The Bahamas

Description of The Bahamas

Welcome to our website dedicated to analyzing the geopolitical and macroeconomic landscape of The Bahamas. As a nation consisting of hundreds of islands in the Caribbean, The Bahamas holds a unique position in international affairs, with its economy heavily reliant on tourism, financial services, and shipping. Through a thorough examination of macroeconomic indicators and geopolitical strategies, we aim to provide valuable insights into the socioeconomic development of The Bahamas and its relationships with other countries in the region and beyond.

Population And Age Structure

1. Population, total: The Bahamas has a population of 406,471, which is significantly below the average population of 40,097,746. The country ranks 169th out of 194 countries in terms of population.

2. Population ages 0-14 (% of total population): The Bahamas has 20.17% of its population in the 0-14 age group, lower than the average of 27.34%. This places The Bahamas at rank 129 out of 194 countries.

3. Population ages 0-14, total: The total number of individuals in the 0-14 age group in The Bahamas is 81,971, much lower than the average of 10,327,380. The country ranks 170th out of 194 countries in this category.

4. Population ages 15-64 (% of total population): The Bahamas has 71.55% of its population in the 15-64 age group, higher than the average of 63.44%. This places The Bahamas at rank 14 out of 194 countries.

5. Population ages 15-64, total: The total number of individuals in the 15-64 age group in The Bahamas is 290,849, which is significantly lower than the average of 26,003,407. The country ranks 169th out of 194 countries in this category.

6. Population ages 65 and above (% of total population): The Bahamas has 8.28% of its population aged 65 and above, slightly below the average of 9.22%. The country ranks 81st out of 194 countries.

7. Population ages 65 and above, total: The total number of individuals aged 65 and above in The Bahamas is 33,651, much lower than the average of 3,766,959. The country ranks 167th out of 194 countries in this age group.

Summary

The Bahamas has a relatively small population compared to the global average, with a lower number of individuals in both the 0-14 and 65 and above age groups. However, it has a higher percentage of working-age individuals (15-64) compared to the average, indicating a potentially productive labor force. These demographic indicators are crucial for understanding the country's workforce dynamics, resource allocation for different age groups, and potential implications for social welfare policies and economic development strategies.

Population Miscellaneous

Rural population in The Bahamas is 68,104, significantly below the average of 18,044,041. The country ranks 173 out of 190 countries for this attribute.

Rural population (% of total population) stands at 16.755, below the average of 41.158%. The Bahamas ranks 160 out of 190 countries in this metric.

Urban population is 338,367, notably lower than the average of 22,425,747. The Bahamas holds the 164th position out of 194 countries for urban population.

Urban population (% of total population) is at 83.245%, above the average of 59.691%. The country is ranked 35 out of 194 nations for this index.

The Age dependency ratio (% of working-age population) in The Bahamas is 39.753%, lower than the average of 59.219%. The country ranks 181 out of 194 nations for this ratio.

The Birth rate, crude in The Bahamas is 11.49 per 1,000 people, below the average of 19.384. The country ranks 137 out of 192 countries in terms of crude birth rate.

The Death rate, crude in The Bahamas is 8.076 per 1,000 people, slightly below the average of 8.214. The country holds the 87th position out of 192 nations in this metric.

The Fertility rate, total for The Bahamas is 1.394 births per woman, lower than the average of 2.603. The country ranks 171 out of 190 nations for fertility rate.

Summary

The Bahamas has a relatively low rural population, urban population, age dependency ratio, birth rate, death rate, and fertility rate compared to global averages. These statistics indicate a unique demographic profile for The Bahamas, with a higher urban population and lower birth and fertility rates. These indicators are important for policymakers and economists to understand the country's demographic trends, development challenges, and potential social welfare needs.

Military

For "Armed forces personnel, total," The Bahamas has 2000 personnel, significantly below the average of 165,908. The country ranks 153 out of 164 countries in this dataset.

Regarding "Armed forces personnel (% of total labor force)," The Bahamas has 0.903% of its labor force in the military, lower than the average of 1.276%. The country ranks 74 out of 164 countries in this metric.

Summary

The analysis of key macroeconomic indicators for The Bahamas reveals that the country has a relatively small number of armed forces personnel compared to the global average, with only 2000 personnel. Additionally, the percentage of the total labor force in the military is below average at 0.903%. These statistics are important as they suggest that The Bahamas may have a smaller military presence compared to other countries, potentially impacting its defense capabilities and national security strategies.

Natural Resources

Analysis of key statistics for The Bahamas:

Summary

The Bahamas ranks below average in key statistics such as forest area, land area, arable land, land under cereal production, and renewable internal freshwater resources. Despite receiving slightly above-average precipitation, the country faces challenges in terms of its land resources and arable land availability. These statistics are important as they highlight the limitations and potential vulnerabilities of The Bahamas in terms of agriculture, natural resource management, and sustainability.

Resource Rents

For Total natural resources rents (% of GDP), The Bahamas has a value of 0.0192, which is significantly below the attribute average of 4.63. The country is ranked 165 out of 175 countries in this dataset.

