Bermuda: Personal transfers, receipts (current US$, BoP)

Key figures

Over five years it is up 24.63% from US$1.3 million in 2012 (4.5% a year on average, compounded). Since 2008 it is up 601.19% from US$231,505 in 2008 (24.16% a year on average, compounded).

What the numbers say

In 2017, Bermuda's personal transfers, receipts (current US$, BoP) did not change 0% on 2016 (from US$1.62 million to US$1.62 million).

Across the 8 yearly changes before that (2009 to 2016), the average change was +36.3% and a typical year strayed about 58.9% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 163.4% in 2009 and the biggest yearly fall was 13.4% in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2008 to 2017 the straight-line trend is upward, about US$132,894 a year. A straight line explains 72% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to Bermuda in the 2017 ranking

• Barbados — 1st of 2: US$38.32 million

What this measures

Personal transfers are current transfers, in cash or in kind, received by resident households from non-resident households. 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.

Regional and income-group figures are computed by the World Bank as a sum.

All 10 values

More economic policy & debt data for Bermuda

• GDP (current US$) — US$9.19 billion (2024)
• GDP (current LCU) — 9.19 billion (2024)
• GDP (constant 2015 US$) — US$7.53 billion (2024)
• GDP (constant LCU) — 7.1 billion (2024)
• GDP per capita (current US$) — US$142,250 (2024)
• GDP per capita (current LCU) — 142,250 (2024)
• GDP per capita (constant 2015 US$) — US$116,514 (2024)
• GDP per capita (constant LCU) — 109,864 (2024)
• GDP (annual % growth) — 1.89% (2024)
• GDP per capita (annual % growth) — 1.99% (2024)
• Adjusted savings, education expenditure (% of GNI)

Reading data like this

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Questions people ask

What is Bermuda's personal transfers, receipts (current US$, BoP)?

US$1.62 million in 2017, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 601.19% from US$231,505 in 2008 (24.16% a year on average, compounded). The highest value was US$1.62 million in 2016 and the lowest US$231,505 in 2008.

Is the latest change in personal transfers, receipts (current US$, BoP) unusual for Bermuda?

In 2017, Bermuda's personal transfers, receipts (current US$, BoP) did not change 0% on 2016 (from US$1.62 million to US$1.62 million). Across the 8 yearly changes before that (2009 to 2016), the average change was +36.3% and a typical year strayed about 58.9% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator BX.TRF.PWKR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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