Bermuda's discrepancy in expenditure estimate of GDP (current LCU) was 354.52 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 1,966% from 17.16 million in 2014 (35.37% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 354.52 million | 2024 |
| Five years earlier | -82.23 million | 2019 |
| Ten years earlier | 17.16 million | 2014 |
| Highest | 379.4 million | 2023 |
| Lowest | -310.88 million | 2011 |
| Average since 2015 | 146.45 million | 2015–2024 |
| First recorded | -110.8 million |
What the numbers say
In 2024, Bermuda's discrepancy in expenditure estimate of GDP (current LCU) fell 24.88 million on 2023 (from 379.4 million to 354.52 million).
Across the 13 yearly changes before that (2011 to 2023), the average change was +37.71 million and a typical year strayed about 183.85 million from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 331.05 million in 2020 and the biggest yearly fall was 289.03 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 41.24 million a year. A straight line explains 54% 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 2024, Bermuda had the 10th highest value of the 37 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 2024 ranking
- New Zealand — 7th of 37: 611 million
- Tajikistan — 8th of 37: 433.2 million
- Solomon Islands — 9th of 37: 355.17 million
- Bahrain — 11th of 37: 38.16 million
- Kiribati — 12th of 37: 1.75 million
- Cuba — 13th of 37: 1 million
What this measures
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 15 values
| Year | Discrepancy in expenditure estimate of GDP (current LCU) |
|---|---|
| 2024 | 354,516,000 |
| 2023 | 379,400,000 |
| 2022 | 64,637,000 |
| 2021 | 353,668,000 |
| 2020 | 248,825,000 |
| 2019 | -82,226,000 |
| 2018 | 49,322,000 |
| 2017 | 52,887,000 |
| 2016 | 23,277,000 |
| 2015 | 20,208,000 |
Discrepancy in expenditure estimate of GDP (current LCU) in nearby economies
- Canada — 118 million (2025)
- United States — 1 million (2024)
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
Questions people ask
- What is Bermuda's discrepancy in expenditure estimate of GDP (current LCU)?
- 354.52 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 419.97% from -110.8 million in 2010. The highest value was 379.4 million in 2023 and the lowest -310.88 million in 2011.
- How does Bermuda rank?
- 10th highest of 37 economies with data for 2024.
- Is the latest change in discrepancy in expenditure estimate of GDP (current LCU) unusual for Bermuda?
- In 2024, Bermuda's discrepancy in expenditure estimate of GDP (current LCU) fell 24.88 million on 2023 (from 379.4 million to 354.52 million). Across the 13 yearly changes before that (2011 to 2023), the average change was +37.71 million and a typical year strayed about 183.85 million from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.DISC.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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