Money sent or brought back by migrants as a share of GDP in Bermuda
Bermuda: Money sent or brought back by migrants as a share of GDP was 23.7% in 2023. ▲ Rising
Money sent or brought back by migrants as a share of GDP in Bermuda, 2006–2023
Source: World Bank staff estimates based on IMF and OECD data (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Bermuda recorded 23.7% for money sent or brought back by migrants as a share of gdp in 2023. That is the highest value across all 18 years on record.
That represents a change of up 4.8% on the previous year and up 24.9% over ten years.
Over the whole period, money sent or brought back by migrants as a share of gdp in Bermuda peaked at 23.7% in 2023 and was at its lowest, 18.6%, in 2011.
Bermuda ranks 8th of 194 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Money sent or brought back by migrants as a share of GDP in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 19.2% | — |
| 2007 | 21.4% | +11.3% |
| 2008 | 19.9% | -7.0% |
| 2009 | 20.2% | +1.5% |
| 2010 | 19.0% | -6.0% |
| 2011 | 18.6% | -2.1% |
| 2012 | 18.7% | +0.3% |
| 2013 | 18.9% | +1.5% |
| 2014 | 20.8% | +9.9% |
| 2015 | 21.7% | +4.3% |
| 2016 | 21.0% | -3.5% |
| 2017 | 21.1% | +0.6% |
| 2018 | 20.0% | -5.0% |
| 2019 | 20.8% | +4.1% |
| 2020 | 22.9% | +9.7% |
| 2021 | 22.7% | -0.6% |
| 2022 | 22.6% | -0.5% |
| 2023 | 23.7% | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.2% | 19.2% | 21.4% | 4 |
| 2010s | 20.1% | 18.6% | 21.7% | 10 |
| 2020s | 23.0% | 22.6% | 23.7% | 4 |
Countries ranked near Bermuda
More population data for Bermuda
- Population regions with projections, annual growth rate -0.8969 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -100 % change on previous year (2046)
- Population long run with projections, annual growth rate -0.8969 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.8149 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.8032 % change on previous year (2100)
- World population growth -0.9% (2100)
- Population density 660.94 people per km² (2100)
- Number of children under 5, by world region 1,235 people (2100)
- Population growth rate, by level of development -0.9% (2100)
- Number of people living in urban and rural areas, annual growth rate -0.1269 % change on previous year (2025)
Frequently asked questions
- What is money sent or brought back by migrants as a share of gdp in Bermuda?
- Money sent or brought back by migrants as a share of gdp in Bermuda was 23.7% in 2023, according to World Bank staff estimates based on IMF and OECD data (2026) – processed by Our World in Data.
- What is the highest money sent or brought back by migrants as a share of gdp recorded in Bermuda?
- The highest recorded value was 23.7% in 2023.
- What is the lowest money sent or brought back by migrants as a share of gdp recorded in Bermuda?
- The lowest recorded value was 18.6% in 2011.
- How does Bermuda rank for money sent or brought back by migrants as a share of gdp?
- Bermuda ranks 8th out of 194 countries with data for 2023.
- Is money sent or brought back by migrants as a share of gdp rising or falling in Bermuda?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from World Bank staff estimates based on IMF and OECD data (2026) – processed by Our World in Data, published as part of Money sent or brought back by migrants as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Money sent or brought back by migrants refers to remittances a country has received in this year.