Bermuda Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Bermuda's gross savings was 43.04% in 2023, ranked 7th globally. This represents a 1.2% decrease from 2022. Data from World Bank, covering 2010–2023.
Overview
Bermuda's gross savings stood at 43.04% in 2023, a decline of +0.54% from 2022. Bermuda ranked 7th globally.
Bermuda's gross savings rate has experienced a notable increase over the past decade, with the all-time peak of 43.58 achieved in 2022. This represents a significant improvement from the 2011 trough of 36.95, a 19% increase in just over a decade. In comparison, Iraq's gross savings rate, which ranks closely to Bermuda's at 43.32, has experienced a similar trajectory, albeit with a more modest increase. The latest available data from the World Bank indicates a gross savings rate of 43.04 in 2023, underscoring the country's commitment to capital accumulation. This commitment is further underscored by the fact that Bermuda's gross savings rate has consistently ranked among the top ten globally since 2010. However, a decline in international investment opportunities or a shift in global economic conditions could potentially alter Bermuda's trajectory, potentially leading to a decrease in its gross savings rate.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2023 | 43.04% | −0.54% | #7 |
| 2022 | 43.58% | +1.61% | #11 |
| 2021 | 41.97% | +2.69% | #10 |
| 2020 | 39.28% | +0.83% | #10 |
| 2019 | 38.45% | −1.89% | #14 |
| 2018 | 40.34% | −0.14% | #12 |
| 2017 | 40.48% | +1.16% | #10 |
| 2016 | 39.32% | −0.63% | #7 |
| 2015 | 39.95% | +0.31% | #10 |
| 2014 | 39.63% | −0.42% | #15 |
| 2013 | 40.05% | +0.64% | #18 |
| 2012 | 39.41% | +2.46% | #22 |
| 2011 | 36.95% | −1.54% | #25 |
| 2010 | 38.49% | – | #20 |
Analysis
Bermuda's gross savings was 43.04% in 2023, a decline of −0.54% from 2022.
Frequently Asked Questions
Bermuda's gross savings was 43.04% in 2023. Ranked 7th globally. This represents a 1.2% decrease from the previous year.
Bermuda's gross savings peaked at 43.58% in 2022.
The lowest gross savings in Bermuda was 36.95% in 2011.
Bermuda ranks 7th globally in gross savings as of 2023.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Bermuda in 2023 was 43.04%. This ranks 7th in the world.
Cite this page
@misc{historysaid_bermuda_gross-savings,
title = {Bermuda Gross Savings},
url = {https://historysaid.com/bermuda/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}