Balance Of Payments & International Investment

November 6, 2019

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]:

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Category: All, Business