Personal remittances, paid in Bermuda
Bermuda: Personal remittances, paid was 176.18 million current US$ in 2023. ▼ Falling
Personal remittances, paid in Bermuda, 2006–2023
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Bermuda recorded 176.18 million current US$ for personal remittances, paid in 2023.
That represents a change of up 2.5% on the previous year and down 19.5% over ten years.
Over the whole period, personal remittances, paid in Bermuda peaked at 238.62 million current US$ in 2010 and was at its lowest, 159.41 million current US$, in 2021.
Bermuda ranks 116th of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 188.25 million current US$ | 171.58 million current US$ | 212.56 million current US$ | 4 |
| 2010s | 212.95 million current US$ | 186.97 million current US$ | 238.62 million current US$ | 10 |
| 2020s | 172.67 million current US$ | 159.41 million current US$ | 183.20 million current US$ | 4 |
Countries ranked near Bermuda
- 113 Mongolia 187.47 million current US$ compare
- 114 Guyana 181.34 million current US$ compare
- 115 Myanmar 178.87 million current US$ compare
- 117 Bosnia and Herzegovina 175.62 million current US$ compare
- 118 South Sudan 169.77 million current US$ compare
- 119 Sri Lanka 166.05 million current US$ compare
More economy & growth data for Bermuda
- Exports of goods and services 3.99 billion constant 2015 US$ (2024)
- Gross national expenditure 6.07 billion current US$ (2024)
- Gross national expenditure 6.07 billion current LCU (2024)
- Gross national expenditure 4.88 billion constant 2015 US$ (2024)
- Industry (including construction), value added 4.9% (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)
- Gross fixed capital formation 1.01 billion current LCU (2024)
- Gross fixed capital formation 1.01 billion current US$ (2024)
Frequently asked questions
- What is personal remittances, paid in Bermuda?
- Personal remittances, paid in Bermuda was 176.18 million current US$ in 2023, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, paid recorded in Bermuda?
- The highest recorded value was 238.62 million current US$ in 2010.
- What is the lowest personal remittances, paid recorded in Bermuda?
- The lowest recorded value was 159.41 million current US$ in 2021.
- How does Bermuda rank for personal remittances, paid?
- Bermuda ranks 116th out of 195 countries with data for 2023.
- Is personal remittances, paid rising or falling in Bermuda?
- Over the last ten years it is down 19.5%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, paid (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.