Beruflich Dokumente
Kultur Dokumente
INTERNATIONAL INVESTMENT
POSITION
FOR THE QUARTER ENDED DECEMBER 2015
FAST FACTS
BALANCE OF PAYMENTS
Current Account
The Bermuda current account recorded a surplus of
$204 million in the fourth quarter of 2015 (Figure 1
and Table 1).
This represented a $38 million
decrease year-over-year.
The deficit on the goods account decreased by
$7 million to $223 million.
Employee
Compensation
42.9%
Government
2.7%
300
242
250
$Million
Figure 2
Q4 2015 Current Account Receipts
218
172
200
207
Other
Income
4.1%
Secondary
Income
4.2%
Business
25.2%
204
Investment
Income
10.8%
Travel
8.4%
150
Exports
0.5%
Transport
1.2%
100
50
0
Q4
Q1
Q2
Q3
Q4
2014
2015
2015
Quarter
2015
2015
Financial,
Accounts
Capital,
and
Reserve
Assets
DEPARTMENT OF STATISTICS
600
Figure 3
Primary Income Account Surplus/Deficit
(BD$) million
$Million
500
414
410
400
410
377
367
300
200
100
0
Q4
Q1
Q2
Q3
Q4
2014
2015
2015
Quarter
2015
2015
R revised, P provisional
2014
Q1
2014
Q2
2014
Q3
2014
Q4
2015
Q1
2015
Q2
2015
Q3
2015
Q4
220
227
60
61
102
30
5
19
47
4
89
16
73
0
67
604
260
258
71
63
121
39
8
19
54
4
68
17
51
0
70
656
255
275
67
71
132
52
10
18
51
4
79
17
62
0
67
676
234
239
61
68
106
35
8
18
45
4
65
16
48
0
68
606
217
231
61
60
108
33
13
19
44
2
66
16
50
0
68
583
260
251
70
62
117
38
13
20
45
3
69
17
52
0
68
648
230
273
69
73
129
55
10
19
44
2
100
16
84
0
65
669
227
256
61
67
120
35
9
24
52
7
60
16
44
0
65
608
5
284
9
42
195
21
34
15
124
39
482
334
96
52
28
799
6
349
8
138
201
23
38
16
124
2
484
334
116
34
29
867
6
366
9
148
209
23
47
17
121
1
429
334
67
29
32
834
5
331
8
73
229
40
56
16
118
21
479
333
116
30
33
847
5
291
8
48
199
27
34
18
121
35
477
344
79
53
29
801
5
335
9
131
194
20
38
16
121
1
446
322
90
34
34
820
5
369
10
139
219
40
52
18
109
1
467
352
82
33
34
876
4
305
10
68
205
21
50
15
118
22
470
349
88
33
34
813
-215
57
-52
-19
93
-9
29
-4
77
35
393
317
24
52
-39
196
-254
90
-63
75
81
-16
30
-2
70
-2
416
316
65
34
-41
211
-250
92
-59
76
77
-29
37
-1
70
-3
350
316
5
29
-35
158
-230
92
-53
5
123
5
47
-2
72
17
414
317
67
30
-35
242
-213
60
-53
-12
91
-7
21
0
77
33
410
327
29
53
-39
218
-255
84
-61
69
78
-18
24
-4
75
-2
377
304
38
34
-34
172
-225
96
-58
66
90
-16
42
-1
65
-2
367
336
-3
33
-31
207
-223
49
-52
1
84
-14
41
-9
67
15
410
333
44
33
-32
204
41
-163
38
-633
-9
31
-407
29
-390
-2
-2
-639
97
-480
-13
50
-645
12
957
10
-41
1,164
15
-343
6
4
312
29
340
7
179
-1,911
31
134
-6
-226
2,030
35
-1,025
1
-726
21
-767
-4
-260
-738
-8
-191
17
-788
-1,037
-15
-105
9
-1,053
383
-2
-782
-11
861
801
64
38
9
531
692
-218
179
-2
559
-1,573
-37
-119
-14
-1,696
814
-12
-8
7
584
-1,010
-284
0
-970
-232
0
-1,164
-126
0
67
-317
0
641
-160
0
517
-175
0
-1,865
-292
0
571
-243
0
284
232
126
317
160
175
292
243
88
21
-31
75
-59
85
39
1,2
(BD$) MILLIONS
COMPONENTS
ASSETS
BY FUNCTIONAL CATEGORY
Direct investment
Portfolio investment
Financial Derivatives (other than reserves) and ESOs
Other investment
Reserve Assets
BY INSTRUMENT
Equity and investment fund share/units
Debt instruments:
Special drawing rights
Currency and deposits
Debt securities
