Bermuda: Remittances

* indicates monthly or quarterly data series

Remittances, million USD

 Latest value 1.62
 Year 2017
 Measure million U.S. dollars
 Data availability 2008 - 2017
 Average 1.25
 Min - Max 0.23 - 1.62
 Source The World Bank
For that indicator, we provide data for Bermuda from 2008 to 2017. The average value for Bermuda during that period was 1.25 million U.S. dollars with a minimum of 0.23 million U.S. dollars in 2008 and a maximum of 1.62 million U.S. dollars in 2016. The latest value from 2017 is 1.62 million U.S. dollars. For comparison, the world average in 2017 based on 147 countries is 2614.84 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Bermuda - Remittances - recent values

Historical chart
Bermuda - Remittances - historical chart - 2008-2017

Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Terms of trade 156.81 2021 percent
 Trade openness 78.29 2022 percent
 Exports, percent of GDP 52.32 2022 percent
 Exports, billion dollars 3.95 2022 billion U.S. dollars
 Growth of exports 8.22 2022 percent
 Imports, percent of GDP 25.97 2022 percent
 Imports, billion dollars 1.96 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.44 2022 percent
 Foreign Direct Investment, billion dollars -0.03 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1.29 2021 million dollars (current)
 Current account, in dollars 0.96 2021 billion U.S. dollars
 Trade balance, percent of GDP 26.37 2022 percent
 Trade balance, in dollars -0.79 2021 billion U.S. dollars
 Remittances, percent of GDP 23.85 2022 percent
 Remittances 1.62 2017 million U.S. dollars
 Net errors and omissions -93.08 2021 million USD
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