Taxes less subsidies on products (current US$), annual growth rate in Bermuda
Bermuda: Taxes less subsidies on products (current US$), annual growth rate was 4.4 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Bermuda, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes less subsidies on products (current us$), annual growth rate in Bermuda stood at 4.4 % change on previous year.
The figure is up 0.1% on the previous year and up 151.8% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Bermuda peaked at 11.65 % change on previous year in 1999 and was at its lowest, -17.82 % change on previous year, in 2020.
Bermuda ranks 142nd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Bermuda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 4.2 % change on previous year | — |
| 1998 | 5.11 % change on previous year | +21.9% |
| 1999 | 11.65 % change on previous year | +127.8% |
| 2000 | 5.79 % change on previous year | -50.3% |
| 2001 | 0.4718 % change on previous year | -91.9% |
| 2002 | 1.96 % change on previous year | +315.9% |
| 2003 | 4.65 % change on previous year | +136.9% |
| 2004 | 9.68 % change on previous year | +108.3% |
| 2005 | 7.05 % change on previous year | -27.2% |
| 2011 | -3.06 % change on previous year | -143.4% |
| 2012 | -7.51 % change on previous year | +145.6% |
| 2013 | 11.47 % change on previous year | -252.7% |
| 2014 | -8.49 % change on previous year | -174.0% |
| 2015 | 10.75 % change on previous year | -226.6% |
| 2016 | 3.06 % change on previous year | -71.6% |
| 2017 | 10.81 % change on previous year | +253.5% |
| 2018 | -0.1938 % change on previous year | -101.8% |
| 2019 | -1.51 % change on previous year | +679.2% |
| 2020 | -17.82 % change on previous year | +1079.8% |
| 2021 | 9.68 % change on previous year | -154.3% |
| 2022 | 6.94 % change on previous year | -28.2% |
| 2023 | 4.4 % change on previous year | -36.7% |
| 2024 | 4.4 % change on previous year | +0.1% |
Bermuda compared with similar countries
- Bermuda's 4.4 % change on previous year is below the median for high income countries, which is 8.9 % change on previous year, 49% of the median. (74 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.99 % change on previous year | 4.2 % change on previous year | 11.65 % change on previous year | 3 |
| 2000s | 4.94 % change on previous year | 0.4718 % change on previous year | 9.68 % change on previous year | 6 |
| 2010s | 1.7 % change on previous year | -8.49 % change on previous year | 11.47 % change on previous year | 9 |
| 2020s | 1.52 % change on previous year | -17.82 % change on previous year | 9.68 % change on previous year | 5 |
Countries ranked near Bermuda
- 139 India 4.51 % change on previous year compare
- 140 Vanuatu 4.49 % change on previous year compare
- 141 Botswana 4.41 % change on previous year compare
- 143 Kuwait 4.27 % change on previous year compare
- 144 New Caledonia 4.23 % change on previous year compare
- 145 Panama 4.12 % change on previous year compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (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$), per 0.1072 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in Bermuda?
- Taxes less subsidies on products (current us$), annual growth rate in Bermuda was 4.4 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Bermuda?
- The highest recorded value was 11.65 % change on previous year in 1999.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Bermuda?
- The lowest recorded value was -17.82 % change on previous year in 2020.
- How does Bermuda rank for taxes less subsidies on products (current us$), annual growth rate?
- Bermuda ranks 142nd out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Bermuda?
- Over the last ten years it is up 151.8%. 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 Taxes less subsidies on products (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.