Regarding Forest rents (% of GDP), The Bahamas also falls below the average with a value of 0.0192 compared to the average of 1.53. The Bahamas ranks 144 out of 174 countries in this aspect.

Summary

The Bahamas has relatively low values for both Total natural resources rents (% of GDP) and Forest rents (% of GDP) compared to the global averages. These statistics indicate that the country's economy may not be heavily reliant on natural resource extraction and forestry activities as seen in other nations. This lower dependency on natural resources could impact the country's economic diversification efforts, highlighting the need for alternative sources of income and sustainable development strategies.

Commodities

In terms of Cereal production, The Bahamas' value of 608.4 metric tons is significantly lower than the attribute average of 17,249,945. The country is ranked 166 out of 174 countries in this category.

The Aquaculture production in The Bahamas is 6 metric tons, far below the attribute average of 679,642. The country ranks 172 out of 180 in this aspect.

The Capture fisheries production in The Bahamas stands at 7,433.16 metric tons, below the attribute average of 467,453. The country is ranked 143 out of 190 in this category.

The Total fisheries production in The Bahamas is 7,439.16 metric tons, lower than the attribute average of 1,153,914. The country holds the 149th rank out of 182 countries.

As for Fertilizer consumption, The Bahamas uses 102.32 kilograms per hectare of arable land, below the attribute average of 159.04. The country is ranked 86 out of 187 in this metric.

Summary

In analyzing key macroeconomic indicators for The Bahamas, it is evident that the country lags behind global averages in various agricultural production metrics such as Cereal, Aquaculture, Capture fisheries, and Total fisheries production. Additionally, The Bahamas falls below the average in Fertilizer consumption per hectare of arable land. These findings highlight the challenges The Bahamas faces in achieving agricultural self-sufficiency and maximizing its agricultural output potential.

Intellectual Property

Scientific and technical journal articles: The Bahamas has a value of 22.73, significantly below the average of 15103.76. This places The Bahamas at rank 160 out of 192 countries in the dataset.

Charges for the use of intellectual property, payments (BoP, current US$): The Bahamas has a value of 6,359,970.74, well below the average of 3,218,843,494.39. This positions The Bahamas at rank 106 out of 143 countries in the dataset.

Summary

The Bahamas ranks significantly low in scientific and technical journal articles with a value of 22.73, placing it at 160 out of 192 countries. Additionally, the country's charges for the use of intellectual property at $6,359,970.74 are well below the average, positioning The Bahamas at 106 out of 143 countries. These indicators highlight The Bahamas' lower involvement in research and innovation, which can impact its competitiveness and economic development in the long term.

Broad Economy Attributes

When looking at the GDP (current US$), The Bahamas has a value of 9,754,600,000 which is below the average of 442,870,224,838.68. The country ranks 141 out of 189 countries in the dataset.

For GDP, PPP (current international $), The Bahamas' value of 11,216,961,298.69 is also below the average of 734,141,122,350.78. The country is ranked 146 out of 181 countries.

The GDP per capita (current US$) for The Bahamas is $23,998.27, which is higher than the average of $15,462.11. The country ranks 38 out of 190 countries in this attribute.

In terms of GDP per capita, PPP (current international $), The Bahamas has a value of $27,595.97, above the average of $21,251.89. The country sits at rank 52 out of 181 countries.

Looking at GNI (current US$), The Bahamas' value of 9,221,980,000 is below the average of 452,040,815,370.70. The country's rank is 140 out of 185 countries.

For GNI, PPP (current international $), The Bahamas has a value of 10,604,493,547.39, below the average of 730,698,223,823.47. The country ranks 146 out of 181 countries.

Finally, in GNI per capita, PPP (current international $), The Bahamas records a value of $26,090, higher than the average of $20,615.75. The country is ranked 53 out of 181 countries in this category.

Summary

The Bahamas exhibits mixed economic performance compared to global averages and rankings. While the country's GDP and GNI figures fall below average, its GDP per capita metrics are relatively higher. This suggests a disparity in wealth distribution within the nation. Understanding these statistics is crucial for policymakers and investors, as it highlights areas of strength and weakness in The Bahamas' economy, guiding strategies for sustainable growth and development.

Broad Value Added

The Gross Value Added at Basic Prices (GVA) for The Bahamas is $9,085,900,000, ranking 135 out of 176 countries. This is significantly below the attribute average of $360,070,943,595.12.

Agriculture, forestry, and fishing value added (% of GDP) in The Bahamas is 0.83%, ranking 169 out of 182 countries. This percentage is well below the attribute average of 10.86%.

The Agriculture, forestry, and fishing value added in current US dollars for The Bahamas is $80,700,000, placing it at rank 169 out of 182 countries. This amount is substantially lower than the attribute average of $19,924,732,828.07.

The Services value added (% of GDP) for The Bahamas is 80.35%, ranking 4 out of 183 countries, which is above the attribute average of 56.72%.

The Services value added in current US dollars for The Bahamas is $7,838,300,000, ranking 118 out of 183 countries. This value is significantly below the attribute average of $295,837,711,130.69.

