Bermuda: Remittances, percent of GDP

* indicates monthly or quarterly data series
 Bermuda

Remittances as percent of GDP

 Latest value 23.85
 Year 2022
 Measure percent
 Data availability 2005 - 2022
 Average 19.53
 Min - Max 0.00 - 23.85
 Source The World Bank
For that indicator, we provide data for Bermuda from 2005 to 2022. The average value for Bermuda during that period was 19.53 percent with a minimum of 0 percent in 2005 and a maximum of 23.85 percent in 2022. The latest value from 2022 is 23.85 percent. For comparison, the world average in 2022 based on 173 countries is 5.36 percent. 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, percent of GDP - Recent values chart

Historical chart
Bermuda - Remittances, percent of GDP - historical chart - 2005-2022




Definition: Personal remittances comprise personal transfers and compensation of employees. 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. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

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 Related indicators Latest value Reference Measure
 Terms of trade 156.81 2021 percent
 Trade openness 78.33 2022 percent
 Exports, percent of GDP 52.35 2022 percent
 Exports, billion dollars 3.95 2022 billion U.S. dollars
 Growth of exports 8.22 2022 percent
 Imports, percent of GDP 25.98 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 1,800.00 2022 million U.S. dollars
 Net errors and omissions -93.08 2021 million USD
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