Balance Of Payments & International Investment

June 26, 2020

Today [June 26] the Minister for the Cabinet Office Wayne Furbert released the 2019 Q4 Balance of Payments & International Investment Position publication from the Department of Statistics.

The Minister explained, “Bermuda’s trade with non-residents resulted in a $184 million surplus for the fourth quarter of 2019. Bermuda’s stock of foreign assets at the end of the fourth quarter exceeded the stock of foreign liabilities by $3,327 million.”

Other performance indicators include:

  • The deficit on the goods account decreased by $14 million to $263 million.
  • Services transactions realised a surplus of $103 million in the fourth quarter of 2019.
  • The surplus on Bermuda’s primary income account fell to $386 million in the fourth quarter of 2019.
  • The net international investment position increased by $903 million over the third quarter of 2019.

The full report is below [PDF here]:

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Comments (2)

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  1. Joe Bloggs says:

    Thank you, Minister, for explaining last year’s spending in Bermuda.

    Now please explain how that us relevant to Bermuda’s economy today.

  2. angryBPSUmember says:

    Interesting that the current account surplus is approximately what Government are trying to force the BPSU into accepting as a pay cut. Why not just use that surplus instead of raiding employee’s pension pots?