Value Added (Total Manufacturing) — Annual growth Standard Local in Bermuda
Bermuda: Value Added (Total Manufacturing) — Annual growth Standard Local was 0.9384 % in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Annual growth Standard Local in Bermuda, 1971–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Bermuda recorded 0.9384 % for value added (total manufacturing) — annual growth standard local in 2023.
The figure is down 91.2% on the previous year and up 107.6% over ten years.
Over the whole period, value added (total manufacturing) — annual growth standard local in Bermuda peaked at 20.09 % in 1980 and was at its lowest, -39.52 %, in 2020.
That places Bermuda 153rd out of 202 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Annual growth Standard Local in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 13.31 % | — |
| 1972 | 11.51 % | -13.5% |
| 1973 | 14.49 % | +25.8% |
| 1974 | 15.99 % | +10.4% |
| 1975 | 10.37 % | -35.2% |
| 1976 | 11.97 % | +15.5% |
| 1977 | 8.54 % | -28.6% |
| 1978 | 8.16 % | -4.4% |
| 1979 | 16.26 % | +99.1% |
| 1980 | 20.09 % | +23.6% |
| 1981 | 9.37 % | -53.4% |
| 1982 | 11.55 % | +23.3% |
| 1983 | 11.37 % | -1.6% |
| 1984 | 5.28 % | -53.6% |
| 1985 | 10.66 % | +101.9% |
| 1986 | 11.01 % | +3.2% |
| 1987 | 9.39 % | -14.7% |
| 1988 | 6.87 % | -26.8% |
| 1989 | 6.11 % | -11.0% |
| 1990 | 3.62 % | -40.7% |
| 1991 | 3.61 % | -0.4% |
| 1992 | 1.43 % | -60.3% |
| 1993 | 6.99 % | +388.6% |
| 1994 | 4.4 % | -37.1% |
| 1995 | 7.73 % | +75.9% |
| 1996 | 3.72 % | -51.8% |
| 1997 | 7.81 % | +109.9% |
| 1998 | 11.13 % | +42.5% |
| 1999 | 6.12 % | -45.0% |
| 2000 | 5.17 % | -15.5% |
| 2001 | -9.34 % | -280.7% |
| 2002 | 8.37 % | -189.6% |
| 2003 | -14.88 % | -277.9% |
| 2004 | 9.18 % | -161.7% |
| 2005 | 2.66 % | -71.1% |
| 2006 | 12.21 % | +359.6% |
| 2007 | -11.88 % | -197.3% |
| 2008 | -1.11 % | -90.7% |
| 2009 | -20.27 % | +1733.0% |
| 2010 | -9.21 % | -54.6% |
| 2011 | -21.75 % | +136.2% |
| 2012 | -14.15 % | -34.9% |
| 2013 | -12.33 % | -12.9% |
| 2014 | -7.91 % | -35.9% |
| 2015 | 11.12 % | -240.6% |
| 2016 | -13.07 % | -217.6% |
| 2017 | 11.34 % | -186.7% |
| 2018 | 6.32 % | -44.2% |
| 2019 | 8.8 % | +39.1% |
| 2020 | -39.52 % | -549.2% |
| 2021 | 9.19 % | -123.2% |
| 2022 | 10.64 % | +15.8% |
| 2023 | 0.9384 % | -91.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.29 % | 8.16 % | 16.26 % | 9 |
| 1980s | 10.17 % | 5.28 % | 20.09 % | 10 |
| 1990s | 5.66 % | 1.43 % | 11.13 % | 10 |
| 2000s | -1.99 % | -20.27 % | 12.21 % | 10 |
| 2010s | -4.08 % | -21.75 % | 11.34 % | 10 |
| 2020s | -4.69 % | -39.52 % | 10.64 % | 4 |
Countries ranked near Bermuda
- 150 Libya 1.28 % compare
- 151 Bosnia and Herzegovina 1.14 % compare
- 152 China, mainland 1.08 % compare
- 154 Bhutan 0.9248 % compare
- 155 Gabon 0.7919 % compare
- 156 Azerbaijan 0.4182 % compare
More economy & growth data for Bermuda
- Gross domestic savings (current LCU), per capita 63,986 current LCU per person (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.4498 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), annual growth rate 10.52 % change on previous year (2024)
- Gross domestic savings (current US$), per capita 63,986 current US$ per person (2024)
- Gross domestic savings (current US$), per unit of GDP 0.4498 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), annual growth rate 10.52 % change on previous year (2024)
- GDP (constant LCU), per capita 109,864 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.7723 constant LCU per US$ of GDP (2024)
- GDP (constant LCU), annual growth rate 1.89 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 116,514 constant 2015 US$ per person (2024)
Frequently asked questions
- What is value added (total manufacturing) — annual growth standard local in Bermuda?
- Value added (total manufacturing) — annual growth standard local in Bermuda was 0.9384 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — annual growth standard local recorded in Bermuda?
- The highest recorded value was 20.09 % in 1980.
- What is the lowest value added (total manufacturing) — annual growth standard local recorded in Bermuda?
- The lowest recorded value was -39.52 % in 2020.
- How does Bermuda rank for value added (total manufacturing) — annual growth standard local?
- Bermuda ranks 153rd out of 202 countries with data for 2023.
- Is value added (total manufacturing) — annual growth standard local rising or falling in Bermuda?
- Over the last ten years it is up 107.6%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).