Personal remittances, received in Bermuda
Bermuda: Personal remittances, received was 2.04 billion current US$ in 2023. ▲ Rising
Personal remittances, received in Bermuda, 2006–2023
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2023, personal remittances, received in Bermuda stood at 2.04 billion current US$. That is the highest value across all 18 years on record.
That represents a change of up 16.0% on the previous year and up 66.2% over ten years.
Over the whole period, personal remittances, received in Bermuda peaked at 2.04 billion current US$ in 2023 and was at its lowest, 1.18 billion current US$, in 2011.
Bermuda ranks 69th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.34 billion current US$ | 1.18 billion current US$ | 1.45 billion current US$ | 4 |
| 2010s | 1.36 billion current US$ | 1.18 billion current US$ | 1.55 billion current US$ | 10 |
| 2020s | 1.75 billion current US$ | 1.57 billion current US$ | 2.04 billion current US$ | 4 |
Countries ranked near Bermuda
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, received in Bermuda?
- Personal remittances, received in Bermuda was 2.04 billion current US$ in 2023, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Bermuda?
- The highest recorded value was 2.04 billion current US$ in 2023.
- What is the lowest personal remittances, received recorded in Bermuda?
- The lowest recorded value was 1.18 billion current US$ in 2011.
- How does Bermuda rank for personal remittances, received?
- Bermuda ranks 69th out of 196 countries with data for 2023.
- Is personal remittances, received rising or falling in Bermuda?
- Over the last ten years it is up 66.2%. The long-run trend across the full record is rising.
- 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, received (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.