Bahamas: Economy

Economic Trivia

The Bahamas is one of the wealthiest nations in the Caribbean.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): United States, Barbados, and Trinidad and Tobago
Top 3 Exported Goods (2014): Plastics, Oil & Mineral Fuels, and Organic Chemicals

Top Industries Source: CIA World Factbook

Tourism; Banking; Cement; Oil Transshipment

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $8,998,371,152 (2014)
GDP Growth Rate (annual %) 1.023% (2014)
GDP Per Capita, PPP (current international) $23,491 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 154/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.507% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 33.7% (2015)
Real Interest Rate (5 year average %) 4.842% (2014)
Manufacturing, value added (% of GDP) 4.083% (2014)
Current Account Balance (BoP, current US$) ($1,529,092,699) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 223,955 (2014)
Employment in Agriculture (% of total employment) 3.7% (2011)
Employment in Industry (% of total employment) 12.9% (2011)
Employment in Services (% of total employment) 83% (2011)
Unemployment Rate 15.4% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $5,183,070,000 (2014)
Exports of goods and services (current US$) $3,738,820,000 (2014)
Total Merchandise Trade (% of GDP) 48.4% (2014)
FDI, net inflows (BoP, current US$) $266,394,538 (2014)
Commercial Service Exports (current US$) $2,812,198,103 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Bahamas’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary