2019 Q1 Balance of Payments & International Investment Position publication

Today the Minister for the Cabinet Office the Hon. Wayne Furbert, JP, MP, released the 2019 Q1 Balance of Payments & International Investment Position publication from the Department of Statistics (attached).

The Minister explained, “Bermuda’s trade with non-residents resulted in a $204 million surplus for the first quarter of 2019.  Bermuda’s stock of foreign assets at the end of the first quarter exceeded the stock of foreign liabilities by $3,054 million.”

Highlighted below are some key performance indicators:

• The deficit on the goods account increased by $25 million to $251 million.
• Services transactions realised a surplus of $75 million in the first quarter of 2019.
• The surplus on Bermuda’s primary income account fell to $419 million in the first quarter of 2019.
• The net international investment position increased by $483 million over the fourth quarter of 2018.

The 2019 Q1 Balance of Payments & International Investment Position publication is available online at /balance-payments.