Bermuda — GDP growth
GDP Growth (Annual %) for Bermuda, 1961–2024.
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%. Its sharpest one-year move was down 18496% in 1991. That is 104% above this series' own ten-year average.
Data highlights
From its 1961 level: doubled by 1964.
World ranking. Slipped: 59th of 107 in 1961 → 50th of 119 in 1970 → 30th of 152 in 1980 → 128th of 176 in 1990 → 18th of 199 in 2000 → 196th of 209 in 2010 → 142nd of 209 in 2020 → 144th of 200 in 2024.
Key figures
Full history — 1961 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 1.89% | -2.4 pp |
| 2023 | 4.33% | -1.9 pp |
| 2022 | 6.26% | +1.5 pp |
| 2021 | 4.76% | +11.7 pp |
| 2020 | -6.97% | -7.3 pp |
| 2019 | 0.31% | +0.7 pp |
| 2018 | -0.43% | -4.0 pp |
| 2017 | 3.61% | +4.3 pp |
| 2016 | -0.66% | -1.4 pp |
| 2015 | 0.78% | +4.5 pp |
| 2014 | -3.7% | -3.4 pp |
| 2013 | -0.28% | +5.0 pp |
| 2012 | -5.31% | -1.6 pp |
| 2011 | -3.74% | -1.2 pp |
| 2010 | -2.5% | +3.1 pp |
| 2009 | -5.63% | -3.8 pp |
| 2008 | -1.87% | -5.2 pp |
| 2007 | 3.35% | -2.2 pp |
| 2006 | 5.54% | +3.9 pp |
| 2005 | 1.67% | -0.6 pp |
| 2004 | 2.32% | -1.1 pp |
| 2003 | 3.41% | +4.9 pp |
| 2002 | -1.48% | -8.7 pp |
| 2001 | 7.22% | -2.1 pp |
| 2000 | 9.32% | +5.9 pp |
| 1999 | 3.38% | -0.5 pp |
| 1998 | 3.9% | -0.7 pp |
| 1997 | 4.6% | +2.0 pp |
| 1996 | 2.6% | -1.8 pp |
| 1995 | 4.4% | +3.8 pp |
| 1994 | 0.6% | -2.4 pp |
| 1993 | 3.01% | +3.1 pp |
| 1992 | -0.06% | +3.5 pp |
| 1991 | -3.53% | -3.6 pp |
| 1990 | 0.02% | -0.4 pp |
| 1989 | 0.44% | -3.6 pp |
| 1988 | 4.06% | +0.3 pp |
| 1987 | 3.75% | -2.9 pp |
| 1986 | 6.67% | +8.7 pp |
| 1985 | -2% | -2.5 pp |
| 1984 | 0.48% | -1.5 pp |
| 1983 | 2.01% | +7.3 pp |
| 1982 | -5.29% | -7.7 pp |
| 1981 | 2.38% | -5.6 pp |
| 1980 | 7.94% | +5.8 pp |
| 1979 | 2.15% | +0.7 pp |
| 1978 | 1.45% | -4.4 pp |
| 1977 | 5.9% | -3.0 pp |
| 1976 | 8.94% | +5.2 pp |
| 1975 | 3.77% | +2.9 pp |
| 1974 | 0.88% | -0.6 pp |
| 1973 | 1.48% | -0.3 pp |
| 1972 | 1.81% | -1.6 pp |
| 1971 | 3.44% | -2.9 pp |
| 1970 | 6.31% | +2.9 pp |
| 1969 | 3.44% | +1.3 pp |
| 1968 | 2.11% | -11.2 pp |
| 1967 | 13.28% | -1.1 pp |
| 1966 | 14.36% | +9.6 pp |
| 1965 | 4.76% | -6.3 pp |
| 1964 | 11.11% | +10.0 pp |
| 1963 | 1.07% | -3.4 pp |
| 1962 | 4.47% | -0.2 pp |
| 1961 | 4.68% | — |
Frequently asked questions
What was Bermuda’s GDP growth in 1962?
4.47% (1962). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Bermuda’s GDP growth growing or shrinking?
Between 1961 and 2024 the series was shrinking overall: -59.7% in total — about 1.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 1.89%; 2023: 4.33%; 2022: 6.26%; 2021: 4.76%; 2020: -6.97%. Earlier years are in the full-history table below.
Related data
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.