Regarding Bermuda’s economic performance, I am pleased to report that in the 1st quarter of 2022, Bermuda’s economy continues its positive trend, supported by the rebounding of tourism and strong consumer spending.
1st Quarter GDP and Economic Performance
After adjusting for inflation, real GDP increased by 3.9% during the first quarter of 2022 and represents the fourth consecutive quarter of year-over-year economic growth.
Consumer Spending