Remittances received in Bermuda in 2023 — 2,035,318,440 US$. Ranked 65 in the world out of 173. Since 2006, the indicator has risen by 72.1%.
2006–2023 · US$
How the value compares with the world and the groups this territory belongs to: Bermuda
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2023 | 2.04B | +281M | +16% |
| 2022 | 1.75B | +98.91M | +5.97% |
| 2021 | 1.66B | +81.51M | +5.18% |
| 2020 | 1.57B | +26.87M | +1.74% |
| 2019 | 1.55B | +100M | +6.94% |
| 2018 | 1.45B | −59.2M | −3.93% |
| 2017 | 1.51B | +60.01M | +4.15% |
| 2016 | 1.45B | +551,759 | +0.04% |
| 2015 | 1.45B | +110M | +8.21% |
| 2014 | 1.34B | +111M | +9.05% |
| 2013 | 1.22B | +34.11M | +2.86% |
| 2012 | 1.19B | +15.48M | +1.32% |
| 2011 | 1.18B | −86.12M | −6.83% |
| 2010 | 1.26B | −84.65M | −6.29% |
| 2009 | 1.35B | −44.71M | −3.21% |
| 2008 | 1.39B | −59.36M | −4.09% |
| 2007 | 1.45B | +268M | +22.63% |
| 2006 | 1.18B | — | — |
The same indicator for neighboring countries — with links to their pages
Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.
Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much money leaves a country in remittances — mostly the earnings of incomers.
Migration Number of immigrantsHow many people born abroad live in the country at present.
Economy Gross national incomeThe income received by the residents of a country — including what is earned abroad, but without what foreigners earn inside it.
Finance Development aid receivedHow much official development assistance a country receives — in grants and concessional loans.
