Bermuda
BMUNorth AmericaHigh incomeCapital: Hamilton▶About Bermuda
with a population of 64,636. Key indicators include life expectancy of 82.3 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
Located in North America, this high-income economy benefits from a robust financial services sector and significant trade openness, with trade accounting for 75.3% of GDP in 2024. The economy is characterized by a strong per capita income, with a GNI per capita of approximately $145,000 in 2024. Foreign Direct Investment (FDI) inflows, while present, constitute a smaller portion of the economy at 1.3% of GDP. The capital, Hamilton, serves as a key hub for international business and financial activities, contributing to the overall economic stability and growth. The territory has a small population of 64,636 as of 2024, with a high life expectancy at birth of 82.3 years in 2023. The fertility rate stands at 1.4 births per woman, reflecting broader demographic trends. The society places a strong emphasis on education and healthcare, with notable investments in public health infrastructure. These factors contribute to a high standard of living and overall well-being among its residents.
▶Economy21 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| GNI (Current USD) | $9.59B | 2024 | ▲ 9.6% | WB |
| GNI per Capita (USD) | $145,150 | 2024 | ▲ 7.9% | WB |
| GNI per Capita, PPP (USD) | $129,110 | 2024 | ▲ 10.6% | WB |
| Industry Value Added (% of GDP) | 4.6% | 2023 | ▼ 12.9% | WB |
| Services Value Added (% of GDP) | 91.5% | 2023 | ▲ 1.0% | WB |
| Agriculture Value Added (% of GDP) | 0.2% | 2023 | ▼ 11.9% | WB |
| Government Consumption (% of GDP) | 11.0% | 2024 | ▼ 3.0% | WB |
| Household Consumption (% of GDP) | 43.8% | 2024 | ▼ 3.7% | WB |
| Gross Capital Formation (% of GDP) | 10.9% | 2024 | ▼ 2.3% | WB |
| Gross Savings (% of GNI) | 43.0% | 2023 | ▼ 1.2% | WB |
| GDP Deflator (%) | 1.6% | 2024 | ▼ 59.4% | WB |
| Manufacturing Value Added (% of GDP) | 0.3% | 2023 | ▼ 6.8% | WB |
| Medium/High-Tech Manufacturing (% of total) | 7.7% | 2022 | ▲ 0.0% | WB |
| External Balance on Goods & Services (% of GDP) | 29.0% | 2024 | ▲ 7.9% | WB |
| Coal Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Mineral Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Oil Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Natural Gas Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Total Natural Resources Rents (% of GDP) | 0.0% | 2021 | — | WB |
| Forest Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Industry Value Added (Current USD) | $398.0M | 2023 | ▼ 5.1% | WB |
▶Fiscal & Monetary2 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Official Exchange Rate (per USD) | 1 | 2024 | ▲ 0.0% | WB |
| PPP Conversion Factor | 1.15 | 2024 | ▼ 0.8% | WB |
▶Trade15 indicators · 2023–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Trade (% of GDP) | 75.3% | 2024 | ▲ 2.3% | WB |
| Exports of Goods & Services (% of GDP) | 52.1% | 2024 | ▲ 3.8% | WB |
| Imports of Goods & Services (% of GDP) | 23.1% | 2024 | ▼ 0.9% | WB |
| Exports of Goods & Services (USD) | $4.81B | 2024 | ▲ 11.7% | WB |
| Imports of Goods & Services (USD) | $2.14B | 2024 | ▲ 6.6% | WB |
| Merchandise Exports (USD) | $68.0M | 2024 | ▲ 209.1% | WB |
| Merchandise Imports (USD) | $1.27B | 2024 | ▲ 7.8% | WB |
| FDI Inflows (% of GDP) | 1.3% | 2024 | ▼ 27.4% | WB |
| FDI Outflows (% of GDP) | 0.4% | 2024 | ▼ 14.6% | WB |
| FDI Net Inflows (USD) | $117.8M | 2024 | ▼ 21.9% | WB |
