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

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -14.80 2 8.3 8.3 8.3 8.3
Unemployment Rate (%) 25.60 18 11 11 11 11
Inflation Rate (%) 2.70 1.8 2 2 2.1 2.1
Interest Rate (%) 4.00 4 4.5 4.5 4.5 4.5
Balance of Trade (BSD Million) -530.00 -615 -615 -615 -615 -607
Current Account (BSD Million) -460.80 -250 -250 -250 -250 -310
Current Account to GDP (% of GDP) -17.60 -16 -8 -8 -8 -8
Government Debt to GDP (% of GDP) 83.80 70.9 70.9 70 70 70
Government Budget (% of GDP) -6.40 -6.7 -3 -3 -3 -3
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Corporate Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -14.80 2 8.3 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 25700 26800 26800 26800 26800
GDP per capita PPP (USD) 30764.12 34200 36000 36000 36000 36000

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

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.70 1.8 2 2 2.1 2.1
Inflation Rate Mom (%) 0.30 0.1 0.1 0.1 0.1 0.1
Consumer Price Index CPI (points) 110.30 114 111 112 113 113

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 4.00 4 4.5 4.5 4.5 4.5
Deposit Interest Rate (%) 0.45 1.24 0.45 0.95 0.95 0.95
Foreign Exchange Reserves (BSD Million) 2370.01 1980 1980 1980 1980 1980

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (BSD Million) -530.00 -615 -615 -615 -615 -607
Current Account (BSD Million) -460.80 -250 -250 -250 -250 -310
Current Account to GDP (% of GDP) -17.60 -16 -8 -8 -8 -8
Exports (BSD Million ) 161.40 175 175 175 175 180
Imports (BSD Million) 691.50 790 790 790 790 787
Tourist Arrivals (Thousand) 135.10 200 200 200 200 500

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 83.80 70.9 70.9 70 70 70
Government Budget (% of GDP) -6.40 -6.7 -3 -3 -3 -3

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Bank Lending Rate (%) 9.85 9.85 10.35 10.35 10.35 10.35

Housing Actual Q4 Q1 Q2 Q3 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.