Bahamas : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$2.854 billion (2011 est.)
$2.591 billion (2010 est.)


$709.7 million (2011 est.)
$702.4 million (2010 est.)

Inflation rate (consumer prices)

3.2% (2011 est.)
1.3% (2010 est.)

Unemployment rate

14.2% (2009 est.)
8.7% (2008 est.)

GDP - per capita (PPP)

$31,400 (2011 est.)
$31,100 (2010 est.)
$31,100 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

-0.5% (2010 est.)
-3.9% (2009 est.)
-1.7% (2008 est.)

Internet users

115,800 (2009)

Telephones - mobile cellular

428,400 (2009)

Population growth rate

0.904% (2012 est.)


316,182 (July 2012 est.)
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 distribution of population by age and sex than would otherwise be expected

Historical background

Lucayan Indians inhabited the islands when Christopher COLUMBUS first set foot in the New World on San Salvador in 1492.

British settlement of the islands began in 1647; the islands became a colony in 1783.

Since attaining independence from the UK in 1973, The Bahamas has prospered through tourism and international banking and investment management.

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Economic overview

The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking.

Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force.

Prior to 2006, a steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to solid GDP growth but since then tourism receipts have begun to drop off.

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Oxford Economics

Country Economic Forecasts > Bahamas The

Country Economic Forecasts > Bahamas The

  • $ 185
  • Country report
  • August 2014
  • by Oxford Economics

GDP grew an estimated 0.7% in 2013, held back by a 1.9% fall in business investment, weak growth in private consumption and a 7.6% fall in total exports, notwithstanding a small rise in tourist arrivals. ...

  • Countries : Bahamas

PRS Group

ICRG Annual: Volume 1, The Americas

ICRG Annual: Volume 1, The Americas

  • $ 386
  • Country report
  • October 2014
  • by PRS Group

Purchase individual volumes of the International Country Risk Guide Annual (described separately). Choose from seven perfect-bound volumes (6 regional volumes and one volume of country risk ratings & statistics ...

  • Countries : South America, North America, World, Dominican Republic, Venezuela, Argentina, United States, Nicaragua, Guatemala, El Salvador, Dominica, Costa Rica, Uruguay, Suriname, Paraguay, Guyana, Ecuador, Chile, Colombia, Bolivia, Brazil, Panama, Mexico, Jamaica, Honduras, Haiti, Canada, Bahamas, Peru, Cuba

The Economist Intelligence Unit

Country Report Bahamas 1st Quarter 2015

Country Report Bahamas 1st Quarter 2015

  • $ 285
  • Country report
  • January 2015
  • by The Economist Intelligence Unit

Outlook for 2015-16 Despite some policy U-turns, continuing public support and an overwhelming majority in the legislature will support the Progressive Liberal Party government's ability to advance its ...

  • Countries : Bahamas

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