Economy - 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. Financial services constitute the second-most important sector of the Bahamian economy and, when combined with business services, account for about 35% of GDP. Manufacturing and agriculture combined contribute less than one 10th of GDP and show little growth, despite government incentives aimed at those sectors. The economy of The Bahamas shrank at an average pace of 0.8% annually between 2007 and 2011, and tourism, financial services, and construction - pillars of the national economy - remain subdued. Conditions are improving in the tourism sector, however, due to steady foreign investment led activity. New resort and marina developments are likely to provide sustained employment opportunities.

GDP (purchasing power parity):
$9.231 billion (2015 est.) $9.12 billion (2014 est.) $9.027 billion (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 160
[see also: GDP country ranks ]

GDP (official exchange rate):
$8.884 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1.2% (2015 est.) 1% (2014 est.) 0% (2013 est.)
country comparison to the world: 170
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$25,600 (2015 est.) $25,300 (2014 est.) $25,100 (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 73
[see also: GDP - per capita country ranks ]

Gross national saving:
8.5% of GDP (2015 est.) 6.5% of GDP (2014 est.) 9.3% of GDP (2013 est.)
country comparison to the world: 157
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 70.8%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 15.5%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 28%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 38.6%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -53.9% (2015 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 2.1%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 7.3%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 90.6% (2015 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
citrus, vegetables; poultry

Industries:
tourism, banking, oil bunkering, maritime industries, transshipment, salt, rum, aragonite, pharmaceuticals

Industrial production growth rate:
1.5% (2015 est.)
country comparison to the world: 133
[see also: Industrial production growth rate country ranks ]

Labor force:
196,900 (2013 est.)
country comparison to the world: 172
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 3%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 11%
[see also: Labor force - by occupation - industry country ranks ]
tourism: 49%
other services: 37% (2011 est.)

Unemployment rate:
15% (2014 est.) 15.8% (2013 est.)
country comparison to the world: 150
[see also: Unemployment rate country ranks ]

Population below poverty line:
9.3% (2010 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 22% (2007 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $1.6 billion
[see also: Budget revenues country ranks ]
expenditures: $1.8 billion (2015 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
18% of GDP (2015 est.)
country comparison to the world: 174
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.3% of GDP (2015 est.)
country comparison to the world: 81
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
57.6% of GDP (2013 est.) 56.1% of GDP (2012 est.)
country comparison to the world: 65
[see also: Public debt country ranks ]

Fiscal year:
1 July - 30 June

Inflation rate (consumer prices):
1.8% (2015 est.) 1.5% (2014 est.)
country comparison to the world: 106
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.5% (1 January 2014) 4.5% (31 December 2012)
country comparison to the world: 82
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
5.1% (31 December 2015 est.) 4.75% (31 December 2014 est.)
country comparison to the world: 148
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$2.101 billion (31 December 2015 est.) $1.996 billion (31 December 2014 est.)
country comparison to the world: 125
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$6.453 billion (31 December 2014 est.) $6.076 billion (31 December 2013 est.)
country comparison to the world: 121
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$9.4 billion (31 December 2015 est.) $8.825 billion (31 December 2014 est.)
country comparison to the world: 104
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$2.78 billion (31 December 2012 est.)
country comparison to the world: 96
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$1.149 billion (2015 est.) -$1.891 billion (2014 est.)
country comparison to the world: 124
[see also: Current account balance country ranks ]

Exports:
$976.1 million (2015 est.) $848.8 million (2014 est.)
country comparison to the world: 160
[see also: Exports country ranks ]

Exports - commodities:
crawfish, aragonite, crude salt, polystyrene products

Exports - partners:
Cote d'Ivoire 20.5%, US 14.7%, India 13.4%, Dominican Republic 10.6%, Mexico 6.9%, Ecuador 4.9% (2014)

Imports:
$2.65 billion (2015 est.) $3.27 billion (2014 est.)
country comparison to the world: 151
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals

Imports - partners:
US 30.8%, Japan 11.4%, Singapore 9.4%, South Korea 7.7%, Colombia 7.4%, China 6.8%, Brazil 5.6% (2014)

Reserves of foreign exchange and gold:
$950 million (31 December 2015 est.) $874.3 million (31 December 2014 est.)
country comparison to the world: 136
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$17.56 billion (31 December 2013 est.) $16.35 billion (31 December 2012 est.)
country comparison to the world: 90
[see also: Debt - external country ranks ]

Exchange rates:
Bahamian dollars (BSD) per US dollar - 1 (2015 est.) 1 (2014 est.) 1 (2013 est.) 1 (2012 est.) 1 (2011 est.)