| Personal Remittances Received (USD) | $2.35B | 2024 | ▲ 15.3% | WB |
| Personal Remittances Received (% of GDP) | 25.4% | 2024 | ▲ 7.1% | WB |
| High-Tech Exports (% of manufactured) | 14.3% | 2024 | ▼ 4.3% | WB |
| Current Account Balance (% of GDP) | 15.4% | 2023 | ▲ 6.8% | WB |
| Current Account Balance (USD) | $1.32B | 2023 | ▲ 16.3% | WB |
▶Finance4 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Stock Market Capitalization (% of GDP) | 20.9% | 2024 | ▲ 834.4% | WB |
| Stock Market Capitalization (USD) | $1.93B | 2024 | ▲ 905.7% | WB |
| Stock Market Turnover (% of GDP) | 0.1% | 2024 | ▼ 46.6% | WB |
| Listed Domestic Companies | 10 | 2024 | ▲ 0.0% | WB |
▶People23 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Population | 64,636 | 2024 | ▼ 0.1% | WB |
| Population Growth (%) | -0.1% | 2024 | ▼ 21.7% | WB |
| Population Density (per km²) | 1,198 | 2023 | ▼ 0.1% | WB |
| Surface Area (sq km) | 4,290 | 2023 | ▲ 0.0% | WB |
| Land Area (sq km) | 54 | 2023 | ▲ 0.0% | WB |
| Urban Population (%) | 100.0% | 2024 | ▲ 0.0% | WB |
| Urban Population (total) | 64,636 | 2024 | ▼ 0.1% | WB |
| Rural Population (%) | 0.0% | 2024 | — | WB |
| Life Expectancy at Birth | 82.3 years | 2023 | ▲ 0.3% | WB |
| Life Expectancy, Male | 78.9 years | 2023 | ▲ 0.4% | WB |
| Life Expectancy, Female | 85.7 years | 2023 | ▲ 0.2% | WB |
| Fertility Rate (births per woman) | 1.4 | 2023 | ▲ 0.3% | WB |
| Birth Rate (per 1,000) | 8 | 2023 | ▼ 1.7% | WB |
| Death Rate (per 1,000) | 8.9 | 2023 | ▲ 1.0% | WB |
| Net Migration | -2 | 2025 | ▲ 60.0% | WB |
| Population Ages 0–14 (%) | 13.6% | 2024 | ▼ 2.0% | WB |
| Population Ages 15–64 (%) | 64.6% | 2024 | ▼ 0.9% | WB |
| Population Ages 65+ (%) | 21.7% | 2024 | ▲ 4.0% | WB |
| Age Dependency Ratio (%) | 54.7% | 2024 | ▲ 2.5% | WB |
| Old-Age Dependency Ratio (%) | 33.6% | 2024 | ▲ 4.9% | WB |
| Youth Dependency Ratio (%) | 21.0% | 2024 | ▼ 1.1% | WB |
| Mortality Rate, Adult Male (per 1,000) | 83.8 | 2023 | ▼ 3.2% | WB |
| Mortality Rate, Adult Female (per 1,000) | 46.7 | 2023 | ▼ 0.4% | WB |
▶Labor1 indicator · 2010 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| NEET Youth (% not in education/employment) | 6.8% | 2010 | — | WB |
▶Education15 indicators · 2005–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Education Spending (% of GDP) | 1.9% | 2023 | ▲ 5.0% | WB |
| Education Spending (% of govt expenditure) | 7.8% | 2017 | ▼ 13.8% | WB |
| Primary School Enrollment (%) | 92.9% | 2023 | ▼ 9.6% | WB |
| Secondary School Enrollment (%) | 74.4% | 2023 | ▼ 14.3% | WB |
| Tertiary School Enrollment (%) | 17.3% | 2023 | ▼ 22.4% | WB |
| Primary Completion Rate (%) | 102.2% | 2015 | — | WB |
| Lower Secondary Completion Rate (%) | 96.1% | 2015 | — | WB |
| Primary School Teachers | 420 | 2016 | ▲ 5.5% | WB |
| Secondary School Teachers | 672 | 2016 | ▲ 5.3% | WB |
| Pupil-Teacher Ratio, Primary | 10 | 2015 | — | WB |
| Pupil-Teacher Ratio, Secondary | 6 | 2015 | — | WB |
| Expenditure per Student, Primary (% of GDP/cap) | 32.2% | 2017 | ▲ 4.8% | WB |
| Pupil-Teacher Ratio (Primary) | 84.2 | 2005 | — | WB |
| Education Spending, Secondary (% of govt) | 44.4% | 2017 | — | WB |
| Education Spending, Tertiary (% of govt) | 17.0% | 2017 | — | WB |
▶Health1 indicator · 2024 · WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Tuberculosis Incidence (per 100,000) | 3 | 2024 | ▲ 0.0% | WHO |