The Industry (including construction) value added in current US dollars for The Bahamas is $1,166,900,000, placing it at rank 148 out of 183 countries. The Bahamas falls far below the attribute average of $118,421,095,413.50.

Summary

The Bahamas exhibits a stark contrast in its economic structure when compared to other countries. It has a relatively low Gross Value Added (GVA) and Agriculture, forestry, and fishing value added, while excelling in Services value added. The heavy reliance on the services sector could indicate a need for diversification to bolster the country's economic resilience and reduce dependency on a single sector for growth and stability.

Manufacturing Value Added

1. Manufacturing, value added (current US$): The Bahamas' value for this attribute is $133,200,000, which is significantly below the average of $76,207,179,589.66. The Bahamas ranks 152 out of 173 countries in this dataset.

2. Manufacturing, value added (% of GDP): The Bahamas' percentage for this attribute is 1.37%, well below the average of 11.90%. The Bahamas ranks 171 out of 173 countries in this dataset.

3. Medium and high-tech manufacturing value added (% manufacturing value added): The Bahamas' value for this attribute is 27.77%, slightly above the average of 24.49%. The Bahamas ranks 56 out of 149 countries in this dataset.

Summary

The Bahamas lags behind in manufacturing, both in absolute value added and as a percentage of its GDP, ranking poorly compared to other countries in the dataset. Despite this, the country excels in medium and high-tech manufacturing value added, ranking relatively higher. These indicators are crucial as they reflect The Bahamas' level of industrialization and technology adoption, which are key factors in its economic diversification and resilience in a globalized economy.

Money

Inflation, consumer prices (annual %): The Bahamas has a relatively low consumer price inflation rate of 0.04%, significantly below the average of 8.26%. This places The Bahamas at the 134th rank out of 165 countries.

Inflation, GDP deflator (annual %): The Bahamas experiences a negative GDP deflator inflation rate of -2.35%, well below the average of 6.90%. The Bahamas ranks 165th out of 188 countries in this aspect.

Broad money growth (annual %): The Bahamas has a declining broad money growth rate of -0.27%, much lower than the average of 18.03%. The country ranks 130th out of 139 countries for this metric.

Broad money (% of GDP): The Bahamas maintains a high broad money as a percentage of GDP at 85.85%, surpassing the average of 71.75%. This positions The Bahamas at the 45th rank out of 139 countries.

Broad money to total reserves ratio: The Bahamas has a comparatively lower ratio of broad money to total reserves at 3.52%, below the average of 5.17%. The Bahamas ranks 44th out of 126 countries for this indicator.

Summary

The Bahamas shows a mixed economic performance based on key macroeconomic indicators. While the country has low consumer price inflation and a high broad money as a percentage of GDP, it struggles with negative GDP deflator inflation, declining broad money growth, and a lower ratio of broad money to total reserves. These indicators are crucial as they provide insights into the country's economic stability, monetary policy effectiveness, and potential risks for investors and policymakers to consider.

Consumption Expenditure

Final consumption expenditure (current US$): The Bahamas has a value of $7,991,400,000 for this attribute, which is significantly below the average of $381,630,252,515.38. The Bahamas ranks 128th out of 159 countries in this dataset.

Final consumption expenditure (% of GDP): The Bahamas has a value of 81.92%, slightly below the average of 82.37%. Despite being slightly below average, The Bahamas still ranks 74th out of 159 countries in this metric.

General government final consumption expenditure (current US$): The Bahamas spends $1,519,900,000 in this category, far below the average of $93,676,578,238.03. This places The Bahamas at the 125th position out of 158 countries.

General government final consumption expenditure (% of GDP): With a value of 15.58%, The Bahamas is below the average of 18.71% in this area. The country ranks 100th out of 158 countries for this metric.

Household and NPISHs Final consumption expenditure (current US$): The Bahamas' expenditure of $6,471,400,000 is notably lower than the average of $290,127,571,157.69. The Bahamas occupies the 125th spot out of 158 countries in this category.

Households and NPISHs final consumption expenditure (% of GDP): At 66.34%, The Bahamas exceeds the average of 63.68%. The country is ranked 67th out of 158 countries in this aspect.

Summary

The Bahamas demonstrates consistently lower final consumption expenditure figures across various categories compared to global averages, placing it below the midpoint in rankings for each metric. Despite being below average, The Bahamas holds relatively higher rankings in these indicators, showcasing a unique economic profile. These statistics are crucial for policymakers and analysts to understand the country's spending patterns, economic development, and potential areas for improvement in terms of consumption and government expenditure efficiency.

Investment

Foreign direct investment, net in The Bahamas is at -374,764,298.15 USD, which is above the average of -1,615,235,980.51 USD. The country is ranked 85th out of 169 countries for this attribute.

Foreign direct investment, net inflows in The Bahamas amount to 434,599,799.80 USD, below the average of 5,749,271,080.15 USD. The country is ranked 98th out of 182 countries.

Foreign direct investment, net inflows (% of GDP) for The Bahamas is 4.46%, surpassing the average of 2.61%. The country is ranked 46th out of 178 countries.

