Inflation, GDP deflator: linked series (annual %) in Bermuda
Bermuda: Inflation, GDP deflator: linked series (annual %) was 4.9% in 2024. ◆ Volatile
Inflation, GDP deflator: linked series in Bermuda, 1990–2024
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
Bermuda recorded 4.9% for inflation, gdp deflator: linked series in 2024.
Compared with earlier readings it is down 20.2% on the previous year and up 62.8% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Bermuda peaked at 29.4% in 1996 and was at its lowest, -4.2%, in 2000.
That places Bermuda 66th out of 214 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series (annual %) in Bermuda, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 6.0% | — |
| 1991 | 6.4% | +6.6% |
| 1992 | 2.8% | -56.2% |
| 1993 | 5.2% | +84.7% |
| 1994 | 2.0% | -62.3% |
| 1995 | 4.2% | +113.2% |
| 1996 | 29.4% | +602.8% |
| 1997 | 4.0% | -86.3% |
| 1998 | 2.7% | -31.9% |
| 1999 | 2.7% | -1.1% |
| 2000 | -4.2% | -256.2% |
| 2001 | -1.4% | -67.7% |
| 2002 | 8.6% | -726.7% |
| 2003 | 2.8% | -67.1% |
| 2004 | 4.7% | +66.1% |
| 2005 | 6.8% | +44.1% |
| 2006 | 5.4% | -20.5% |
| 2007 | 6.6% | +22.3% |
| 2008 | 5.1% | -22.3% |
| 2009 | 1.0% | -79.6% |
| 2010 | 2.2% | +114.3% |
| 2011 | -1.2% | -151.5% |
| 2012 | 6.7% | -681.8% |
| 2013 | 1.7% | -75.3% |
| 2014 | 3.0% | +81.7% |
| 2015 | 3.0% | -2.0% |
| 2016 | 4.4% | +48.1% |
| 2017 | -0.1% | -102.2% |
| 2018 | 1.6% | -1798.9% |
| 2019 | 2.4% | +50.1% |
| 2020 | -0.3% | -111.1% |
| 2021 | 1.0% | -484.0% |
| 2022 | 0.3% | -72.8% |
| 2023 | 6.1% | +2091.2% |
| 2024 | 4.9% | -20.2% |
Bermuda compared with similar countries
- Bermuda's 4.9% is above the median for high income countries, which is 2.6%, 1.9× the median. (82 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series (annual %) in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +2091.2% | 0.3% | 6.1% |
| 2018 | +1798.9% | -0.1% | 1.6% |
| 2002 | +726.7% | -1.4% | 8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.5% | 2.0% | 29.4% | 10 |
| 2000s | 3.5% | -4.2% | 8.6% | 10 |
| 2010s | 2.4% | -1.2% | 6.7% | 10 |
| 2020s | 2.4% | -0.3% | 6.1% | 5 |
Countries ranked near Bermuda
- 63 United States Virgin Islands 5.0% compare
- 64 Solomon Islands 5.0% compare
- 65 Saint Vincent and the Grenadines 4.9% compare
- 67 Russia 4.9% compare
- 68 Jamaica 4.8% compare
- 69 Tajikistan 4.8% compare
More financial sector data for Bermuda
- Net migration, annual growth rate 60 % change on previous year (2025)
- Net migration -2 (2025)
- Official exchange rate 1 LCU per US$, period average (2025)
- GDP deflator: linked series 129.48 base year varies by country (2024)
- GDP deflator: linked series (base year varies by country), annual 4.9 % change on previous year (2024)
- Reserve assets 211.49 million US dollar (2023)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Total assets, Adjusted using IMF accounting records 15.85 billion US dollar (2023)
- Reserve assets (Assets, Positions, US dollar), annual growth rate -3.04 % change on previous year (2023)
- Reserve assets, Adjusted using IMF accounting records 211.49 million US dollar (2023)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Bermuda?
- Inflation, gdp deflator: linked series in Bermuda was 4.9% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Bermuda?
- The highest recorded value was 29.4% in 1996.
- What is the lowest inflation, gdp deflator: linked series recorded in Bermuda?
- The lowest recorded value was -4.2% in 2000.
- How does Bermuda rank for inflation, gdp deflator: linked series?
- Bermuda ranks 66th out of 214 countries with data for 2024.
- Is inflation, gdp deflator: linked series rising or falling in Bermuda?
- Over the last ten years it is up 62.8%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.