The bahamas skyline

Bahamas, The Economy

Bahamas, The's economy in numbers:

Nominal GDP of USD 12.9 billion in 2022.

Nominal GDP of USD 12.9 billion in 2022.

GDP per capita of USD 32,243 compared to the global average of USD 10,589.

GDP per capita of USD 32,243 compared to the global average of USD 10,589.

Average real GDP growth of 1.4% over the last decade.

Average real GDP growth of 1.4% over the last decade.

Share of the region's population
Share of the region's GDP

GDP by economic sector
GDP by type of expenditure

Economic growth:

The economy recorded average annual growth of 1.4% in the decade to 2022. To read more about GDP growth in Bahamas, The, go to our dedicated page.

Fiscal policy:

Bahamas, The's fiscal deficit averaged 2.7% of GDP in the decade to 2022. Find out more on our dedicated page.

Inflation:

Inflation averaged 1.8% in the decade to 2022. Go to our Bahamas, The inflation page for extra insight.

Exchange Rate:

From end-2015 to end-2022 the Bahamian dollar stayed on the same level vs the U.S. dollar. For more info on the Bahamian dollar, click here.
Projections out to 2034.

29 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 2 expert analysts.

Want to get insight on the economic outlook for Bahamas, The in the coming years? FocusEconomics collects projections out to 2034 on 29 economic indicators for Bahamas, The from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Bahamas, The economy. To download a sample report on the Bahamas, The's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.

Bahamas, The Economic Data

2019 2020 2021 2022 2023
Current Account Balance (% of GDP) -2.8 -23.8 -21.5 -9.4 -7.5
Population (million) 0.4 0.4 0.4 0.4 0.4
GDP (USD bn) 13.0 9.9 11.3 13.1 14.3
GDP per Capita (USD) 33,723 25,535 28,783 32,840 35,402
GDP (LCU bn) 13.0 10.0 11.4 13.1 14.3
Economic Growth (Nominal GDP, ann. var. %) 3.2 -23.5 14.2 15.5 9.2
Economic Growth (GDP, ann. var. %) -1.4 -21.4 15.4 10.8 2.6
Fiscal Balance (% of GDP) 0.9 -4.3 -8.9 -1.3 0.3
Public Debt (% of GDP) 61.4 74.6 99.7 88.6 81.5
Inflation (CPI, ann. var. %, eop) 1.4 1.2 4.1 5.5 1.9
Inflation (CPI, ann. var. %, aop) 2.5 0.0 2.9 5.6 3.1
Exchange Rate (BSD per USD, eop) 1.00 1.00 1.00 1.00 1.00
Exchange Rate (LCU per USD, aop) 1.00 1.00 1.00 1.00 1.00
Current Account Balance (USD bn) -0.4 -2.4 -2.4 -1.2 -1.1
Merchandise Trade Balance (USD bn) -2.3 -1.6 -2.6 -2.9 -
Merchandise Exports (USD bn) 0.7 0.4 0.6 0.8 -
Merchandise Imports (USD bn) 3.0 2.0 3.3 3.7 -
Merchandise Exports (ann. var. %) 8.4 -38.0 48.0 31.2 -
Merchandise Imports (ann. var. %) -9.3 -32.7 61.3 14.8 -
Foreign Direct Investment (USD bn) 0.5 0.4 0.4 0.5 1.5
International Reserves (USD bn) 1.8 2.4 2.4 2.6 2.5
International Reserves (months of imports) 7.0 14.1 8.9 8.4 -
External Debt (USD bn) 2.6 4.0 4.3 4.8 5.0
External Debt (% of GDP) 19.8 40.6 38.3 37.0 35.2

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