Remittance Inflows Statistics in Bermuda (2026)
Bermuda recorded personal remittances received of $2 billion in 2023, World Bank World Development Indicators data show. Up from $1.8 billion in 2022 to $2 billion in 2023. Bermuda ranks #2 of 3 economies in North America on this measure, and #63 of 179 globally.
Key Statistics
- Latest value (2023)
- $2 billion (2023)
- Remittance Inflows in Bermuda as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +16% (2023)
- Up from $1.8 billion in 2022 to $2 billion in 2023.
- CAGR 2006–2023
- +3.2% per year (2023)
- Compound annual growth rate from $1.2 billion in 2006 to $2 billion in 2023.
- Earliest value in this dataset (2006)
- $1.2 billion (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $1.2 billion in 2006 to $2 billion in 2023.
- Record high (2023)
- $2 billion (2023)
- The 2023 value is the highest in the available World Bank World Development Indicators series for Bermuda.
- Rank in North America
- #2 of 3 (2023)
- Bermuda ranks 2 of 3 countries in North America with data, based on each country's latest value.
- Global rank
- #63 of 179 (2023)
- Bermuda ranks 63 of 179 countries with data globally.
- North America average
- $3.9 billion (2023)
- Bermuda ($2 billion) is below the average of $3.9 billion across the 3 countries in North America with data.
- Projected 2026 value
- $2.4 billion (2026)
- Projection based on 7-year trend (CAGR 5%); not an official figure.
- Personal remittances, received (% of GDP) (2023)
- 23.7% (2023)
- Related indicator from World Bank World Development Indicators.
- International migrant stock (% of population) (2024)
- 31.2% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Bermuda (2017)
- 98.4% (2017)
- 98.4% of the population in Bermuda used the internet in 2017 (World Bank); shown for context only.
- Population (2024)
- 64,636 (2024)
- Bermuda had a population of 64,636 in 2024 (World Bank); shown for scale only.
Trend, 2006–2023
| Year | current US$ | Change |
|---|---|---|
| 2023 | 2B | +16.0% |
| 2022 | 1.8B | +6.0% |
| 2021 | 1.7B | +5.2% |
| 2020 | 1.6B | +1.7% |
| 2019 | 1.5B | +6.9% |
| 2018 | 1.4B | −3.9% |
| 2017 | 1.5B | +4.2% |
| 2016 | 1.4B | +0.0% |
| 2015 | 1.4B | +8.2% |
| 2014 | 1.3B | +9.0% |
| 2013 | 1.2B | +2.9% |
| 2012 | 1.2B | +1.3% |
| 2011 | 1.2B | −6.8% |
| 2010 | 1.3B | −6.3% |
| 2009 | 1.3B | −3.2% |
| 2008 | 1.4B | −4.1% |
| 2007 | 1.5B | +22.6% |
| 2006 | 1.2B | — |
Frequently asked questions
What is the latest figure for personal remittances received in Bermuda?
Personal remittances received in Bermuda stood at $2 billion in 2023, according to World Bank World Development Indicators data.
How has remittance inflows in Bermuda changed over time?
World Bank World Development Indicators data show a rise from $1.2 billion in 2006 to $2 billion in 2023.
How does Bermuda compare with other countries in North America?
Bermuda ranks 2 of 3 countries in North America with data, with $2 billion versus a regional average of $3.9 billion (latest values per country).
Where does Bermuda rank globally on remittance inflows?
Bermuda ranks 63 of 179 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BX.TRF.PWKR.CD.DT, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .