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$, in 2022.
Bermuda ranks 154th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Net secondary income in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | -6.82 million BoP, current US$ | — |
| 2007 | -54.16 million BoP, current US$ | +694.1% |
| 2008 | -116.07 million BoP, current US$ | +114.3% |
| 2009 | -127.94 million BoP, current US$ | +10.2% |
| 2010 | -137.80 million BoP, current US$ | +7.7% |
| 2011 | -130.98 million BoP, current US$ | -5.0% |
| 2012 | -138.45 million BoP, current US$ | +5.7% |
| 2013 | -156.38 million BoP, current US$ | +12.9% |
| 2014 | -149.85 million BoP, current US$ | -4.2% |
| 2015 | -165.67 million BoP, current US$ | +10.6% |
| 2016 | -177.31 million BoP, current US$ | +7.0% |
| 2017 | -200.48 million BoP, current US$ | +13.1% |
| 2018 | -173.28 million BoP, current US$ | -13.6% |
| 2019 | -184.28 million BoP, current US$ | +6.3% |
| 2020 | -220.58 million BoP, current US$ | +19.7% |
| 2021 | -206.14 million BoP, current US$ | -6.5% |
| 2022 | -222.29 million BoP, current US$ | +7.8% |
| 2023 | -190.41 million BoP, current US$ | -14.3% |
Bermuda compared with similar countries
- Bermuda's -190.41 million BoP, current US$ is above the median for high income countries, which is -442.19 million BoP, current US$, 43% of the median. (72 countries reporting)
Biggest year-on-year movements
Years where Net secondary income in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | -694.1% | -6.82 million BoP, current US$ | -54.16 million BoP, current US$ |
| 2008 | -114.3% | -54.16 million BoP, current US$ | -116.07 million BoP, current US$ |
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
- 151 Antigua and Barbuda -105.78 million BoP, current US$ compare
- 152 Cote d'Ivoire -107.93 million BoP, current US$ compare
- 153 Kazakhstan -168.39 million BoP, current US$ compare
- 155 Panama -222.33 million BoP, current US$ compare
- 156 Cyprus -386.29 million BoP, current US$ compare
- 157 Angola -399.46 million BoP, current US$ compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is net secondary income in Bermuda?
- Net secondary income in Bermuda was -190.41 million BoP, current US$ 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 154th out of 200 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.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.