Secondary income balance (credit less debit), Net (credits less) in Bermuda
Bermuda: Secondary income balance (credit less debit), Net (credits less) was -190.41 million in 2023. ▼ Falling
Secondary income balance (credit less debit), Net (credits less) in Bermuda, 2006–2023
Source: International Monetary Fund.
Analysis
The most recent figure for secondary income balance (credit less debit), net (credits less) in Bermuda is -190.41 million, measured in 2023.
Compared with earlier readings it is up 14.3% on the previous year and down 21.8% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Bermuda peaked at -6.82 million in 2006 and was at its lowest, -222.29 million, in 2022.
That places Bermuda 151st out of 197 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Bermuda, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | -6.82 million | — |
| 2007 | -54.16 million | +694.1% |
| 2008 | -116.07 million | +114.3% |
| 2009 | -127.94 million | +10.2% |
| 2010 | -137.80 million | +7.7% |
| 2011 | -130.98 million | -5.0% |
| 2012 | -138.45 million | +5.7% |
| 2013 | -156.38 million | +12.9% |
| 2014 | -149.85 million | -4.2% |
| 2015 | -165.67 million | +10.6% |
| 2016 | -177.31 million | +7.0% |
| 2017 | -200.48 million | +13.1% |
| 2018 | -173.28 million | -13.6% |
| 2019 | -184.28 million | +6.3% |
| 2020 | -220.58 million | +19.7% |
| 2021 | -206.14 million | -6.5% |
| 2022 | -222.29 million | +7.8% |
| 2023 | -190.41 million | -14.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -76.25 million | -127.94 million | -6.82 million | 4 |
| 2010s | -161.45 million | -200.48 million | -130.98 million | 10 |
| 2020s | -209.86 million | -222.29 million | -190.41 million | 4 |
Countries ranked near Bermuda
More financial sector data for Bermuda
- Net migration, annual growth rate 60 % change on previous year (2025)
- Net migration -2 (2025)
- Official exchange rate 1 LCU per US$, period average (2025)
- GDP deflator: linked series 129.48 base year varies by country (2024)
- Inflation, GDP deflator: linked series 4.9% (2024)
- GDP deflator: linked series (base year varies by country), annual 4.9 % change on previous year (2024)
- Reserve assets 211.49 million US dollar (2023)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Total assets, Adjusted using IMF accounting records 15.85 billion US dollar (2023)
- Reserve assets (Assets, Positions, US dollar), annual growth rate -3.04 % change on previous year (2023)
Frequently asked questions
- What is secondary income balance (credit less debit), net (credits less) in Bermuda?
- Secondary income balance (credit less debit), net (credits less) in Bermuda was -190.41 million in 2023, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Bermuda?
- The highest recorded value was -6.82 million in 2006.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Bermuda?
- The lowest recorded value was -222.29 million in 2022.
- How does Bermuda rank for secondary income balance (credit less debit), net (credits less)?
- Bermuda ranks 151st out of 197 countries with data for 2023.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Bermuda?
- Over the last ten years it is down 21.8%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from International Monetary Fund, published as part of Secondary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.