Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Bermuda
Bermuda: Services, value added (constant 2015 US$), per unit of GDP (unit GDP) was 0.7454 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Services, value added (constant 2015 US$), per unit of GDP in Bermuda, 2010–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2024, services, value added (constant 2015 us$), per unit of gdp in Bermuda stood at 0.7454 constant 2015 US$ per US$ of GDP. That is the lowest value across all 15 years on record.
That represents a change of down 4.8% on the previous year and down 20.4% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Bermuda peaked at 1.04 constant 2015 US$ per US$ of GDP in 2011 and was at its lowest, 0.7454 constant 2015 US$ per US$ of GDP, in 2024.
That places Bermuda 9th out of 195 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 15 years of available data.
Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Bermuda, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2010 | 1.02 constant 2015 US$ per US$ of GDP | — |
| 2011 | 1.04 constant 2015 US$ per US$ of GDP | +1.5% |
| 2012 | 0.9771 constant 2015 US$ per US$ of GDP | -5.9% |
| 2013 | 0.9614 constant 2015 US$ per US$ of GDP | -1.6% |
| 2014 | 0.9358 constant 2015 US$ per US$ of GDP | -2.7% |
| 2015 | 0.9041 constant 2015 US$ per US$ of GDP | -3.4% |
| 2016 | 0.8647 constant 2015 US$ per US$ of GDP | -4.4% |
| 2017 | 0.8652 constant 2015 US$ per US$ of GDP | +0.1% |
| 2018 | 0.8494 constant 2015 US$ per US$ of GDP | -1.8% |
| 2019 | 0.8229 constant 2015 US$ per US$ of GDP | -3.1% |
| 2020 | 0.8272 constant 2015 US$ per US$ of GDP | +0.5% |
| 2021 | 0.8233 constant 2015 US$ per US$ of GDP | -0.5% |
| 2022 | 0.8264 constant 2015 US$ per US$ of GDP | +0.4% |
| 2023 | 0.7828 constant 2015 US$ per US$ of GDP | -5.3% |
| 2024 | 0.7454 constant 2015 US$ per US$ of GDP | -4.8% |
Bermuda compared with similar countries
- Bermuda's 0.7454 constant 2015 US$ per US$ of GDP is above the median for high income countries, which is 0.529 constant 2015 US$ per US$ of GDP, 1.4× the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.9243 constant 2015 US$ per US$ of GDP | 0.8229 constant 2015 US$ per US$ of GDP | 1.04 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.801 constant 2015 US$ per US$ of GDP | 0.7454 constant 2015 US$ per US$ of GDP | 0.8272 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Bermuda
- 6 Sint Maarten (Dutch part) 0.8074 constant 2015 US$ per US$ of GDP compare
- 7 Japan 0.8012 constant 2015 US$ per US$ of GDP compare
- 8 Egypt 0.7515 constant 2015 US$ per US$ of GDP compare
- 10 Iran 0.7451 constant 2015 US$ per US$ of GDP compare
- 11 Hong Kong 0.7355 constant 2015 US$ per US$ of GDP compare
- 12 Yemen 0.7119 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (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 unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), per unit of gdp in Bermuda?
- Services, value added (constant 2015 us$), per unit of gdp in Bermuda was 0.7454 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Bermuda?
- The highest recorded value was 1.04 constant 2015 US$ per US$ of GDP in 2011.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.7454 constant 2015 US$ per US$ of GDP in 2024.
- How does Bermuda rank for services, value added (constant 2015 us$), per unit of gdp?
- Bermuda ranks 9th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is down 20.4%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.