Bermuda leads in GDP per capita

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Bermuda has once again topped the table of countries with the highest gross domestic product per capita, according to official figures released yesterday.

The Island generated $5.85 billion of wealth in 2007, which works out at $91,477 per person.

The latest Department of Statistics report, based on 2007 figures, shows that Bermuda's GDP — its total output of goods and services — rose by 9.4 percent last year. The previous year saw record growth of 10.3 percent.


Bermuda has once again topped the table of countries with the highest gross domestic product per capita, according to official figures released yesterday.

The Island generated $5.85 billion of wealth in 2007, which works out at $91,477 per person.

The latest Department of Statistics report, based on 2007 figures, shows that Bermuda's GDP — its total output of goods and services — rose by 9.4 percent last year. The previous year saw record growth of 10.3 percent.

The GDP per capita for the Island of $91,477 puts it ahead of Qatar at $87,600 and Luxembourg at $79,400, according to 2007 estimates on the CIA World Factbook.

GDP per capita — based on a country's gross domestic product divided by its population — is used worldwide as an indicator of standard of living.

Bermuda's GDP per capita compares to $45,800 for the US, $38,600 for Canada and $35,000 for the UK.

The Department of Statistics report said the expansion of international business and strong growth in financial intermediation services boosted growth, giving a GDP at the end of 2007 in current dollars of $5.85 billion.

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