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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