Bahamas GDP Composition by Sector

The Bahamas' GDP is primarily dominated by the services sector, constituting over half of the economic contribution. A significant portion, roughly 23%, is due to wholesale, retail trade, restaurants, and hotels, confirming the nation’s reliance on tourism. Transport, storage, and communication account for nearly 11% of the GDP. The industries of mining, manufacturing, utilities, and construction together form roughly 13%, while agriculture, hunting, forestry, and fishing make up less than 1%. The sectors have shown modest year-on-year growth over the last two years, maintaining a steady trajectory with a moderate CAGR over the past five years.

Future trends to monitor include the potential growth of digital services in boosting the services sector. Additionally, investments in sustainable tourism and diversified transport and communication infrastructure could significantly reshape the GDP composition. Enhanced focus on the agriculture sector through government initiatives might incrementally increase its economic contribution.