The Bahamas records net outflows of 59,835,501.65 USD in foreign direct investment, below the average of 5,707,991,116.07 USD. The country is ranked 80th out of 156 countries in this regard.

The country's net outflows (% of GDP) for foreign direct investment stand at 0.61%, lower than the average of 1.00%. The Bahamas is ranked 47th out of 155 countries based on this metric.

Portfolio Investment, net in The Bahamas is -656,813,029.52 USD, falling below the average of 679,559,169.57 USD. The country holds the 123rd rank out of 159 countries in this category.

Summary

The Bahamas experiences mixed results in foreign direct investment, with net inflows below average but a higher percentage of GDP in comparison. The country also shows net outflows in this area. In terms of portfolio investment, The Bahamas has a significant deficit compared to the average. These statistics are crucial as they reflect the country's attractiveness to foreign investors, its economic stability, and its financial interconnectedness on a global scale.

Broad Trade Attributes

Trade (% of GDP): The Bahamas has a Trade value of 59.04% of its GDP, which is below the average of 82.34%. The country ranks 102 out of 163 countries in this attribute.

Merchandise trade (% of GDP): The Bahamas has a Merchandise Trade value of 25.17% of its GDP, well below the average of 60.01%. The country ranks 173 out of 186 countries in this attribute.

Trade in services (% of GDP): The Bahamas has a Trade in Services value of 27.10% of its GDP, slightly above the average of 24.63%. The country ranks 39 out of 171 countries in this attribute.

External balance on goods and services (current US$): The Bahamas has an External Balance value of -951,000,000 US$, significantly below the average of 3,405,509,011.13 US$. The country ranks 103 out of 163 countries in this attribute.

External balance on goods and services (% of GDP): The Bahamas has an External Balance value of -9.75% of its GDP, below the average of -5.97%. The country ranks 114 out of 163 countries in this attribute.

Summary

The analysis reveals that The Bahamas has a lower than average Trade (% of GDP), Merchandise trade (% of GDP), and External balance on goods and services. However, the country performs slightly better in Trade in services (% of GDP). These indicators are crucial as they reflect The Bahamas' level of integration into the global economy, its capacity for exporting goods and services, and its ability to maintain a balance in international trade.

Net Trade

1. Current account balance (BoP, current US$): The Bahamas has a current account balance of -2,284,500,180.13, which is significantly below the average of 1,443,864,831.49. This places The Bahamas at rank 134 out of 170 countries.

2. Current account balance (% of GDP): The Bahamas' current account balance as a percentage of GDP is -23.42%, much lower than the average of -2.36%. The country is ranked 164 out of 170 countries in this aspect.

3. Net trade in goods and services (BoP, current US$): The Bahamas shows a net trade balance of -1,722,379,433.89, below the average of 2,604,730,003.57. This ranks The Bahamas at 117 out of 171 countries.

4. Net primary income (BoP, current US$): The Bahamas' net primary income is -439,537,433.97, higher than the average of -903,807,529.74. The country ranks 84 out of 170 countries in this category.

5. Net secondary income (BoP, current US$): The Bahamas recorded a net secondary income of -122,583,312.27, higher than the average of -269,227,340.40. The Bahamas ranks 127 out of 170 countries in this aspect.

6. Net trade in goods (BoP, current US$): The Bahamas' net trade in goods is -1,592,622,196.59, below the average of 1,302,831,005.68. The country ranks 112 out of 171 countries in this metric.

7. Net capital account (BoP, current US$): The Bahamas has a net capital account of 650,000,476.58, significantly above the average of 136,543,824.05. This ranks The Bahamas at 21 out of 159 countries.

8. Net financial account (BoP, current US$): The Bahamas' net financial account is -1,692,267,008.09, which is lower than the average of -469,840,994.63. The Bahamas ranks 129 out of 170 countries in this regard.

Summary

The analysis of key macroeconomic indicators for The Bahamas reveals a significant deficit in the current account balance, both in terms of US dollars and as a percentage of GDP, placing the country at a lower rank compared to the global average. The country also shows negative balances in net trade of goods and services, primary income, secondary income, and financial account. However, The Bahamas stands out with a notably higher than average net capital account, indicating strong inflows of capital into the country.

These findings are crucial as they highlight The Bahamas' heavy reliance on foreign capital to finance its deficits, potentially exposing it to external economic shocks. The negative balances in trade and financial accounts suggest imbalances that need to be addressed through policy measures to ensure sustainable economic development and stability.

Broad Export Attributes

The Bahamas' Exports of goods, services and primary income amount to $1.72 billion, ranking 140th out of 170 countries. This value is significantly below the attribute average of $146.24 billion.

For Exports of goods and services, The Bahamas' value is $1.69 billion, ranking 138th out of 170 countries. This is also notably lower than the attribute average of $122.94 billion.

The country's Exports of goods and services is $2.4 billion, placing it 124th out of 163 countries. This figure is substantially below the attribute average of $129.60 billion.

The Bahamas' Exports of goods and services (% of GDP) stands at 24.64%, ranking 105th out of 163 countries. Although below the average of 38.19%, it reflects a significant portion of the country's GDP.

