Personal remittances, received (current US$), per unit of GDP in Bermuda
Bermuda: Personal remittances, received (current US$), per unit of GDP was 0.2366 current US$ per US$ of GDP in 2023. ▲ Rising
Personal remittances, received (current US$), per unit of GDP in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Bermuda recorded 0.2366 current US$ per US$ of GDP for personal remittances, received (current us$), per unit of gdp in 2023. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 4.8% on the previous year and up 24.9% over ten years.
Over the whole period, personal remittances, received (current us$), per unit of gdp in Bermuda peaked at 0.2366 current US$ per US$ of GDP in 2023 and was at its lowest, 0.1862 current US$ per US$ of GDP, in 2011.
That places Bermuda 8th out of 196 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Personal remittances, received (current US$), per unit of GDP in Bermuda, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.1925 current US$ per US$ of GDP | — |
| 2007 | 0.2143 current US$ per US$ of GDP | +11.3% |
| 2008 | 0.1993 current US$ per US$ of GDP | -7.0% |
| 2009 | 0.2022 current US$ per US$ of GDP | +1.5% |
| 2010 | 0.1901 current US$ per US$ of GDP | -6.0% |
| 2011 | 0.1862 current US$ per US$ of GDP | -2.1% |
| 2012 | 0.1867 current US$ per US$ of GDP | +0.3% |
| 2013 | 0.1894 current US$ per US$ of GDP | +1.5% |
| 2014 | 0.2082 current US$ per US$ of GDP | +9.9% |
| 2015 | 0.2172 current US$ per US$ of GDP | +4.3% |
| 2016 | 0.2096 current US$ per US$ of GDP | -3.5% |
| 2017 | 0.2109 current US$ per US$ of GDP | +0.6% |
| 2018 | 0.2002 current US$ per US$ of GDP | -5.0% |
| 2019 | 0.2084 current US$ per US$ of GDP | +4.1% |
| 2020 | 0.2285 current US$ per US$ of GDP | +9.7% |
| 2021 | 0.2271 current US$ per US$ of GDP | -0.6% |
| 2022 | 0.2259 current US$ per US$ of GDP | -0.5% |
| 2023 | 0.2366 current US$ per US$ of GDP | +4.8% |
Bermuda compared with similar countries
- Bermuda's 0.2366 current US$ per US$ of GDP is above the median for high income countries, which is 0.007 current US$ per US$ of GDP, 33.7× the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2021 current US$ per US$ of GDP | 0.1925 current US$ per US$ of GDP | 0.2143 current US$ per US$ of GDP | 4 |
| 2010s | 0.2007 current US$ per US$ of GDP | 0.1862 current US$ per US$ of GDP | 0.2172 current US$ per US$ of GDP | 10 |
| 2020s | 0.2295 current US$ per US$ of GDP | 0.2259 current US$ per US$ of GDP | 0.2366 current US$ per US$ of GDP | 4 |
Countries ranked near Bermuda
- 5 El Salvador 0.2751 current US$ per US$ of GDP compare
- 6 Nicaragua 0.2663 current US$ per US$ of GDP compare
- 7 Nepal 0.2599 current US$ per US$ of GDP compare
- 9 Marshall Islands 0.2348 current US$ per US$ of GDP compare
- 10 Samoa 0.2237 current US$ per US$ of GDP compare
- 11 Gambia 0.22 current US$ per US$ of GDP 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 unit of gdp in Bermuda?
- Personal remittances, received (current us$), per unit of gdp in Bermuda was 0.2366 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest personal remittances, received (current us$), per unit of gdp recorded in Bermuda?
- The highest recorded value was 0.2366 current US$ per US$ of GDP in 2023.
- What is the lowest personal remittances, received (current us$), per unit of gdp recorded in Bermuda?
- The lowest recorded value was 0.1862 current US$ per US$ of GDP in 2011.
- How does Bermuda rank for personal remittances, received (current us$), per unit of gdp?
- Bermuda ranks 8th out of 196 countries with data for 2023.
- Is personal remittances, received (current us$), per unit of gdp rising or falling in Bermuda?
- Over the last ten years it is up 24.9%. 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, received (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, received IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.