Bermuda: Adjusted savings, carbon dioxide damage (current US$)

Key figures

What the numbers say

In 2021, Bermuda's adjusted savings, carbon dioxide damage (current US$) rose 18.9% on 2020 (from US$31.11 million to US$37 million).

Across the 30 yearly changes before that (1991 to 2020), the average change was +5.5% and a typical year strayed about 13.3% from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 56% in 1987 and the biggest yearly fall was 26.2% in 1990. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 there is no clear straight-line trend: a straight line explains 26% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Bermuda had the 173rd highest value of the 208 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Bermuda in the 2021 ranking

• Sierra Leone — 170th of 208: US$41.38 million
• Burundi — 171st of 208: US$38.48 million
• Faroe Islands — 172nd of 208: US$37.91 million
• Lesotho — 174th of 208: US$33.3 million
• Cayman Islands — 175th of 208: US$32.69 million
• Somalia, Fed. Rep. — 176th of 208: US$31.65 million

What this measures

Cost of damage due to carbon dioxide emissions from fossil fuel use and the manufacture of cement, estimated to be US$40 per ton of CO2 (the unit damage in 2017 US dollars for CO2 emitted in 2020) times the number of tons of CO2 emitted. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 52 values

Adjusted savings, carbon dioxide damage (current US$) in nearby economies

• Canada — US$25.3 billion (2021)
• United States — US$210.32 billion (2021)

More economic policy & debt data for Bermuda

• GDP (current US$) — US$9.19 billion (2024)
• GDP (current LCU) — 9.19 billion (2024)
• GDP (constant 2015 US$) — US$7.53 billion (2024)
• GDP (constant LCU) — 7.1 billion (2024)
• GDP per capita (current US$) — US$142,250 (2024)
• GDP per capita (current LCU) — 142,250 (2024)
• GDP per capita (constant 2015 US$) — US$116,514 (2024)
• GDP per capita (constant LCU) — 109,864 (2024)
• GDP (annual % growth) — 1.89% (2024)
• GDP per capita (annual % growth) — 1.99% (2024)
• Adjusted savings, education expenditure (% of GNI)

Reading data like this

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Questions people ask

What is Bermuda's adjusted savings, carbon dioxide damage (current US$)?

US$37 million in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 3,177% from US$1.13 million in 1970 (7.08% a year on average, compounded). The highest value was US$39.05 million in 2016 and the lowest US$1.13 million in 1970.

How does Bermuda rank?

173rd highest of 208 economies with data for 2021.

Is the latest change in adjusted savings, carbon dioxide damage (current US$) unusual for Bermuda?

In 2021, Bermuda's adjusted savings, carbon dioxide damage (current US$) rose 18.9% on 2020 (from US$31.11 million to US$37 million). Across the 30 yearly changes before that (1991 to 2020), the average change was +5.5% and a typical year strayed about 13.3% from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NY.ADJ.DCO2.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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