Net secondary income (Net current transfers from abroad) in Bermuda
Bermuda: Net secondary income (Net current transfers from abroad) was -229.00 million current LCU in 2024. ▼ Falling
Net secondary income (Net current transfers from abroad) in Bermuda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, net secondary income (net current transfers from abroad) in Bermuda stood at -229.00 million current LCU. That is the lowest value across all 15 years on record.
That represents a change of down 20.3% on the previous year and down 29.3% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Bermuda peaked at -164.68 million current LCU in 2010 and was at its lowest, -229.00 million current LCU, in 2024.
That places Bermuda 153rd out of 203 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Net secondary income (Net current transfers from abroad) in Bermuda, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | -164.68 million current LCU | — |
| 2011 | -170.59 million current LCU | +3.6% |
| 2012 | -182.50 million current LCU | +7.0% |
| 2013 | -191.07 million current LCU | +4.7% |
| 2014 | -177.11 million current LCU | -7.3% |
| 2015 | -165.67 million current LCU | -6.5% |
| 2016 | -177.31 million current LCU | +7.0% |
| 2017 | -199.97 million current LCU | +12.8% |
| 2018 | -173.28 million current LCU | -13.3% |
| 2019 | -184.28 million current LCU | +6.3% |
| 2020 | -220.58 million current LCU | +19.7% |
| 2021 | -206.14 million current LCU | -6.5% |
| 2022 | -220.15 million current LCU | +6.8% |
| 2023 | -190.41 million current LCU | -13.5% |
| 2024 | -229.00 million current LCU | +20.3% |
Bermuda compared with similar countries
- Bermuda's -229.00 million current LCU is above the median for high income countries, which is -392.03 million current LCU, 58% of the median. (73 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -178.65 million current LCU | -199.97 million current LCU | -164.68 million current LCU | 10 |
| 2020s | -213.26 million current LCU | -229.00 million current LCU | -190.41 million current LCU | 5 |
Countries ranked near Bermuda
- 150 Grenada -171.99 million current LCU compare
- 151 Sint Maarten (Dutch part) -175.40 million current LCU compare
- 152 Panama -218.83 million current LCU compare
- 154 Antigua and Barbuda -285.60 million current LCU compare
- 155 Cyprus -338.90 million current LCU compare
- 156 Slovakia -358.40 million current LCU 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 LCU) 4.44 % change on previous year (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)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Bermuda?
- Net secondary income (net current transfers from abroad) in Bermuda was -229.00 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Bermuda?
- The highest recorded value was -164.68 million current LCU in 2010.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Bermuda?
- The lowest recorded value was -229.00 million current LCU in 2024.
- How does Bermuda rank for net secondary income (net current transfers from abroad)?
- Bermuda ranks 153rd out of 203 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Bermuda?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (current LCU). 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 series is expressed in local currency units.