Economy!

GDP purchasing power parity - $5 billion (2001 est.)


GDP - real growth rate 3.5% (2001)

GDP - per capita purchasing power parity - $16,800 (2000 est.)

GDP - composition by sector agriculture: 3%

industry: 7%

services: 90% (1999 est.)

Inflation rate (consumer prices) 1.5% (2001 est.)

Labor force 156,000 (1999)

Labor force - by occupation tourism 40%, other services 50%, industry 5%, agriculture 5% (1995 est.)

Unemployment rate 6.9% (2001 est.)

Budget revenues: $918.5 million

expenditures: $956.5 million, including capital expenditures of $106.7 million (FY99/00)

Industries tourism, banking, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe

Industrial production growth rate NA%

Electricity production 1.54 billion kWh (2000)

Electricity production by source fossil fuel: 100%

hydro: 0%

solar: < 0.01%

other: 0% (2000)

nuclear: 0%

Electricity consumption 1.432 billion kWh (2000)

Agriculture products citrus, vegetables; poultry

Exports $535.8 million (2000)

Exports commodities fish and crawfish; rum, salt, chemicals; fruit and vegetables (1999)

Exports - partners US 28.2%, France 16.5%, Germany 14.1%, UK 12.4% (2000)

Imports $1.88 billion (2000)

Imports commodities machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals (1999)

Imports - partners US 31.6%, South Korea 18.2%, Italy 17.4%, Japan 5.8% (2000)

Debt - external $381.9 million (2000)

Economic aid recipient $9.8 million (1995)

Currency Bahamian dollar (BSD)

Exchange rates Bahamian dollars per US dollar - 1.000 (fixed rate pegged to the dollar)