Today the Minister for the Cabinet Office the Hon. Wayne Furbert, JP, MP, released the 2020 Q2 Balance of Payments & International Investment Position publication from the Department of Statistics.
The Minister explained, “Bermuda’s trade with non-residents resulted in a $250 million surplus for the second quarter of 2020, increasing $94 million from a year ago. This growth was due mainly to an increase in the surplus balance on the primary income account and a smaller deficit on the goods account.