Economy of The Bahamas

Imports
Imports commoditiesmachinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals
Import partnersUS 30.1%, India 20.3%, Singapore 8.7%, South Korea 6.8%, China 5%, Colombia 4.5%, Canada 4.2% (2012)
Exports
Exports commoditiescrawfish, aragonite, crude salt, polystyrene products
Export partnersSingapore 25.1%, US 20.6%, Dominican Republic 12.9%, Ecuador 9.4%, Canada 5.8%, Switzerland 4.1%, China 4.1% (2012)
Economy sectors
Agriculture productscitrus, vegetables; poultry
Industrial productstourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals
Economy
Unemployment16.2 % (2013)14.0 % (2012)13.7 % (2011)
Unemployment of The Bahamas
GDP - Official Exchange Rate8.37 Billion $ (2013)8.04 Billion $ (2012)7.87 Billion $ (2011)
GDP - Official Exchange Rate of The Bahamas
GDP growth rate1.90 % (2013)1.80 % (2012)1.60 % (2011)
GDP growth rate of The Bahamas
GDP per Capita (PPP)32,000 $ (2013)31,300 $ (2012)30,900 $ (2011)
GDP per Capita (PPP) of The Bahamas
GDP - Purchasing Power Parity11.4 Billion $ (2013)11.0 Billion $ (2012)10.8 Billion $ (2011)
GDP - Purchasing Power Parity of The Bahamas
GDP PPP per land area821 Thousand $ per square kilometer (2013)795 Thousand $ per square kilometer (2012)776 Thousand $ per square kilometer (2011)
GDP PPP per land area of The Bahamas
ElectricityBanking
Central bank discount rate4.50 % (2014)4.50 % (2012)4.00 % (2011)
Central bank discount rate of The Bahamas
Commercial bank prime lending rate4.75 % (2013)4.75 % (2012)5.06 % (2011)
Commercial bank prime lending rate of The Bahamas
GDP decomposition by sector
Agriculture % of GDP2.10 % (2013)2.10 % (2012)
Industry % of GDP7.10 % (2013)7.20 % (2012)
Services % of GDP90.8 % (2013)90.7 % (2012)
Tourism
International tourism, number of arrivals1.42 Million (2012)1.35 Million (2011)1.37 Million (2010)
International tourism, number of arrivals of The Bahamas
Yearly Tourist arrivals to residents ratio382 % (2012)430 % (2011)380 % (2010)
Yearly Tourist arrivals to residents ratio of The Bahamas
Debt, Current Account Balance and Budget Deficit
Current Account Balance (Percentage of GDP)-18.40 % of GDP (2012)-15.28 % of GDP (2011)-10.32 % of GDP (2010)
Current Account Balance (Percentage of GDP) of The Bahamas
Current Account Balance (Total)-1.37 Billion $ (2013)-1.42 Billion $ (2012)-1.09 Billion $ (2011)
Current Account Balance (Total) of The Bahamas
External Debt (Total)17.6 Billion $ (2013)16.4 Billion $ (2012)14.9 Billion $ (2011)
External Debt (Total) of The Bahamas
External Debt (Percentage of GDP)210 % of GDP (2013)203 % of GDP (2012)190 % of GDP (2011)
External Debt (Percentage of GDP) of The Bahamas
External Debt per Capita46,532 $ (2013)43,956 $ (2012)47,652 $ (2011)
External Debt per Capita of The Bahamas