Value Added (Total Manufacturing) — Value Standard Local Currency in Bermuda
Bermuda: Value Added (Total Manufacturing) — Value Standard Local Currency was 28.25 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Bermuda, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Bermuda recorded 28.25 million SLC for value added (total manufacturing) — value standard local currency in 2023.
The figure is up 0.9% on the previous year and down 15.5% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Bermuda peaked at 90 million SLC in 2006 and was at its lowest, 6.36 million SLC, in 1970.
That places Bermuda 221st out of 231 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) — Value Standard Local Currency in Bermuda, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 6.36 million SLC | — |
| 1971 | 7.2 million SLC | +13.3% |
| 1972 | 8.03 million SLC | +11.5% |
| 1973 | 9.19 million SLC | +14.5% |
| 1974 | 10.66 million SLC | +16.0% |
| 1975 | 11.77 million SLC | +10.4% |
| 1976 | 13.18 million SLC | +12.0% |
| 1977 | 14.31 million SLC | +8.5% |
| 1978 | 15.47 million SLC | +8.2% |
| 1979 | 17.99 million SLC | +16.3% |
| 1980 | 21.6 million SLC | +20.1% |
| 1981 | 23.62 million SLC | +9.4% |
| 1982 | 26.35 million SLC | +11.6% |
| 1983 | 29.35 million SLC | +11.4% |
| 1984 | 30.9 million SLC | +5.3% |
| 1985 | 34.2 million SLC | +10.7% |
| 1986 | 37.96 million SLC | +11.0% |
| 1987 | 41.52 million SLC | +9.4% |
| 1988 | 44.38 million SLC | +6.9% |
| 1989 | 47.09 million SLC | +6.1% |
| 1990 | 48.79 million SLC | +3.6% |
| 1991 | 50.55 million SLC | +3.6% |
| 1992 | 51.28 million SLC | +1.4% |
| 1993 | 54.86 million SLC | +7.0% |
| 1994 | 57.28 million SLC | +4.4% |
| 1995 | 61.7 million SLC | +7.7% |
| 1996 | 64 million SLC | +3.7% |
| 1997 | 69 million SLC | +7.8% |
| 1998 | 76.68 million SLC | +11.1% |
| 1999 | 81.37 million SLC | +6.1% |
| 2000 | 85.58 million SLC | +5.2% |
| 2001 | 77.59 million SLC | -9.3% |
| 2002 | 84.08 million SLC | +8.4% |
| 2003 | 71.56 million SLC | -14.9% |
| 2004 | 78.13 million SLC | +9.2% |
| 2005 | 80.21 million SLC | +2.7% |
| 2006 | 90 million SLC | +12.2% |
| 2007 | 79.31 million SLC | -11.9% |
| 2008 | 78.43 million SLC | -1.1% |
| 2009 | 62.53 million SLC | -20.3% |
| 2010 | 56.77 million SLC | -9.2% |
| 2011 | 44.43 million SLC | -21.8% |
| 2012 | 38.14 million SLC | -14.2% |
| 2013 | 33.44 million SLC | -12.3% |
| 2014 | 30.79 million SLC | -7.9% |
| 2015 | 34.22 million SLC | +11.1% |
| 2016 | 29.74 million SLC | -13.1% |
| 2017 | 33.12 million SLC | +11.3% |
| 2018 | 35.21 million SLC | +6.3% |
| 2019 | 38.31 million SLC | +8.8% |
| 2020 | 23.17 million SLC | -39.5% |
| 2021 | 25.3 million SLC | +9.2% |
| 2022 | 27.99 million SLC | +10.6% |
| 2023 | 28.25 million SLC | +0.9% |
Bermuda compared with similar countries
- Bermuda's 28.25 million SLC is below the median for high income countries, which is 31,737 million SLC, 0% of the median. (73 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -39.5% | 38.31 million SLC | 23.17 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.42 million SLC | 6.36 million SLC | 17.99 million SLC | 10 |
| 1980s | 33.7 million SLC | 21.6 million SLC | 47.09 million SLC | 10 |
| 1990s | 61.55 million SLC | 48.79 million SLC | 81.37 million SLC | 10 |
| 2000s | 78.74 million SLC | 62.53 million SLC | 90 million SLC | 10 |
| 2010s | 37.42 million SLC | 29.74 million SLC | 56.77 million SLC | 10 |
| 2020s | 26.17 million SLC | 23.17 million SLC | 28.25 million SLC | 4 |
Countries ranked near Bermuda
- 218 Timor-Leste 34.21 million SLC compare
- 218 East Timor 34.21 million SLC compare
- 220 Sint Maarten (Dutch part) 33.23 million SLC compare
- 222 British Virgin Islands 28.23 million SLC compare
- 223 Anguilla 24.05 million SLC compare
- 224 Kiribati 20.49 million SLC compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current US$), per 0.1072 current US$ 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 US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Bermuda?
- Value added (total manufacturing) — value standard local currency in Bermuda was 28.25 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Bermuda?
- The highest recorded value was 90 million SLC in 2006.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Bermuda?
- The lowest recorded value was 6.36 million SLC in 1970.
- How does Bermuda rank for value added (total manufacturing) — value standard local currency?
- Bermuda ranks 221st out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Bermuda?
- Over the last ten years it is down 15.5%. 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) — Value 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).