Statistics Bulletin: Imports, Employment, Visitors

July 25, 2016

According to the 2016 Q1 Quarterly Bulletin of Statistics, imports increased 2.8%, employment income increased 1.0%, and the Island hosted 32,233 air visitors during the first quarter of 2016, an increase of 11.3% year-over-year.

Imports

The report said, “Imports increased 2.8% or $6.0 million to $222.1 million. The value of imports increased for all commodity groups with the exception of machinery and finished equipment. The largest increase was recorded in the basic materials and semi-manufactured commodity group which rose $4.8 million driven by imports of iron and steel. Imports of food, beverages and tobacco rose $4.0 million due mostly to higher imports of beverages and spirits.

“Imports from the United States of America [U.S.A.] rose $11.9 million and imports from the ‘All Other Countries’ category rose $3.5 million. In contrast, imports from Canada reported the largest decline of $5.9 million. Imports from the Caribbean and United Kingdom also recorded declines.

Chart extracted from the report:

Quarterly Bulletin of Statistics - Q1 2016-1

Employment Income by Industry

The report said, “Employment income increased 1.0% or $9.4 million. The business services sector recorded the largest percentage increase in remuneration of 4.5% due to increased employee numbers, salaries and wages. International business contributed the largest value increase of $3.9 million reflecting higher salaries and bonuses.

Arrivals and Expenditure

“The Island hosted 32,233 air visitors during the first quarter of 2016, an increase of 11.3% year-over-year. Estimated total expenditure by air visitors rose 2.7% to $37.5 million compared to the same period of 2015. Visitors spent $2.0 million less on accommodation and food but $3.0 million more on shopping, entertainment and transport services.

“A total of four cruise ships visited the Island carrying 3,314 passengers. Total expenditure for these passengers was estimated at $0.4 million. In comparison, less than $50 thousand was spent by 319 cruise visitors during the same period in 2015.

Chart extracted from the report:

Quarterly Bulletin of Statistics - Q1 2016-2

Hotel Accommodations

“At the end of January 2016, there were 2,292 workers employed within the hotel industry. The level of employment decreased by 62 employees, representing 74 less Bermudians and 12 additional non-Bermudians.

“Hotel gross receipts totaled $36.2 million. This represented an increase of 7.2 per cent or $2.4 million. Of the total gain in receipts, $1.4 million was attributed to an increase in food and alcohol sales.”

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

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