Primary income payments in Bermuda
Bermuda: Primary income payments was 550.10 million BoP, current US$ in 2023. ▼ Falling
Primary income payments in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bermuda recorded 550.10 million BoP, current US$ for primary income payments in 2023.
The figure is up 214.0% on the previous year and down 33.3% over ten years.
Over the whole period, primary income payments in Bermuda peaked at 824.55 million BoP, current US$ in 2013 and was at its lowest, 175.18 million BoP, current US$, in 2022.
That places Bermuda 134th out of 199 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 444.62 million BoP, current US$ | 322.76 million BoP, current US$ | 573.34 million BoP, current US$ | 4 |
| 2010s | 360.07 million BoP, current US$ | 256.44 million BoP, current US$ | 824.55 million BoP, current US$ | 10 |
| 2020s | 294.22 million BoP, current US$ | 175.18 million BoP, current US$ | 550.10 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 131 Iran 604.00 million BoP, current US$ compare
- 132 Botswana 564.76 million BoP, current US$ compare
- 133 South Sudan 558.91 million BoP, current US$ compare
- 135 Benin 533.30 million BoP, current US$ compare
- 136 Montenegro 530.27 million BoP, current US$ compare
- 137 Brunei 513.40 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 primary income payments in Bermuda?
- Primary income payments in Bermuda was 550.10 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Bermuda?
- The highest recorded value was 824.55 million BoP, current US$ in 2013.
- What is the lowest primary income payments recorded in Bermuda?
- The lowest recorded value was 175.18 million BoP, current US$ in 2022.
- How does Bermuda rank for primary income payments?
- Bermuda ranks 134th out of 199 countries with data for 2023.
- Is primary income payments rising or falling in Bermuda?
- Over the last ten years it is down 33.3%. 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 Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).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.