Bermuda's gross fixed capital formation (current LCU) was 1.01 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 30.84% from 775.75 million in 2014 (2.72% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.01 billion | 2024 |
| Five years earlier | 1.09 billion | 2019 |
| Ten years earlier | 775.75 million | 2014 |
| Highest | 1.09 billion | 2019 |
| Lowest | 702.52 million | 2012 |
| Average since 2015 | 947.16 million | 2015–2024 |
| First recorded | 865.34 million |
What the numbers say
In 2024, Bermuda's gross fixed capital formation (current LCU) rose 5.2% on 2023 (from 964.76 million to 1.01 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +1.4% and a typical year strayed about 10.8% 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 13% in 2019 and the biggest yearly fall was 23% 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 22% 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.
How it compares
In 2024, Bermuda had the 34th highest value of the 38 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
- Fiji — 30th of 38: 2.72 billion
- Solomon Islands — 31st of 38: 2.61 billion
- Belize — 32nd of 38: 1.35 billion
- Timor-Leste — 34th of 38: 503.86 million
- Tonga — 35th of 38: 402 million
- Kiribati — 36th of 38: 150.99 million
What this measures
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 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 fixed capital formation (current LCU) |
|---|---|
| 2024 | 1,014,958,000 |
| 2023 | 964,762,000 |
| 2022 | 986,724,000 |
| 2021 | 940,628,000 |
| 2020 | 842,869,000 |
| 2019 | 1,094,851,000 |
| 2018 | 968,986,000 |
| 2017 | 983,043,000 |
| 2016 | 883,410,000 |
| 2015 | 791,397,000 |
| 2014 |
Gross fixed capital formation (current LCU) in nearby economies
- Canada — 742.83 billion (2025)
- United States — 6.26 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 fixed capital formation (current LCU)?
- 1.01 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 17.29% from 865.34 million in 2010 (1.15% a year on average, compounded). The highest value was 1.09 billion in 2019 and the lowest 702.52 million in 2012.
- How does Bermuda rank?
- 34th highest of 38 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current LCU) unusual for Bermuda?
- In 2024, Bermuda's gross fixed capital formation (current LCU) rose 5.2% on 2023 (from 964.76 million to 1.01 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +1.4% and a typical year strayed about 10.8% 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 NE.GDI.FTOT.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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