Bermuda’s current account surplus dropped to its lowest level in at least three years, as a fall in travel revenue and a rise in job losses in the international business sector took effect, according to the latest statistics released by Government.

The Department of Statistics’ Balance of Payments report for the fourth quarter of 2008 revealed that the Island’s current account declined by more than $110 million for last year’s fourth quarter compared to the same period in 2007.

The goods account recorded a deficit of $276 million in the last quarter of 2008, but service transactions realised a surplus of $122 million during the same time, representing a $25 million increase year-over-year.

For the full story see the Business section of tomorrow’s paper.