Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.00 1 1 1 1 1

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.90 -4.5 -4.5 1 1 1
Unemployment Rate (%) 9.50 13 13 12 12 12
Inflation Rate (%) 1.43 1 1.3 1.5 1.6 1.8
Interest Rate (%) 4.00 3.5 3.5 3.5 3.5 3.5
Balance of Trade (BSD Million) -615.20 -580 -630 -585 -585 -615
Current Account (BSD Million) -104.30 -80 -110 -150 -210 -250
Current Account to GDP (%) 0.60 -9 -9 -10 -10 -10
Government Debt to GDP (%) 66.80 75 75 70 70 70
Government Budget (% of GDP) -1.70 -6.5 -6.5 -5.5 -5.5 -5.5
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Corporate Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.90 -4.5 -4.5 1 1 1
GDP (USD Billion) 12.83 11.7 11.7 12.6 12.6 12.6
GDP per capita (USD) 27477.96 27000 27000 27200 27200 27200
GDP per capita PPP (USD) 35782.80 33650 33650 34000 34000 34000

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 9.50 13 13 12 12 12
Population (Million) 0.38 0.39 0.41 0.41 0.41 0.42

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.43 1 1.3 1.5 1.6 1.8
Inflation Rate Mom (%) -0.70 -0.2 0.1 0.3 0.2 0.1
Consumer Price Index CPI (points) 107.50 110 110 110 110 112

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.00 3.5 3.5 3.5 3.5 3.5
Deposit Interest Rate (%) 0.59 0.09 0.09 0.09 0.09 0.09
Foreign Exchange Reserves (BSD Million) 1770.44 1960 1980 1980 1980 1980

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (BSD Million) -615.20 -580 -630 -585 -585 -615
Current Account (BSD Million) -104.30 -80 -110 -150 -210 -250
Current Account to GDP (%) 0.60 -9 -9 -10 -10 -10
Imports (BSD Million) 802.10 760 785 750 750 790
Exports (BSD Million ) 186.80 180 155 165 165 175
Tourist Arrivals (Thousand) 302.10 350 590 620 650 720

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 66.80 75 75 70 70 70
Government Budget (% of GDP) -1.70 -6.5 -6.5 -5.5 -5.5 -5.5

Taxes Actual Q3 Q4 Q1 Q2 2021
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 9.80 9.8 9.8 9.8 9.8 9.8
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 2021
Bank Lending Rate (%) 10.38 10.55 10.55 10.55 10.55 10.55

Housing Actual Q3 Q4 Q1 Q2 2021
Building Permits (Units) 267.00 250 280 320 350 380


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.