Bermuda's industry, including construction, value added (constant LCU) was 380.83 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 15.25% from 330.43 million in 2014 (1.43% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 380.83 million | 2024 |
| Five years earlier | 428.55 million | 2019 |
| Ten years earlier | 330.43 million | 2014 |
| Highest | 458.19 million | 2010 |
| Lowest | 327.04 million | 2015 |
| Average since 2015 | 363.79 million | 2015–2024 |
| First recorded | 458.19 million |
What the numbers say
In 2024, Bermuda's industry, including construction, value added (constant LCU) rose 4.7% on 2023 (from 363.86 million to 380.83 million).
Across the 13 yearly changes before that (2011 to 2023), the average change was −1.4% and a typical year strayed about 8.8% from that (the standard deviation). This year's change was 0.7 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 15.6% in 2019 and the biggest yearly fall was 16.6% 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 24% 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 19th highest value of the 26 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
- Barbados — 16th of 26: 1.87 billion
- Solomon Islands — 17th of 26: 1.83 billion
- Bahamas, The — 18th of 26: 1.49 billion
- Cayman Islands — 20th of 26: 375.43 million
- Tonga — 21st of 26: 215.89 million
- Turks and Caicos Islands — 22nd of 26: 159.38 million
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.
All 15 values
| Year | Industry, including construction, value added (constant LCU) |
|---|---|
| 2024 | 380,829,000 |
| 2023 | 363,864,000 |
| 2022 | 377,795,000 |
| 2021 | 358,686,000 |
| 2020 | 357,561,000 |
| 2019 | 428,548,000 |
| 2018 | 370,574,000 |
| 2017 | 343,406,000 |
| 2016 | 329,621,000 |
| 2015 | 327,041,000 |
Industry, including construction, value added (constant LCU) in nearby economies
- Canada — 558.59 billion (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
Questions people ask
- What is Bermuda's industry, including construction, value added (constant LCU)?
- 380.83 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 16.88% from 458.19 million in 2010 (1.31% a year on average, compounded). The highest value was 458.19 million in 2010 and the lowest 327.04 million in 2015.
- How does Bermuda rank?
- 19th highest of 26 economies with data for 2024.
- Is the latest change in industry, including construction, value added (constant LCU) unusual for Bermuda?
- In 2024, Bermuda's industry, including construction, value added (constant LCU) rose 4.7% on 2023 (from 363.86 million to 380.83 million). Across the 13 yearly changes before that (2011 to 2023), the average change was −1.4% and a typical year strayed about 8.8% from that (the standard deviation). This year's change was 0.7 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 NV.IND.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in