Economic Policy & Debt · Bermuda
Yearly data from 2014 to 2024, from the World Bank.
Bermuda's gross fixed capital formation (constant LCU) was 850.3 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 11.56% from 762.21 million in 2014 (1.1% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | 850.3 million | 2024 |
| Five years earlier | 1.05 billion | 2019 |
| Ten years earlier | 762.21 million | 2014 |
| Highest | 1.05 billion | 2019 |
| Lowest | 762.21 million | 2014 |
| Average since 2015 | 878.34 million | 2015–2024 |
| First recorded | 762.21 million | 2014 |
Over five years it is down 19.08% from 1.05 billion in 2019 (4.15% a year on average, compounded). Since 2014 it is up 11.56% from 762.21 million in 2014 (1.1% a year on average, compounded).
In 2024, Bermuda's gross fixed capital formation (constant LCU) rose 3.3% on 2023 (from 823 million to 850.3 million).
Across the 9 yearly changes before that (2015 to 2023), the average change was +1.5% and a typical year strayed about 11.9% from that (the standard deviation). This year's change was 0.1 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 15.5% in 2016 and the biggest yearly fall was 24.7% 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 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
In 2024, Bermuda had the 26th highest value of the 31 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.
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.
| Year | Gross fixed capital formation (constant LCU) |
|---|---|
| 2024 | 850,300,000 |
| 2023 | 823,000,000 |
| 2022 | 840,200,000 |
| 2021 | 868,100,000 |
| 2020 | 791,500,000 |
| 2019 | 1,050,800,000 |
| 2018 | 940,679,900 |
| 2017 | 956,533,800 |
| 2016 | 890,763,600 |
| 2015 | 771,554,900 |
| 2014 | 762,212,600 |
Every indicator for Bermuda is on the Bermuda data page.
World Bank, World Development Indicators, indicator NE.GDI.FTOT.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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