Remittances in Bermuda
Bermuda: Remittances was 23.66 in 2023. ▲ Rising
Latest (2023)
23.66
Change on year
up 4.8%
World rank
8th
of 194 countries
All-time high
23.66
in 2023
All-time low
18.62
in 2011
Years of data
18
2006–2023
Remittances in Bermuda, 2006–2023
Source: Our World in Data.
Analysis
Bermuda recorded 23.66 for remittances 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, remittances in Bermuda peaked at 23.66 in 2023 and was at its lowest, 18.62, in 2011.
That places Bermuda 8th out of 194 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.
Remittances in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 19.25 | — |
| 2007 | 21.43 | +11.3% |
| 2008 | 19.93 | -7.0% |
| 2009 | 20.22 | +1.5% |
| 2010 | 19.01 | -6.0% |
| 2011 | 18.62 | -2.1% |
| 2012 | 18.67 | +0.3% |
| 2013 | 18.94 | +1.5% |
| 2014 | 20.82 | +9.9% |
| 2015 | 21.72 | +4.3% |
| 2016 | 20.96 | -3.5% |
| 2017 | 21.09 | +0.6% |
| 2018 | 20.02 | -5.0% |
| 2019 | 20.84 | +4.1% |
| 2020 | 22.85 | +9.7% |
| 2021 | 22.71 | -0.6% |
| 2022 | 22.59 | -0.5% |
| 2023 | 23.66 | +4.8% |
Bermuda compared with similar countries
- Bermuda's 23.66 is above the median for high income countries, which is 0.7013, 33.7× the median. (69 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.21 | 19.25 | 21.43 | 4 |
| 2010s | 20.07 | 18.62 | 21.72 | 10 |
| 2020s | 22.95 | 22.59 | 23.66 | 4 |
Countries ranked near Bermuda
More reference data data for Bermuda
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 0 (2019)
- Emission Totals - Emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0 (2050)
- Emission Totals - Direct emissions (N2O) - IPCC Agriculture 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 0 (2019)
- Emission Totals - Emissions (CO2eq) (AR5) - Agricultural Soils 0.0126 (2050)
- Emission Totals - Direct emissions (N2O) - Crop Residues 0 (2050)
Frequently asked questions
- What is remittances in Bermuda?
- Remittances in Bermuda was 23.66 in 2023, according to Our World in Data.
- What is the highest remittances recorded in Bermuda?
- The highest recorded value was 23.66 in 2023.
- What is the lowest remittances recorded in Bermuda?
- The lowest recorded value was 18.62 in 2011.
- How does Bermuda rank for remittances?
- Bermuda ranks 8th out of 194 countries with data for 2023.
- Is remittances 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 Our World in Data, published as part of Remittances. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).