2015 First Quarter Bulletin Of Statistics Report

August 5, 2015

According to the Quarterly Bulletin of Statistics, in the first quarter of 2015, central government revenue increased 3.7% to $244.6 million, total government spending increased 2% to $286.4 million, and air visitors declined 6.7%.

Central Government Revenue and Expenditure

Central government revenue increased 3.7 per cent to $244.6 million, with all revenue sources increasing with the exception of tax receipts related to hotel occupancy and international companies.

Total government spending increased 2.0 percent to $286.4 million, current expenditure advanced 1.5 per cent to $271.5 million and capital expenditure increased $1.7 million to $14.9 million.

150803 Quarterly Bulletin of Statistics Q1 2015-1 figure 1

Employment Income by Industry

Employment income strengthened 2.0 per cent or $17.6 million, the report said, adding that remuneration for payroll tax purposes increased in all industries with the exception of construction, transport and communication, banking, insurance and real estate.

Arrivals and Expenditure

The report said that the Island hosted 28,966 air visitors during the first three months of the year, a decline of 6.7 per cent when compared to the same quarter of 2014. Total expenditure by air visitors was 19.3 per cent higher year-over-year. Air visitor expenditure was estimated at $36.5 million, an increase of $5.9 million.

“The reduction in first quarter air arrivals resulted in a decrease in bookings at all commercial accommodation units. However, visitors staying at private homes increased 0.6 per cent,” the report said.

Hotel Accommodations

There were 2,354 workers employed in the hotel industry at the end of January 2015. The level of employment increased by 183 employees, representing 169 Bermudians and 14 non-Bermudians. Hotel gross receipts totaled $33.8 million, an increase of 1.7 per cent or $0.6 million.

150803 Quarterly Bulletin of Statistics Q1 2015-2 figure 2

The full Quarterly Bulletin of Statistics follows below [PDF here]:

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Comments (7)

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  1. Jeremy Deacon says:

    First paragraph: Govt expenditure increased 2percent …..

    • And air visitors declined 6.7%, Hanbury gets $1000.00 a day and got a $100,000 bonus and Quinton Edness brushes the dust off.
      WTF

  2. Chris Famous says:

    “Arrivals and Expenditure
    The report said that the Island hosted 28,966 air visitors during the first three months of the year, a decline of 6.7 per cent when compared to the same quarter of 2014.
    “The reduction in first quarter air arrivals resulted in a decrease in bookings at all commercial accommodation units.”

    • Sad says:

      “Total expenditure by air visitors was 19.3 per cent higher year-over-year. Air visitor expenditure was estimated at $36.5 million, an increase of $5.9 million.”

  3. Sad says:

    Why does it take almost 5 months to get these stats?

    If the US can provide such information a month an sometimes less after quarter end why does it take little Bermuda so long to do the same?

    • navin johnson says:

      and I would wager that the Bermuda statistics department is much larger in comparison than that of the US as a percentage of the civil service….

  4. Hey, if not mistaken, we can / should be happy to receive this info. period!