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

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 0.90 -8 6.5 6.5 6.5 6.5
Unemployment Rate (%) 9.50 13 12 12 12 12
Inflation Rate (%) -0.41 1.3 1.5 1.6 1.7 1.8
Interest Rate (%) 4.00 3.5 3.5 3.5 3.5 3.5
Balance of Trade (BSD Million) -449.90 -630 -585 -585 -585 -615
Current Account (BSD Million) -739.80 -110 -150 -210 -220 -250
Current Account to GDP (%) 0.60 -9 -10 -10 -10 -10
Government Debt to GDP (%) 66.80 75 70 70 70 70
Government Budget (% of GDP) -1.70 -6.5 -5.5 -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 Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 0.90 -8 6.5 6.5 6.5 6.5
GDP (USD Billion) 12.83 11.7 12.6 12.6 12.6 12.6
GDP per capita (USD) 27477.96 27000 27200 27200 27200 27200
GDP per capita PPP (USD) 35782.80 33650 34000 34000 34000 34000

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

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -0.41 1.3 1.5 1.6 1.7 1.8
Inflation Rate Mom (%) -0.70 0.1 0.3 0.2 0.2 0.1
Consumer Price Index CPI (points) 108.10 111 109 109 109 114

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 4.00 3.5 3.5 3.5 3.5 3.5
Deposit Interest Rate (%) 0.59 1.24 0.09 0.09 0.09 1.24
Foreign Exchange Reserves (BSD Million) 1903.89 1980 1980 1980 1980 1980

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (BSD Million) -449.90 -630 -585 -585 -585 -615
Current Account (BSD Million) -739.80 -110 -150 -210 -220 -250
Current Account to GDP (%) 0.60 -9 -10 -10 -10 -10
Imports (BSD Million) 511.80 785 750 750 750 790
Exports (BSD Million ) 61.90 155 165 165 165 175
Tourist Arrivals (Thousand) 23.40 68 95 115 150 200

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

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Bank Lending Rate (%) 10.38 11.05 9.88 9.88 9.88 11.05

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


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.