Figures show Bermuda's GDP fell 1.4% in 2012

GDP = $5.5 billion, down 1.4 per cent in 2012

In 2012, Gross Domestic Product (GDP), which measures the total value of goods and services produced in Bermuda, fell by 1.4 per cent. Continued job losses and business closures adversely affected production, leading to the fourth consecutive year of negative growth. Ten of the fifteen industries experienced lower economic activity, with the strongest impacts felt in the manufacturing, construction and electricity generation industries. Overall, the decline in economic growth translated into a 1.6 per cent fall in GDP per capita which was measured at $84,381 per person in 2012.