Remittance Outflows Statistics in Bermuda (2026)
In 2023, personal remittances paid in Bermuda stood at $176.2 million, according to World Bank World Development Indicators data. Up from $171.9 million in 2022 to $176.2 million in 2023. Bermuda ranks #3 of 3 economies in North America on this measure, and #114 of 181 globally.
Key Statistics
- Latest value (2023)
- $176.2 million (2023)
- Remittance Outflows in Bermuda as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +2.5% (2023)
- Up from $171.9 million in 2022 to $176.2 million in 2023.
- CAGR 2006–2023
- +0.2% per year (2023)
- Compound annual growth rate from $171.6 million in 2006 to $176.2 million in 2023.
- Earliest value in this dataset (2006)
- $171.6 million (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $171.6 million in 2006 to $176.2 million in 2023.
- Peak value (2010)
- $238.6 million (2010)
- Highest value in the available series; the 2023 value is $176.2 million.
- Rank in North America
- #3 of 3 (2023)
- Bermuda ranks 3 of 3 countries in North America with data, based on each country's latest value.
- Global rank
- #114 of 181 (2023)
- Bermuda ranks 114 of 181 countries with data globally.
- North America average
- $39.5 billion (2023)
- Bermuda ($176.2 million) is below the average of $39.5 billion across the 3 countries in North America with data.
- Projected 2026 value
- $162.1 million (2026)
- Projection based on 7-year trend (CAGR -2.7%); not an official figure.
- International migrant stock (% of population) (2024)
- 31.2% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Bermuda (2017)
- 98.4% (2017)
- 98.4% of the population in Bermuda used the internet in 2017 (World Bank); shown for context only.
- Population (2024)
- 64,636 (2024)
- Bermuda had a population of 64,636 in 2024 (World Bank); shown for scale only.
Trend, 2006–2023
| Year | current US$ | Change |
|---|---|---|
| 2023 | 176.2M | +2.5% |
| 2022 | 171.9M | +7.8% |
| 2021 | 159.4M | −13.0% |
| 2020 | 183.2M | −7.8% |
| 2019 | 198.6M | +0.5% |
| 2018 | 197.5M | −9.5% |
| 2017 | 218.4M | +2.1% |
| 2016 | 213.9M | +14.4% |
| 2015 | 187M | −16.6% |
| 2014 | 224.1M | +2.5% |
| 2013 | 218.8M | +0.8% |
| 2012 | 217.1M | +0.8% |
| 2011 | 215.4M | −9.7% |
| 2010 | 238.6M | +12.3% |
| 2009 | 212.6M | +11.3% |
| 2008 | 190.9M | +7.3% |
| 2007 | 177.9M | +3.7% |
| 2006 | 171.6M | — |
Frequently asked questions
What is the latest figure for personal remittances paid in Bermuda?
Personal remittances paid in Bermuda stood at $176.2 million in 2023, according to World Bank World Development Indicators data.
How recent is the remittance outflows data for Bermuda?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Bermuda.
Where does the remittance outflows data for Bermuda come from?
The data comes from the World Bank World Development Indicators (indicator BM.TRF.PWKR.CD.DT). The latest observation for Bermuda is from 2023; the snapshot was retrieved on 2026-06-10.
How has remittance outflows in Bermuda changed over time?
World Bank World Development Indicators data show a rise from $171.6 million in 2006 to $176.2 million in 2023.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BM.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 .