Services, value added (constant 2015 US$) in Bermuda
Bermuda: Services, value added (constant 2015 US$) was 6.85 billion constant 2015 US$ in 2024. ▬ Flat
Services, value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Bermuda is 6.85 billion constant 2015 US$, measured in 2024. That is the highest value across all 15 years on record.
That represents a change of up 1.8% on the previous year and up 14.2% over ten years.
Over the whole period, services, value added in Bermuda peaked at 6.85 billion constant 2015 US$ in 2024 and was at its lowest, 5.70 billion constant 2015 US$, in 2020.
Bermuda ranks 135th of 196 countries on this measure, in the middle of the range.
Services, value added (constant 2015 US$) in Bermuda, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2010 | 6.79 billion constant 2015 US$ | — |
| 2011 | 6.56 billion constant 2015 US$ | -3.4% |
| 2012 | 6.23 billion constant 2015 US$ | -5.0% |
| 2013 | 6.22 billion constant 2015 US$ | -0.3% |
| 2014 | 6.00 billion constant 2015 US$ | -3.4% |
| 2015 | 6.02 billion constant 2015 US$ | +0.2% |
| 2016 | 5.97 billion constant 2015 US$ | -0.8% |
| 2017 | 6.18 billion constant 2015 US$ | +3.6% |
| 2018 | 6.14 billion constant 2015 US$ | -0.7% |
| 2019 | 6.11 billion constant 2015 US$ | -0.5% |
| 2020 | 5.70 billion constant 2015 US$ | -6.7% |
| 2021 | 6.00 billion constant 2015 US$ | +5.4% |
| 2022 | 6.42 billion constant 2015 US$ | +7.0% |
| 2023 | 6.73 billion constant 2015 US$ | +4.9% |
| 2024 | 6.85 billion constant 2015 US$ | +1.8% |
Bermuda compared with similar countries
- Bermuda's 6.85 billion constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 10% of the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.22 billion constant 2015 US$ | 5.97 billion constant 2015 US$ | 6.79 billion constant 2015 US$ | 10 |
| 2020s | 6.34 billion constant 2015 US$ | 5.70 billion constant 2015 US$ | 6.85 billion constant 2015 US$ | 5 |
Countries ranked near Bermuda
- 132 Madagascar 7.41 billion constant 2015 US$ compare
- 133 Namibia 7.38 billion constant 2015 US$ compare
- 134 Palestine 7.00 billion constant 2015 US$ compare
- 136 South Sudan 6.78 billion constant 2015 US$ compare
- 137 Isle of Man 6.74 billion constant 2015 US$ compare
- 138 Gabon 6.72 billion constant 2015 US$ compare
More economy & growth data for Bermuda
- Final consumption expenditure (current LCU), per unit of GDP 0.5502 current LCU per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 26,786 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 15.37 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 15.37 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.8174 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 253.44 current LCU per person (2024)
- Final consumption expenditure (current LCU), annual growth rate 4.08 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -0.1534 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.1883 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0018 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Bermuda?
- Services, value added in Bermuda was 6.85 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Bermuda?
- The highest recorded value was 6.85 billion constant 2015 US$ in 2024.
- What is the lowest services, value added recorded in Bermuda?
- The lowest recorded value was 5.70 billion constant 2015 US$ in 2020.
- How does Bermuda rank for services, value added?
- Bermuda ranks 135th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Bermuda?
- Over the last ten years it is up 14.2%. The long-run trend across the full record is flat.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.