The Gross Domestic Product (GDP) in Bahamas expanded 2 percent in 2021, according to projections from the IMF. source: Central Bank of The Bahamas

GDP Annual Growth Rate in Bahamas averaged 1.09 percent from 1990 until 2021, reaching an all time high of 7.90 percent in 1997 and a record low of -14.80 percent in 2020. This page provides - Bahamas GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas GDP Annual Growth Rate - values, historical data and charts - was last updated on August of 2022.

GDP Annual Growth Rate in Bahamas is expected to reach 8.30 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas GDP Annual Growth Rate is projected to trend around 8.30 percent in 2023 and 4.00 percent in 2024, according to our econometric models.

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Bahamas GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate 2.00 -14.80 percent Dec 2021

Bahamas GDP Annual Growth Rate
The Bahamas is one of the richest countries in the Caribbean. The most important sector of the economy is tourism, which employs around half of the labour force and accounts for 60 percent of GDP. Due to low taxes, The Bahamas is a major off-shore centre and financial services account for 12 percent of GDP. The shipping industry, one of the largest in the world, is also a valuable source of income. The Bahamas is heavily dependent on the United States, the country’s largest trading partner.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 -14.80 7.90 -14.80 1990 - 2021 percent Yearly