In terms of Goods exports, The Bahamas reports $431.37 million, ranking 150th out of 171 countries. This amount is notably lower than the attribute average of $93.31 billion.

With International tourism receipts contributing to 59.64% of total exports, The Bahamas excels, ranking 4th out of 120 countries. This percentage is well above the attribute average of 9.74%.

Regarding ICT goods exports (% of total goods exports), The Bahamas reports 0.71%, ranking 72nd out of 142 countries. This value is below the attribute average of 3.81%, indicating potential for growth in this sector.

Summary

The Bahamas has relatively low export figures compared to global averages across various categories such as total exports, goods exports, and ICT goods exports. Despite this, the country stands out for its heavy reliance on international tourism receipts, which make up a significant portion of its total exports. This unique economic composition is crucial as it highlights The Bahamas' dependency on tourism as a key driver of economic activity and underscores the importance of diversifying its export base to ensure long-term sustainability and resilience against external shocks.

Merchandise Exports

Analysis of key statistics for The Bahamas:

1. Merchandise exports (current US$): The Bahamas' merchandise exports amount to $431 million, significantly below the average of $89.54 billion. The country ranks 157 out of 187 countries in this dataset.

2. Agricultural raw materials exports (% of merchandise exports): The Bahamas' export percentage is 0.50%, well below the average of 2.97%. The country ranks 113 out of 151 countries in this dataset.

3. Food exports (% of merchandise exports): The Bahamas' food export percentage is 10.12%, lower than the average of 24.06%. The country ranks 101 out of 152 countries in this dataset.

4. Fuel exports (% of merchandise exports): The Bahamas' fuel export percentage is 28.39%, higher than the average of 13.70%. The country ranks 25 out of 147 countries in this dataset.

5. Ores and metals exports (% of merchandise exports): The Bahamas' export percentage for ores and metals is 5.82%, below the average of 9.10%. The country ranks 51 out of 152 countries in this dataset.

6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): The Bahamas' percentage is 0.20%, significantly below the average of 3.20%. The country ranks 94 out of 166 countries in this dataset.

Summary

The analysis of key statistics for The Bahamas reveals that the country has a smaller than average merchandise export value and export percentages for agricultural raw materials, food, ores and metals, and fuel. While The Bahamas has a higher percentage of fuel exports compared to the global average, it lags behind in other key export categories. These indicators are important as they highlight The Bahamas' economic reliance on specific sectors for export revenue, indicating potential vulnerabilities and opportunities for diversification.

Technology Exports

1. Manufactures exports (% of merchandise exports): The Bahamas has a value of 55.17% for this attribute, which is above the average of 42.62%. This places The Bahamas at rank 63 out of 152 countries based on this statistic.

2. High-technology exports (current US$): The Bahamas has a value of $5,698,918 for high-technology exports, significantly below the average of $16,655,934,078.80. This places The Bahamas at rank 120 out of 151 countries in this dataset.

3. High-technology exports (% of manufactured exports): The Bahamas' value for this attribute is 3.04%, below the average of 10.15%. The country is ranked 102 out of 150 countries for this statistic.

4. Medium and high-tech exports (% manufactured exports): The Bahamas' value of 36.41% is above the average of 34.29%. This places The Bahamas at rank 65 out of 149 countries in this dataset.

Summary

The analysis of key macroeconomic indicators for The Bahamas reveals that the country performs well in Manufactures exports but lags behind in High-technology exports and related metrics such as High-technology exports as a percentage of manufactured exports. The relatively low values in high-tech exports signify a potential area for development and diversification in the economy to enhance competitiveness and innovation.

Service Exports

Regarding Service exports (BoP, current US$), The Bahamas has a value of $1,257,053,699.25, which is significantly below the average of $28,917,292,503.82. The Bahamas ranks 104 out of 171 countries.

For Communications, computer, etc. (% of service exports, BoP), The Bahamas' value stands at 19.54%, below the average of 45.85%. The Bahamas is ranked 141 out of 169 countries for this attribute.

Within Transport services (% of service exports, BoP), The Bahamas exhibits a value of 3.51%, notably lower than the average of 21.80%. The country ranks 152 out of 169 included nations.

Lastly, Travel services (% of service exports, BoP) show The Bahamas with a high value of 76.95%, well above the average of 26.40%. This places The Bahamas at an impressive 6th rank out of 167 countries in the dataset.

Summary

The Bahamas has lower than average values for Service exports, Communications, computer, etc., and Transport services, but excels in Travel services with a value well above the average. These indicators are essential as they showcase The Bahamas' strong reliance on tourism-driven services as a major source of revenue, highlighting the country's economic specialization and potential vulnerabilities to external factors impacting tourism.

Commercial Service Exports

Analysis of key stats for commercial service exports in The Bahamas:

1. Commercial service exports (current US$): The Bahamas' value is $1.22 billion, significantly below the average of $28.51 billion. It ranks 103 out of 171 countries.

2. Travel services (% of commercial service exports): The Bahamas has a value of 79.17%, well above the average of 27.89%. It ranks 8 out of 167 countries.

