Good day to members of the media and the listening public.
Today, I am pleased to announce that the Bermuda economy grew 5.4 per cent in real terms to total $6.3 billion in 2021. Bermuda’s Economy is rebounding strongly from the economic downturn experienced in 2020.
Although we are not back to pre-pandemic economic activity, positive economicperformance was recorded as fourteen of the nineteen industry groups’ experienced economic expansion. At current prices, GDP increased by 5.8 per cent in 2021.