Bermuda Balance of Payments: Current Account
BM: BOP: Current Account: Balance: % of GDP
BM: BOP: Current Account: Balance: % of GDP data was reported at 13.206 % in 2021. This records an increase from the previous number of 12.398 % for 2020. BM: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging 12.996 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 20.384 % in 2006 and a record low of 8.734 % in 2009. BM: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 13.206 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Balance: % of GDP from 2006 to 2021 in the chart:
BM: BOP: Current Account: Charges for the Use of Intellectual Property: Payments
BM: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data was reported at 2.320 USD mn in 2023. This records a decrease from the previous number of 2.586 USD mn for 2022. BM: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data is updated yearly, averaging 11.764 USD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 11.764 USD mn in 2014 and a record low of 2.320 USD mn in 2023. BM: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Charges for the use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, franchises), and charges for licenses to reproduce or distribute (or both) intellectual property embodied in produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Sum;
| Last | Frequency | Range |
|---|---|---|
| 2.320 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Charges for the Use of Intellectual Property: Payments from 2006 to 2023 in the chart:
BM: BOP: Current Account: Exports: Goods and Services
BM: BOP: Current Account: Exports: Goods and Services data was reported at 1.599 USD bn in 2023. This records an increase from the previous number of 1.425 USD bn for 2022. BM: BOP: Current Account: Exports: Goods and Services data is updated yearly, averaging 1.352 USD bn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 1.631 USD bn in 2007 and a record low of 1.027 USD bn in 2020. BM: BOP: Current Account: Exports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 1,598.659 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Exports: Goods and Services from 2006 to 2023 in the chart:
BM: BOP: Current Account: Exports: Goods, Services and Primary Income
BM: BOP: Current Account: Exports: Goods, Services and Primary Income data was reported at 4.361 USD bn in 2023. This records an increase from the previous number of 3.768 USD bn for 2022. BM: BOP: Current Account: Exports: Goods, Services and Primary Income data is updated yearly, averaging 3.225 USD bn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 4.361 USD bn in 2023 and a record low of 3.067 USD bn in 2020. BM: BOP: Current Account: Exports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 4,360.625 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Exports: Goods, Services and Primary Income from 2006 to 2023 in the chart:
BM: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports
BM: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data was reported at 56.565 % in 2021. This records a decrease from the previous number of 60.275 % for 2020. BM: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data is updated yearly, averaging 46.303 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 60.275 % in 2020 and a record low of 41.413 % in 2007. BM: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 56.565 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports
BM: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data was reported at 26.748 % in 2021. This records an increase from the previous number of 26.630 % for 2020. BM: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data is updated yearly, averaging 18.731 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 26.748 % in 2021 and a record low of 15.460 % in 2006. BM: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 26.748 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Exports: Service: Transport: % of Service Exports
BM: BOP: Current Account: Exports: Service: Transport: % of Service Exports data was reported at 4.004 % in 2021. This records an increase from the previous number of 3.895 % for 2020. BM: BOP: Current Account: Exports: Service: Transport: % of Service Exports data is updated yearly, averaging 3.136 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 4.574 % in 2008 and a record low of 2.464 % in 2014. BM: BOP: Current Account: Exports: Service: Transport: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 4.004 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Exports: Service: Transport: % of Service Exports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Exports: Service: Travel: % of Service Exports
BM: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 12.682 % in 2021. This records an increase from the previous number of 9.199 % for 2020. BM: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 31.657 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 37.850 % in 2019 and a record low of 9.199 % in 2020. BM: BOP: Current Account: Exports: Service: Travel: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 12.682 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Exports: Service: Travel: % of Service Exports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Imports: Goods and Services
BM: BOP: Current Account: Imports: Goods and Services data was reported at 2.300 USD bn in 2023. This records an increase from the previous number of 2.235 USD bn for 2022. BM: BOP: Current Account: Imports: Goods and Services data is updated yearly, averaging 1.957 USD bn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 2.300 USD bn in 2023 and a record low of 1.723 USD bn in 2020. BM: BOP: Current Account: Imports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 2,299.822 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Imports: Goods and Services from 2006 to 2023 in the chart:
BM: BOP: Current Account: Imports: Goods, Services and Primary Income
BM: BOP: Current Account: Imports: Goods, Services and Primary Income data was reported at 2.850 USD bn in 2023. This records an increase from the previous number of 2.411 USD bn for 2022. BM: BOP: Current Account: Imports: Goods, Services and Primary Income data is updated yearly, averaging 2.258 USD bn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 2.850 USD bn in 2023 and a record low of 1.993 USD bn in 2020. BM: BOP: Current Account: Imports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Gap-filled total;
| Last | Frequency | Range |
|---|---|---|
| 2,849.917 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Imports: Goods, Services and Primary Income from 2006 to 2023 in the chart:
BM: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports
BM: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data was reported at 34.892 % in 2021. This records a decrease from the previous number of 36.979 % for 2020. BM: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data is updated yearly, averaging 30.018 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 40.267 % in 2018 and a record low of 22.363 % in 2006. BM: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 34.892 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports
BM: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data was reported at 18.999 % in 2021. This records a decrease from the previous number of 19.416 % for 2020. BM: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data is updated yearly, averaging 14.640 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 20.015 % in 2012 and a record low of 10.713 % in 2006. BM: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 18.999 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Imports: Service: Transport: % of Service Imports
BM: BOP: Current Account: Imports: Service: Transport: % of Service Imports data was reported at 22.108 % in 2021. This records an increase from the previous number of 19.565 % for 2020. BM: BOP: Current Account: Imports: Service: Transport: % of Service Imports data is updated yearly, averaging 27.742 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 35.774 % in 2006 and a record low of 19.565 % in 2020. BM: BOP: Current Account: Imports: Service: Transport: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 22.108 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Imports: Service: Transport: % of Service Imports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Imports: Service: Travel: % of Service Imports
BM: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 24.001 % in 2021. This records a decrease from the previous number of 24.040 % for 2020. BM: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 26.112 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 31.150 % in 2006 and a record low of 23.173 % in 2018. BM: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 24.001 2021 | yearly | 2006 - 2021 |
View Bermuda's BM: BOP: Current Account: Imports: Service: Travel: % of Service Imports from 2006 to 2021 in the chart:
BM: BOP: Current Account: Net Trade: Goods and Services
BM: BOP: Current Account: Net Trade: Goods and Services data was reported at -701.163 USD mn in 2023. This records an increase from the previous number of -809.906 USD mn for 2022. BM: BOP: Current Account: Net Trade: Goods and Services data is updated yearly, averaging -605.017 USD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of -326.800 USD mn in 2011 and a record low of -809.906 USD mn in 2022. BM: BOP: Current Account: Net Trade: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| -701.163 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Net Trade: Goods and Services from 2006 to 2023 in the chart:
BM: BOP: Current Account: Personal Remittances: Paid
BM: BOP: Current Account: Personal Remittances: Paid data was reported at 176.176 USD mn in 2023. This records an increase from the previous number of 171.910 USD mn for 2022. BM: BOP: Current Account: Personal Remittances: Paid data is updated yearly, averaging 224.147 USD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 238.623 USD mn in 2010 and a record low of 159.406 USD mn in 2021. BM: BOP: Current Account: Personal Remittances: Paid data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.;IMF balance of payments data, International Monetary Fund (IMF); Staff estimates, World Bank (WB);Sum;
| Last | Frequency | Range |
|---|---|---|
| 176.176 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Personal Remittances: Paid from 2006 to 2023 in the chart:
BM: BOP: Current Account: Personal Remittances: Received
BM: BOP: Current Account: Personal Remittances: Received data was reported at 1.750 USD bn in 2023. This stayed constant from the previous number of 1.750 USD bn for 2022. BM: BOP: Current Account: Personal Remittances: Received data is updated yearly, averaging 1.445 USD bn from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 1.750 USD bn in 2023 and a record low of 0.000 USD mn in 2005. BM: BOP: Current Account: Personal Remittances: Received data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.;World Bank staff estimates based on IMF balance of payments data.;Sum;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 1,800.000 2023 | yearly | 2005 - 2023 |
View Bermuda's BM: BOP: Current Account: Personal Remittances: Received from 2005 to 2023 in the chart:
BM: BOP: Current Account: Personal Remittances: Received: % of GDP
BM: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 25.407 % in 2024. This records an increase from the previous number of 23.724 % for 2023. BM: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 21.720 % from Dec 2006 (Median) to 2024, with 19 observations. The data reached an all-time high of 25.407 % in 2024 and a record low of 18.618 % in 2011. BM: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.;Staff estimates, World Bank (WB); IMF balance of payments data, International Monetary Fund (IMF); World Bank GDP estimates, World Bank (WB); OECD GDP estimates, Organisation for Economic Co-operation and Development (OECD);Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 25.407 2024 | yearly | 2006 - 2024 |
View Bermuda's BM: BOP: Current Account: Personal Remittances: Received: % of GDP from 2006 to 2024 in the chart:
BM: BOP: Current Account: Secondary Income: Net
BM: BOP: Current Account: Secondary Income: Net data was reported at -190.414 USD mn in 2023. This records an increase from the previous number of -222.293 USD mn for 2022. BM: BOP: Current Account: Secondary Income: Net data is updated yearly, averaging -149.850 USD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of -6.820 USD mn in 2006 and a record low of -222.293 USD mn in 2022. BM: BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);;
| Last | Frequency | Range |
|---|---|---|
| -190.414 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Secondary Income: Net from 2006 to 2023 in the chart:
BM: BOP: Current Account: Secondary Income: Other Sectors: Payments
BM: BOP: Current Account: Secondary Income: Other Sectors: Payments data was reported at 454.248 USD mn in 2023. This records an increase from the previous number of 437.079 USD mn for 2022. BM: BOP: Current Account: Secondary Income: Other Sectors: Payments data is updated yearly, averaging 262.332 USD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 454.248 USD mn in 2023 and a record low of 131.780 USD mn in 2006. BM: BOP: Current Account: Secondary Income: Other Sectors: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Sum;
| Last | Frequency | Range |
|---|---|---|
| 454.248 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Secondary Income: Other Sectors: Payments from 2006 to 2023 in the chart:
BM: BOP: Current Account: Secondary Income: Receipts
BM: BOP: Current Account: Secondary Income: Receipts data was reported at 271.840 USD mn in 2023. This records an increase from the previous number of 230.725 USD mn for 2022. BM: BOP: Current Account: Secondary Income: Receipts data is updated yearly, averaging 122.626 USD mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 271.840 USD mn in 2023 and a record low of 68.798 USD mn in 2008. BM: BOP: Current Account: Secondary Income: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.;Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF);Sum;
| Last | Frequency | Range |
|---|---|---|
| 271.840 2023 | yearly | 2006 - 2023 |
View Bermuda's BM: BOP: Current Account: Secondary Income: Receipts from 2006 to 2023 in the chart:
BM: BOP: Current Account: Trade in Services: % of GDP
BM: BOP: Current Account: Trade in Services: % of GDP data was reported at 26.984 % in 2021. This records an increase from the previous number of 26.325 % for 2020. BM: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 35.839 % from Dec 2006 (Median) to 2021, with 16 observations. The data reached an all-time high of 40.207 % in 2007 and a record low of 26.325 % in 2020. BM: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 26.984 2021 | yearly | 2006 - 2021 |