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    The Government of the Bahamas > About The Bahamas > Economic Indicators
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Economic Structure
Macroeconomic Indicators

 

1993
1994
1995
1996
1997
1998
1999
2000
Real GDP Growth Rate
-2.1%
2.0%
1.1%
4.2%
3.3%
3.0%
6.0%
5.0%
Nominal GDP
2,853.6
3,053.1
3,069.3
3,742.0
3,940.0
4,190.0
4,575.0
4,920.0
Population ('000)
269
273
278
285
289
294
298
305
Per Capita Income
10,608
11,184
11,041
13,130
13,640
14,267
15,332
16,131
2.Inflation Rate (Average chg in RPI)
2.7
1.3
2.1
1.4
0.5
1.3
1.3
1.6
Retail Price Index (Oct/Nov 1995=100)
96.3
97.6
99.7
101.1
101.6
103.0
104.3
105.7
3.Wage Indices
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.Unemployment Rate
13.1
13.3
10.9
11.5
9.8
7.8
7.8
N/A
5.Fiscal Accounts B$MN
Current Balance
3.7
66.6
65.0
35.8
30.1
35.6
66.8
123.1
Current Balance % of GDP
0.1
2.2
2.1
1.0
0.8
0.8
1.5
2.5
Overall Balance (Excl. net lending & grants)
(85.1)
(20.0)
(32.2)
(33.8)
(100.3)
(46.4)
(15.7)
24.2
Overall Balance % of GDP
(3.0)
(0.7)
(1.0)
(0.9)
(2.5)
(1.1)
(0.3)
0.5
Current Revenues (Excl. Grants)
537.1
618.2
651.2
685.9
729
760.9
868.8
940.8
Current Revenue % of GDP
18.8
20.2
21.2
18.3
18.5
18.2
18.9
18.9
Current Expenditure
533.4
551.6
586.2
650.1
698.9
725.3
787.745
817.7
Current Expenditure % of GDP
18.7
18.1
19.1
17.4
17.7
17.3
17.2
16.6
Capital Expenditure (Excl. net lending)
88.8
86.6
97.2
69.6
130.4
82
96.8
98.9
Capital Expenditure % of GDP
3.1
2.8
3.2
1.9
3.3
2.0
2.1
2.0
Internal Financing
168.0
120.0
80.6
131.5
191.2
107
124.73
55.8
Internal Financing % of GDP
5.9
3.9
2.6
3.5
4.9
2.6
2.7
1.1
External Financing
15.3
14.1
6.8
7.8
53.6
5.8
28.4
15.6
External Financing % of GDP
0.5
0.5
0.2
0.2
1.3
0.1
0.6
0.3
6.Interest Rates (%)
Prime Lending Rate
7.25
6.75
6.75
6.75
6.75
6.75
6.00
6.00
3 months Time Deposit Rate
5.20
4.38
4.20
5.10
5.34
5.58
4.49
3.97
Weighted Average Loan Rate
14.88
14.22
13.26
12.56
12.78
12.33
11.84
11.73
7.Int'l Reserves B$ MN:
    Gross Reserves
164.3
173.6
170.6
163.0
219.5
338.8
404.0
342.6
    Changes in Reserves
9.3
(3.0)
(7.6)
56.5
119.3
65.2
(61.4)
    Import Cover Ratio (weeks)
8.5
9.1
8.4
7.3
8.5
11.2
11.8
9.5
8.Monetary Base
199.4
223.5
232.0
227.2
257.2
310.2
373.5
360.8
9.B$/US$: Exchange Rate
    End of Period
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
    Period Average
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
    High
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
    Low
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
10.Balance of Payments B$ MN:
    Current Balance
49.7
(41.6)
(148.2)
(269.3)
(665.1)
(995.7)
(406.1)
(560.3)
    Current Balance % of GDP
1.7
(1.4)
(4.8)
(7.2)
(16.9)
(23.8)
(8.9)
(11.4)
    Capital & Financial Balance
(0.1)
55.2
97.1
156.8
405.4
860.0
583.6
403.0
    Capital & Financial Balance % of GDP
(0.0)
1.8
3.2
4.2
10.3
20.5
12.8
8.2
11.Total Public Sector Debt B$ MN.
1,537.8
1,579.4
1,583.3
1,633.4
1,799.2
1,868.9
1,962.9
1,952.2
    of which:   External
359.6
332.2
304.6
283.9
330.3
339.3
353.0
351.9
                       Internal
1,178.2
1,247.2
1,278.7
1,349.5
1,468.9
1,529.6
1,609.9
  1,600.3
    (foreign currency debt)
453.4
409.6
392.6
357.4
395.7
394.6
390.3
 377.7
    Debt Service Ratio
5.0%
5.6%
5.1%
5.4%
5.6%
3.8%
3.0%
2.8%
    Total Debt/GDP
53.9
51.7
51.6
43.7
45.7
44.6
42.9
39.7
12.Domestic Public Sector Debt: B$MN
1,084.4
1,169.1
1,190.0
1,276.9
1,404.8
1,471.5
1,572.0
1,574.5
    Loans
124.3
126.6
126.6
128.6
123.5
121.8
117.4
115.8
    Securities
960.2
1,042.5
1,063.4
1,148.3
1,281.3
1,349.7
1,454.6
1458.7
13.Tourism
     Air Arrivals  ('000s)
1,327.9
1,332.3
1,317.1
1,368.0
1,368.1
1,304.9
1,438.9
1,481.5
    Sea Arrivals  ('000s)
2,344.4
2,114.1
1,922.1
2,047.8
2,085.7
2,042.8
2,209.4
2,722.3
    Total Arrivals  ('000s)
3,672.3
3,446.4
3,239.2
3,415.9
3,453.8
3,347.7
3,648.3
4,203.8
    Tourist Expenditure (B$m)
1,304.0
1,332.6
1,346.3
1,397.9
1,415.9
1,354.0
1,582.9
1,677.8
14.Construction
    Number of Permits Issued
2,365
2,618
2,303
2,489
2,695
2,923
3,144
 3,176
    Value of Starts (B$ Millions)
121
175.3
119.3
180.2
458.6
163.52
162.5
193.4
    Value of Completion's (B$ Millions )
129.6
185.9
109.9
156.6
171.0
512.1
247.7
204.9

1/   Data prior to 1996 are official estimates; data for 1996 onwards are IMF GDP estimates.
2/Figures in Bold represents Ytd-May
* =Third Quarter 2000

source: Central Bank of The Bahamas, Department of Statistics, IMF
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