Services, value added (constant 2015 US$), annual growth rate in Bermuda
Bermuda: Services, value added (constant 2015 US$), annual growth rate was 1.77 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Bermuda, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (constant 2015 us$), annual growth rate in Bermuda stood at 1.77 % change on previous year.
Compared with earlier readings it is down 63.9% on the previous year and up 151.5% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Bermuda peaked at 6.95 % change on previous year in 2022 and was at its lowest, -6.74 % change on previous year, in 2020.
That places Bermuda 147th out of 195 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | -3.39 % change on previous year | — |
| 2012 | -4.97 % change on previous year | +46.8% |
| 2013 | -0.2534 % change on previous year | -94.9% |
| 2014 | -3.44 % change on previous year | +1256.1% |
| 2015 | 0.2321 % change on previous year | -106.8% |
| 2016 | -0.8329 % change on previous year | -458.9% |
| 2017 | 3.58 % change on previous year | -529.3% |
| 2018 | -0.6809 % change on previous year | -119.0% |
| 2019 | -0.4709 % change on previous year | -30.9% |
| 2020 | -6.74 % change on previous year | +1331.3% |
| 2021 | 5.35 % change on previous year | -179.4% |
| 2022 | 6.95 % change on previous year | +29.9% |
| 2023 | 4.91 % change on previous year | -29.5% |
| 2024 | 1.77 % change on previous year | -63.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -1.14 % change on previous year | -4.97 % change on previous year | 3.58 % change on previous year | 9 |
| 2020s | 2.45 % change on previous year | -6.74 % change on previous year | 6.95 % change on previous year | 5 |
Countries ranked near Bermuda
- 144 Solomon Islands 1.86 % change on previous year compare
- 145 Belarus 1.82 % change on previous year compare
- 146 Brazil 1.82 % change on previous year compare
- 148 Denmark 1.76 % change on previous year compare
- 149 Republic of Korea 1.74 % change on previous year compare
- 150 Australia 1.72 % change on previous year compare
More economy & growth data for Bermuda
- GDP (current US$), annual growth rate 6.88 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 137,106 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), 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)
- 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) (constant LCU), annual growth 1.92 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7413 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 105,450 constant LCU per person (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8191 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 1.89 % change on previous year (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Bermuda?
- Services, value added (constant 2015 us$), annual growth rate in Bermuda was 1.77 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Bermuda?
- The highest recorded value was 6.95 % change on previous year in 2022.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Bermuda?
- The lowest recorded value was -6.74 % change on previous year in 2020.
- How does Bermuda rank for services, value added (constant 2015 us$), annual growth rate?
- Bermuda ranks 147th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 151.5%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.