Bermuda: GDP deflator, linked series (base year varies by country)

Key figures

What the numbers say

In 2024, Bermuda's GDP deflator, linked series (base year varies by country) rose 4.9% on 2023 (from 123.43 to 129.48).

Across the 30 yearly changes before that (1994 to 2023), the average change was +3.7% and a typical year strayed about 5.6% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 29.4% in 1996 and the biggest yearly fall was 4.2% in 2000. 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 2.05 a year. A straight line explains 86% 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.

A straight-line projection, tested first

Extending that straight line gives about 131.61 for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 2.91, against 7.1 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Bermuda had the 5th highest value of the 13 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

• Cuba — 2nd of 13: 2,140
• Faroe Islands — 3rd of 13: 135.45
• Curaçao — 4th of 13: 133.65
• Cayman Islands — 6th of 13: 123.6
• French Polynesia — 7th of 13: 121.97
• Aruba — 8th of 13: 117.52

What this measures

The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed as a ratio (a÷b).

All 35 values

GDP deflator, linked series (base year varies by country) in nearby economies

• Canada — 124.4 (2025)
• United States — 122.36 (2025)

More financial sector data for Bermuda

• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Official exchange rate (LCU per US$, period average) — US$1 (2025)
• GDP deflator (base year varies by country) — 129.48 (2024)
• Inflation, GDP deflator (annual % growth) — 4.9% (2024)
• Inflation, GDP deflator, linked series (annual % growth) — 4.9% (2024)
• Listed domestic companies, total — 9 (2025)
• Stocks traded, total value (current US$) — US$9.76 million (2025)
• Stocks traded, total value (% of GDP) — 0.12% (2024)
• Market capitalization of listed domestic companies (current US$) — US$2.26 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Bermuda's GDP deflator, linked series (base year varies by country)?

129.48 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 246.46% from 37.37 in 1990 (3.72% a year on average, compounded). The highest value was 129.48 in 2024 and the lowest 37.37 in 1990.

Source

World Bank, World Development Indicators, indicator NY.GDP.DEFL.ZS.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) 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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