Bermuda: Adjusted savings, net national savings (current US$)

Key figures

What the numbers say

In 2021, Bermuda's adjusted savings, net national savings (current US$) rose 18.1% on 2020 (from US$2.35 billion to US$2.78 billion).

Across the 10 yearly changes before that (2011 to 2020), the average change was +0.8% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 2.8 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 18.1% in 2021 and the biggest yearly fall was 10.3% in 2011. 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 the straight-line trend is upward, about US$51.9 million a year. A straight line explains 70% of the movement over 10 observed years.

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 83rd highest value of the 132 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

• Jamaica — 80th of 132: US$4.08 billion
• Serbia — 81st of 132: US$3.92 billion
• Mauritania — 82nd of 132: US$3.09 billion
• Malta — 84th of 132: US$2.64 billion
• Haiti — 85th of 132: US$1.97 billion
• Jordan — 86th of 132: US$1.86 billion

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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 12 values

Adjusted savings, net national savings (current US$) in nearby economies

• Canada — US$130.08 billion (2021)
• United States — US$388.42 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, net national savings (current US$)?

US$2.78 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 26.31% from US$2.2 billion in 2010 (2.15% a year on average, compounded). The highest value was US$2.78 billion in 2021 and the lowest US$1.97 billion in 2011.

How does Bermuda rank?

83rd highest of 132 economies with data for 2021.

Is the latest change in adjusted savings, net national savings (current US$) unusual for Bermuda?

In 2021, Bermuda's adjusted savings, net national savings (current US$) rose 18.1% on 2020 (from US$2.35 billion to US$2.78 billion). Across the 10 yearly changes before that (2011 to 2020), the average change was +0.8% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 2.8 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.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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