Remittance inflows to GDP in Bermuda
Bermuda: Remittance inflows to GDP was 22.9% in 2020. ▲ Rising
Remittance inflows to GDP in Bermuda, 2005–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Bermuda recorded 22.9% for remittance inflows to gdp in 2020. That is the highest value across all 16 years on record.
That represents a change of up 9.7% on the previous year and up 20.3% over ten years.
Over the whole period, remittance inflows to gdp in Bermuda peaked at 22.9% in 2020 and was at its lowest, 0.0%, in 2005.
That places Bermuda 11th out of 195 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.2% | 0.0% | 21.4% | 5 |
| 2010s | 20.1% | 18.6% | 21.7% | 10 |
| 2020s | 22.9% | 22.9% | 22.9% | 1 |
Countries ranked near Bermuda
More financial sector data for Bermuda
- Official exchange rate 1 LCU per US$, period average (2025)
- Net migration -2 (2025)
- GDP deflator: linked series 129.48 base year varies by country (2024)
- Inflation, GDP deflator: linked series 4.9% (2024)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Listed domestic companies, total 9 (2025)
- Stocks traded, total value 9.76 million current US$ (2025)
- Stocks traded, total value 0.1% (2024)
- Stocks traded, turnover ratio of domestic shares 0.6% (2024)
- Market capitalization of listed domestic companies 2.26 billion current US$ (2025)
Frequently asked questions
- What is remittance inflows to gdp in Bermuda?
- Remittance inflows to gdp in Bermuda was 22.9% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Bermuda?
- The highest recorded value was 22.9% in 2020.
- What is the lowest remittance inflows to gdp recorded in Bermuda?
- The lowest recorded value was 0.0% in 2005.
- How does Bermuda rank for remittance inflows to gdp?
- Bermuda ranks 11th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Bermuda?
- Over the last ten years it is up 20.3%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.