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Bermuda GDP

Bermuda's GDP rose to $8.98 billion in 2024, up from $8.58 billion in 2023, according to World Bank. This represents an increase of 4.7% ($400.96 million) from the previous year and accounts for 0.01% of the world's total GDP. Bermuda has GDP lower than the global median ($8.98 billion vs median $35.85 billion). Compared with the median in Americas, Bermuda is lower ($8.98 billion vs regional median $25.03 billion) and ranks 27th out of 44 countries in Americas.

Bermuda's GDP per capita rose to $117,661.3 in 2024, up from $115,124.7 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 8.98
2023 8.58
2022 7.87
2021 7.29
2020 6.89
2019 7.42
2018 7.23
2017 7.14
2016 6.9
2015 6.65
2014 6.41
2013 6.47
2012 6.38
2011 6.31
2010 6.63
2009 6.66
2008 6.98
2007 6.77
2006 6.14
2005 4.87
2004 4.48
2003 4.19
2002 3.94
2001 3.68
2000 3.48
1999 3.32
1998 3.13
1997 2.93
1996 2.7
1995 2.03
1994 1.87
1993 1.82
1992 1.68
1991 1.63
1990 1.59
1989 1.5
1988 1.42
1987 1.3
1986 1.17
1985 1.04
1984 0.99
1983 0.89
1982 0.79
1981 0.74
1980 0.61
1979 0.52
1978 0.48
1977 0.45
1976 0.39
1975 0.34
1974 0.31
1973 0.27
1972 0.24
1971 0.21
1970 0.19
1969 0.16
1968 0.15
1967 0.13
1966 0.12
1965 0.1
1964 0.09
1963 0.08
1962 0.08
1961 0.08
1960 0.07
Bermuda GDP : Definition
GDP measures the total value of all goods and services produced in Bermuda, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 2.11% 4.92% 2024
GDP per Capita $117,661.3 $115,124.7 2024
GDP per Capita PPP $105,322.9 $103,052.4 2024
R&D Expenditure (% GDP) 0.23% 0.26% 2020
Real GDP $7.61B $7.45B 2024