Economic Policy & Debt · Bermuda
Yearly data from 1960 to 2024, from the World Bank.
Bermuda's GDP per capita (constant 2015 US$) was US$116,514 in 2024, the latest year in the World Bank's World Development Indicators. That is up 12.09% from US$103,942 in 2014 (1.15% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | US$116,514 | 2024 |
| Five years earlier | US$106,710 | 2019 |
| Ten years earlier | US$103,942 | 2014 |
| Highest | US$132,595 | 2007 |
| Lowest | US$39,906 | 1960 |
| Average since 2015 | US$107,248 | 2015–2024 |
| First recorded | US$39,906 | 1960 |
Over five years it is up 9.19% from US$106,710 in 2019 (1.77% a year on average, compounded). Since 1960 it is up 191.97% from US$39,906 in 1960 (1.69% a year on average, compounded).
In 2024, Bermuda's GDP per capita (constant 2015 US$) rose US$2,269 on 2023 (from US$114,245 to US$116,514).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$922.06 and a typical year strayed about US$4,307 from that (the standard deviation). This year's change was 0.3 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 US$8,635 in 2000 and the biggest yearly fall was US$7,863 in 2020. 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 US$998.1 a year. A straight line explains 34% 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.
In 2024, Bermuda had the 3rd 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.
| Value | Year | |
|---|---|---|
| Bermuda | US$116,514 | 2024 |
| World | US$12,131 | 2025 |
| North America | US$65,508 | 2025 |
| High income | US$42,653 | 2025 |
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
| Year | GDP per capita (constant 2015 US$) |
|---|---|
| 2024 | 116,514 |
| 2023 | 114,245 |
| 2022 | 109,412 |
| 2021 | 103,130 |
| 2020 | 98,846 |
| 2019 | 106,710 |
| 2018 | 106,843 |
| 2017 | 107,735 |
| 2016 | 104,191 |
| 2015 | 104,855 |
| 2014 | 103,942 |
| 2013 | 107,860 |
| 2012 | 108,041 |
| 2011 | 113,938 |
| 2010 | 118,383 |
| 2009 | 121,728 |
| 2008 | 129,525 |
| 2007 | 132,595 |
| 2006 | 128,663 |
| 2005 | 122,144 |
| 2004 | 120,432 |
| 2003 | 118,019 |
| 2002 | 114,574 |
| 2001 | 116,810 |
| 2000 | 109,503 |
| 1999 | 100,868 |
| 1998 | 98,348 |
| 1997 | 95,383 |
| 1996 | 91,743 |
| 1995 | 89,849 |
| 1994 | 86,546 |
| 1993 | 86,583 |
| 1992 | 84,643 |
| 1991 | 85,311 |
| 1990 | 89,090 |
| 1989 | 89,743 |
| 1988 | 90,024 |
| 1987 | 87,182 |
| 1986 | 84,596 |
| 1985 | 79,797 |
| 1984 | 81,987 |
| 1983 | 82,178 |
| 1982 | 81,137 |
| 1981 | 86,284 |
| 1980 | 84,786 |
| 1979 | 78,775 |
| 1978 | 77,243 |
| 1977 | 76,292 |
| 1976 | 72,195 |
| 1975 | 66,372 |
| 1974 | 64,050 |
| 1973 | 63,625 |
| 1972 | 62,865 |
| 1971 | 61,976 |
| 1970 | 60,471 |
| 1969 | 57,788 |
| 1968 | 56,868 |
| 1967 | 56,696 |
| 1966 | 51,062 |
| 1965 | 45,659 |
| 1964 | 44,571 |
| 1963 | 41,061 |
| 1962 | 41,637 |
| 1961 | 40,887 |
| 1960 | 39,906 |
Every indicator for Bermuda is on the Bermuda data page.
World Bank, World Development Indicators, indicator NY.GDP.PCAP.KD, 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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