Bahamas - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Bahamas including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Bahamas economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.00
1 1 1 1 1
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.50
percent
2.4 2.4 2.6 2.6 2.8
GDP 12.16
USD Billion
12.27 12.27 13 13 13.6
GDP per capita 26538.95
USD
25000 25000 25900 25900 26400
GDP per capita PPP 27717.85
USD
27000 27000 27500 27500 28000
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 10.10
percent
12 12 12.75 11 13
Population 0.38
Million
0.38 0.38 0.38 0.38 0.39
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.80
percent
2 2.2 2.2 2.3 2.4
Inflation Rate Mom -0.20
percent
0.11 0.11 0.11 0.11 0.11
Consumer Price Index Cpi 103.94
Index Points
105 106 106 106 111
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 4.00
percent
4 4 4 4 4
Money Supply M0 302.00
BSD Million
291 290 290 290 290
Deposit Interest Rate 1.24
percent
1.24 1.24 1.24 1.24 1.24
Money Supply M1 2754.00
BSD Million
2802 2806 2808 2808 2809
Money Supply M2 6859.00
BSD Million
6959 7001 7042 7084 7487
Money Supply M3 7145.00
BSD Million
7245 7288 7331 7375 7798
Foreign Exchange Reserves 1661.79
BSD Million
1750 1840 1920 1940 1980
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -596.60
BSD Million
-577 -566 -577 -564 -571
Exports 124.50
BSD Million
109 125 119 125 121
Imports 721.10
BSD Million
685 695 696 689 692
Current Account -472.60
BSD Million
-450 -450 -420 -375 -450
Current Account to GDP -11.40
percent
-12 -12 -10 -10 -10
Tourist Arrivals 707.50
Thousand
760 840 745 790 880
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 67.80
percent
72 72 76 76 80
Government Budget -5.80
percent of GDP
-6.4 -6.4 -6.6 -6.6 -6.3
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 7933.28
KBps
8082 8105 8128 8149 8266
IP Addresses 80351.00
IP
85024 86022 87006 87984 97812
Ease of Doing Business 119.00
126 126 123 123 125
Corruption Index 65.00
Points
65 65 65 65 64
Corruption Rank 28.00
28 28 28 28 28
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Private Sector Credit 5939.25
BSD Million
5939 5939 5939 5939 5939
Bank Lending Rate 11.79
percent
11.79 11.79 11.79 11.79 11.79
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Building Permits 314.00
Units
325 344 343 336 351
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 0.00
percent
0 0 0 0 0
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Social Security Rate 9.80
percent
9.8 9.8 9.8 9.8 10.8
Social Security Rate For Companies 5.90
percent
5.9 5.9 5.9 5.9 5.9
Social Security Rate For Employees 3.90
percent
3.9 3.9 3.9 3.9 3.9
Sales Tax Rate 7.50
percent
7.5 7.5 7.5 7.5 7.5
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 28.66
celsius
28.13 24.34 22.43 26.31 25.74