▶Energy & Environment12 indicators · 2020–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| CO₂ Emissions (tonnes per capita) | 4.1 | 2024 | ▲ 3.6% | WB |
| CO₂ Emissions (total kilotonnes) | 0 | 2024 | ▲ 3.5% | WB |
| Renewable Energy Consumption (%) | 0.9% | 2022 | ▲ 0.0% | WB |
| Access to Electricity (%) | 100.0% | 2023 | ▲ 0.0% | WB |
| PM2.5 Air Pollution (µg/m³) | 7.3 | 2020 | ▲ 1.8% | WB |
| Forest Area (%) | 18.5% | 2023 | ▲ 0.0% | WB |
| Forest Area (sq km) | 10 | 2023 | ▲ 0.0% | WB |
| Arable Land (%) | 5.6% | 2023 | ▲ 0.0% | WB |
| Terrestrial Protected Areas (%) | 0.0% | 2024 | — | WB |
| Marine Protected Areas (%) | 0.0% | 2024 | — | WB |
| Access to Basic Drinking Water (%) | 100.0% | 2024 | ▲ 0.0% | WHO |
| Access to Basic Sanitation (%) | 99.9% | 2024 | ▲ 0.0% | WHO |
▶Agriculture3 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Agricultural Land (%) | 5.6% | 2023 | ▲ 0.0% | WB |
| Total Fisheries Production (metric tonnes) | 395 | 2023 | ▲ 0.8% | WB |
| Fertilizer Consumption (kg per hectare) | 160 | 2023 | ▲ 166.7% | WB |
▶Technology8 indicators · 2017–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Internet Users (%) | 98.4% | 2017 | ▲ 0.4% | WB |
| Mobile Subscriptions (per 100 people) | 105 | 2022 | ▲ 0.1% | WB |
| Fixed Broadband Subscriptions (per 100) | 35.6 | 2022 | ▲ 0.0% | WB |
| Secure Internet Servers (per million) | 4,347.4 | 2024 | ▼ 24.0% | WB |
| R&D Spending (% of GDP) | 0.23% | 2020 | ▼ 14.8% | WB |
| High-Technology Exports (USD) | $5.9M | 2024 | ▲ 228.4% | WB |
| ICT Service Exports (% of service exports) | 2.5% | 2023 | ▼ 19.4% | WB |
| ICT Service Exports (USD) | $40.2M | 2023 | ▼ 9.1% | WB |
▶Infrastructure1 indicator · 2019 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Container Port Traffic (TEU) | 4,006 | 2019 | ▼ 9.7% | WB |
▶Gender5 indicators · 2015–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Girls Out-of-School Rate (%) | 65.7% | 2015 | — | WB |
| Adolescent Fertility Rate (per 1,000) | 1.5 | 2023 | ▼ 4.2% | WB |
| Gender Parity Index, Primary | 70.75 | 2015 | — | WB |
| Gender Parity Index, Secondary | 1.12 | 2015 | — | WB |
| Gender Parity in Primary Education | 0.98 | 2015 | — | WB |
▶Governance9 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Control of Corruption | 1.25 | 2023 | ▼ 1.5% | WB |
| Government Effectiveness | 1.2 | 2023 | ▼ 1.5% | WB |
| Political Stability | 1.02 | 2023 | ▼ 0.4% | WB |
| Regulatory Quality | 0.93 | 2023 | ▼ 4.2% | WB |
| Rule of Law | 0.68 | 2023 | ▼ 1.3% | WB |
| Control of Corruption (percentile rank) | 87.7% | 2023 | ▼ 1.1% | WB |
| Government Effectiveness (percentile rank) | 87.3% | 2023 | ▲ 3.4% | WB |
| Rule of Law (percentile rank) | 75.0% | 2023 | ▲ 1.3% | WB |
| Political Stability (percentile rank) | 86.7% | 2023 | ▲ 2.7% | WB |
▶Military1 indicator · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Intentional Homicides (per 100,000) | 6.2 | 2023 | ▼ 55.5% | WB |
▶Tourism4 indicators · 2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| International Tourism, Arrivals | 51,400 | 2020 | ▼ 93.6% | WB |
| Tourism Receipts (USD) | $94.0M | 2020 | ▼ 84.4% | WB |
| Tourism Expenditures (USD) | $212.0M | 2020 | ▼ 38.0% | WB |
| Tourism Receipts (% of total exports) | 9.1% | 2020 | ▼ 75.6% | WB |
▶Urban Development2 indicators · 2022–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Urban Population Growth (%) | -0.1% | 2024 | ▼ 21.7% | WB |
| Population in Slums (% of urban) | 0.1% | 2022 | ▼ 22.4% | WB |