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Economy of the Bahamas

Population: 377 thousand in 20131

GDP: $8.1 billion in 20122

GDP per capita: $22,096 nominal3 ($23,102 PPP4) in 2012

GDP growth rate: 0.7% in 20135


GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities3,93550.0%
Wholesale, retail trade, restaurants and hotels1,97425.1%
Transport, storage and communication6278.0%
Mining and utilities2943.7%
Agriculture, hunting, forestry, fishing1592.0%
Total value added7,865100%


Unemployment rate: 13.6% in 20137

Employment by Industry 8

Employment sectorPercent of total
Other services37%


Top 10 Corporations by Revenue 20139



Household Wealth: $10 billion (123% of GDP) in 201410

Household Wealth per Adult: $42,522 in 201410

Gini Coefficient: N/A


Central Government

Central Government Revenue: $1.4 billion (17% of GDP) in 201211

Central Government Expenditure: $2.1 billion (26% of GDP) in 201211

Central Government Budget Balance: -$0.7 billion (-9% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: 4.1% in 201312

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 201313

Corporate Tax Rate: 0% in 201414

Monetary Policy

Money Supply (M0): $1.6 billion (20% of GDP) in 2013* 15

Benchmark Interest Rate: Discount Rate = 4.50% in Jan 201516

Total Reserves: $0.8 billion (10% of GDP) in 201317

Exchange Rate: 1.00 Bahamian Dollar = 1 U.S. Dollar on Feb 18, 201518

Inflation: 0.4% in 201319

* Money supply calculated using the exchange rate 1 BSD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201320

N/A (data not available at Relbanks.com)

International Accounts

Exports: $1.0 billion (12% of GDP) in 201321

Imports: $3.2 billion (39% of GDP) in 201321

Trade Balance: -$2.2 billion (-27% of GDP) in 201321

Foreign Direct Investment Inflow: $0.4 billion (5% of GDP) in 201322

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Bloomberg (Government bond yield) Go back
13. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: World Bank Indicators (Money supply) Go back
16. Source: Central Bank of the Bahamas (Benchmark interest rate) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: xe.com (Exchange rate) Go back
19. Source: World Bank Indicators (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: World Bank Indicators (FDI data) Go back