Personal remittances, paid (current US$), per capita in Bermuda
Bermuda: Personal remittances, paid (current US$), per capita was 2,723 current US$ per person in 2023. ▼ Falling
Personal remittances, paid (current US$), per capita in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
The most recent figure for personal remittances, paid (current us$), per capita in Bermuda is 2,723 current US$ per person, measured in 2023.
That represents a change of up 2.6% on the previous year and down 20.9% over ten years.
Over the whole period, personal remittances, paid (current us$), per capita in Bermuda peaked at 3,745 current US$ per person in 2010 and was at its lowest, 2,466 current US$ per person, in 2021.
That places Bermuda 9th out of 196 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 18 years of available data.
Personal remittances, paid (current US$), per capita in Bermuda, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 2006 | 2,731 current US$ per person | — |
| 2007 | 2,824 current US$ per person | +3.4% |
| 2008 | 3,016 current US$ per person | +6.8% |
| 2009 | 3,344 current US$ per person | +10.9% |
| 2010 | 3,745 current US$ per person | +12.0% |
| 2011 | 3,380 current US$ per person | -9.7% |
| 2012 | 3,412 current US$ per person | +0.9% |
| 2013 | 3,441 current US$ per person | +0.9% |
| 2014 | 3,528 current US$ per person | +2.5% |
| 2015 | 2,946 current US$ per person | -16.5% |
| 2016 | 3,371 current US$ per person | +14.4% |
| 2017 | 3,435 current US$ per person | +1.9% |
| 2018 | 3,095 current US$ per person | -9.9% |
| 2019 | 3,098 current US$ per person | +0.1% |
| 2020 | 2,845 current US$ per person | -8.2% |
| 2021 | 2,466 current US$ per person | -13.3% |
| 2022 | 2,655 current US$ per person | +7.7% |
| 2023 | 2,723 current US$ per person | +2.6% |
Bermuda compared with similar countries
- Bermuda's 2,723 current US$ per person is above the median for high income countries, which is 396.53 current US$ per person, 6.9× the median. (71 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,979 current US$ per person | 2,731 current US$ per person | 3,344 current US$ per person | 4 |
| 2010s | 3,345 current US$ per person | 2,946 current US$ per person | 3,745 current US$ per person | 10 |
| 2020s | 2,672 current US$ per person | 2,466 current US$ per person | 2,845 current US$ per person | 4 |
Countries ranked near Bermuda
- 6 Macau, China 3,571 current US$ per person compare
- 7 Kuwait 3,441 current US$ per person compare
- 8 Turks and Caicos Islands 3,107 current US$ per person compare
- 10 Sint Maarten (Dutch part) 2,439 current US$ per person compare
- 11 Naoero 2,191 current US$ per person compare
- 12 Iceland 1,879 current US$ per person 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$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, paid (current us$), per capita in Bermuda?
- Personal remittances, paid (current us$), per capita in Bermuda was 2,723 current US$ per person in 2023, according to Statizoid (derived).
- What is the highest personal remittances, paid (current us$), per capita recorded in Bermuda?
- The highest recorded value was 3,745 current US$ per person in 2010.
- What is the lowest personal remittances, paid (current us$), per capita recorded in Bermuda?
- The lowest recorded value was 2,466 current US$ per person in 2021.
- How does Bermuda rank for personal remittances, paid (current us$), per capita?
- Bermuda ranks 9th out of 196 countries with data for 2023.
- Is personal remittances, paid (current us$), per capita rising or falling in Bermuda?
- Over the last ten years it is down 20.9%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, paid (current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Personal remittances, paid (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, paid (current US$) ÷ Population, total
Computed from
- Personal remittances, paid IMF balance of payments data, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, paid (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.