Economy Overview
high-income tourism and financial services economy; major income inequality; strong US bilateral relations; several tax relief programs; targeted investment in agriculture, energy, light manufacturing, and technology industries
Agriculture Products
sugar cane, grapefruit, vegetables, bananas, tomatoes, poultry, tropical fruit, oranges, coconuts, mangoes/guavas
Industries
tourism, banking, oil bunkering, maritime industries, transshipment and logistics, salt, aragonite, pharmaceuticals
Industrial Production Growth Rate
8.51% (2021 est.)comparison ranking: 45
Labor Force
224,400 (2021 est.)comparison ranking: 174
Unemployment Rate
13.24% (2021 est.)13.32% (2020 est.)10.06% (2019 est.)
Youth Unemployment Rate
Total: 30.8% (2021 est.)
Male: 27.5%
Female: 35.6%
Population Below Poverty Line
9.3% (2010 est.)
Household Income or Consumption by Percentage Share
Lowest 10%: 1%
Highest 10%: 22% (2007 est.)
Budget
Revenues: $2.087 billion (2020 est.)
Expenditures: $2.899 billion (2020 est.)
Budget Surplus
-2.6% (of GDP) (2017 est.)comparison ranking: 114
Public Debt
84.45% of GDP (2020 est.)57.05% of GDP (2019 est.)56.78% of GDP (2018 est.)
Commercial Bank Prime Lending Rate
Market Value of Publicly Traded Shares
Reserves of Foreign Exchange and Gold
$2.433 billion (31 December 2021 est.)$2.382 billion (31 December 2020 est.)$1.758 billion (31 December 2019 est.)
Debt External
$17.56 billion (31 December 2013 est.)$16.35 billion (31 December 2012 est.)
Stock of Direct Foreign Investment at Home
Stock of Direct Foreign Investment Abroad
Exchange Rates
0: Bahamian dollars (BSD) per US dollar -
Exchange rates: 1 (2021 est.)1 (2020 est.)1 (2019 est.)1 (2018 est.)1 (2017 est.)
