Bermuda GDP
Gross Domestic Product in current US dollars NY.GDP.MKTP.CD
Bermuda's gdp was $9.2B in 2024, ranked 49th globally. This represents a 7.6% increase from 2023. Data from World Bank, covering 1960–2024.
Overview
Bermuda's gdp stood at $9.2B in 2024, a rise of +$654.4M from 2023. Bermuda ranked 49th globally.
Bermuda's GDP has demonstrated a significant growth trajectory since 1960, rising from an all-time trough of $72,400,000.00 to a current value of $9,233,600,000.00, positioning it as the 49th largest economy globally in 2024. This growth mirrors the upward trend observed in other island nations, such as New Caledonia, which ranks 23rd globally with a GDP of $8,548,919,387.13. Bermuda's peak GDP was also recorded in 2024, underscoring the country's economic resilience and diversification efforts. Throughout the 65-year period of observation, Bermuda's GDP has consistently grown, albeit with fluctuations due to external factors. The nation's economic trajectory is expected to continue, driven by its tourism and financial services sectors. However, a shift in global economic dynamics, such as increased competition from other financial hubs, could alter Bermuda's economic trajectory and impact its GDP growth.
Data & projection
| Year | GDP | YoY change | Rank |
|---|---|---|---|
| 2024 | $9.2B | +$654.4M | #49 |
| 2023 | $8.6B | +$704.9M | #50 |
| 2022 | $7.9B | +$584.3M | #55 |
| 2021 | $7.3B | +$402.7M | #54 |
| 2020 | $6.9B | −$536.1M | #57 |
| 2019 | $7.4B | +$197.5M | #60 |
| 2018 | $7.2B | +$83.7M | #58 |
| 2017 | $7.1B | +$242.4M | #60 |
| 2016 | $6.9B | +$245.4M | #63 |
| 2015 | $6.7B | +$240.6M | #59 |
| 2014 | $6.4B | −$51.8M | #56 |
| 2013 | $6.5B | +$87.6M | #56 |
| 2012 | $6.4B | +$65.5M | #59 |
| 2011 | $6.3B | −$321.8M | #60 |
| 2010 | $6.6B | −$21.5M | #64 |
Analysis
Bermuda's gdp was $9.2B in 2024, a rise of +$654.4M from 2023.
Frequently Asked Questions
Bermuda's gdp was $9.2B in 2024. Ranked 49th globally. This represents a 7.6% increase from the previous year.
Bermuda's gdp peaked at $9.2B in 2024.
The lowest gdp in Bermuda was $72.4M in 1960.
Bermuda ranks 49th globally in gdp as of 2024.
The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.
Bermuda's gdp was approximately 9.23 billion ($9.2B) in 2024.
The gdp of Bermuda in 2024 was $9.2B. This ranks 49th in the world.
Cite this page
@misc{historysaid_bermuda_gdp,
title = {Bermuda GDP},
url = {https://historysaid.com/bermuda/gdp/},
publisher = {HistorySaid},
year = {2026}
}