Bermuda: GDP per capita (constant LCU)

Key figures

What the numbers say

In 2024, Bermuda's GDP per capita (constant LCU) rose 2,139 on 2023 (from 107,724 to 109,864).

Across the 30 yearly changes before that (1994 to 2023), the average change was +869.44 and a typical year strayed about 4,061 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 8,142 in 2000 and the biggest yearly fall was 7,415 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 941.14 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.

How it compares

In 2024, Bermuda had the 8th highest value of the 14 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

• Faroe Islands — 4th of 14: 377,557
• Monaco — 5th of 14: 237,372
• United Arab Emirates — 6th of 14: 161,699
• Cayman Islands — 8th of 14: 70,318
• Aruba — 9th of 14: 58,778
• Bahamas, The — 10th of 14: 35,159

What this measures

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 varies by country. This series is expressed in local currency units.

All 65 values

GDP per capita (constant LCU) in nearby economies

• Canada — 62,597 (2025)
• United States — 73,574 (2025)

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$116,514 (2024)
• GDP (annual % growth) — 1.89% (2024)
• GDP per capita (annual % growth) — 1.99% (2024)
• Adjusted savings, education expenditure (% of GNI) — 1.43% (2021)
• Adjusted savings, carbon dioxide damage (current US$)

Reading data like this

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Questions people ask

What is Bermuda's GDP per capita (constant LCU)?

109,864 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 191.97% from 37,628 in 1960 (1.69% a year on average, compounded). The highest value was 125,028 in 2007 and the lowest 37,628 in 1960.

How does Bermuda rank?

8th highest of 14 economies with data for 2024.

Is the latest change in GDP per capita (constant LCU) unusual for Bermuda?

In 2024, Bermuda's GDP per capita (constant LCU) rose 2,139 on 2023 (from 107,724 to 109,864). Across the 30 yearly changes before that (1994 to 2023), the average change was +869.44 and a typical year strayed about 4,061 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.

Source

World Bank, World Development Indicators, indicator NY.GDP.PCAP.KN, 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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