Services, value added (current LCU), annual growth rate in Bermuda
Bermuda: Services, value added (current LCU), annual growth rate was 6.68 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Bermuda, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Bermuda recorded 6.68 % change on previous year for services, value added (current lcu), annual growth rate in 2024.
That represents a change of down 43.9% on the previous year and up 33,159.4% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Bermuda peaked at 11.92 % change on previous year in 2023 and was at its lowest, -5.98 % change on previous year, in 2020.
Bermuda ranks 116th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | -3.97 % change on previous year | — |
| 2012 | 2.1 % change on previous year | -152.9% |
| 2013 | 0.6834 % change on previous year | -67.4% |
| 2014 | 0.0201 % change on previous year | -97.1% |
| 2015 | 3.29 % change on previous year | +16268.4% |
| 2016 | 3.37 % change on previous year | +2.4% |
| 2017 | 3.03 % change on previous year | -10.1% |
| 2018 | 1.07 % change on previous year | -64.7% |
| 2019 | 2.19 % change on previous year | +105.2% |
| 2020 | -5.98 % change on previous year | -373.0% |
| 2021 | 6.04 % change on previous year | -200.9% |
| 2022 | 6.59 % change on previous year | +9.1% |
| 2023 | 11.92 % change on previous year | +80.9% |
| 2024 | 6.68 % change on previous year | -43.9% |
Bermuda compared with similar countries
- Bermuda's 6.68 % change on previous year is above the median for high income countries, which is 5.74 % change on previous year, 1.2× the median. (77 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current LCU), annual growth rate in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +16268.4% | 0.0201 % change on previous year | 3.29 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.31 % change on previous year | -3.97 % change on previous year | 3.37 % change on previous year | 9 |
| 2020s | 5.05 % change on previous year | -5.98 % change on previous year | 11.92 % change on previous year | 5 |
Countries ranked near Bermuda
- 113 Malaysia 6.86 % change on previous year compare
- 114 Gambia 6.76 % change on previous year compare
- 115 Cape Verde 6.72 % change on previous year compare
- 117 Nepal 6.61 % change on previous year compare
- 118 Cayman Islands 6.48 % change on previous year compare
- 119 Maldives 6.4 % change on previous year 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 (current lcu), annual growth rate in Bermuda?
- Services, value added (current lcu), annual growth rate in Bermuda was 6.68 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Bermuda?
- The highest recorded value was 11.92 % change on previous year in 2023.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Bermuda?
- The lowest recorded value was -5.98 % change on previous year in 2020.
- How does Bermuda rank for services, value added (current lcu), annual growth rate?
- Bermuda ranks 116th out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 33,159.4%. 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 (current LCU), 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 (current LCU). 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.