Bahamas recorded a Current Account deficit of 15.50 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Bahamas averaged -4.72 percent from 1980 until 2018, reaching an all time high of 5.60 percent in 1993 and a record low of -20.20 percent in 2014. This page provides - Bahamas Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas Current Account to GDP - values, historical data and charts - was last updated on August of 2020.

Current Account to GDP in Bahamas is expected to reach -9.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas Current Account to GDP is projected to trend around -10.00 percent in 2021 and -11.00 percent in 2022, according to our econometric models.

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Bahamas Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-15.50 -16.30 5.60 -17.30 1980 - 2018 percent Yearly

Bahamas Trade Last Previous Highest Lowest Unit
Balance of Trade -590.00 -572.60 -251.40 -782.00 BSD Million [+]
Current Account 231.60 -137.20 231.60 -664.60 BSD Million [+]
Current Account to GDP -15.50 -16.30 5.60 -17.30 percent [+]
Imports 703.70 681.40 996.60 373.30 BSD Million [+]
Exports 113.70 108.80 277.80 90.00 BSD Million [+]
Tourist Arrivals 302.10 711.70 749.04 150.30 Thousand [+]


Bahamas Current Account to GDP
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.