Balance Of Payments & International Investment
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]:
