Bermuda - GDP per capita (current US$) 1960 - 2022
Bermuda's gdp per capita (current us$) is currently $118,845.62 USD (United States dollar) according to the most recent World Bank data for the country (2022).
Definition
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.- Bermuda's gdp per capita (current us$) for 2022 was $118,845.62, a 6.33% increase from 2021, with a +$7,070 difference.
- In 2021 it was $111,774.67, a 3.69% increase from 2020, with a +$3,982 difference.
- In 2020 it was $107,791.89, a -7.20% increase from 2019.
- In 2019 it was $116,153.17, a 2.74% increase from 2018.
- In 2018 it was $113,050.74, a 1.10% increase from 2017.
Measure: Estimated Value
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$), value for Bermuda is currently $44,934.41 (average of years with recorded data) with a lowest recorded value of $1,902.40 in 1960 and a highest value of $118,845.62 in 2022.For comparison, the world wide [World Bank] aggregate for 1960 was $456.83 and in 2022 it was $12,647.48. Essentially, in 1960, Bermuda contributed 416.44% to the world wide aggregate. While in 2022 it contributed 939.68% to the aggregate, recording a 125.65% increase in amounts contributed within the 62-year period. Nonetheless, the country recorded a 6,147.13% increase in gdp per capita (current us$) within the same period.
Bermuda's GDP per capita (current US$) - Historical Data
| Year | GDP per capita (current US$) | Average Growth Rate (%) |
|---|---|---|
| 1960 | $1,902.40 | |
| 1961 | $1,961.54 | 3.11% |
| 1962 | $2,020.39 | 3.00% |
| 1963 | $2,020.27 | -0.01% |
| 1964 | $2,199.73 | 8.88% |
| 1965 | $2,282.22 | 3.75% |
| 1966 | $2,630.85 | 15.28% |
| 1967 | $2,982.75 | 13.38% |
| 1968 | $2,830.19 | -5.11% |
| 1969 | $3,053.70 | 7.90% |
| 1970 | $3,387.27 | 10.92% |
| 1971 | $3,866.30 | 14.14% |
| 1972 | $4,343.17 | 12.33% |
| 1973 | $5,009.29 | 15.34% |
| 1974 | $5,853.93 | 16.86% |
| 1975 | $6,509.43 | 11.20% |
| 1976 | $7,261.28 | 11.55% |
| 1977 | $8,370.79 | 15.28% |
| 1978 | $8,876.87 | 6.05% |
| 1979 | $9,613.38 | 8.30% |
| 1980 | $11,218.22 | 16.69% |
| 1981 | $13,425.98 | 19.68% |
| 1982 | $14,166.17 | 5.51% |
| 1983 | $15,902.02 | 12.25% |
| 1984 | $17,469.83 | 9.86% |
| 1985 | $18,269.54 | 4.58% |
| 1986 | $20,450.66 | 11.94% |
| 1987 | $22,411.80 | 9.59% |
| 1988 | $24,253.18 | 8.22% |
| 1989 | $25,517.92 | 5.21% |
| 1990 | $26,841.52 | 5.19% |
| 1991 | $27,700.31 | 3.20% |
| 1992 | $28,669.68 | 3.50% |
| 1993 | $30,900.69 | 7.78% |
| 1994 | $31,476.06 | 1.86% |
| 1995 | $33,989.72 | 7.99% |
| 1996 | $44,826.79 | 31.88% |
| 1997 | $48,478.88 | 8.15% |
| 1998 | $51,371.74 | 5.97% |
| 1999 | $54,245.46 | 5.59% |
| 2000 | $56,284.17 | 3.76% |
| 2001 | $58,883.96 | 4.62% |
| 2002 | $62,583.10 | 6.28% |
| 2003 | $66,111.73 | 5.64% |
| 2004 | $70,359.32 | 6.42% |
| 2005 | $75,882.03 | 7.85% |
| 2006 | $95,221.86 | 25.49% |
| 2007 | $104,287.39 | 9.52% |
| 2008 | $106,935.49 | 2.54% |
| 2009 | $101,407.76 | -5.17% |
| 2010 | $101,875.28 | 0.46% |
| 2011 | $97,774.16 | -4.03% |
| 2012 | $98,431.87 | 0.67% |
| 2013 | $99,471.64 | 1.06% |
| 2014 | $98,467.68 | -1.01% |
| 2015 | $102,005.63 | 3.59% |
| 2016 | $106,885.88 | 4.78% |
| 2017 | $111,820.58 | 4.62% |
| 2018 | $113,050.74 | 1.10% |
| 2019 | $116,153.17 | 2.74% |
| 2020 | $107,791.89 | -7.20% |
| 2021 | $111,774.67 | 3.69% |
| 2022 | $118,845.62 | 6.33% |
Expand
Comparison with Countries in the North America Region.
Among countries in the same World Bank North America (NA) region, Bermuda comes in 1st with $118,846.00 gdp per capita (current us$).
- Within the same region, United States comes in 2nd with $76,398.60, gdp per capita (current us$).
- And Canada comes in 3rd with $54,966.50, gdp per capita (current us$).
GDP per capita (current US$), Top 3 Countries in the North America Region.
Top 3 Countries in the North America Region.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Bermuda | $118,846.00 | 2022 |
| 2 | United States | $76,398.60 | 2022 |
| 3 | Canada | $54,966.50 | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Bermuda comes in 4th with $118,846.00 gdp per capita (current us$).
- Within the same income group, Monaco comes in 1st with $234,317.00, gdp per capita (current us$).
- Liechtenstein comes in 2nd with $184,083.00.
- Luxembourg comes in 3rd with $126,426.00.
- Norway comes in 5th with $106,149.00.
- Ireland comes in 6th with $104,039.00.
- Switzerland comes in 7th with $92,101.50.
- Cayman Islands comes in 8th with $88,475.60.
- Qatar comes in 9th with $88,046.30.
- Singapore comes in 10th with $82,807.60.
- Isle of Man comes in 11th with $79,530.60.
- United States comes in 12th with $76,398.60.
- Iceland comes in 13th with $72,903.00.
- And Faroe Islands comes in 14th with $69,010.20, gdp per capita (current us$).
GDP per capita (current US$), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Monaco | $234,317.00 | 2021 |
| 2 | Liechtenstein | $184,083.00 | 2021 |
| 3 | Luxembourg | $126,426.00 | 2022 |
| 4 | Bermuda | $118,846.00 | 2022 |
| 5 | Norway | $106,149.00 | 2022 |
| 6 | Ireland | $104,039.00 | 2022 |
| 7 | Switzerland | $92,101.50 | 2022 |
| 8 | Cayman Islands | $88,475.60 | 2021 |
| 9 | Qatar | $88,046.30 | 2022 |
| 10 | Singapore | $82,807.60 | 2022 |
| 11 | Isle of Man | $79,530.60 | 2020 |
| 12 | United States | $76,398.60 | 2022 |
| 13 | Iceland | $72,903.00 | 2022 |
| 14 | Faroe Islands | $69,010.20 | 2021 |