Bahamas Current Account to GDP

Bahamas recorded a Current Account deficit of 14.10 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Bahamas is reported by the World Bank. From 1976 until 2012, Bahamas Current Account to GDP averaged -6.0 Percent reaching an all time high of 10.6 Percent in December of 1976 and a record low of -18.6 Percent in December of 1998. 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. This page provides - Bahamas Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-14.10 -14.01 10.61 -18.59 -16.20 | 2013/12 1976 - 2012 Percent Yearly

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Bahamas Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -515222.00 2013-06-30 -510225.00 -284951.00 -645287.00 -491192.30 2013-09-30 Thousand Bahamian Dollars [+]
Current Account -533.10 2013-09-30 -293.80 -49.20 -533.10 -461.75 2013-12-31 USD Million [+]
Current Account to GDP -14.10 2012-12-31 -14.01 10.61 -18.59 -16.20 2013-12-31 Percent [+]
Exports 86716.00 2013-06-30 65088.00 112285.00 24561.00 75648.14 2013-09-30 Thousand Bahamian Dollars [+]
Imports 601938.00 2013-06-30 575313.00 730220.00 336784.00 564441.63 2013-09-30 Thousand Bahamian Dollars [+]
Tourist Arrivals 1600981.00 2013-12-31 1325162.00 5003967.00 1008081.00 1497808.14 2014-03-31 Persons [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Bahamas Inflation Rate at 1.74 Percent  
The inflation rate in Bahamas was recorded at 1.74 percent in February of 2014. Inflation Rate in Bahamas is reported by the Department of Statistics of The Bahamas.
Bahamas Personal Income Tax Rate at 0.00 percent  
The Personal Income Tax Rate in Bahamas stands at 0 percent. Personal Income Tax Rate in Bahamas is reported by the Ministry of Finance, Bahamas.
Bahamas Unemployment Rate at 15.40 Percent  
Unemployment Rate in Bahamas increased to 15.40 percent in 2013 from 14 percent in 2012. Unemployment Rate in Bahamas is reported by the Bahamas Department of Statistics.
Bahamas GDP Annual Growth Rate at 1.90 Percent  
The Gross Domestic Product (GDP) in Bahamas expanded 1.90 percent in 2013 from the previous year. GDP Annual Growth Rate in Bahamas is reported by the Central Bank of The Bahamas.
Bahamas Visitor Arrivals at 1600981.00 Persons  
Tourist Arrivals in Bahamas increased to 1600981 Persons in the fourth quarter of 2013 from 1325162 Persons in the third quarter of 2013. Tourist Arrivals in Bahamas is reported by the Central Bank of The Bahamas.
Bahamas Interest Rate at 4.50 Percent  
The benchmark interest rate in Bahamas was last recorded at 4.50 percent. Interest Rate in Bahamas is reported by the Central Bank of The Bahamas.
Bahamas Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Bahamas stands at 0 percent. Corporate Tax Rate in Bahamas is reported by the Ministry of Finance, Bahamas.
Bahamas Balance of Trade at -515222.00 Thousand Bahamian Dollars  
Bahamas recorded a trade deficit of 515222 Thousand Bahamian Dollars in the second quarter of 2013. Balance of Trade in Bahamas is reported by the Central Bank of The Bahamas.
Bahamas Exports at 86716.00 Thousand Bahamian Dollars  
Exports in Bahamas increased to 86716 Thousand Bahamian Dollars in the second quarter of 2013 from 65088 Thousand Bahamian Dollars in the first quarter of 2013. Exports in Bahamas is reported by the Central Bank of The Bahamas.
Bahamas Imports at 601938.00 Thousand Bahamian Dollars  
Imports in Bahamas increased to 601938 Thousand Bahamian Dollars in the second quarter of 2013 from 575313 Thousand Bahamian Dollars in the first quarter of 2013. Imports in Bahamas is reported by the Central Bank of The Bahamas.
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