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) $8,809,299,146 (2016)
GDP Growth Rate (annual %) 0.166% (2016)
GDP Per Capita, PPP (current international) $22,517 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 154/195 (2016)

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 %) -0.346% (2016)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 31.5% (2017)
Real Interest Rate (5 year average %) 4.72% (2016)
Manufacturing, value added (% of GDP) 3.093% (2016)
Current Account Balance (BoP, current US$) ($1,106,292,887) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 238,735 (2017)
Employment in Agriculture (% of total employment) 4.013% (2017)
Employment in Industry (% of total employment) 11.738% (2017)
Employment in Services (% of total employment) 84.248% (2017)
Unemployment Rate 12.573% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $4,686,200,000 (2016)
Exports of goods and services (current US$) $3,955,700,000 (2016)
Total Merchandise Trade (% of GDP) 26.978% (2016)
FDI, net inflows (BoP, current US$) $73,723,568 (2016)
Commercial Service Exports (current US$) $2,893,456,599 (2016)
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