Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Bermuda
Bermuda: Taxes less subsidies on products (current LCU), per unit of GDP (unit) was 0.0362 current LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (current LCU), per unit of GDP in Bermuda, 1996–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Bermuda is 0.0362 current LCU per US$ of GDP, measured in 2024. That is the lowest value across all 25 years on record.
That represents a change of down 2.3% on the previous year and down 8.9% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Bermuda peaked at 0.0528 current LCU per US$ of GDP in 2000 and was at its lowest, 0.0362 current LCU per US$ of GDP, in 2024.
Bermuda ranks 180th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Bermuda, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1996 | 0.0527 current LCU per US$ of GDP | — |
| 1997 | 0.0505 current LCU per US$ of GDP | -4.2% |
| 1998 | 0.0497 current LCU per US$ of GDP | -1.5% |
| 1999 | 0.0522 current LCU per US$ of GDP | +5.1% |
| 2000 | 0.0528 current LCU per US$ of GDP | +1.1% |
| 2001 | 0.0502 current LCU per US$ of GDP | -5.0% |
| 2002 | 0.0478 current LCU per US$ of GDP | -4.7% |
| 2003 | 0.0471 current LCU per US$ of GDP | -1.6% |
| 2004 | 0.0482 current LCU per US$ of GDP | +2.4% |
| 2005 | 0.0475 current LCU per US$ of GDP | -1.4% |
| 2010 | 0.042 current LCU per US$ of GDP | -11.7% |
| 2011 | 0.0427 current LCU per US$ of GDP | +1.9% |
| 2012 | 0.0391 current LCU per US$ of GDP | -8.5% |
| 2013 | 0.043 current LCU per US$ of GDP | +10.0% |
| 2014 | 0.0397 current LCU per US$ of GDP | -7.8% |
| 2015 | 0.0424 current LCU per US$ of GDP | +6.7% |
| 2016 | 0.0421 current LCU per US$ of GDP | -0.6% |
| 2017 | 0.0451 current LCU per US$ of GDP | +7.0% |
| 2018 | 0.0445 current LCU per US$ of GDP | -1.3% |
| 2019 | 0.0426 current LCU per US$ of GDP | -4.1% |
| 2020 | 0.0378 current LCU per US$ of GDP | -11.4% |
| 2021 | 0.0391 current LCU per US$ of GDP | +3.6% |
| 2022 | 0.0393 current LCU per US$ of GDP | +0.4% |
| 2023 | 0.037 current LCU per US$ of GDP | -5.7% |
| 2024 | 0.0362 current LCU per US$ of GDP | -2.3% |
Bermuda compared with similar countries
- Bermuda's 0.0362 current LCU per US$ of GDP is below the median for high income countries, which is 0.1155 current LCU per US$ of GDP, 31% of the median. (74 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0513 current LCU per US$ of GDP | 0.0497 current LCU per US$ of GDP | 0.0527 current LCU per US$ of GDP | 4 |
| 2000s | 0.0489 current LCU per US$ of GDP | 0.0471 current LCU per US$ of GDP | 0.0528 current LCU per US$ of GDP | 6 |
| 2010s | 0.0423 current LCU per US$ of GDP | 0.0391 current LCU per US$ of GDP | 0.0451 current LCU per US$ of GDP | 10 |
| 2020s | 0.0379 current LCU per US$ of GDP | 0.0362 current LCU per US$ of GDP | 0.0393 current LCU per US$ of GDP | 5 |
Countries ranked near Bermuda
- 177 Cayman Islands 0.0447 current LCU per US$ of GDP compare
- 178 Ireland 0.0432 current LCU per US$ of GDP compare
- 179 Marshall Islands, Republic of the 0.0423 current LCU per US$ of GDP compare
- 181 United States 0.035 current LCU per US$ of GDP compare
- 182 Liechtenstein, Principality of 0.0296 current LCU per US$ of GDP compare
- 183 Liberia 0.0283 current LCU per US$ of GDP compare
More economy & growth data for Bermuda
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Gross capital formation (current US$), per unit of GDP 0.1104 current US$ per US$ of GDP (2024)
- Gross fixed capital formation (current LCU), per capita 15,703 current LCU per person (2024)
- Gross fixed capital formation (constant 2015 US$), annual growth rate 3.32 % change on previous year (2024)
- Gross fixed capital formation (constant 2015 US$), per unit of GDP 0.0949 constant 2015 US$ per US$ of GDP (2024)
- Gross fixed capital formation (constant 2015 US$), per capita 13,494 constant 2015 US$ per person (2024)
- Gross capital formation (current US$), annual growth rate 5.2 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.1104 current LCU per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 3.32 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 15,703 current LCU per person (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Bermuda?
- Taxes less subsidies on products (current lcu), per unit of gdp in Bermuda was 0.0362 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.0528 current LCU per US$ of GDP in 2000.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.0362 current LCU per US$ of GDP in 2024.
- How does Bermuda rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Bermuda ranks 180th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is down 8.9%. 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 (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.