Services, value added (current LCU) in Bermuda
Bermuda: Services, value added (current LCU) was 8.40 billion current LCU in 2024. ▲ Rising
Services, value added in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, services, value added in Bermuda stood at 8.40 billion current LCU. That is the highest value across all 15 years on record.
That represents a change of up 6.7% on the previous year and up 44.1% over ten years.
Over the whole period, services, value added in Bermuda peaked at 8.40 billion current LCU in 2024 and was at its lowest, 5.67 billion current LCU, in 2011.
Bermuda ranks 175th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Services, value added (current LCU) in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | 5.90 billion current LCU | — |
| 2011 | 5.67 billion current LCU | -4.0% |
| 2012 | 5.78 billion current LCU | +2.1% |
| 2013 | 5.82 billion current LCU | +0.7% |
| 2014 | 5.82 billion current LCU | +0.0% |
| 2015 | 6.02 billion current LCU | +3.3% |
| 2016 | 6.22 billion current LCU | +3.4% |
| 2017 | 6.41 billion current LCU | +3.0% |
| 2018 | 6.48 billion current LCU | +1.1% |
| 2019 | 6.62 billion current LCU | +2.2% |
| 2020 | 6.22 billion current LCU | -6.0% |
| 2021 | 6.60 billion current LCU | +6.0% |
| 2022 | 7.03 billion current LCU | +6.6% |
| 2023 | 7.87 billion current LCU | +11.9% |
| 2024 | 8.40 billion current LCU | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.07 billion current LCU | 5.67 billion current LCU | 6.62 billion current LCU | 10 |
| 2020s | 7.22 billion current LCU | 6.22 billion current LCU | 8.40 billion current LCU | 5 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Gross national expenditure (current LCU), per unit of GDP 0.6606 current LCU per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 78,446 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5515 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), annual growth rate 11.72 % change on previous year (2024)
- Gross national expenditure (constant 2015 US$), per capita 75,565 constant 2015 US$ per person (2024)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.5312 constant 2015 US$ per US$ of GDP (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 1.79 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 93,967 current LCU per person (2024)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.4364 constant 2015 US$ per US$ of GDP (2024)
- Final consumption expenditure (constant 2015 US$), per capita 62,072 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added in Bermuda?
- Services, value added in Bermuda was 8.40 billion current 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 8.40 billion current LCU in 2024.
- What is the lowest services, value added recorded in Bermuda?
- The lowest recorded value was 5.67 billion current LCU in 2011.
- How does Bermuda rank for services, value added?
- Bermuda ranks 175th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Bermuda?
- Over the last ten years it is up 44.1%. The long-run trend across the full record is rising.
- 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 (current LCU). 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.