Taxes less subsidies on products (current US$), per unit of GDP (unit) in Bermuda
Bermuda: Taxes less subsidies on products (current US$), per unit of GDP (unit) was 0.0362 current US$ per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (current US$), per unit of GDP in Bermuda, 1996–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2024, taxes less subsidies on products (current us$), per unit of gdp in Bermuda stood at 0.0362 current US$ per US$ of GDP. That is the lowest value across all 25 years on record.
The figure is down 2.3% on the previous year and down 8.9% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Bermuda peaked at 0.0528 current US$ per US$ of GDP in 2000 and was at its lowest, 0.0362 current US$ per US$ of GDP, in 2024.
Bermuda ranks 163rd 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 US$), per unit of GDP (unit) in Bermuda, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1996 | 0.0527 current US$ per US$ of GDP | — |
| 1997 | 0.0505 current US$ per US$ of GDP | -4.2% |
| 1998 | 0.0497 current US$ per US$ of GDP | -1.5% |
| 1999 | 0.0522 current US$ per US$ of GDP | +5.1% |
| 2000 | 0.0528 current US$ per US$ of GDP | +1.1% |
| 2001 | 0.0502 current US$ per US$ of GDP | -5.0% |
| 2002 | 0.0478 current US$ per US$ of GDP | -4.7% |
| 2003 | 0.0471 current US$ per US$ of GDP | -1.6% |
| 2004 | 0.0482 current US$ per US$ of GDP | +2.4% |
| 2005 | 0.0475 current US$ per US$ of GDP | -1.4% |
| 2010 | 0.042 current US$ per US$ of GDP | -11.7% |
| 2011 | 0.0427 current US$ per US$ of GDP | +1.9% |
| 2012 | 0.0391 current US$ per US$ of GDP | -8.5% |
| 2013 | 0.043 current US$ per US$ of GDP | +10.0% |
| 2014 | 0.0397 current US$ per US$ of GDP | -7.8% |
| 2015 | 0.0424 current US$ per US$ of GDP | +6.7% |
| 2016 | 0.0421 current US$ per US$ of GDP | -0.6% |
| 2017 | 0.0451 current US$ per US$ of GDP | +7.0% |
| 2018 | 0.0445 current US$ per US$ of GDP | -1.3% |
| 2019 | 0.0426 current US$ per US$ of GDP | -4.1% |
| 2020 | 0.0378 current US$ per US$ of GDP | -11.4% |
| 2021 | 0.0391 current US$ per US$ of GDP | +3.6% |
| 2022 | 0.0393 current US$ per US$ of GDP | +0.4% |
| 2023 | 0.037 current US$ per US$ of GDP | -5.7% |
| 2024 | 0.0362 current US$ per US$ of GDP | -2.3% |
Bermuda compared with similar countries
- Bermuda's 0.0362 current US$ per US$ of GDP is below the median for high income countries, which is 0.0948 current US$ per US$ of GDP, 38% of the median. (74 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0513 current US$ per US$ of GDP | 0.0497 current US$ per US$ of GDP | 0.0527 current US$ per US$ of GDP | 4 |
| 2000s | 0.0489 current US$ per US$ of GDP | 0.0471 current US$ per US$ of GDP | 0.0528 current US$ per US$ of GDP | 6 |
| 2010s | 0.0423 current US$ per US$ of GDP | 0.0391 current US$ per US$ of GDP | 0.0451 current US$ per US$ of GDP | 10 |
| 2020s | 0.0379 current US$ per US$ of GDP | 0.0362 current US$ per US$ of GDP | 0.0393 current US$ per US$ of GDP | 5 |
Countries ranked near Bermuda
- 160 Ethiopia 0.0381 current US$ per US$ of GDP compare
- 161 Gabon 0.0372 current US$ per US$ of GDP compare
- 162 Somalia 0.0368 current US$ per US$ of GDP
- 164 Zambia 0.0353 current US$ per US$ of GDP compare
- 165 United States 0.035 current US$ per US$ of GDP compare
- 166 Iran 0.0334 current US$ per US$ of GDP compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), 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$), per capita 1,823 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate 7.63 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Bermuda?
- Taxes less subsidies on products (current us$), per unit of gdp in Bermuda was 0.0362 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.0528 current US$ per US$ of GDP in 2000.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.0362 current US$ per US$ of GDP in 2024.
- How does Bermuda rank for taxes less subsidies on products (current us$), per unit of gdp?
- Bermuda ranks 163rd out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.