Services, value added in Bermuda
Bermuda: Services, value added was 6.42 billion constant LCU in 2024. ▬ Flat
Services, value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Bermuda is 6.42 billion constant LCU, 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 6.42 billion constant LCU in 2024 and was at its lowest, 5.34 billion constant LCU, in 2020.
Bermuda ranks 169th of 199 countries on this measure, in the bottom quarter.
Services, value added in Bermuda, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2010 | 6.36 billion constant LCU | — |
| 2011 | 6.14 billion constant LCU | -3.4% |
| 2012 | 5.84 billion constant LCU | -5.0% |
| 2013 | 5.82 billion constant LCU | -0.3% |
| 2014 | 5.62 billion constant LCU | -3.4% |
| 2015 | 5.64 billion constant LCU | +0.2% |
| 2016 | 5.59 billion constant LCU | -0.8% |
| 2017 | 5.79 billion constant LCU | +3.6% |
| 2018 | 5.75 billion constant LCU | -0.7% |
| 2019 | 5.72 billion constant LCU | -0.5% |
| 2020 | 5.34 billion constant LCU | -6.7% |
| 2021 | 5.62 billion constant LCU | +5.4% |
| 2022 | 6.01 billion constant LCU | +7.0% |
| 2023 | 6.31 billion constant LCU | +4.9% |
| 2024 | 6.42 billion constant LCU | +1.8% |
Bermuda compared with similar countries
- Bermuda's 6.42 billion constant LCU is below the median for high income countries, which is 203.18 billion constant LCU, 3% of the median. (70 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.83 billion constant LCU | 5.59 billion constant LCU | 6.36 billion constant LCU | 10 |
| 2020s | 5.94 billion constant LCU | 5.34 billion constant LCU | 6.42 billion constant LCU | 5 |
Countries ranked near Bermuda
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 services, value added in Bermuda?
- Services, value added in Bermuda was 6.42 billion constant LCU 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 6.42 billion constant LCU in 2024.
- What is the lowest services, value added recorded in Bermuda?
- The lowest recorded value was 5.34 billion constant LCU in 2020.
- How does Bermuda rank for services, value added?
- Bermuda ranks 169th out of 199 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defence, 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 varies by country. This series is expressed in local currency units.