North & Central America and Caribbean

Bahamas
Last reviewed: 27 June 2008

Country information

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ECONOMY

Basic Economic Facts

GDP (Per Capita Indicator): US$20,393 (2007 est)
GDP (Purchasing Power Parity): US$ 8.332 billion (2007 est)
GDP (Official Exchange Rate): US$6.586 billion (2007 est)
GDP (Real Growth Rate): 3.1% est
Inflation: (Consumer Prices) 2.4 (2007 est)
Unemployment Rate: 7.6% (2006 est)
Major industries: Tourism, banking, cement, oil trans-shipment, salt, rum, aragonite, pharmaceuticals and spiral-welded steel pipe, agriculture
Major Trading Partners: Export partners, 2005: US 31.5%, Spain 30.2%, Germany 9.4%, France 5.7% (EIU) Import partners, 2005: US 23.4%, South Korea 15.1%, Brazil 7.4$, Venezuela 6.3%
Agricultural products: Citrus, winter vegetables and poultry are the mainstay of the agricultural sector which is concentrated in The Abacos