Bermuda - Services
Services, value added (current US$)
The latest value for Services, value added (current US$) in Bermuda was $6,673,363,000 as of 2019. Over the past 9 years, the value for this indicator has fluctuated between $6,673,363,000 in 2019 and $5,665,332,000 in 2011.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2010 | $5,899,476,000 |
| 2011 | $5,665,332,000 |
| 2012 | $5,784,193,000 |
| 2013 | $5,823,723,000 |
| 2014 | $5,824,886,000 |
| 2015 | $6,016,445,000 |
| 2016 | $6,219,047,000 |
| 2017 | $6,407,248,000 |
| 2018 | $6,474,046,000 |
| 2019 | $6,673,363,000 |
Services, value added (current LCU)
The value for Services, value added (current LCU) in Bermuda was 6,673,363,000 as of 2019. As the graph below shows, over the past 9 years this indicator reached a maximum value of 6,673,363,000 in 2019 and a minimum value of 5,665,332,000 in 2011.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2010 | 5,899,476,000 |
| 2011 | 5,665,332,000 |
| 2012 | 5,784,193,000 |
| 2013 | 5,823,723,000 |
| 2014 | 5,824,886,000 |
| 2015 | 6,016,445,000 |
| 2016 | 6,219,047,000 |
| 2017 | 6,407,248,000 |
| 2018 | 6,474,046,000 |
| 2019 | 6,673,363,000 |
Services, value added (constant 2010 US$)
The latest value for Services, value added (constant 2010 US$) in Bermuda was 6,120,660,000 as of 2019. Over the past 9 years, the value for this indicator has fluctuated between 6,787,892,000 in 2010 and 5,966,326,000 in 2016.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2010 | 6,787,892,000 |
| 2011 | 6,557,929,000 |
| 2012 | 6,231,882,000 |
| 2013 | 6,216,087,000 |
| 2014 | 6,002,509,000 |
| 2015 | 6,016,445,000 |
| 2016 | 5,966,326,000 |
| 2017 | 6,179,645,000 |
| 2018 | 6,137,573,000 |
| 2019 | 6,120,660,000 |
Services, value added (annual % growth)
The value for Services, value added (annual % growth) in Bermuda was -0.28 as of 2019. As the graph below shows, over the past 8 years this indicator reached a maximum value of 3.58 in 2017 and a minimum value of -4.97 in 2012.
Definition: Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2011 | -3.39 |
| 2012 | -4.97 |
| 2013 | -0.25 |
| 2014 | -3.44 |
| 2015 | 0.23 |
| 2016 | -0.83 |
| 2017 | 3.58 |
| 2018 | -0.68 |
| 2019 | -0.28 |
Services, value added (constant LCU)
The value for Services, value added (constant LCU) in Bermuda was 5,734,320,000 as of 2019. As the graph below shows, over the past 9 years this indicator reached a maximum value of 6,359,436,000 in 2010 and a minimum value of 5,589,728,000 in 2016.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2010 | 6,359,436,000 |
| 2011 | 6,143,988,000 |
| 2012 | 5,838,521,000 |
| 2013 | 5,823,723,000 |
| 2014 | 5,623,627,000 |
| 2015 | 5,636,683,000 |
| 2016 | 5,589,728,000 |
| 2017 | 5,789,582,000 |
| 2018 | 5,750,165,000 |
| 2019 | 5,734,320,000 |
Services, value added (% of GDP)
Services, value added (% of GDP) in Bermuda was 89.17 as of 2019. Its highest value over the past 9 years was 90.82 in 2014, while its lowest value was 88.92 in 2010.
Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2010 | 88.92 |
| 2011 | 89.75 |
| 2012 | 90.69 |
| 2013 | 90.07 |
| 2014 | 90.82 |
| 2015 | 90.41 |
| 2016 | 90.13 |
| 2017 | 89.71 |
| 2018 | 89.61 |
| 2019 | 89.17 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
