Research and development expenditure as a proportion of GDP in Bermuda
Bermuda: Research and development expenditure as a proportion of GDP was 0.2% in 2020. ▲ Rising
Research and development expenditure as a proportion of GDP in Bermuda, 2007–2020
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Bermuda recorded 0.2% for research and development expenditure as a proportion of gdp in 2020.
The figure is down 14.8% on the previous year and up 24.9% over ten years.
Over the whole period, research and development expenditure as a proportion of gdp in Bermuda peaked at 0.3% in 2019 and was at its lowest, 0.2%, in 2007.
That places Bermuda 77th out of 106 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Research and development expenditure as a proportion of GDP in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 0.2% | — |
| 2008 | 0.2% | +5.1% |
| 2009 | 0.2% | +8.2% |
| 2010 | 0.2% | -1.0% |
| 2011 | 0.3% | +45.1% |
| 2012 | 0.2% | -10.8% |
| 2013 | 0.2% | -15.9% |
| 2014 | 0.2% | -2.8% |
| 2015 | 0.2% | +2.2% |
| 2018 | 0.2% | +17.1% |
| 2019 | 0.3% | +15.8% |
| 2020 | 0.2% | -14.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2% | 0.2% | 0.2% | 3 |
| 2010s | 0.2% | 0.2% | 0.3% | 8 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross value added at basic prices (GVA) (constant 2015 US$), per 112,409 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 6.98 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9638 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 137,106 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.98 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9638 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.92 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7902 constant 2015 US$ per US$ of GDP (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is research and development expenditure as a proportion of gdp in Bermuda?
- Research and development expenditure as a proportion of gdp in Bermuda was 0.2% in 2020, according to United Nations Statistics Division, SDG Global Database.
- What is the highest research and development expenditure as a proportion of gdp recorded in Bermuda?
- The highest recorded value was 0.3% in 2019.
- What is the lowest research and development expenditure as a proportion of gdp recorded in Bermuda?
- The lowest recorded value was 0.2% in 2007.
- How does Bermuda rank for research and development expenditure as a proportion of gdp?
- Bermuda ranks 77th out of 106 countries with data for 2020.
- Is research and development expenditure as a proportion of gdp rising or falling in Bermuda?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Research and development expenditure as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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