3. Computer, communications and other services (% of commercial service exports): The Bahamas' value is 17.22%, below the average of 42.44%. It ranks 135 out of 169 countries.

4. Transport services (% of commercial service exports): The Bahamas' value is 3.61%, below the average of 23.37%. It ranks 153 out of 169 countries.

Summary

The Bahamas has a strong reliance on travel services, which account for a significant portion of its commercial service exports. However, it lags behind in areas such as computer, communications, and transport services. This indicates a potential vulnerability in the country's diversification of services exports, as heavy reliance on a single sector like travel services could pose risks in times of economic volatility or disruptions in the tourism industry.

Broad Import Attributes

Imports of goods and services (current US$): The Bahamas has imports valued at $3,354,900,000, ranking 130th out of 163 countries. This value is significantly below the average import value of $126,191,355,599.06.

Imports of goods and services (% of GDP): The Bahamas has imports equating to 34.39% of its GDP, placing it at the 94th position out of 163 countries. This percentage is lower than the average import percentage of GDP, which stands at 44.15%.

International tourism, expenditures (% of total imports): The Bahamas allocates 4.87% of its total imports to international tourism expenditures, ranking 27th out of 131 countries. This percentage is higher than the average of 3.98%.

ICT goods imports (% total goods imports): The Bahamas import 3.01% of ICT goods compared to its total goods imports. This places The Bahamas at the 118th position out of 143 countries. It is below the average ICT goods imports percentage of 6.85%.

Goods imports (BoP, current US$): The Bahamas has goods imports valued at $2,023,990,102.07, ranking 137th out of 171 countries. This value is significantly lower than the average goods imports value of $92,007,788,027.17.

Imports of goods and services (BoP, current US$): The Bahamas has imports of goods and services worth $3,410,801,038.62, ranking 135th out of 170 countries. This value falls below the average import value of goods and services, which is $120,321,577,988.12.

Imports of goods, services, and primary income (BoP, current US$): The Bahamas' imports of goods, services, and primary income total $3,885,882,472.59, placing it at 132nd out of 170 countries. This value is notably lower than the average imports in this category, which amount to $144,514,428,722.28.

Summary

The Bahamas has below-average import values in various categories such as goods and services, goods imports, and imports of goods, services, and primary income. Despite allocating a higher percentage of total imports to international tourism expenditures, The Bahamas ranks lower in terms of ICT goods imports and overall import values compared to the global averages. These findings are important as they suggest that The Bahamas may have limited economic diversification and reliance on external goods and services, which could impact its economic stability and resilience to external shocks.

Merchandise Imports

When analyzing Merchandise imports (current US$), The Bahamas' value of $2,024,000,000 is significantly below the average of $89,385,605,263. The country ranks 147th out of 190 countries in this attribute.

For Manufactures imports (% of merchandise imports), The Bahamas' value of 59.08% is below the average of 66.76%. The country ranks 120th out of 152 countries in this category.

Regarding Agricultural raw materials imports (% of merchandise imports), The Bahamas' value of 1.78% is above the average of 1.27%. The country ranks 30th out of 152 countries in this attribute.

The Bahamas' Food imports (% of merchandise imports) value of 20.91% exceeds the average of 15.89%. The country holds the 35th rank out of 152 countries in this aspect.

In terms of Fuel imports (% of merchandise imports), The Bahamas' value of 17.54% is higher than the average of 11.38%. The country secures the 20th rank out of 152 countries in this regard.

For Ores and metals imports (% of merchandise imports), The Bahamas' value of 0.69% is notably below the average of 2.57%. The country ranks 130th out of 152 countries in this category.

Merchandise imports by the reporting economy, residual (% of total merchandise imports), showcases The Bahamas with a value of 2.09%, slightly below the average of 2.51%. The country holds the 41st rank out of 180 countries in this attribute.

Summary

The Bahamas tends to have lower values in merchandise imports compared to the global average across various categories such as Manufactures imports, Food imports, and Ores and metals imports. However, the country performs relatively better in Agricultural raw materials imports and Fuel imports. These statistics are crucial as they provide insight into The Bahamas' trade dependencies, economic diversification, and resource allocation priorities.

Service Imports

Service imports in The Bahamas amount to $1,386,810,936.55, which is significantly below the average of $27,615,356,170.47. The Bahamas ranks 110th out of 171 countries in this data set.

Communications, computer, etc. account for 65.36% of service imports in The Bahamas, surpassing the average of 44.40%. The country ranks 22nd out of 169 countries.

Transport services represent 15.61% of The Bahamas' service imports, notably lower than the average of 32.90%. The Bahamas holds the 155th position out of 169 countries.

Travel services constitute 7.96% of service imports in The Bahamas, falling short of the average of 14.14%. The country is ranked 109th out of 169 countries.

The Bahamas dedicates 11.07% of service imports to insurance and financial services, exceeding the average of 8.53%. The country holds the 42nd position out of 169 countries.

