The Gross Domestic Product (GDP) in Bahamas expanded 0.90 percent in 2019 from the previous year.

GDP Annual Growth Rate in Bahamas averaged 1.58 percent from 1990 until 2019, reaching an all time high of 7.90 percent in 1997 and a record low of -4.20 percent in 2009. This page provides - Bahamas GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2020.

GDP Annual Growth Rate in Bahamas is expected to reach -4.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas GDP Annual Growth Rate is projected to trend around 1.00 percent in 2021 and 1.60 percent in 2022, according to our econometric models.

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Bahamas GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 1.60 7.90 -4.20 1990 - 2019 percent Yearly

Bahamas GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 0.90 1.60 7.90 -4.20 percent [+]
GDP 12.83 12.42 12.83 0.17 USD Billion [+]
GDP per capita 27477.96 27261.21 32236.45 16903.51 USD [+]
GDP per capita PPP 35782.80 35500.54 41979.48 33778.10 USD [+]


Bahamas GDP Annual Growth Rate
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.