Value Added (Manufacture of food and beverages) — Annual growth in Bermuda
Bermuda: Value Added (Manufacture of food and beverages) — Annual growth was -3.23 % in 2020. ◆ Volatile
Value Added (Manufacture of food and beverages) — Annual growth in Bermuda, 1997–2020
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2020, value added (manufacture of food and beverages) — annual growth in Bermuda stood at -3.23 %.
Compared with earlier readings it is down 113.4% on the previous year and up 76.2% over ten years.
Over the whole period, value added (manufacture of food and beverages) — annual growth in Bermuda peaked at 24.05 % in 2019 and was at its lowest, -33.16 %, in 2013.
Bermuda ranks 35th of 42 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Manufacture of food and beverages) — Annual growth in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 4.69 % | — |
| 1998 | 7.46 % | +59.2% |
| 1999 | 2.67 % | -64.3% |
| 2000 | 2.7 % | +1.4% |
| 2001 | -7.49 % | -377.3% |
| 2002 | -2.81 % | -62.5% |
| 2003 | -4.9 % | +74.4% |
| 2004 | -3.68 % | -25.0% |
| 2005 | -0.97 % | -73.6% |
| 2006 | -2.7 % | +178.1% |
| 2007 | -7.16 % | +165.4% |
| 2008 | -10.28 % | +43.7% |
| 2009 | -6.75 % | -34.4% |
| 2010 | -13.59 % | +101.5% |
| 2011 | -8.59 % | -36.8% |
| 2012 | -16.72 % | +94.8% |
| 2013 | -33.16 % | +98.3% |
| 2014 | 9.13 % | -127.5% |
| 2015 | -1.59 % | -117.4% |
| 2016 | 11.97 % | -852.7% |
| 2017 | 15.45 % | +29.2% |
| 2018 | -14.63 % | -194.6% |
| 2019 | 24.05 % | -264.4% |
| 2020 | -3.23 % | -113.4% |
Bermuda compared with similar countries
- Bermuda's -3.23 % is below the median for high income countries, which is 3.4 %. (11 countries reporting)
Biggest year-on-year movements
Years where Value Added (Manufacture of food and beverages) — Annual growth 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 |
|---|---|---|---|
| 2016 | +852.7% | -1.59 % | 11.97 % |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.94 % | 2.67 % | 7.46 % | 3 |
| 2000s | -4.4 % | -10.28 % | 2.7 % | 10 |
| 2010s | -2.77 % | -33.16 % | 24.05 % | 10 |
| 2020s | -3.23 % | -3.23 % | -3.23 % | 1 |
Countries ranked near Bermuda
More agriculture & rural data for Bermuda
- Agriculture, forestry, and fishing, value added (current US$), annual -0.8174 % change on previous year (2024)
- Agriculture as a share of GDP vs. GDP per capita 0.2% (2024)
- Share of GDP from agriculture 0.2% (2024)
- Agricultural raw materials exports 0.0% (2024)
- Agricultural raw materials imports 0.6% (2024)
- Rural population 0.0% (2025)
- Rural population 0 (2025)
- Agriculture, forestry, and fishing, value added 0.2% (2024)
- Agriculture, forestry, and fishing, value added 16.38 million current US$ (2024)
- Rural population, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is value added (manufacture of food and beverages) — annual growth in Bermuda?
- Value added (manufacture of food and beverages) — annual growth in Bermuda was -3.23 % in 2020, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (manufacture of food and beverages) — annual growth recorded in Bermuda?
- The highest recorded value was 24.05 % in 2019.
- What is the lowest value added (manufacture of food and beverages) — annual growth recorded in Bermuda?
- The lowest recorded value was -33.16 % in 2013.
- How does Bermuda rank for value added (manufacture of food and beverages) — annual growth?
- Bermuda ranks 35th out of 42 countries with data for 2020.
- Is value added (manufacture of food and beverages) — annual growth rising or falling in Bermuda?
- Over the last ten years it is up 76.2%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Manufacture of food and beverages) — Annual growth Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).