Taxes less subsidies on products in Bermuda
Bermuda: Taxes less subsidies on products was 332.49 million current LCU in 2024. ▲ Rising
Taxes less subsidies on products in Bermuda, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, taxes less subsidies on products in Bermuda stood at 332.49 million current LCU. That is the highest value across all 25 years on record.
That represents a change of up 4.4% on the previous year and up 30.6% over ten years.
Over the whole period, taxes less subsidies on products in Bermuda peaked at 332.49 million current LCU in 2024 and was at its lowest, 142.03 million current LCU, in 1996.
Bermuda ranks 178th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 142.03 million current LCU | — |
| 1997 | 147.99 million current LCU | +4.2% |
| 1998 | 155.56 million current LCU | +5.1% |
| 1999 | 173.69 million current LCU | +11.7% |
| 2000 | 183.75 million current LCU | +5.8% |
| 2001 | 184.62 million current LCU | +0.5% |
| 2002 | 188.24 million current LCU | +2.0% |
| 2003 | 196.99 million current LCU | +4.6% |
| 2004 | 216.07 million current LCU | +9.7% |
| 2005 | 231.31 million current LCU | +7.0% |
| 2010 | 278.35 million current LCU | +20.3% |
| 2011 | 269.84 million current LCU | -3.1% |
| 2012 | 249.56 million current LCU | -7.5% |
| 2013 | 278.19 million current LCU | +11.5% |
| 2014 | 254.56 million current LCU | -8.5% |
| 2015 | 281.93 million current LCU | +10.8% |
| 2016 | 290.55 million current LCU | +3.1% |
| 2017 | 321.96 million current LCU | +10.8% |
| 2018 | 321.33 million current LCU | -0.2% |
| 2019 | 316.48 million current LCU | -1.5% |
| 2020 | 260.09 million current LCU | -17.8% |
| 2021 | 285.25 million current LCU | +9.7% |
| 2022 | 305.06 million current LCU | +6.9% |
| 2023 | 318.47 million current LCU | +4.4% |
| 2024 | 332.49 million current LCU | +4.4% |
Bermuda compared with similar countries
- Bermuda's 332.49 million current LCU is below the median for high income countries, which is 26.91 billion current LCU, 1% of the median. (74 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 154.82 million current LCU | 142.03 million current LCU | 173.69 million current LCU | 4 |
| 2000s | 200.16 million current LCU | 183.75 million current LCU | 231.31 million current LCU | 6 |
| 2010s | 286.28 million current LCU | 249.56 million current LCU | 321.96 million current LCU | 10 |
| 2020s | 300.27 million current LCU | 260.09 million current LCU | 332.49 million current LCU | 5 |
Countries ranked near Bermuda
- 175 Saint Kitts and Nevis 406.86 million current LCU compare
- 176 Andorra 356.04 million current LCU compare
- 177 Cayman Islands 347.01 million current LCU compare
- 179 Dominica 323.73 million current LCU compare
- 180 Turks and Caicos Islands 308.51 million current LCU compare
- 181 Solomon Islands 266.39 million current LCU 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 in Bermuda?
- Taxes less subsidies on products in Bermuda was 332.49 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Bermuda?
- The highest recorded value was 332.49 million current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Bermuda?
- The lowest recorded value was 142.03 million current LCU in 1996.
- How does Bermuda rank for taxes less subsidies on products?
- Bermuda ranks 178th out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Bermuda?
- Over the last ten years it is up 30.6%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.