Taxes less subsidies on products in Bermuda
Bermuda: Taxes less subsidies on products was 332.49 million current US$ 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 US$.
Analysis
Bermuda recorded 332.49 million current US$ for taxes less subsidies on products in 2024. 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 US$ in 2024 and was at its lowest, 142.03 million current US$, in 1996.
Bermuda ranks 156th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 154.82 million current US$ | 142.03 million current US$ | 173.69 million current US$ | 4 |
| 2000s | 200.16 million current US$ | 183.75 million current US$ | 231.31 million current US$ | 6 |
| 2010s | 286.28 million current US$ | 249.56 million current US$ | 321.96 million current US$ | 10 |
| 2020s | 300.27 million current US$ | 260.09 million current US$ | 332.49 million current US$ | 5 |
Countries ranked near Bermuda
- 153 Saint Lucia 367.70 million current US$ compare
- 154 Seychelles 360.87 million current US$ compare
- 155 Central African Republic 359.35 million current US$ compare
- 157 Lesotho 328.19 million current US$ compare
- 158 Suriname 323.86 million current US$ compare
- 159 Turks and Caicos Islands 308.51 million current US$ compare
More economy & growth data for Bermuda
- External balance on goods and services as a percent of GDP 30.1% (2024)
- GDP per capita 116,514 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.3% (2024)
- Gross domestic product (GDP) 7.53 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 116,514 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -229.00 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -229.00 million current US$ (2024)
- Taxes less subsidies on products 332.49 million current LCU (2024)
- Net primary income (Net income from abroad) 294.75 million current LCU (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 US$ 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 US$ in 2024.
- What is the lowest taxes less subsidies on products recorded in Bermuda?
- The lowest recorded value was 142.03 million current US$ in 1996.
- How does Bermuda rank for taxes less subsidies on products?
- Bermuda ranks 156th out of 198 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 US$). 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 indicator is expressed in United States dollars.