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 (2015): United States, France, and Dominica
Top 3 Exported Goods (2015): Plastics, Oil & Mineral Fuels, and Seafood

Top Industries Source: CIA World Factbook

Tourism; Banking; Cement; Oil Transshipment

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $12,056,433,993 (2017)
GDP Growth Rate (annual %) 1.437% (2017)
GDP Per Capita, PPP (current international) $31,581 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 154/196 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.266% (2018)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 33.8% (2019)
Real Interest Rate (5 year average %) 2.937% (2017)
Manufacturing, value added (% of GDP) 2.609% (2017)
Current Account Balance (BoP, current US$) ($1,980,643,149) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 225,780 (2019)
Employment in Agriculture (% of total employment) 2.583% (2019)
Employment in Industry (% of total employment) 16.094% (2019)
Employment in Services (% of total employment) 81.324% (2019)
Unemployment Rate 11.502% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $5,084,900,000 (2017)
Exports of goods and services (current US$) $4,093,100,000 (2017)
Total Merchandise Trade (% of GDP) 30.25% (2017)
FDI, net inflows (BoP, current US$) $942,800,000 (2018)
Commercial Service Exports (current US$) $2,808,571,297 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank