Bermuda
Personal remittance receipts of $2.04B in 2023, 23.66% of GDP, from 18 annual observations starting in 2006. The series carries no observation for Bermuda after 2023, while 160 countries report through 2024, so this country is absent from the 2024 ranking.
- Received, 2023
- $2.04B
- Share of GDP, 2023
- 23.66%
- No 2024 observation
- n/a
- Net, 2023
- $1.86B
- Years of receipts
- 18
Received and paid, US$ billion
Source: World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ Gross flows in current US dollars. A gap in a line is a year with no observation, not a zero. Methodology
Receipts as a share of GDP
The highest reading in the series is 23.66% in 2023.
Source: World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ | World Bank WDI: GDP, current US$ (NY.GDP.MKTP.CD) Both series are current US dollars from the same WDI vintage; the share moves with the dollar GDP denominator as well as with the inflow. Methodology
Where the money is modelled to come from, 2021
The corridor matrix is a model, not a measurement
The 10,229 corridors in this matrix (212 sending economies, 175 receiving) are not observed payments. The World Bank builds it by allocating each country’s total recorded receipts across origins using bilateral migrant stocks and origin-destination incomes. A corridor value is therefore an estimate produced by that allocation rule. The matrix exists for one year, 2021, and no other.
The matrix routes $1.57B into Bermuda for 2021, from 27 origin countries. The five largest account for 97.7% of that total. The balance-of-payments series reports $1.66B of receipts for 2021, so the modelled total is 4.9% below it.
| Origin | Modelled value | Share of modelled total |
|---|---|---|
| United States | $980.7M | 62.3% |
| United Kingdom | $355.4M | 22.6% |
| Canada | $147.7M | 9.4% |
| Australia | $43.9M | 2.8% |
| France | $9.5M | 0.6% |
| South Africa | $5.2M | 0.3% |
| Ireland | $4.7M | 0.3% |
| Netherlands | $4.5M | 0.3% |
| Italy | $3.3M | 0.2% |
| Bahamas | $3.0M | 0.2% |
Source: World Bank / KNOMAD Bilateral Remittance Matrix | World Bank WDI: personal remittances received (BX.TRF.PWKR.CD.DT), paid (BM.TRF.PWKR.CD.DT), current US$ Every row is an allocation from migrant-stock and income data, not an observed payment. Methodology
Modelled outward corridors, 2021
The same matrix sends $46.3M out of Bermuda across 33 corridors. These are modelled allocations too.
| Destination | Modelled value |
|---|---|
| Philippines | $11.7M |
| United States | $8.5M |
| Jamaica | $6.0M |
| Portugal | $4.0M |
| India | $3.5M |
Source: World Bank / KNOMAD Bilateral Remittance Matrix Methodology
This page exists because Bermuda has 18 annual receipt observations, at or above the 10-year minimum. Methodology | All receivers