Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.00 1 1 1 1 1

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -14.80 2 2 8.3 8.3 8.3
Unemployment Rate (%) 25.60 18 18 11 11 11
Inflation Rate (%) 1.39 1.7 1.8 2 2 2.1
Interest Rate (%) 4.00 4 4 4.5 4.5 4.5
Balance of Trade (BSD Million) -572.30 -630 -630 -630 -630 -615
Current Account (BSD Million) -991.20 -220 -250 -250 -250 -310
Current Account to GDP (% of GDP) -17.60 -23 -23 -17 -17 -17
Government Debt to GDP (% of GDP) 83.80 70 70 70 70 70
Government Budget (% of GDP) -6.40 -5.5 -5.5 -5.5 -5.5 -4.5
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Corporate Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -14.80 2 2 8.3 8.3 8.3
GDP (USD Billion) 11.25 12.6 12.6 12.6 12.6 12.8
GDP per capita (USD) 23971.11 27200 27200 27200 27200 27300
GDP per capita PPP (USD) 30764.12 34000 34000 34000 34000 34600

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 25.60 18 18 11 11 11
Population (Million) 0.39 0.41 0.42 0.42 0.42 0.43

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.39 1.7 1.8 2 2 2.1
Inflation Rate Mom (%) 0.10 0.2 0.1 0.1 0.1 0.1
Consumer Price Index CPI (points) 109.80 110 111 112 112 113

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 4.00 4 4 4.5 4.5 4.5
Deposit Interest Rate (%) 0.45 0.45 1.24 0.45 0.95 0.95
Foreign Exchange Reserves (BSD Million) 2047.01 1980 1980 1980 1980 1980

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (BSD Million) -572.30 -630 -630 -630 -630 -615
Current Account (BSD Million) -991.20 -220 -250 -250 -250 -310
Current Account to GDP (% of GDP) -17.60 -23 -23 -17 -17 -17
Exports (BSD Million ) 114.20 165 175 175 175 180
Imports (BSD Million) 686.60 750 790 790 790 787
Tourist Arrivals (Thousand) 68.40 150 200 200 200 500

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 83.80 70 70 70 70 70
Government Budget (% of GDP) -6.40 -5.5 -5.5 -5.5 -5.5 -4.5

Taxes Actual Q3 Q4 Q1 Q2 2022
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 9.80 9.8 9.8 9.8 9.8 9.8
Social Security Rate For Companies (%) 5.90 5.9 5.9 5.9 5.9 5.9
Social Security Rate For Employees (%) 3.90 3.9 3.9 3.9 3.9 3.9
Sales Tax Rate (%) 12.00 12 12 12 12 12

Consumer Actual Q3 Q4 Q1 Q2 2022
Bank Lending Rate (%) 10.50 10.5 10.5 11 11 11

Housing Actual Q3 Q4 Q1 Q2 2022
Building Permits (Units) 267.00 380 380 380 380 380


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.