Net secondary income in Bermuda
Bermuda: Net secondary income was -190.41 million BoP, current US$ in 2023. ▼ Falling
Net secondary income in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net secondary income in Bermuda stood at -190.41 million BoP, current US$.
Compared with earlier readings it is up 14.3% on the previous year and down 21.8% over ten years.
Over the whole period, net secondary income in Bermuda peaked at -6.82 million BoP, current US$ in 2006 and was at its lowest, -222.29 million BoP, current US$, in 2022.
Bermuda ranks 153rd of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -76.25 million BoP, current US$ | -127.94 million BoP, current US$ | -6.82 million BoP, current US$ | 4 |
| 2010s | -161.45 million BoP, current US$ | -200.48 million BoP, current US$ | -130.98 million BoP, current US$ | 10 |
| 2020s | -209.86 million BoP, current US$ | -222.29 million BoP, current US$ | -190.41 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 150 Antigua and Barbuda -105.78 million BoP, current US$ compare
- 151 Cote d'Ivoire -107.93 million BoP, current US$ compare
- 152 Kazakhstan -168.39 million BoP, current US$ compare
- 154 Panama -222.33 million BoP, current US$ compare
- 155 Cyprus -386.29 million BoP, current US$ compare
- 156 Angola -399.46 million BoP, current US$ compare
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 secondary income in Bermuda?
- Net secondary income in Bermuda was -190.41 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Bermuda?
- The highest recorded value was -6.82 million BoP, current US$ in 2006.
- What is the lowest net secondary income recorded in Bermuda?
- The lowest recorded value was -222.29 million BoP, current US$ in 2022.
- How does Bermuda rank for net secondary income?
- Bermuda ranks 153rd out of 199 countries with data for 2023.
- Is net secondary income rising or falling in Bermuda?
- Over the last ten years it is down 21.8%. The long-run trend across the full record is falling.
- 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 secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.