Balance Of Payments & International Investment

February 5, 2020 | 0 Comments

Today [Feb 5] the Minister for the Cabinet Office Wayne Furbert released the 2019 Q3 Balance of Payments & International Investment Position publication from the Department of Statistics.

The Minister explained, “Bermuda’s trade with non-residents resulted in a $251 million surplus for the third quarter of 2019. Bermuda’s stock of foreign assets at the end of the third quarter exceeded the stock of foreign liabilities by $2,424 million.”

Highlighted below are some key performance indicators:

  • The deficit on the goods account decreased by $14 million to $264 million.
  • Services transactions realised a surplus of $177 million in the third quarter of 2019.
  • The surplus on Bermuda’s primary income account fell to $388 million in the third quarter of 2019.
  • The net international investment position decreased by $258 million over the second quarter of 2019.

The full report is below [PDF here]:

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