Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.00 1 1 1 1 1
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 1.60 1.4 1.4 1.8 1.8 1.8
Unemployment Rate (%) 10.10 11 12.75 13 13 13
Inflation Rate (%) 3.60 3.4 3.1 2.9 2.6 2.4
Interest Rate (%) 4.00 4 4 4 4 3.5
Balance of Trade (BSD Million) -498.90 -640 -635 -635 -635 -630
Current Account (BSD Million) 32.60 -375 -400 -400 -400 -450
Current Account to GDP (%) -15.50 -11 -11 -9 -9 -9
Government Debt to GDP (%) 64.60 76 76 70 70 70
Government Budget (% of GDP) -3.30 -6.6 -6.6 -6.3 -6.3 -6.3
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 1.60 1.4 1.4 1.8 1.8 1.8
GDP (USD Billion) 12.16 13 13 13.6 13.6 13.6
GDP per capita (USD) 27484.38 26900 26900 27100 27100 27100
GDP per capita PPP (USD) 28705.28 27850 27850 28000 28000 28000
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 10.10 11 12.75 13 13 13
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 3.60 3.4 3.1 2.9 2.6 2.4
Consumer Price Index Cpi (Index Points) 108.07 110 109 111 111 112
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 4.00 4 4 4 4 3.5
Deposit Interest Rate (%) 0.85 0.85 0.85 0.85 0.85 0.85
Foreign Exchange Reserves (BSD Million) 1563.00 1960 1960 1960 1960 1980
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (BSD Million) -498.90 -640 -635 -635 -635 -630
Current Account (BSD Million) 32.60 -375 -400 -400 -400 -450
Current Account to GDP (%) -15.50 -11 -11 -9 -9 -9
Imports (BSD Million) 645.10 765 780 780 780 785
Exports (BSD Million ) 146.10 125 145 145 145 155
Tourist Arrivals (Thousand) 589.10 590 610 750 680 680
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 64.60 76 76 70 70 70
Government Budget (% of GDP) -3.30 -6.6 -6.6 -6.3 -6.3 -6.3
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 9.80 9.8 9.8 10.8 10.8 10.8
Social Security Rate For Companies (%) 5.90 5.9 5.9 5.9 5.9 5.9
Social Security Rate For Employees (%) 3.90 3.9 3.9 3.9 3.9 3.9
Sales Tax Rate (%) 12.00 12 12 12 12 12
Consumer Actual Q3 Q4 Q1 Q2 2020
Bank Lending Rate (%) 10.96 10.96 10.96 10.96 10.96 10.96


This page has economic forecasts for Bahamas including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Bahamas economy.