Personal remittances, received (current US$), per capita in Bermuda
Bermuda: Personal remittances, received (current US$), per capita was 31,459 current US$ per person in 2023. ▲ Rising
Personal remittances, received (current US$), per capita in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
In 2023, personal remittances, received (current us$), per capita in Bermuda stood at 31,459 current US$ per person. That is the highest value across all 18 years on record.
The figure is up 16.1% on the previous year and up 63.3% over ten years.
Over the whole period, personal remittances, received (current us$), per capita in Bermuda peaked at 31,459 current US$ per person in 2023 and was at its lowest, 18,441 current US$ per person, in 2011.
Bermuda ranks 1st of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Personal remittances, received (current US$), per capita in Bermuda, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 2006 | 18,819 current US$ per person | — |
| 2007 | 23,014 current US$ per person | +22.3% |
| 2008 | 21,971 current US$ per person | -4.5% |
| 2009 | 21,176 current US$ per person | -3.6% |
| 2010 | 19,795 current US$ per person | -6.5% |
| 2011 | 18,441 current US$ per person | -6.8% |
| 2012 | 18,709 current US$ per person | +1.5% |
| 2013 | 19,267 current US$ per person | +3.0% |
| 2014 | 21,025 current US$ per person | +9.1% |
| 2015 | 22,775 current US$ per person | +8.3% |
| 2016 | 22,789 current US$ per person | +0.1% |
| 2017 | 23,687 current US$ per person | +3.9% |
| 2018 | 22,666 current US$ per person | -4.3% |
| 2019 | 24,135 current US$ per person | +6.5% |
| 2020 | 24,449 current US$ per person | +1.3% |
| 2021 | 25,610 current US$ per person | +4.7% |
| 2022 | 27,097 current US$ per person | +5.8% |
| 2023 | 31,459 current US$ per person | +16.1% |
Bermuda compared with similar countries
- Bermuda's 31,459 current US$ per person is above the median for high income countries, which is 254.22 current US$ per person, 123.7× the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21,245 current US$ per person | 18,819 current US$ per person | 23,014 current US$ per person | 4 |
| 2010s | 21,329 current US$ per person | 18,441 current US$ per person | 24,135 current US$ per person | 10 |
| 2020s | 27,154 current US$ per person | 24,449 current US$ per person | 31,459 current US$ per person | 4 |
Countries ranked near Bermuda
- 2 Luxembourg 3,936 current US$ per person compare
- 3 Faroe Islands 3,263 current US$ per person compare
- 4 Tonga 2,436 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$) 4.44 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received (current us$), per capita in Bermuda?
- Personal remittances, received (current us$), per capita in Bermuda was 31,459 current US$ per person in 2023, according to Statizoid (derived).
- What is the highest personal remittances, received (current us$), per capita recorded in Bermuda?
- The highest recorded value was 31,459 current US$ per person in 2023.
- What is the lowest personal remittances, received (current us$), per capita recorded in Bermuda?
- The lowest recorded value was 18,441 current US$ per person in 2011.
- How does Bermuda rank for personal remittances, received (current us$), per capita?
- Bermuda ranks 1st out of 197 countries with data for 2023.
- Is personal remittances, received (current us$), per capita rising or falling in Bermuda?
- Over the last ten years it is up 63.3%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, received (current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Personal remittances, received (current US$) 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, received (current US$) ÷ Population, total
Computed from
- Personal remittances, received IMF balance of payments data, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, received (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.