2020 Q1 Balance of Payments & International Investment Position publication

The Department of Statistics released the 2020 Q1 Balance of Payments & International Investment Position publication.

Bermuda’s trade with non-residents resulted in a $220 million surplus for the first quarter of 2020.  Bermuda’s stock of foreign assets at the end of the first quarter exceeded the stock of foreign liabilities by $3,262 million.

Highlighted below are some key performance indicators:

• The deficit on the goods account increased by $12 million to $263 million.
• Services transactions realised a surplus of $67 million in the first quarter of 2020.
• The surplus on Bermuda’s primary income account rose to $471 million in the first quarter of 2020.
• The net international investment position decreased by $65 million over the fourth quarter of 2019.

The 2020 Q1 Balance of Payments & International Investment Position publication is available online at/balance-payments.