Net primary income in Bermuda
Bermuda: Net primary income was 2.21 billion BoP, current US$ in 2023. ▲ Rising
Net primary income in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net primary income in Bermuda is 2.21 billion BoP, current US$, measured in 2023. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 2.1% on the previous year and up 46.2% over ten years.
Over the whole period, net primary income in Bermuda peaked at 2.21 billion BoP, current US$ in 2023 and was at its lowest, 1.33 billion BoP, current US$, in 2011.
Bermuda ranks 16th of 199 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.66 billion BoP, current US$ | 1.40 billion BoP, current US$ | 1.92 billion BoP, current US$ | 4 |
| 2010s | 1.57 billion BoP, current US$ | 1.33 billion BoP, current US$ | 1.79 billion BoP, current US$ | 10 |
| 2020s | 2.03 billion BoP, current US$ | 1.77 billion BoP, current US$ | 2.21 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Exports of goods and services 11.0% (2024)
- Gross national expenditure 6.07 billion current LCU (2024)
- Gross national expenditure 4.88 billion constant 2015 US$ (2024)
- Services, value added 8.40 billion current US$ (2024)
- Gross national expenditure 66.1% (2024)
- Exports of goods and services 5.07 billion current US$ (2024)
- Exports of goods and services 5.07 billion current LCU (2024)
- Exports of goods and services 3.99 billion constant 2015 US$ (2024)
- Gross fixed capital formation 872.17 million constant 2015 US$ (2024)
- Gross fixed capital formation 1.01 billion current LCU (2024)
Frequently asked questions
- What is net primary income in Bermuda?
- Net primary income in Bermuda was 2.21 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net primary income recorded in Bermuda?
- The highest recorded value was 2.21 billion BoP, current US$ in 2023.
- What is the lowest net primary income recorded in Bermuda?
- The lowest recorded value was 1.33 billion BoP, current US$ in 2011.
- How does Bermuda rank for net primary income?
- Bermuda ranks 16th out of 199 countries with data for 2023.
- Is net primary income rising or falling in Bermuda?
- Over the last ten years it is up 46.2%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net primary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.