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Bermuda — GDP growth
GDP Growth (Annual %) for Bermuda, 1961–2024.
Latest value · 2024
1.89%
GDP Growth (Annual %) · annual % · -59.7% since 1961
GDP growth for Bermuda was 1.89% in 2024, according to the latest World Bank data. The series covers 64 years, from 1961 to 2024. The highest recorded value was 14.36% in 1966. The lowest was -6.97% in 2020 (about -3.7× the latest value). Across that span the compound annual growth rate works out to -1.43% per year.
Bermuda ranks 147 of 212 economies on this measure (1 = highest), putting it in the top 69%. The median for North America is 1.89%, so Bermuda sits level with it. It peaked in 1966 and has fallen 87% since. Over the last decade (2014–2024) the figure moved up 151%.
Key figures
Latest (2024)
1.89%
First (1961)
4.68%
Change
-59.7%
Highest
14.36%
in 1966
Lowest
-6.97%
in 2020
Average
2.45%
Annual growth (CAGR)
-1.43%
Years of data
64
Recent years
| Year | annual % |
|---|---|
| 2024 | 1.89% |
| 2023 | 4.33% |
| 2022 | 6.26% |
| 2021 | 4.76% |
| 2020 | -6.97% |
| 2019 | 0.31% |
| 2018 | -0.43% |
| 2017 | 3.61% |
| 2016 | -0.66% |
| 2015 | 0.78% |
| 2014 | -3.7% |
| 2013 | -0.28% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.