Summary

The Bahamas has a significantly lower amount of service imports compared to the global average, positioning it at 110th out of 171 countries in the dataset. However, the country excels in the import of communications, computer, etc., ranking 22nd globally in this category. This could indicate a strong reliance on technology and communication services for economic activities, which is crucial for enhancing competitiveness and connectivity in the global market.

Commercial Service Imports

Commercial service imports in The Bahamas amount to $1,168,637,936.55, ranking 117 out of 171 countries. This value is significantly below the average commercial service imports of $27,102,746,128.60.

Computer, communications, and other services account for 58.89% of commercial service imports in The Bahamas, surpassing the average of 41.71%. The Bahamas ranks 39 out of 169 countries.

Insurance and financial services make up 13.14% of commercial service imports in The Bahamas, higher than the average of 8.85%. The country ranks 33 out of 169.

Transport services represent 18.52% of commercial service imports in The Bahamas, which is below the average of 34.71%. The Bahamas holds the 143rd position out of 169 countries in this category.

Travel services constitute 9.44% of commercial service imports in The Bahamas, falling short of the average of 14.73%. The country ranks 100 out of 169 nations.

Summary

The Bahamas has a relatively low amount of commercial service imports compared to the global average. However, the country excels in importing computer, communications, and other services, as well as insurance and financial services, surpassing the average percentages. On the other hand, The Bahamas lags behind in importing transport and travel services, which are below the global averages. These findings are crucial as they highlight The Bahamas' strengths and weaknesses in different service sectors, potentially indicating areas for further growth and development in the country's economy.

Infrastructure

1. Air transport, registered carrier departures worldwide: The Bahamas has 31,284.792 registered carrier departures, which is below the attribute average of 134,365.605. The country ranks 57th out of 149 countries in this dataset.

2. Air transport, passengers carried: The Bahamas has carried 1,272,798.762 passengers, below the attribute average of 11,848,242.700. The country holds the 64th rank out of 149 countries included.

3. Container port traffic (TEU: 20 foot equivalent units): The Bahamas handles 1,450,000 TEUs, also below the attribute average of 6,907,110.268. The country ranks 55th out of 110 countries in this dataset.

Summary

The Bahamas exhibits below-average performance in key macroeconomic indicators related to air transport and container port traffic when compared to a global dataset. The country ranks in the lower half of countries included for registered carrier departures, passengers carried, and container port traffic. These statistics are crucial as they highlight The Bahamas' relative connectivity and trade volume, indicating areas that may require improvement to enhance its economic competitiveness and integration into global markets.

Information Technology Infrastructure

Analysis of Key Stats for The Bahamas:

Summary

In summary, The Bahamas lags behind global averages in terms of secure internet servers, fixed broadband subscriptions, and mobile cellular subscriptions. However, the country excels in the percentage of population using the internet, ranking above the global average. These statistics are crucial as they indicate the level of digital infrastructure development, access to online resources, and connectivity within the country, which are vital for economic growth, innovation, and integration into the global economy.

Energy Consumption

Analysis of Renewable energy consumption (% of total final energy consumption) in The Bahamas: The country's renewable energy consumption is 1.41%, significantly below the attribute average of 32.18%. This places The Bahamas at rank 170 out of 191 countries in the dataset.

Analysis of CO2 emissions (kt) in The Bahamas: The country's CO2 emissions are 2,456 kt, far below the attribute average of 171,895.94 kt. The Bahamas ranks 143 out of 188 countries in CO2 emissions data.

Summary

The Bahamas has a relatively low renewable energy consumption rate of 1.41%, ranking 170th out of 191 countries in the dataset. Additionally, the country's CO2 emissions are significantly lower than the global average, with 2,456 kt emitted, placing it at 143rd out of 188 countries. These statistics suggest that The Bahamas has room for improvement in transitioning towards sustainable energy sources and maintaining low levels of carbon emissions to contribute to global environmental efforts.

Government Balance Sheet

The Net acquisition of financial assets (% of GDP) in The Bahamas is 2.95%, which is slightly above the average of 2.45%. The Bahamas ranks 30th out of 87 countries included in the data for this attribute.

The Central government debt, total (% of GDP) for The Bahamas is 83.97%, significantly higher than the average of 74.12%. This places The Bahamas at the 20th rank out of 61 countries.

The Net incurrence of liabilities, total (% of GDP) in The Bahamas is 6.81%, slightly below the average of 7.43%. The Bahamas ranks 45th out of 92 countries for this attribute.

The Reserves and related items (BoP, current US$) for The Bahamas amount to $364,257,596.29, significantly lower than the average of $1,924,407,186.58. The Bahamas ranks 57th out of 171 countries in this category.

The Total reserves minus gold (current US$) in The Bahamas is $2,382,077,961.01, far below the average of $74,221,588,171.61. The country ranks 107th out of 161 nations in this aspect.

The Total reserves (includes gold, current US$) for The Bahamas is also $2,382,077,961.01, significantly lower than the average of $85,708,019,773.47. The Bahamas ranks 109th out of 161 countries for this attribute.

The Total reserves in months of imports for The Bahamas is 7.36, slightly above the average of 7.10. The country ranks 51st out of 151 nations in this category.

