Share of manufacturing in gross domestic product (GDP) in Bermuda
Bermuda: Share of manufacturing in gross domestic product (GDP) was 0.3% in 2024. ◆ Volatile
Share of manufacturing in gross domestic product (GDP) in Bermuda, 2001–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for share of manufacturing in gross domestic product (gdp) in Bermuda is 0.3%, measured in 2024. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 5.2% on the previous year and down 35.4% over ten years.
Over the whole period, share of manufacturing in gross domestic product (gdp) in Bermuda peaked at 2.1% in 2002 and was at its lowest, 0.3%, in 2024.
Bermuda ranks 201st of 202 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Share of manufacturing in gross domestic product (GDP) 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% |
Bermuda compared with similar countries
- Bermuda's 0.3% is below the median for high income countries, which is 9.5%, 3% of the median. (75 countries reporting)
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
- 198 Sao Tome and Principe 0.6% compare
- 199 Micronesia (country) 0.5% compare
- 200 Turks and Caicos Islands 0.4% compare
- 202 Venezuela 0.0% 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 share of manufacturing in gross domestic product (gdp) in Bermuda?
- Share of manufacturing in gross domestic product (gdp) in Bermuda was 0.3% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Bermuda?
- The highest recorded value was 2.1% in 2002.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Bermuda?
- The lowest recorded value was 0.3% in 2024.
- How does Bermuda rank for share of manufacturing in gross domestic product (gdp)?
- Bermuda ranks 201st out of 202 countries with data for 2024.
- Is share of manufacturing in gross domestic product (gdp) 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.