BM
Economy · North America · High income
Bermuda: the economy in numbers
GDP is $9.2bn (2024), 157th of 211 in the world and 3rd of 3 in North America. GDP per capita is $142,250 (2024), 4th of 211 in the world and 1st of 3 in North America. GDP per capita, PPP is $118,728 (2024), 6th of 199 in the world and 1st of 3 in North America.
GDP
Bermuda
GDP per capita
BermudaNorth AmericaHigh incomeWorld
13 indicators
Economy: Bermuda in detail
Latest reported value, world rank and rank within North America; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDPGDP, current US$ | $9.2bn2024 | 157/211 | 3/3 | $3.5bn | $6.6bn | $6.9bn | +43%since 2014 | $33.1tn | $76.9tn | $118tn | |
| GDP per capitaGDP per capita, current US$ | $142,2502024 | 4/211 | 1/3 | $56,543 | $104,112 | $106,977 | +41%since 2014 | $86,308 | $53,997 | $14,406 | |
| GDP per capita, PPPGDP per capita, PPP (current international $) | $118,7282024 | 6/199 | 1/3 | $54,176 | $72,189 | $85,146 | +65%since 2014 | $87,504 | $69,953 | $25,704 | |
| GNI per capitaGNI per capita, Atlas method, US$ | $139,3702024 | 1/201 | 1/3 | · | $105,750 | $110,850 | +36%since 2014 | $85,298 | $52,957 | $14,244 | |
| GDP growthGDP growth, annual % | 1.9%2024 | 147/210 | 2/3 | 9.3% | -2.5% | -7.0% | +5.6 ppsince 2014 | 2.1% | 1.9% | 2.9% | |
| GDP per capita growthGDP per capita growth, annual % | 2.0%2024 | 117/210 | 1/3 | 8.6% | -2.7% | -7.4% | +5.6 ppsince 2014 | 1.6% | 1.5% | 2.0% | |
| Agriculture shareAgriculture, forestry and fishing, % of GDP | 0.2%2024 | 193/198 | 3/3 | 0.7% | 0.3% | 0.3% | ±0.0 ppsince 2014 | 1.0% | 1.3% | 4.0% | |
| Industry shareIndustry incl. construction, % of GDP | 4.9%2024 | 198/201 | 3/3 | 11.1% | 6.6% | 5.6% | −0.1 ppsince 2014 | 18.2% | 21.3% | 25.0% | |
| Manufacturing shareManufacturing, value added, % of GDP | 0.3%2024 | 194/194 | 3/3 | 2.1%2001 | 0.9% | 0.3% | −0.2 ppsince 2014 | 10.4% | 12.0% | 14.9% | |
| Services shareServices, % of GDP | 91.3%2024 | 4/201 | 1/3 | · | 88.9% | 90.3% | +0.5 ppsince 2014 | 75.5% | 69.1% | 63.3% | |
| InvestmentGross capital formation, % of GDP | 11.0%2024 | 165/175 | 3/3 | · | 13.0% | 12.2% | −1.1 ppsince 2014 | 21.6% | 22.6% | 26.3% | |
| SavingsGross savings, % of GDP | 45.6%2024 | 3/163 | 1/3 | · | 38.5% | 39.3% | +6.0 ppsince 2014 | 17.0% | 23.2% | 26.0% | |
| Resource rentsNatural resources rents, % of GDP | 0.0%2021 | 190/209 | 3/3 | 0.0% | 0.0% | 0.0% | ±0.0 ppsince 2011 | 1.6% | 2.5% | 3.1% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- GDP+43%$9.2bn in 2024
- GDP per capita+41%$142,250 in 2024
- GDP per capita, PPP+65%$118,728 in 2024
- GNI per capita+36%$139,370 in 2024
Worse than ten years ago
No rated indicator got worse over the decade.
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
nearest countries
Bermuda and its nearest countries
Bermuda has no land border; compared with the closest countries by distance between capitals. Latest values since 2005; the highest in each row is marked.
| Indicator | Bermuda | Turks and Caicos Islands | United States | Bahamas | British Virgin Islands |
|---|---|---|---|---|---|
| GDP | $9.2bn2024 | $1.7bn2024 | $30.8tn2025 | $15.8bn2024 | — |
| GDP per capita | $142,2502024 | $37,5072024 | $90,0272025 | $39,4552024 | — |
| GDP per capita, PPP | $118,7282024 | $38,0102024 | $90,0272025 | $41,2582024 | — |
| GNI per capita | $139,3702024 | $36,7602024 | $88,8102025 | $37,0202024 | — |
| GDP growth | 1.9%2024 | 5.6%2024 | 2.2%2025 | 3.4%2024 | — |
| GDP per capita growth | 2.0%2024 | 4.9%2024 | 1.6%2025 | 2.9%2024 | — |
| Agriculture share | 0.2%2024 | 0.4%2024 | 0.9%2021 | 0.5%2024 | — |
| Industry share | 4.9%2024 | 9.3%2024 | 17.6%2021 | 9.6%2024 | — |
| Manufacturing share | 0.3%2024 | 0.4%2024 | 10.5%2021 | 0.6%2024 | — |