Balance Of Payments & International Investment

August 24, 2019 | 0 Comments

Minister for the Cabinet Office Wayne Furbert released the 2019 Q1 Balance of Payments & International Investment Position publication from the Department of Statistics.

The Minister explained, “Bermuda’s trade with non-residents resulted in a $204 million surplus for the first quarter of 2019. Bermuda’s stock of foreign assets at the end of the first quarter exceeded the stock of foreign liabilities by $3,054 million.”

Highlighted below are some key performance indicators:

  • The deficit on the goods account increased by $25 million to $251 million.
  • Services transactions realised a surplus of $75 million in the first quarter of 2019.
  • The surplus on Bermuda’s primary income account fell to $419 million in the first quarter of 2019.
  • The net international investment position increased by $483 million over the fourth quarter of 2018.

The full report is below [PDF here]

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