The Bahamas GDP Data & Country Report

The Bahamas Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in The Bahamas; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of The Bahamas

International Reserves

US$ 1.044 billion (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 7.787 billion (2009 estimate)

GDP (Purchasing Power Parity)

9.136 billion of International dollars (2009 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.3%	-0.6%	2.2%	0.7%	1.6%	5%	3.5%	1.9%
2008	2009	2010	2011*
-1.7%	-4.3%	0.5%	1.3%

*Estimate

GDP per capita - current prices

US$ 22,353 (2008 estimate)

GDP per capita - PPP

$26,226 International Dollars (2008 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.02%	0.02%	0.02%	0.01%	0.01%

**Forecast

GDP - composition by sector

agriculture: 1.2%
industry: 14.7%
services: 84.1% (2001 estimate)

(Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
4.5%(2008)	2.1%	1.7%	2%

*Estimate

Unemployment rate

2008	2009	2010	2011*
8.7%	14.2%	15%(2009)	13%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
34.9%	36.8%	41.4%	47.1%	50.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-2.5%	-2.1%	-4.9%	-5.3%	-4.8%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: BBB+/Stable/A-2

Moody's rating: A3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in The Bahamas

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -1.2 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

-15% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

45.3% (2007)

(Data released on December 2010)

Shares in world total merchandising export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.06%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

N/A

Export commodities

mineral products and salt, animal products, rum, chemicals, fruit and vegetables

Total imports

US$2.401 billion (2006)

Import commodities

machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals

Exports - major partners

US 20.4%, Singapore 15.5%, Spain 14.5%, Poland 14.3%, Germany 6.6%, Guatemala 5.7%, Switzerland 5.2% (2007)

Imports - major partners

US 26.7%, South Korea 14.1%, Japan 13.5%, Italy 7.5%, Singapore 5.2%, Venezuela 4.5%, Spain 4.3% (2007)

FDI inflows

2008	2009	2010
US$1,103 million	US$657 million(2009)	US$977 million(2009)

FDI outflows

2008	2009	2010
N/A	N/A	N/A

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$537 million	US$11 million(2009)	US$112 million(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 77 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 66 out of 183 countries(2009)

Registering property: 154 out of 183 countries

Paying Taxes: 50 out of 183 countries

Getting credit: 72 out of 183 countries

Protecting investors: 109 out of 183 countries

Trading across border: 45 out of 183 countries

Enforcing Contracts: 120 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 46 Score: 68 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC-5

Total area

13,943 km² (2006)

Capital

Nassau (2009)

Currency

Bahamian dollars (BSD) (2009)

Government type

constitutional parliamentary democracy and a Commonwealth realm (2009)

Languages

English (official), Creole (among Haitian immigrants)

Religions

Baptist 35.4%, Anglican 15.1%, Roman Catholic 13.5%, Pentecostal 8.1%, Church of God 4.8%, Methodist 4.2%, other Christian 15.2%, none or unspecified 2.9%, other 0.8% (2000 census)

Total population

1980	1990	2000	2010*	2015**
0.21 million	0.25 million	0.3 million	0.35 million	0.36 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
59.7%	73.1%	82%	83.9%

Population median age

28.0 years (2006)

Population growth rate

1.2% (2009)

Life expectancy

73 years (2007)

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

162.65% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

43% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

6.385 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2010)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

The Bahamas GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010: