Bermuda: GDP per capita (current LCU)

Key figures

What the numbers say

In 2024, Bermuda's GDP per capita (current LCU) rose 9,289 on 2023 (from 132,962 to 142,250).

Across the 30 yearly changes before that (1994 to 2023), the average change was +3,400 and a typical year strayed about 5,441 from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 20,153 in 2006 and the biggest yearly fall was 8,821 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 3,237 a year. A straight line explains 68% 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 15 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

• Monaco — 5th of 15: 266,082
• Liechtenstein — 6th of 15: 193,844
• United Arab Emirates — 7th of 15: 184,629
• Cuba — 9th of 15: 98,794
• Cayman Islands — 10th of 15: 86,910
• Aruba — 11th of 15: 69,077

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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 65 values

GDP per capita (current LCU) in nearby economies

• Canada — 77,871 (2025)
• United States — 90,027 (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$142,250 (2024)
• GDP per capita (constant 2015 US$) — US$116,514 (2024)
• GDP per capita (constant LCU) — 109,864 (2024)
• GDP (annual % growth) — 1.89% (2024)
• GDP per capita (annual % growth) — 1.99% (2024)
• Adjusted savings, education expenditure (% of GNI) — 1.43% (2021)
• Adjusted savings, carbon dioxide damage (current US$)

Reading data like this

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Questions people ask

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

142,250 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 8,193% from 1,715 in 1960 (7.15% a year on average, compounded). The highest value was 142,250 in 2024 and the lowest 1,715 in 1960.

How does Bermuda rank?

8th highest of 15 economies with data for 2024.

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

In 2024, Bermuda's GDP per capita (current LCU) rose 9,289 on 2023 (from 132,962 to 142,250). Across the 30 yearly changes before that (1994 to 2023), the average change was +3,400 and a typical year strayed about 5,441 from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

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