Bermuda’s Department of Statistics has released its 2025 Annual Gross Domestic Product report, showing that the economy grew 1.0% in real terms to BMD 7.2 billion, its fifth consecutive year of expansion. Nominal gross domestic product (GDP) increased 6.5% to approximately BMD 9.85 billion, exceeding the Ministry of Finance’s growth estimate of 2.5% to 3%. Growth moderated compared with recent years, with 11 of 19 industrial groups recording real increases. Financial and insurance activities led growth, expanding 2.8% and adding BMD 26.1 million in real output. International business remained the largest contributor to GDP, accounting for approximately 29% of total output, and grew 0.8% in real terms. Construction and quarrying expanded 5.9%, following 9.1% growth in 2024. These gains contrasted with weaker performance in accommodation and food services, which contracted 5.6%, reducing real output by BMD 15.9 million. Education, utilities and waste management, and manufacturing also declined.
Bermuda’s Department of Statistics reports 1.0% real GDP growth in 2025, marking five consecutive years of expansion
Bermuda’s Department of Statistics reported real GDP growth of 1.0% in 2025 to BMD 7.2 billion, extending economic expansion to five consecutive years. Nominal growth reached 6.5%, above the Ministry of Finance’s 2.5% to 3% estimate. Financial and insurance activities led growth, while international business and construction also expanded, contrasting with a 5.6% contraction in accommodation and food services.