Economy - overview:
The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Financial services constitute the second-most important sector of the Bahamian economy and, when combined with business services, account for about 35% of GDP. Manufacturing and agriculture combined contribute less than a 10th of GDP and show little growth, despite government incentives aimed at those sectors. The economy of The Bahamas shrank at an average pace of 0.8% annually between 2007-2011, and tourism, financial services, and construction - pillars of the national economy - remain subdued. Conditions are improving in the tourism sector, however, due to steady foreign investment led activity. New resort and marina developments are likely to provide sustained employment opportunities.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Bahamas, The on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bahamas, The Economy 2015 information contained here. All suggestions for corrections of any errors about Bahamas, The Economy 2015 should be addressed to the CIA.
$11.4 billion (2013 est.)
country comparison to the world: 152
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$8.373 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
1.9% (2013 est.)
country comparison to the world: 149
[see also: GDP - real growth rate country ranks ]
$32,000 (2013 est.)
country comparison to the world: 43
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
14.3% of GDP (2013 est.)
country comparison to the world: 112
[see also: Gross national saving country ranks ]
household consumption:
68.7%
government consumption:
15.5%
investment in fixed capital:
34.4%
investment in inventories:
0%
exports of goods and services:
45.8%
imports of goods and services:
-64.4%
agriculture:
2.1%
industry:
7.1%
services:
90.8% (2013 est.)
citrus, vegetables; poultry
tourism, banking, oil bunkering, maritime industries, transshipment, salt, rum, aragonite, pharmaceuticals
1.5% (2013 est.)
country comparison to the world: 133
[see also: Industrial production growth rate country ranks ]
196,900 (2013 est.)
country comparison to the world: 171
[see also: Labor force country ranks ]
agriculture:
3%
industry:
11%
tourism:
49%
other services:
37% (2011 est.)
16.2% (2013 est.)
country comparison to the world: 145
[see also: Unemployment rate country ranks ]
9.3% (2010 est.)
[see also: Population below poverty line country ranks ]
lowest 10%:
1%
highest 10%:
22% (2007)
revenues:
$1.41 billion
expenditures:
$2.1 billion (2012 est.)
16.8% of GDP (2012 est.)
country comparison to the world: 183
[see also: Taxes and other revenues country ranks ]
-8.2% of GDP (2012 est.)
country comparison to the world: 197
[see also: Budget surplus (+) or deficit (-) country ranks ]
1 July - 30 June
1% (2013 est.)
country comparison to the world: 26
[see also: Inflation rate (consumer prices) country ranks ]
4.5% (1 January 2014 est.)
country comparison to the world: 80
[see also: Central bank discount rate country ranks ]
4.75% (31 December 2013 est.)
country comparison to the world: 154
[see also: Commercial bank prime lending rate country ranks ]
$1.435 billion (31 December 2013 est.)
country comparison to the world: 139
[see also: Stock of narrow money country ranks ]
$6.329 billion (31 December 2013 est.)
country comparison to the world: 121
[see also: Stock of broad money country ranks ]
$9.2 billion (31 December 2013 est.)
country comparison to the world: 99
[see also: Stock of domestic credit country ranks ]
$NA (31 December 2012 est.)
[see also: Market value of publicly traded shares country ranks ]
-$1.372 billion (2013 est.)
country comparison to the world: 129
[see also: Current account balance country ranks ]
$960 million (2013 est.)
country comparison to the world: 162
[see also: Exports country ranks ]
crawfish, aragonite, crude salt, polystyrene products
Singapore 25.1%, US 20.6%, Dominican Republic 12.9%, Ecuador 9.4%, Canada 5.8%, Switzerland 4.1%, China 4.1% (2012)
$3.245 billion (2013 est.)
country comparison to the world: 144
[see also: Imports country ranks ]
machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals
US 30.1%, India 20.3%, Singapore 8.7%, South Korea 6.8%, China 5%, Colombia 4.5%, Canada 4.2% (2012)
$830 million (31 December 2013 est.)
country comparison to the world: 142
[see also: Reserves of foreign exchange and gold country ranks ]
$17.56 billion (31 December 2013 est.)
country comparison to the world: 85
[see also: Debt - external country ranks ]
Bahamian dollars (BSD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
Airport Codes
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This page was last modified 10-Feb-15