The Bahamas - Trade Profile UWI's Shridath Ramphal Centre
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The Bahamas - Trade Profile UWI's Shridath Ramphal Centre

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The Bahamas - Trade Profile UWI's Shridath Ramphal Centre The Bahamas - Trade Profile UWI's Shridath Ramphal Centre Presentation Transcript

  • Population: 342,000 THE BAHAMAS Area: 13,939 sq km (5,382 sq miles) MAIN ECONOMIC INDICATORS 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 GDP ($US, billion) 5.65 5.76 6.08 6.19 6.19 6.80 7.28 7.50 7.56 7.34 7.42 GDP (% change) 3.7 -0.3 2.6 -0.9 -0.8 5.7 4.3 0.7 -1.7 -5.0 -0.5 GDP per capita ($US) 18,658 18,741 19,487 19,560 19,302 20,917 22,094 22,449 22,359 21,529 21,539Current account balance ($US, billion) -0.63 -0.59 -0.42 -0.32 -0.17 -0.65 -1.37 -1.32 -1.17 -0.83 -1.07Current account balance (% of GDP) -11.2 -10.3 -7.0 -5.2 -2.8 -9.6 -18.9 -17.5 -15.4 -11.4 -14.4 Inflation (% change) 1.7 2.0 2.2 3.0 1.0 2.2 1.8 2.5 4.5 2.1 1.7 Unemployment+ (%) - 7 9 11 10 10 8 8 - - - GDP (% change) Inflation (% change) GDP Current account balance 8.00 6.5 7.00 4.5 6.00 5.00 2.5 $US Billions 4.00 % 0.5 3.00 2.00 -1.5 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1.00 0.00 -3.5 -1.00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -5.5 -2.00 Source: IMF World Economic Outlook April 2010 + Source: The World Bank - http://databank.worldbank.org *Numbers in italics represent estimates
  • Population: 342,000 THE BAHAMAS Area: 13,939 sq km (5,382 sq miles) MAIN TRADE INDICATORS – GOODS 2004 2005 2006 2007 2008 Trade Balance ($US thousands) -1,574,828 -2,295,828 -2,474,890 -2,432,625 -2,528,440 Total Exported Value ($US thousands) 401,311 270,849 509,420 669,977 701,529 Total Imported Value ($US thousands) 1,976,139 2,566,677 2,984,310 3,102,602 3,229,969 Top 10 Markets by % of Total Exported Value (2008) Top 10 Markets by % of Total Imported Value (2008)United States of America 70% United States of America 87% Canada 5% Venezuela 5% Germany 4% Netherland Antilles 2% France 4% Trinidad and Tobago 1% Netherlands 3% Japan 1% Nigeria 2% United Kingdom 0.4% Turks & Caicos Islands 2% Canada 0.4% Mexico 1% Switzerland 0.4% United Kingdom 1% France 0.3% Argentina 1% Cuba 0.3% Top 5 Exports by % of Total Exported Value (2008) Salt, sulphur, Works of art, Top 5 Imports by % of Total Imported Value (2008) earth, stone, collectors plaster, lime pieces and Vehicles other Plastics and than railway, and cement, antiques, 4% articles thereof, tramway, 5% Organic 6% 22% chemicals, 11% Electrical, Mineral fuels, electronic Fish, oils, distillation equipment, 5% crustaceans, products, etc, Nuclear molluscs, 26% Mineral fuels, reactors, oils, distillation aquatic boilers, products, etc, invertebrates machinery, etc, 20% nes, 12% 8% Source: International Trade Centre – www.trademap.org
  • Population: 342,000 THE BAHAMAS Area: 13,939 sq km (5,382 sq miles) MAIN TRADE INDICATORS – SERVICES 2004 2005 2006 2007 2008 Trade Balance ($US thousands) 1,012,780 1,224,490 825,210 1,019,730 1,190,625 Total Exported Value ($US thousands) 2,244,080 2,510,900 2,436,080 2,599,350 2,543,322 Total Imported Value ($US thousands) 1,231,300 1,286,410 1,610,870 1,579,620 1,352,697 Top Exports by % of Total Exported Value (2008) Top Imports by % of Total Imported Value (2008) Other business services 33% Travel 85% Transportation 26% Travel 23%Other business services 12% Insurance services 8% Government services 7% Transportation 2% Construction services 2% Royalties and license fees 1% Personal, cultural & recreational services 0.1% Government services 2% Communications services 0.1% Source: International Trade Centre – www.trademap.org