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The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Prior to 2006, a steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences led to solid GDP growth but since then tourism receipts have begun to drop off. The global recession in 2009 took a sizeable toll on the Bahamas, resulting in a contraction in GDP and a widening budg...  More..

Economy of Bahamas
SOURCE: CIA - The World Factbook
Currency Bahamian Dollar
GDP (PPP) $9.084 billion (2009 est.)
GDP (per capita) $29,800 (2009 est.)
Exports $674 million (2006)
Imports $2.401 billion (2006)
Main Industries Tourism, Banking, Cement, Oil Transshipment, Salt, Rum, Aragonite, Pharmaceuticals, Spiral-welded Steel Pipe
Exports - Commodities Mineral Products and Salt, Animal Products, Rum, Chemicals, Fruit and Vegetables
Imports - Commodities Machinery and Transport Equipment, Manufactures, Chemicals, Mineral Fuels; Food and Live Animals
Exports Partners US 21.4%, Singapore 18.7%, Poland 18%, Germany 7.6%, Japan 7.4% (2008)
Imports Partners US 25.7%, South Korea 19.3%, Japan 16.8%, Singapore 7.5%, Venezuela 5.1% (2008)

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