Bermuda: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 92.53
 Year 2021
 Measure percent
 Data availability 2010 - 2021
 Average 90.18
 Min - Max 88.92 - 92.53
 Source The World Bank
For that indicator, we provide data for Bermuda from 2010 to 2021. The average value for Bermuda during that period was 90.18 percent with a minimum of 88.92 percent in 2010 and a maximum of 92.53 percent in 2021. The latest value from 2021 is 92.53 percent. For comparison, the world average in 2021 based on 175 countries is 55.34 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Bermuda - Share of services - recent values

Historical chart
Bermuda - Share of services - historical chart - 2010-2021

The importance of services in the economy of Bermuda and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.
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.

 Related indicators Latest value Reference Measure
 Share of industry 5.41 2021 percent
 Share of manufacturing 0.35 2021 percent
 Share of services 92.53 2021 percent
 Industry value added 0.39 2021 billion U.S. dollars
 Manufacturing value added 0.03 2021 billion U.S. dollars
 Services value added 6.59 2021 billion U.S. dollars
 Savings, percent of GDP 40.74 2021 percent
 Savings, in dollars 2.90 2021 billion U.S. dollars
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