?
- Over the last ten years it is down 35.4%. The long-run trend across the full record is volatile.
- 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 (% of GDP). 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 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.