21, Nov 2009, CST. Welcome to the Bahamas economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Bahamas, The › Change country
National or Regional Currency: Bahamian Dollar, BSD
Year of data: 2008 › Change year
Number of Indicators Listed: 17
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 309156 note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the dist
Area: total: 13,940 sq km land: 10,070 sq km water: 3,870 sq km
Natural Resources: salt, aragonite, timber, arable land
Government Type: Bahamas, The government type
Government Ministers: Bahamas, The ministers
Capital: Nassau
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

The Bahamas is amongst the wealthiest Caribbean countries with an economy heavily dependent on tourism and transportation and offshore banks and financial institutions and financial services. Tourism and transportation together with tourism and transportation-driven construction and building and industrial manufacturing accounts for about 60 per cent of Gross Domestic Product (GDP) and directly or indirectly employs half of the archipelago's workforce. Steady growth in tourism and transportation receipts and a boom in construction and building of new hotels, resorts, and residences had led to solid Gross Domestic Product (GDP) growth in recent years, but tourist arrivals have been on the decline since 2006 and will probably drop even further in 2009. Tourism and transportation, in turn, depends on growth in the USA, the source of more than 80 per cent of the visitors. To aid offset the effect of the global financial crisis, in particular on employment, the INGRAHAM government plans to engage in infrastructure and facilities projects. Financial services constitute the second-most important sector of the Bahamian economy and, when combined with business services, account for approximately 36 per cent of Gross Domestic Product (GDP). However, since December 2000, when the state enacted new regulations on the financial sector, many international businesses have left The Bahamas. Industrial manufacturing and Agriculture, fisheries and farming combined contribute about a tenth of Gross Domestic Product (GDP) and show little growth, despite government incentives and subsidies aimed at those sectors. Overall prospects for growth in the short run rest heavily on the fortunes of the tourism and transportation sector.
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GDP (Constant Prices, National Currency) for Bahamas in year 2008 is BSD 4.566 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Bahamas in year 2008 is -1.25 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Bahamas in year 2008 is BSD 7.463 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Bahamas in year 2008 is US$ 7.463 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Bahamas in year 2008 is 163.453 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Bahamas in year 2008 is BSD 13,555.01 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Bahamas in year 2008 is BSD 22,156.04 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Bahamas in year 2008 is US$ 22,156.04 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Bahamas in year 2008 is not available

GDP (PPP), US Dollars for Bahamas in year 2008 is US$ 9.228 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Bahamas in year 2008 is US$ 27,394.04 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Bahamas in year 2008 is 0.012 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Bahamas in year 2008 is 0.809 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Bahamas in year 2008 is not available

Gross National Savings (% of GDP) for Bahamas in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Bahamas in year 2008 is 120.704 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Bahamas in year 2008 is 4.475 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Bahamas in year 2008 is 121.875 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Bahamas in year 2008 is 4.547 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Bahamas in year 2008 is not available

Unemployment Rate (% of Labour Force) for Bahamas in year 2008 is not available

Employment for Bahamas in year 2008 is not available

Population for Bahamas in year 2008 is 0.337 Million .

General Government Balance (National Currency) for Bahamas in year 2008 is not available

General Government Balance (% of GDP) for Bahamas in year 2008 is not available

General Government Structural Balance (National Currency) for Bahamas in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Bahamas in year 2008 is not available

General Government Net Debt (National Currency) for Bahamas in year 2008 is not available

General Government Net Debt (% GDP) for Bahamas in year 2008 is not available

General Government Gross Debt (National Currency) for Bahamas in year 2008 is not available

General Government Gross Debt (% GDP) for Bahamas in year 2008 is not available

Current Account Balance (US Dollars) for Bahamas in year 2008 is US$ -1.001 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Bahamas in year 2008 is -13.417 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.