Bermuda's Ministry of Finance has published its fourth quarter 2025 GDP and economic performance update, showing that the economy expanded for a second consecutive quarter. Real GDP rose 0.1 percent after inflation and nominal GDP increased 3.2 percent in the quarter. The release also revised earlier 2025 real GDP estimates upward, with first-quarter growth raised to 1.5 percent, the second-quarter decline narrowed to 0.2 percent, and third-quarter growth lifted to 11.8 percent. Other indicators showed consumer spending increased 0.4 percent year over year, led by services, while spending on durable and non-durable goods declined. Employment income was 6.5 percent above 2024 levels, with gains across most major industries, while government consumption fell 3.8 percent. Gross capital formation rose 5.3 percent, reflecting higher construction and machinery and equipment investment, and the balance of payments recorded a larger surplus with the rest of the world year over year even as the goods account deficit widened. The local business register declined year over year to 3,673, with 38 new local businesses registered in the quarter. The government said its focus over the coming months will be on executing national entrepreneurship and fintech strategies, progressing cooperative legislation, and developing a digital economy strategy.

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