Source
Central bank

Central Bank of The Bahamas

International Reserves

USD 0.9 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 9.3 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 9.4 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
2.5% 1.5% -2.3% -4.2% 1.5% 0.6% 3.1%
2013 2014 2015 2016* 2017*    
0% -0.5% -1.7% 0.3% 1%    

*Estimate

GDP per capita - current prices

USD 25,095.5 (2017, estimate)

GDP per capita - PPP

Intl$ 25,114.6 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.02% 0.01% 0.01% 0.01% 0.007%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2.3% 
  • industry: 7.6% 
  • services: 90.1%

(2016 estimate)

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

N/A

 

Inflation
2013 2014 2015 2016* 2017*
0.4% 1.2% 1.9% 1.0% 1.5%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
15.8% 14.6% 13.4% 14.3% 13.9%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
55.4% 60.2% 64.4% 65.9% 66.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-6.4% -5.6% -4.4% -3% -2.5%

*Estimate

Government bond ratings

Standard & Poor's: BB+

Moody's: Baa3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies in The Bahamas

N/A

 
 
Source
Current account balance

USD -1.0 billion (2017 estimate)

Current account balance by percentage of GDP

-10.7% (2017 estimate)​

Exports as percent of GDP(Exports of goods and services)

38.6% (2015)

 

Shares in world total merchandising export

0.003% (2015)

Shares in world total commercial services export

0.06% (2015)

Total exports

USD 880.0 millions (2016 estimate)

Export commodities

Crawfish, aragonite, crude salt, polystyrene products

Total imports

USD 2.5 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

Poland 26.3%, Cote dIvoire 20.9%, US 15.9%, Dominican Republic 14.3% (2015)

Imports - major partners

US 22.3%, China 14.8%, Japan 9.5%, Poland 7.7%, South Korea 7.3%, Colombia 6.8%, Brazil 5.6%, Singapore 5.5% (2015)

FDI inflows
2013 2014 2015
USD 1,111 million USD 1,596 million USD 385 million
FDI outflows
2013 2014 2015
USD 277 million USD 397 million USD 158 million
Value of cross-border M&A; by country of purchaser
2012 2013 2014 2015
N/A USD -123.2 million USD -374.2 million USD 1879.0 million
Cross-border M&A; deals worth over $3 billion completed in 2014 (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 2015 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 121 out of 190 countries (2016)

Subcategories:

Starting a business: 118 out of 190 countries

Enforcing Contracts: 75 out of 190 countries

Registering Property: 166 out of 190 countries

Getting credit: 139 out of 190 countries

Protecting investors: 118 out of 190 countries

Trading across border: 152 out of 190 countries

Paying Taxes: 95 out of 190 countries

Dealing with Construction Permits: 110 out of 190 countries

Getting Electricity: 116 out of 190 countries

Resolving Insolvency: 59 out of 190 countries

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 31 / Score: 70.92 (Mostly free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-5

Total area

113,880 sq km

Capital

Nassau

Currency

Bahamian dollars (BSD)

Government type

constitutional parliamentary democracy and a Commonwealth realm

Languages

English (official), Creole (among Haitian immigrants)

Religions

Protestant 69.9% (includes Baptist 34.9%, Anglican 13.7%, Pentecostal 8.9% Seventh Day Adventist 4.4%, Methodist 3.6%, Church of God 1.9%, Brethren 1.6%), Roman Catholic 12%, other Christian 13% (includes Jehovah's Witness 1.1%), other 0.6%, none 1.9%, unspecified 2.6% (2010 est.)

Total population
1990 2000 2010 2014* 2019**
0.254 million 0.303 million 0.345 million 0.36 million 0.381 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
59.7% 73% 82% 83%
Population median age

31.2 years (2014 est.)

Population growth rate

0.87% (2014 est.)

Life expectancy

71.93 years (2014 estimate)

Adult literacy

95.6% (2003 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

 

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

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

Total telephone subscribers as % of population

Fixed 36.0%  Mobile 76.1%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

72.00% (2013)

Cost of living - Mercer 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)

6.8 (2010)

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World's Best Subcustodian Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

Additional Awards