Source
Central bank

Central Bank of The Bahamas

International Reserves

US$ 807 million (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 9 billion (2014 estimate)

GDP (Purchasing Power Parity)

12 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
0.7% 1.6% 3.4% 2.5% 1.4% -2.3% -4.2% 1.0%
2011 2012 2013 2014*        
1.7% 1.8% 1.9% 2.3%        

*Estimate

GDP per capita - current prices

US$ 24,485 (2014 estimate)

GDP per capita - PPP

$32,905 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.02% 0.02% 0.02% 0.01% 0.01%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2.1% 
  • industry: 7.1% 
  • services: 90.8% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
3.2% 2.0% 0.3% 2.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
15.9% 14.0% 16.2% 15.5%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
44.8% 47.7% 51.2% 56.3% 59.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.3% -4.6% -5.6% -6.6% -5.2%

*Estimate

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in The Bahamas

N/A

 
 
Source
Current account balance

US$ -1.299 billion (2014 estimate)

Current account balance by percentage of GDP

-14.726% of GDP (2014)

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

N/A

 

Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.06% (2012)

(Data were released in 2014)

Total exports

US$960 million (2013 estimate) 

Export commodities

crawfish, aragonite, crude salt, polystyrene products

Total imports

US$3.245 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Singapore 25.1%, US 20.6%, Dominican Republic 12.9%, Ecuador 9.4%, Canada 5.8%, Switzerland 4.1%, China 4.1% (2012)

Imports - major partners

US 30.1%, India 20.3%, Singapore 8.7%, South Korea 6.8%, China 5%, Colombia 4.5%, Canada 4.2% (2012)

FDI inflows
 
2011 2012 2013
US$1,533 million US$1,073 million US$1,111 million
FDI outflows
2011 2012 2013  
US$524  million US$132  million US$277 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$112  million US$-350 million US$228 million US$-10 million
Cross-border M&A; deals worth over $3 billion completed in 2012(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 2013(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, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 84 out of 189 countries (2013)

Subcategories:

Starting a business: 83 out of 189 countries(2009)

Enforcing Contracts: 125 out of 189 countries

Registering Property: 182 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 115 out of 189 countries

Trading across border: 72 out of 189 countries

Paying Taxes: 45 out of 189 countries

Dealing with Construction Permits: 75 out of 189 countries

Getting Electricity: 45 out of 189 countries

Resolving Insolvency: 32 out of 189 countries

(2013)

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: 36 Score: 69.8 (Moderately Free) (2014)

(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)

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