Bermuda: Households and NPISHs Final consumption expenditure, PPP (current international $)

Key figures

What the numbers say

In 2021, Bermuda's households and NPISHs Final consumption expenditure, PPP (current international $) rose 9.1% on 2020 (from 2.18 billion to 2.38 billion).

Across the 9 yearly changes before that (2012 to 2020), the average change was +2.8% and a typical year strayed about 3.7% from that (the standard deviation). This year's change was 1.7 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 9.1% in 2021 and the biggest yearly fall was 4.7% 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 2012 to 2021 the straight-line trend is upward, about 69.64 million a year. A straight line explains 92% 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 2021, Bermuda had the 7th highest value of the 10 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 2021 ranking

• Congo, Dem. Rep. — 3rd of 10: 65.54 billion
• Zimbabwe — 4th of 10: 53.46 billion
• Guam — 5th of 10: 3.44 billion
• Aruba — 7th of 10: 2.11 billion
• Northern Mariana Islands — 8th of 10: 764.81 million
• American Samoa — 9th of 10: 666.34 million

What this measures

This indicator provides values for final consumption expenditure expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 11 values

Households and NPISHs Final consumption expenditure, PPP (current international $) in nearby economies

• Canada — 1.44 trillion (2025)
• United States — 20.93 trillion (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 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

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Questions people ask

What is Bermuda's households and NPISHs Final consumption expenditure, PPP (current international $)?

2.38 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is up 39.12% from 1.71 billion in 2011 (3.36% a year on average, compounded). The highest value was 2.38 billion in 2021 and the lowest 1.71 billion in 2011.

How does Bermuda rank?

7th highest of 10 economies with data for 2021.

Is the latest change in households and NPISHs Final consumption expenditure, PPP (current international $) unusual for Bermuda?

Source

World Bank, World Development Indicators, indicator NE.CON.PRVT.PP.CD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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