GDP Growth Rate
Year -
2.11%
In 2024, Bermuda experienced a significant a decrease in its GDP growth rate, which fall to 2.11% from 4.92% in 2023. Additionally, the GDP per capita growth rate in Bermuda decrease to 2.2% in 2024, compared to 5% in 2023.
In 2024, Bermuda experienced a decrease in economic performance, with the GDP growth rate falling by 2.81%. Additionally, the GDP per capita growth rate decrease by 2.8%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 4.68% | 4.68% | 2.46% | 2.46% |
| 1962 | 4.47% | -0.21% | 1.83% | -0.63% |
| 1963 | 1.07% | -3.40% | -1.38% | -3.21% |
| 1964 | 11.11% | 10.04% | 8.55% | 9.93% |
| 1965 | 4.76% | -6.35% | 2.44% | -6.11% |
| 1966 | 14.36% | 9.60% | 11.84% | 9.40% |
| 1967 | 13.28% | -1.08% | 11.03% | -0.81% |
| 1968 | 2.11% | -11.17% | 0.3% | -10.73% |
| 1969 | 3.44% | 1.33% | 1.62% | 1.32% |
| 1970 | 6.31% | 2.87% | 4.64% | 3.02% |
| 1971 | 3.44% | -2.87% | 2.49% | -2.15% |
| 1972 | 1.81% | -1.63% | 1.43% | -1.06% |
| 1973 | 1.48% | -0.33% | 1.21% | -0.22% |
| 1974 | 0.88% | -0.60% | 0.67% | -0.54% |
| 1975 | 3.77% | 2.89% | 3.63% | 2.96% |
| 1976 | 8.94% | 5.17% | 8.77% | 5.14% |
| 1977 | 5.9% | -3.04% | 5.68% | -3.09% |
| 1978 | 1.45% | -4.45% | 1.25% | -4.43% |
| 1979 | 2.15% | 0.70% | 1.98% | 0.73% |
| 1980 | 7.94% | 5.79% | 7.63% | 5.65% |
| 1981 | 2.38% | -5.56% | 1.77% | -5.86% |
| 1982 | -5.29% | -7.67% | -5.96% | -7.73% |
| 1983 | 2.01% | 7.30% | 1.28% | 7.24% |
| 1984 | 0.48% | -1.53% | -0.23% | -1.51% |
| 1985 | -2% | -2.48% | -2.67% | -2.44% |
| 1986 | 6.67% | 8.67% | 6.01% | 8.68% |
| 1987 | 3.75% | -2.92% | 3.06% | -2.95% |
| 1988 | 4.06% | 0.31% | 3.26% | 0.20% |
| 1989 | 0.44% | -3.62% | -0.31% | -3.57% |
| 1990 | 0.02% | -0.42% | -0.73% | -0.42% |
| 1991 | -3.53% | -3.55% | -4.24% | -3.51% |
| 1992 | -0.06% | 3.47% | -0.78% | 3.46% |
| 1993 | 3.01% | 3.07% | 2.29% | 3.07% |
| 1994 | 0.6% | -2.41% | -0.04% | -2.33% |
| 1995 | 4.4% | 3.80% | 3.82% | 3.86% |
| 1996 | 2.6% | -1.80% | 2.11% | -1.71% |
| 1997 | 4.6% | 2.00% | 3.97% | 1.86% |
| 1998 | 3.9% | -0.70% | 3.11% | -0.86% |
| 1999 | 3.38% | -0.52% | 2.56% | -0.55% |
| 2000 | 9.32% | 5.94% | 8.56% | 6.00% |
| 2001 | 7.22% | -2.10% | 6.67% | -1.89% |
| 2002 | -1.48% | -8.70% | -1.91% | -8.58% |
| 2003 | 3.41% | 4.89% | 3.01% | 4.92% |
| 2004 | 2.32% | -1.09% | 2.04% | -0.97% |
| 2005 | 1.67% | -0.65% | 1.42% | -0.62% |
| 2006 | 5.54% | 3.87% | 5.34% | 3.92% |
| 2007 | 3.35% | -2.19% | 3.06% | -2.28% |
| 2008 | -1.87% | -5.22% | -2.32% | -5.38% |
| 2009 | -5.63% | -3.76% | -6.02% | -3.70% |
| 2010 | -2.5% | 3.13% | -2.75% | 3.27% |
| 2011 | -3.74% | -1.24% | -3.75% | -1.00% |
| 2012 | -5.31% | -1.57% | -5.18% | -1.43% |
| 2013 | -0.28% | 5.03% | -0.17% | 5.01% |
| 2014 | -3.7% | -3.42% | -3.63% | -3.46% |
| 2015 | 0.78% | 4.48% | 0.88% | 4.51% |
| 2016 | -0.66% | -1.44% | -0.63% | -1.51% |
| 2017 | 3.61% | 4.27% | 3.4% | 4.03% |
| 2018 | -0.43% | -4.04% | -0.83% | -4.23% |
| 2019 | 0.31% | 0.74% | -0.12% | 0.71% |
| 2020 | -6.83% | -7.14% | -7.23% | -7.11% |
| 2021 | 4.61% | 11.44% | 4.18% | 11.41% |
| 2022 | 6.48% | 1.87% | 6.31% | 2.13% |
| 2023 | 4.92% | -1.56% | 5% | -1.31% |
| 2024 | 2.11% | -2.81% | 2.2% | -2.80% |