Bermuda: economy and key statistics
Bermuda is number 153 in the 311 Nations Index, with a GDP of $9.2 billion in 2024. GDP per person is $142,250. The economy grew by 1.9% in 2024. The economy is 91% services, 5% industry, 0% agriculture.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Bermuda is number 173 in the 311 National Power Index, scoring 14.5 out of 100: economic 34, technology 0, military 0 and human capital 28.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $9.2 billion | 2024 |
| GDP (purchasing power) | $7.7 billion | 2024 |
| GDP per person | $142,250 | 2024 |
| Economic growth | +1.9% | 2024 |
| Population | 0.1 million | 2025 |
| Services share of GDP | 91% | 2024 |
| Industry share of GDP | 5% | 2024 |
| Manufacturing share of GDP | 0% | 2024 |
| Agriculture share of GDP | 0% | 2024 |
| Exports share of GDP | 55% | 2024 |
| Foreign direct investment | 1.3% of GDP | 2024 |
| High-tech share of manufactured exports | 14% | 2024 |
Main export industries
Bermuda exported goods worth about $0.1bn in 2024. Its biggest export industries:
- Aircraft, spacecraft: $0.0bn (40.9% of goods exports)
- Commodities not specified according to kind: $0.0bn (38.3% of goods exports)
- Machinery and mechanical appliances, boilers, nuclear reactors: $0.0bn (8.4% of goods exports)
- Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus: $0.0bn (3.4% of goods exports)
- Electrical machinery and equipment: $0.0bn (1.9% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in North America
- United States (#1)
- Canada (#10)
- Mexico (#14)
- Puerto Rico (US) (#65)
- Dominican Republic (#66)
- Guatemala (#68)
- Costa Rica (#74)
- Panama (#82)
- Honduras (#105)
- El Salvador (#109)
- Haiti (#112)
- Trinidad and Tobago (#122)
- Jamaica (#125)
- Nicaragua (#128)
- Bahamas (#142)
Questions and answers
How big is the economy of Bermuda?
Bermuda had a GDP of $9.2 billion in 2024, ranking number 153 in the 311 Nations Index.
What is GDP per person in Bermuda?
GDP per person in Bermuda was $142,250 in 2024.
How fast is the economy of Bermuda growing?
The economy of Bermuda grew by 1.9% in 2024.
Source: World Bank, World Development Indicators (CC BY 4.0).
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