Bahamas Economy 2019
The economy of the bahamas is dependent upon tourism and offshore banking the bahamas is the richest country in the west indies and is ranked 14th in north america for nominal gdp.
Bahamas economy 2019. Tourism accounts for approximately 50 of gdp and directly or indirectly employs half of the archipelago s labor force. With independence in 1973 the country freed itself from the uk s exchange control legislation and set up an offshore banking and investment. Home factbook countries bahamas the.
Tourism accounts for approximately 75 80 of gdp and directly or indirectly employs half of the archipelago s labor force. The bahamas has the second highest per capital gdp in the english speaking caribbean with an economy heavily dependent on tourism and international banking. Steady growth in tourism receipts and a boom in construction of new hotels resorts and residences had led to solid.
The bahamas has the second highest per capita gdp in the english speaking caribbean with an economy heavily dependent on tourism and financial services. Although still reeling from the damage caused by hurricane dorian in 2019 economic recovery in the bahamas will be severely stalled as the country feels the brunt of the global coronavirus pandemic through the shutdown of global tourism. Tourism accounts for approximately 50 of gdp and directly or indirectly employs half of the.
Hurricane dorian is the strongest storm ever to hit the bahamas and the country will struggle to get its tourism based economy back on track for quite some time. Bahamas economic growth for 2016 was 11 94b a 1 58 increase from 2015. Its overall score has increased by 1 6 points due to a much higher score for property rights.
It is a stable developing nation in the lucayan archipelago with a population of 391 232 2016. Bahamas economic growth for 2019 was 12 83b a 3 24 increase from 2018. Bahamas economic growth for 2017 was 12 15b a 1 78 increase from 2016.
The bahamas has the second highest per capita gdp in the english speaking caribbean with an economy heavily dependent on tourism and financial services. Bahamas economic growth for 2018 was 12 42b a 2 26 increase from 2017. Bahamas the economy profile 2019.