Summary

The Bahamas performs slightly above average in terms of net acquisition of financial assets and total reserves in months of imports, but falls below average in key areas such as central government debt, reserves and related items, and total reserves. It ranks relatively high in central government debt and total reserves minus gold, indicating potential financial vulnerability. These indicators are crucial for assessing the country's fiscal health, economic stability, and ability to meet international payment obligations.

Government Revenue

Revenue, excluding grants (% of GDP): The Bahamas has a value of 21.39%, which is below the average of 27.02%. This places The Bahamas at rank 77 out of 122 countries.

Grants and other revenue (% of revenue): The Bahamas' value of 10.96% is below the average of 23.54%. This ranks The Bahamas at 81 out of 108 countries.

Taxes on goods and services (% of revenue): The Bahamas excels in this attribute with a value of 64.54%, much higher than the average of 31.82%. This places The Bahamas at the 1st rank out of 122 countries.

Taxes on international trade (% of revenue): The Bahamas has a value of 19.44%, significantly higher than the average of 6.24%. This ranks The Bahamas at 7 out of 101 countries.

Other taxes (% of revenue): The Bahamas' value of 5.07% is above the average of 2.12%. The country is ranked 10th out of 106 countries for this attribute.

Summary

The Bahamas performs well in tax revenue indicators, particularly excelling in taxes on goods and services, where it ranks 1st out of 122 countries. However, the country falls below average in revenue excluding grants and in grants and other revenue. This mix of high and low rankings across different revenue categories indicates a reliance on specific taxation methods, which could impact the country's fiscal stability and economic development.

Taxes

For Tax revenue (% of GDP), The Bahamas has a value of 19.05% which is above the average of 16.72%. The country ranks 44 out of 123 countries in this attribute.

Regarding Taxes on exports (% of tax revenue), The Bahamas' value is 2.86%, slightly higher than the average of 2.54%. The country holds the 8th rank out of 36 countries.

In terms of Customs and other import duties (% of tax revenue), The Bahamas scores 12.22%, surpassing the average of 9.01%. The country ranks 26th out of 99 countries in this category.

Summary

The Bahamas demonstrates a strong reliance on tax revenue, with Tax revenue (% of GDP) at 19.05%, exceeding the global average. The country also prioritizes revenue from exports and import duties, showcasing a strategic approach to fiscal management. These statistics are crucial as they indicate The Bahamas' financial health, its dependency on international trade, and its ability to sustain public services through domestic taxes.

Government Expenses

Expense (% of GDP): The Bahamas' expense as a percentage of GDP is 27.45%, which is below the average of 31.69%. The country ranks 72 out of 123 countries in this attribute.

Compensation of employees (% of expense): The Bahamas allocates 28.41% of its expense to employee compensation, exceeding the average of 24.70%. It ranks 48 out of 123 countries.

Goods and services expense (% of expense): The Bahamas spends 20.98% on goods and services within its expenses, higher than the average of 14.77%. It holds the 24th rank out of 122 countries.

Interest payments (% of expense): The Bahamas dedicates 12.87% of its expenses to interest payments, significantly above the average of 6.85%. It ranks 17 out of 121 countries.

Other expense (% of expense): The Bahamas allocates 14.44% of its expenses to other categories, notably higher than the average of 8.29%. It ranks 20 out of 120 countries.

Subsidies and other transfers (% of expense): The Bahamas spends 23.30% on subsidies and transfers, well below the average of 43.29%. It ranks 102 out of 121 countries in this aspect.

Summary

The analysis of key macroeconomic indicators for The Bahamas reveals several noteworthy points. The country's expenses as a percentage of GDP are relatively low compared to the average, yet it allocates a higher proportion to employee compensation and goods/services expenses. Moreover, The Bahamas' high percentage of expense dedicated to interest payments and other categories, along with lower spending on subsidies and transfers, indicate potential areas for fiscal management improvement.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population ages 15-64 (% of total population) 14/194
Services, value added (% of GDP) 4/183
International tourism, receipts (% of total exports) 4/120
Travel services (% of service exports, BoP) 6/167
Travel services (% of commercial service exports) 8/167
Taxes on goods and services (% of revenue) 1/122
Taxes on international trade (% of revenue) 7/101
Other taxes (% of revenue) 10/106

Ranks in Bottom Decile For:

Attribute Rank/Total
Rural population 173/190
Age dependency ratio (% of working-age population) 181/194
Armed forces personnel, total 153/164
Land under cereal production (hectares) 170/174
Total natural resources rents (% of GDP) 165/175
Cereal production (metric tons) 166/174
Aquaculture production (metric tons) 172/180
Agriculture, forestry, and fishing, value added (% of GDP) 169/182
Agriculture, forestry, and fishing, value added (current US$) 169/182
Manufacturing, value added (% of GDP) 171/173
Broad money growth (annual %) 130/139
Merchandise trade (% of GDP) 173/186
Current account balance (% of GDP) 164/170
Transport services (% of commercial service exports) 153/169
Transport services (% of service imports, BoP) 155/169