Secondary income, other sectors, payments (BoP, current US$), per in Bermuda
Bermuda: Secondary income, other sectors, payments (BoP, current US$), per was 7,021 BoP, current US$ per person in 2023. ▲ Rising
Secondary income, other sectors, payments (BoP, current US$), per in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for secondary income, other sectors, payments (bop, current us$), per in Bermuda is 7,021 BoP, current US$ per person, measured in 2023. That is the highest value across all 18 years on record.
That represents a change of up 4.0% on the previous year and up 84.3% over ten years.
Over the whole period, secondary income, other sectors, payments (bop, current us$), per in Bermuda peaked at 7,021 BoP, current US$ per person in 2023 and was at its lowest, 2,097 BoP, current US$ per person, in 2006.
That places Bermuda 5th out of 198 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.
Secondary income, other sectors, payments (BoP, current US$), per in Bermuda, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 2006 | 2,097 BoP, current US$ per person | — |
| 2007 | 2,454 BoP, current US$ per person | +17.0% |
| 2008 | 2,824 BoP, current US$ per person | +15.1% |
| 2009 | 3,332 BoP, current US$ per person | +18.0% |
| 2010 | 3,351 BoP, current US$ per person | +0.6% |
| 2011 | 3,400 BoP, current US$ per person | +1.5% |
| 2012 | 3,691 BoP, current US$ per person | +8.5% |
| 2013 | 3,809 BoP, current US$ per person | +3.2% |
| 2014 | 4,129 BoP, current US$ per person | +8.4% |
| 2015 | 4,877 BoP, current US$ per person | +18.1% |
| 2016 | 5,164 BoP, current US$ per person | +5.9% |
| 2017 | 5,899 BoP, current US$ per person | +14.2% |
| 2018 | 5,220 BoP, current US$ per person | -11.5% |
| 2019 | 5,980 BoP, current US$ per person | +14.6% |
| 2020 | 6,087 BoP, current US$ per person | +1.8% |
| 2021 | 6,653 BoP, current US$ per person | +9.3% |
| 2022 | 6,750 BoP, current US$ per person | +1.5% |
| 2023 | 7,021 BoP, current US$ per person | +4.0% |
Bermuda compared with similar countries
- Bermuda's 7,021 BoP, current US$ per person is above the median for high income countries, which is 729.79 BoP, current US$ per person, 9.6× the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,677 BoP, current US$ per person | 2,097 BoP, current US$ per person | 3,332 BoP, current US$ per person | 4 |
| 2010s | 4,552 BoP, current US$ per person | 3,351 BoP, current US$ per person | 5,980 BoP, current US$ per person | 10 |
| 2020s | 6,628 BoP, current US$ per person | 6,087 BoP, current US$ per person | 7,021 BoP, current US$ per person | 4 |
Countries ranked near Bermuda
- 2 Luxembourg 15,874 BoP, current US$ per person compare
- 3 Singapore 7,693 BoP, current US$ per person compare
- 4 Switzerland 7,617 BoP, current US$ per person compare
- 6 Macao 5,846 BoP, current US$ per person compare
- 7 Qatar 4,943 BoP, current US$ per person compare
- 8 Sint Maarten (Dutch part) 4,400 BoP, current US$ per person compare
More economy & growth data for Bermuda
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ 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 capita 1,823 BoP, current US$ per person (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 secondary income, other sectors, payments (bop, current us$), per in Bermuda?
- Secondary income, other sectors, payments (bop, current us$), per in Bermuda was 7,021 BoP, current US$ per person in 2023, according to Statizoid (derived).
- What is the highest secondary income, other sectors, payments (bop, current us$), per recorded in Bermuda?
- The highest recorded value was 7,021 BoP, current US$ per person in 2023.
- What is the lowest secondary income, other sectors, payments (bop, current us$), per recorded in Bermuda?
- The lowest recorded value was 2,097 BoP, current US$ per person in 2006.
- How does Bermuda rank for secondary income, other sectors, payments (bop, current us$), per?
- Bermuda ranks 5th out of 198 countries with data for 2023.
- Is secondary income, other sectors, payments (bop, current us$), per rising or falling in Bermuda?
- Over the last ten years it is up 84.3%. 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 Secondary income, other sectors, payments (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Secondary income, other sectors, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Secondary income, other sectors, payments (BoP, current US$) ÷ Population, total
Computed from
- Secondary income, other sectors, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Secondary income, other sectors, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.