This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Economy of the Bahamas" – news · newspapers · books · scholar · JSTOR(November 2019) (Learn how and when to remove this message)
Economy of the Bahamas
Nassau is the capital and financial center of the Bahamas
Main data source:CIA World Fact Book All values, unless otherwise stated, are in US dollars.
The economy of the Bahamas is dependent upon tourism and offshore banking. The Bahamas is the richest country in the West Indies and is ranked 14th in North America for nominal GDP.[8] It is a stable, developing nation in the Lucayan Archipelago, with a population of 391,232 (2016). Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth for many years. The slowdown in the Economy of the United States and the September 11 attacks held back growth in these sectors from 2001 to 2003.
Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left the Bahamas. Manufacturing and agriculture together contribute approximately 10% of GDP and show little growth, despite government incentives for those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector, which depends on growth in the United States, the source of more than 80% of the visitors. In addition to tourism and banking, the government supports the development of a "2nd-pillar", e-commerce.
^ abcdef"World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 21 October 2019.
^"Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
^"Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
^"Global trade statistics".
^"Export Partners of the Bahamas". The Observatory of Economic Complexity. Retrieved 9 March 2024.
^"Import Partners of the Bahamas". The Observatory of Economic Complexity. Retrieved 9 March 2024.
^"Sovereigns rating list". Standard & Poor's. Retrieved 26 May 2011.
^"GDP Ranked by Country 2021".
and 25 Related for: Economy of the Bahamas information
TheBahamas (/bəˈhɑːməz/ bə-HAH-məz), officially the Commonwealth ofTheBahamas, is a country in North America. It is an island country within the Lucayan...
Bahamian cuisine refers to the foods and beverages ofTheBahamas. It includes seafood such as fish, shellfish, lobster, crab, and conch, as well as tropical...
Taxation in theBahamas is collected by the Government oftheBahamas. TheBahamas are considered a tax haven given the lack of income tax, capital gains...
The dollar (sign: $; code: BSD) has been the currency ofTheBahamas since 1966. It is normally abbreviated with the dollar sign $, or alternatively B$...
theBahamas was largely controlled by a group of influential white merchants known as the "Bay Street Boys", who dominated both theeconomy and the legislature...
The following outline is provided as an overview of and topical guide to TheBahamas: Commonwealth ofTheBahamas – sovereign island country comprising...
The earliest arrival of people in the islands now known as TheBahamas was in the first millennium AD. The first inhabitants ofthe islands were the Lucayans...
identify the BISX as defined under ISO 10383. ofthe International Organization for Standardization (ISO) is: XBAA. EconomyoftheBahamas List of stock...
Exuma is a district ofTheBahamas, consisting of over 365 islands and cays. The largest ofthe islands is Great Exuma, which is 37 mi (60 km) in length...
island in the archipelagic state ofThe Commonwealth oftheBahamas and to its associated group of smaller islands. Eleuthera forms a part ofthe Great Bahama...
government in TheBahamas exists at two levels: 32 districts and 41 towns. The boundaries of districts are defined by the First Schedule ofTheBahamas Local...
a list of governors oftheBahamas. The first English settlement in theBahamas was on Eleuthera. In 1670, the king granted theBahamas to the lords proprietors...
TheBahamas are a group of about 700 islands and cays in the western Atlantic Ocean, of which only between 30 and 40 are inhabited. The largest of the...
Bahamas Customs & Excise Department is the agency ofthe Bahamian government responsible for collecting revenue and taxes. It was established on March...
Grand Bahama is the northernmost ofthe islands oftheBahamas, with the town of West End located 56 nautical miles (64 mi; 104 km) east of Palm Beach, Florida...
The University ofTheBahamas (UB) is the national public institution of higher education in the Commonwealth ofTheBahamas with campuses throughout the...
The United States is a highly developed/advanced mixed economy. It is the world's largest economy by nominal GDP; it is also the second largest by purchasing...
TheBahamas has a strong bilateral relationship with the United Kingdom, represented by a High Commissioner in London. TheBahamas also associates closely...
TheBahamas is a net importer of food, importing almost 90% of its food supply. Of food imports, 80% are from the United States. Only about 0.8% of the...
culture is a hybrid of African, European, and other cultures. Junkanoo is a large contributor to the music ofTheBahamas. It is a type of street carnival...
This is a list of airports in theBahamas, grouped by island and sorted by location. TheBahamas, officially the Commonwealth ofTheBahamas, is an English-speaking...
Global Information