Loans
Insurance, pension, standardized guarantee
schemes
Other accounts receivable/payable
Other financial assets and liabilities
TOTAL ASSETS
LIABILITIES
BY FUNCTIONAL CATEGORY
Direct investment
Portfolio investment
Financial Derivatives (other than reserves) and ESOs
Other investment
BY INSTRUMENT
Equity and investment fund share/units
Debt instruments:
Special drawing rights
Currency and deposits
Debt securities
Loans
Insurance, pension, standardized guarantee
schemes
Other accounts receivable/payable
Other financial assets and liabilities
TOTAL LIABILITIES
NET IIP
2014
Q4
2015
Q1
2015
Q2
2015
Q3
2015
Q4
934
12,264
100
3,170
137
887
13,716
86
2,815
142
898
14,080
78
3,161
149
1,072
12,203
77
3,292
143
843
14,094
71
2,258
143
939
15,566
1,961
12,395
1,087
921
16,640
1,588
13,824
1,101
889
17,399
1,718
14,238
1,316
811
15,899
2,173
12,607
1,023
793
16,545
1,092
14,286
1,063
122
100
16,605
127
86
17,646
127
78
18,366
96
77
16,786
104
71
17,409
2,687
628
27
8,958
2,734
666
33
9,575
2,460
841
33
10,075
2,436
725
20
8,427
2,432
717
27
9,471
3,078
9,195
n.a.
6,685
237
2,259
3,049
9,926
n.a.
7,293
351
2,265
2,830
10,546
n.a.
7,752
471
2,264
2,809
8,778
n.a.
6,106
351
2,261
2,824
9,796
n.a.
7,149
325
2,265
15
27
12,300
4,305
18
33
13,007
4,639
59
33
13,410
4,956
60
20
11,607
5,179
57
27
12,647
4,762
Households
Nonand
General
Financial
financial
2,3
NPISHs
government corporations corporations
Total
economy
ASSETS
23
2,265
15,049
72
17,409
Direct investment
n.a
805
38
843
Portfolio investment
15
-
2,265
-
11,800
71
14
-
14,094
71
2,230
20
2,258
143
LIABILITIES
Direct investment
Portfolio investment
Financial Derivatives (other than reserves) and ESOs
Other investment
NET IIP
2,185
143
9,565
897
12,647
1,655
777
2,432
708
27
9
-
717
27
2,185
7,175
111
9,471
23
80
5,484
(825)
4,762
Resident
The concept of residency is very important in the BOP
because the BOP is in fact a statement of transactions
between residents and non-residents. A unit must have a
centre of predominant economic interest within an
economic territory for at least one year or more to be
considered resident of that territory.
Seasonal workers
Workers from overseas who come to Bermuda to work
for a few months in the year or every year are
considered seasonal workers. Their expenditure on
living expenses in Bermuda is included as travel
receipts. Similarly, their income received from
employers in Bermuda is a BOP outflow under
compensation of employees.
Current Account
Transactions on goods, services, income, and current
transfers are allocated to the current account.
Transactions in exports and interest income are
examples of receipts, while imports and interest
expenses are payments. The difference between
payments and receipts determines if Bermudas current
account is in surplus or deficit.
Capital Account
Payments
Financial Account
Receipts
All monies that are received by residents from nonresidents are considered receipts.
DEPARTMENT OF STATISTICS
WHAT
IS
THE
INTERNATIONAL
INVESTMENT POSITION (IIP)?*
Debt securities
Direct Investment
Portfolio Investment