Taxes less subsidies on products (constant LCU), per unit of GDP in Bermuda
Bermuda: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.031 constant LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Bermuda, 2010–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, taxes less subsidies on products (constant lcu), per unit of gdp in Bermuda stood at 0.031 constant LCU per US$ of GDP. That is the lowest value across all 15 years on record.
The figure is down 5.4% on the previous year and down 23.0% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Bermuda peaked at 0.0458 constant LCU per US$ of GDP in 2011 and was at its lowest, 0.031 constant LCU per US$ of GDP, in 2024.
Bermuda ranks 172nd of 189 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Bermuda, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2010 | 0.0415 constant LCU per US$ of GDP | — |
| 2011 | 0.0458 constant LCU per US$ of GDP | +10.4% |
| 2012 | 0.0423 constant LCU per US$ of GDP | -7.5% |
| 2013 | 0.043 constant LCU per US$ of GDP | +1.6% |
| 2014 | 0.0403 constant LCU per US$ of GDP | -6.4% |
| 2015 | 0.0446 constant LCU per US$ of GDP | +10.7% |
| 2016 | 0.0425 constant LCU per US$ of GDP | -4.6% |
| 2017 | 0.0428 constant LCU per US$ of GDP | +0.7% |
| 2018 | 0.0405 constant LCU per US$ of GDP | -5.3% |
| 2019 | 0.0379 constant LCU per US$ of GDP | -6.4% |
| 2020 | 0.0419 constant LCU per US$ of GDP | +10.4% |
| 2021 | 0.0388 constant LCU per US$ of GDP | -7.3% |
| 2022 | 0.035 constant LCU per US$ of GDP | -9.8% |
| 2023 | 0.0328 constant LCU per US$ of GDP | -6.3% |
| 2024 | 0.031 constant LCU per US$ of GDP | -5.4% |
Bermuda compared with similar countries
- Bermuda's 0.031 constant LCU per US$ of GDP is below the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 35% of the median. (66 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0421 constant LCU per US$ of GDP | 0.0379 constant LCU per US$ of GDP | 0.0458 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0359 constant LCU per US$ of GDP | 0.031 constant LCU per US$ of GDP | 0.0419 constant LCU per US$ of GDP | 5 |
Countries ranked near Bermuda
- 169 Tajikistan 0.0358 constant LCU per US$ of GDP compare
- 170 Ireland 0.0354 constant LCU per US$ of GDP compare
- 171 Cayman Islands 0.0351 constant LCU per US$ of GDP compare
- 173 Venezuela 0.026 constant LCU per US$ of GDP compare
- 174 Panama 0.0258 constant LCU per US$ of GDP compare
- 175 Marshall Islands 0.0246 constant LCU per US$ of GDP compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU 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 unit 0.0128 BoP, current US$ per US$ of GDP (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 taxes less subsidies on products (constant lcu), per unit of gdp in Bermuda?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Bermuda was 0.031 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.0458 constant LCU per US$ of GDP in 2011.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.031 constant LCU per US$ of GDP in 2024.
- How does Bermuda rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Bermuda ranks 172nd out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is down 23.0%. 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 Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- 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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.