Bahamas recorded a Current Account surplus of 0.60 percent of the country's Gross Domestic Product in 2019. source: World Bank

Current Account to GDP in Bahamas averaged -4.35 percent from 1980 until 2019, reaching an all time high of 5.60 percent in 1993 and a record low of -20.10 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 March of 2021.

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
0.60 -12.10 5.60 -20.10 1980 - 2019 percent Yearly

Bahamas Trade Last Previous Highest Lowest Unit
Balance of Trade -540.50 -454.70 -251.40 -782.00 BSD Million [+]
Current Account -843.20 -701.70 301.10 -843.20 BSD Million [+]
Current Account to GDP 0.60 -12.10 5.60 -20.10 percent [+]
Imports 652.90 515.60 996.60 373.30 BSD Million [+]
Exports 112.40 60.90 277.80 60.90 BSD Million [+]
Tourist Arrivals 23.40 3.94 749.04 3.94 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.