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THE BAHAMAS Fact sheets are updated biannually; June and December General information Capital: Land area: Official language(s): Population: Currency: Nassau 10,010 sq km English 364,000 (2015) Bahamian dollar Head of State HM Queen Elizabeth II, represented by the Governor-General HE Dame Marguerite Pindling Head of Government Prime Minister The Right Hon Dr Hubert Alexander Minnis 2011 2012 2013 2014 2015 2016 7.9 22,647.3 8.3 23,858.1 0.6 -1.2 -15.1 3.1 15.9 8.4 23,842.9 8.7 24,771.0 3.1 -1.5 -17.9 1.9 14.4 8.5 23,924.8 8.9 24,895.6 0.0 -1.5 -17.5 0.4 15.8 8.6 23,926.4 9.0 24,930.0 -0.5 -1.9 -22.0 1.2 14.6 8.9 24,309.6 8.9 24,505.4 -1.7 -1.4 -16.0 1.9 13.4 9.0 24,567.2 9.1 24,617.6 0.3 -1.0 -11.4 1.0 14.3 Economic indicators (a) GDP (US$b) (current prices) GDP per capita (US$) GDP PPP (Int'l $b) GDP per capita PPP (Int'l $) Real GDP growth (% change yoy) Current account balance (US$b) Current account balance (% GDP) Inflation (% change yoy) Unemployment (% labour force) Australia's trade and investment relationship with The Bahamas (b) Australian merchandise trade with The Bahamas, 2015-16 (A$000) Exports to The Bahamas 5,172 Imports from The Bahamas 3,897 Total merchandise trade (exports + imports) 9,070 Major Australian exports, 2015-16 (A$000) Meat (excl beef), f.c.f. Rotating electric plant & parts Alcoholic beverages Pigments, paints & varnishes 3,537 1,209 342 11 Australia's trade in services with The Bahamas, 2015-16 (A$m) Exports of services to The Bahamas 9 Imports of services from The Bahamas 5 Total share 0.0% 0.0% 0.0% Rank 136th 122nd 143rd Major Australian imports, 2015-16 (A$000) Crustaceans, f.c.f. Primary styrene polymers Alcoholic beverages Perfumery & cosmetics (excl soap) Total share 0.0% 0.0% Growth (yoy) 25.2% -36.9% -12.0% 2,984 515 297 89 Rank 107th 124th Growth (yoy) 80.0% -66.7% Total 694 1,267 FDI np np The Bahamas' principal import sources, 2015 1 United States 2 Dominica 3 Japan 81.9% 1.5% 1.1% Australia's investment relationship with The Bahamas, 2015 (A$m) Australia's investment in The Bahamas The Bahamas' investment in Australia The Bahamas' global merchandise trade relationships The Bahamas' principal export destinations, 2015 1 United States 2 France 3 Finland 10 Australia 83.1% 4.4% 3.2% 0.4% 48 Australia 0.0% Compiled by the Economic Diplomacy, Trade Advocacy & Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources. (a) Economic indicators data is from the IMF WEO where available, the EIU or other reputable source. Data may include forecasts or projections for recent years. GNI may be shown in lieu of GDP for countries where GDP data is unavailable. (b) Merchandise trade data is based on published and unpublished ABS data. May exclude confidential items of trade. Totals may not add up due to rounding. Investment data is stocks as at end December. All data may be subject to future revisions. GDP - Gross Domestic Product PPP - Purchasing power parity GNI - Gross National Income na - Data is not available np - Data is not published .. - Data is not meaningful Primary - Primary goods STM - Simply transformed manufactures ETM - Elaborately transformed manufactures Other - Other goods including non-monetary gold f.c.f. - Fresh, chilled or frozen nes - Not elsewhere specified