Bermuda GDP Growth Rate (2026)
Bermuda has a high-income island economy centered on insurance, reinsurance, financial services, tourism, and international business. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.1%
Annual real GDP growth
World Rank
#151
Out of 218 economies
Change vs 2025
N/A
Previous-year data unavailable
North America Rank
#24
Out of 36 economies
1. Bermuda GDP Growth Rate in 2026
Bermudian economic growth is influenced by international insurance activity, financial services, tourism, and business investment. Global financial-market conditions remain especially important.
2. Bermuda GDP Growth Rate Trends (1961–2026)
Bermuda’s growth history has been shaped by its development as a major offshore insurance and financial center, alongside tourism and international business.
3. Bermuda GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.1% | +0.2 pp |
| 2024 | +1.9% | -2.4 pp |
| 2023 | +4.3% | -1.9 pp |
| 2022 | +6.3% | +1.5 pp |
| 2021 | +4.8% | +11.7 pp |
| 2020 | -7.0% | -7.3 pp |
| 2019 | +0.3% | +0.7 pp |
| 2018 | -0.4% | -4.0 pp |
| 2017 | +3.6% | +4.3 pp |
| 2016 | -0.7% | -1.4 pp |
| 2015 | +0.8% | +4.5 pp |
| 2014 | -3.7% | -3.4 pp |
| 2013 | -0.3% | +5.0 pp |
| 2012 | -5.3% | -1.6 pp |
| 2011 | -3.7% | -1.2 pp |
| 2010 | -2.5% | +3.1 pp |
| 2009 | -5.6% | -3.8 pp |
| 2008 | -1.9% | -5.2 pp |
| 2007 | +3.4% | -2.2 pp |
| 2006 | +5.5% | +3.9 pp |
| 2005 | +1.7% | -0.7 pp |
| 2004 | +2.3% | -1.1 pp |
| 2003 | +3.4% | +4.9 pp |
| 2002 | -1.5% | -8.7 pp |
| 2001 | +7.2% | -2.1 pp |
| 2000 | +9.3% | +5.9 pp |
| 1999 | +3.4% | -0.5 pp |
| 1998 | +3.9% | -0.7 pp |
| 1997 | +4.6% | +2.0 pp |
| 1996 | +2.6% | -1.8 pp |
| 1995 | +4.4% | +3.8 pp |
| 1994 | +0.6% | -2.4 pp |
| 1993 | +3.0% | +3.1 pp |
| 1992 | -0.1% | +3.5 pp |
| 1991 | -3.5% | -3.6 pp |
| 1990 | +0.0% | -0.4 pp |
| 1989 | +0.4% | -3.6 pp |
| 1988 | +4.1% | +0.3 pp |
| 1987 | +3.8% | -2.9 pp |
| 1986 | +6.7% | +8.7 pp |
| 1985 | -2.0% | -2.5 pp |
| 1984 | +0.5% | -1.5 pp |
| 1983 | +2.0% | +7.3 pp |
| 1982 | -5.3% | -7.7 pp |
| 1981 | +2.4% | -5.6 pp |
| 1980 | +7.9% | +5.8 pp |
| 1979 | +2.2% | +0.7 pp |
| 1978 | +1.5% | -4.5 pp |
| 1977 | +5.9% | -3.0 pp |
| 1976 | +8.9% | +5.2 pp |
| 1975 | +3.8% | +2.9 pp |
| 1974 | +0.9% | -0.6 pp |
| 1973 | +1.5% | -0.3 pp |
| 1972 | +1.8% | -1.6 pp |
| 1971 | +3.4% | -2.9 pp |
| 1970 | +6.3% | +2.9 pp |
| 1969 | +3.4% | +1.3 pp |
| 1968 | +2.1% | -11.2 pp |
| 1967 | +13.3% | -1.1 pp |
| 1966 | +14.4% | +9.6 pp |
| 1965 | +4.8% | -6.4 pp |
| 1964 | +11.1% | +10.0 pp |
| 1963 | +1.1% | -3.4 pp |
| 1962 | +4.5% | -0.2 pp |
| 1961 | +4.7% | — |
4. Bermuda GDP Growth Performance
Current Growth Rate
+2.1%
(2026 to 2026)
5-Year Average
+3.6%
(2022 to 2026)
10-Year Average
+1.8%
(2017 to 2026)
20-Year Average
-0.2%
(2007 to 2026)
The economy benefits from globally important insurance and reinsurance industries, while its small domestic market makes external business activity particularly influential.
5. Bermuda GDP Growth Rate vs North America and World
Bermuda
+2.1%
North America Average
+2.5%
World Average
+2.9%
0.0%
1.5%
2.9%
Annual real GDP growth (%)
Bermuda’s GDP growth rate is approximately
0.3 pp
below the
North America average
and
0.8 pp
below the world average.
6. Bermuda GDP Growth Rate Ranking in North America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #20 | Barbados | +2.5% |
| #21 | United States | +2.3% |
| #22 | Aruba | +2.3% |
| #23 | Belize | +2.2% |
| #24 | Bermuda | +2.1% |
| #25 | Bahamas | +2.1% |
| #26 | Saint Kitts & Nevis | +2.0% |
| #27 | Saint Lucia | +2.0% |
| #28 | Mexico | +1.6% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Bermuda
Bermuda GDP (Nominal)
$9.0 Billion
(2026)
Bermuda GDP Growth Rate
+2.1%
(2026)
Bermuda’s growth profile differs from most Caribbean economies because financial services dominate rather than tourism or agriculture.
Explore more:
Bermuda GDP
9. Bermuda GDP Growth Rate Forecast
The outlook depends on global insurance markets, financial services, investment, and tourism. Regulatory changes and financial volatility remain key risks.
Forecast data is currently unavailable for
Bermuda.
10. Bermuda GDP Growth Rate: Key Findings
Bermuda GDP growth rate is estimated at +2.1% in 2026.
It ranks #151 globally and #24 in North America by annual GDP growth rate.
The 5-year average GDP growth rate is +3.6%.
The 10-year average GDP growth rate is +1.8%.
The current rate is 0.3 percentage points below the North America average.
The current rate is 0.8 percentage points below the world average.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Bermuda GDP Growth Rate FAQs
Bermuda GDP growth rate is estimated at +2.1% in 2026.
Bermuda ranks #151 globally and #24 in North America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.1% in 2026.
Bermuda GDP growth rate was +0.8% in 2015.
Bermuda GDP growth rate is 0.3 percentage points below the North America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.