Balance Of Payments & International Investment
Today [Nov 6] the Minister for the Cabinet Office Wayne Furbert released the 2019 Q2 Balance of Payments & International Investment Position publication from the Department of Statistics.
Minster Furbert said, “Bermuda’s trade with non-residents resulted in a $161 million surplus for the second quarter of 2019. Bermuda’s stock of foreign assets at the end of the second quarter exceeded the stock of foreign liabilities by $2,682 million.”
Highlighted below are some key performance indicators:
- The deficit on the goods account increased by $56 million to $358 million.
- Services transactions realised a surplus of $191 million in the second quarter of 2019.
- The surplus on Bermuda’s primary income account grew to $374 million in the second quarter of 2019.
- The net international investment position decreased by $364 million over the first quarter of 2019.
The full report is below [PDF here]:
