Net secondary income (Net current transfers from abroad) in Bermuda
Bermuda: Net secondary income (Net current transfers from abroad) was -229.00 million current US$ 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 US$.
Analysis
The most recent figure for net secondary income (net current transfers from abroad) in Bermuda is -229.00 million current US$, measured in 2024. That is the lowest value across all 15 years on record.
Compared with earlier readings it is 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 US$ in 2010 and was at its lowest, -229.00 million current US$, in 2024.
Bermuda ranks 155th of 203 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Net secondary income (Net current transfers from abroad) in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 2010 | -164.68 million current US$ | — |
| 2011 | -170.59 million current US$ | +3.6% |
| 2012 | -182.50 million current US$ | +7.0% |
| 2013 | -191.07 million current US$ | +4.7% |
| 2014 | -177.11 million current US$ | -7.3% |
| 2015 | -165.67 million current US$ | -6.5% |
| 2016 | -177.31 million current US$ | +7.0% |
| 2017 | -199.97 million current US$ | +12.8% |
| 2018 | -173.28 million current US$ | -13.3% |
| 2019 | -184.28 million current US$ | +6.3% |
| 2020 | -220.58 million current US$ | +19.7% |
| 2021 | -206.14 million current US$ | -6.5% |
| 2022 | -220.15 million current US$ | +6.8% |
| 2023 | -190.41 million current US$ | -13.5% |
| 2024 | -229.00 million current US$ | +20.3% |
Bermuda compared with similar countries
- Bermuda's -229.00 million current US$ is above the median for high income countries, which is -387.92 million current US$, 59% of the median. (73 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -178.65 million current US$ | -199.97 million current US$ | -164.68 million current US$ | 10 |
| 2020s | -213.26 million current US$ | -229.00 million current US$ | -190.41 million current US$ | 5 |
Countries ranked near Bermuda
- 152 Turks and Caicos Islands -108.50 million current US$ compare
- 153 Kazakhstan -168.39 million current US$ compare
- 154 Panama -218.83 million current US$ compare
- 156 Australia -337.19 million current US$ compare
- 157 Angola -344.35 million current US$ compare
- 158 Cyprus -382.95 million 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 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 US$ 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 US$ 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 US$ in 2024.
- How does Bermuda rank for net secondary income (net current transfers from abroad)?
- Bermuda ranks 155th 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 US$). 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 indicator is expressed in United States dollars.