Bahamas recorded a Current Account deficit of 17.60 percent of the country's Gross Domestic Product in 2020. source: World Bank

Current Account to GDP in Bahamas averaged -4.58 percent from 1980 until 2020, reaching an all time high of 5.60 percent in 1993 and a record low of -20.10 percent in 2014. This page provides - Bahamas Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Bahamas is expected to reach -23.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas Current Account to GDP is projected to trend around -17.00 percent in 2022 and -11.00 percent in 2023, according to our econometric models.

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Bahamas Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-17.60 3.90 5.60 -20.10 1980 - 2020 percent of GDP Yearly

Bahamas Trade Last Previous Highest Lowest Unit
Balance of Trade -572.30 -508.70 -251.40 -782.00 BSD Million [+]
Current Account -991.20 -805.70 301.10 -991.20 BSD Million [+]
Current Account to GDP -17.60 3.90 5.60 -20.10 percent of GDP [+]
Exports 114.20 102.80 277.80 61.80 BSD Million [+]
Imports 686.60 611.50 996.60 373.30 BSD Million [+]
Tourist Arrivals 23.60 13.20 749.04 0.00 Thousand [+]


Bahamas Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.