Bahamas GDP Annual Growth Rate  1990-2016 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Bahamas expanded 1.20 percent in 2015 from the previous year. GDP Annual Growth Rate in Bahamas averaged 1.56 percent from 1990 until 2015, reaching an all time high of 7.90 percent in 1997 and a record low of -4.20 percent in 2009.

Bahamas GDP Annual Growth Rate
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Bahamas GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.20 1.00 7.90 -4.20 percent [+]
GDP 8.88 8.51 8.88 0.17 USD Billion [+]
GDP per capita 21441.84 21457.87 25132.48 13244.13 USD [+]
GDP per capita PPP 22394.31 22411.06 26248.90 21216.90 USD [+]



Bahamas GDP Annual Growth Rate Notes

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. The main obstacles to further development are high trade tariffs and overdependence on tourism. In the last few years, the government has also been retooling the financial sector, in order to diminish the impact of tax regulation in other countries. This page provides - Bahamas GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.00 7.90 -4.20 1990 - 2015 percent Yearly



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