Bermuda's gross domestic savings (current LCU) was 4.14 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 68.94% from 2.45 billion in 2014 (5.38% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.14 billion | 2024 |
| Five years earlier | 2.94 billion | 2019 |
| Ten years earlier | 2.45 billion | 2014 |
| Highest | 4.14 billion | 2024 |
| Lowest | 2.3 billion | 2011 |
| Average since 2015 | 3.03 billion | 2015–2024 |
| First recorded | 2.55 billion |
What the numbers say
In 2024, Bermuda's gross domestic savings (current LCU) rose 10.5% on 2023 (from 3.74 billion to 4.14 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +3.3% and a typical year strayed about 9% from that (the standard deviation). This year's change was 0.8 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 28.3% in 2023 and the biggest yearly fall was 9.6% in 2011. 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 133.24 million a year. A straight line explains 65% 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 23rd highest value of the 36 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 — 19th of 36: 8.81 billion
- Bahrain — 20th of 36: 8.18 billion
- Vanuatu — 21st of 36: 5.26 billion
- Bahamas, The — 23rd of 36: 3.61 billion
- Aruba — 24th of 36: 2.46 billion
- Fiji — 25th of 36: 1.45 billion
What this measures
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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 | Gross domestic savings (current LCU) |
|---|---|
| 2024 | 4,135,826,000 |
| 2023 | 3,742,036,000 |
| 2022 | 2,915,640,000 |
| 2021 | 2,961,758,000 |
| 2020 | 2,722,586,000 |
| 2019 | 2,937,288,000 |
| 2018 | 2,853,926,000 |
| 2017 | 2,798,930,000 |
| 2016 | 2,694,468,000 |
| 2015 | 2,584,786,000 |
Gross domestic savings (current LCU) in nearby economies
- Canada — 723.69 billion (2025)
- United States — 5.41 trillion (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 gross domestic savings (current LCU)?
- 4.14 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 62.47% from 2.55 billion in 2010 (3.53% a year on average, compounded). The highest value was 4.14 billion in 2024 and the lowest 2.3 billion in 2011.
- How does Bermuda rank?
- 23rd highest of 36 economies with data for 2024.
- Is the latest change in gross domestic savings (current LCU) unusual for Bermuda?
- In 2024, Bermuda's gross domestic savings (current LCU) rose 10.5% on 2023 (from 3.74 billion to 4.14 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +3.3% and a typical year strayed about 9% from that (the standard deviation). This year's change was 0.8 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.GDS.TOTL.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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