The International Monetary Fund (IMF) has completed an ***”Article IV Consultation”*** of The Bahamas, providing an expert, objective and candid assessment of the direction in which the economic policies of … Read More
The Economy
Number One Industry: Continuing To Break Records
The first quarter of 2001 saw all records broken again in tourism, the #1 industry of The Bahamas. Minister of Tourism, the Hon. Tommy Turnquest reports that preliminary visitor arrival … Read More
Economic Features Considered Key Component Of National Budget
Sir William Allen Minister of Finance Bahamas Finance Minister, Sir William Allen, has opened debate in the House of Assembly on the 2001-2002 National Budget. He pointed out that public … Read More
Bahamas Recorded Impressive 5% Growth Rate in 2000, With Positive Trend Continuing in 2001
A 3.5% growth rate is anticipated for the current year, down from 2000’s 5%, but definitely reflecting continued positive prospects. The Minister of Finance, Sir William Allen, made this projection … Read More
Prime Minister Points To Economic Growth
The Rt. Hon. Hubert A. Ingraham Prime Minister of The Bahamas In a recent public address Prime Minister the Rt. Hon. Hubert A. Ingraham stated that the policies of the … Read More
The Way Forward Does Not Include The Introduction of Income Tax
Addressing the Annual Banquet of the Bahamas Chamber of Commerce last weekend, Prime Minister the Rt. Hon. Hubert A. Ingraham acknowledged that a more globalised economy is already a reality, … Read More
Economy Shows No Signs of Business Loss
In addressing the business and financial community at a recent luncheon hosted by the Bahamas Chamber of Commerce, Governor Julian Francis of the Central Bank of The Bahamas claimed that … Read More
State of the Economy
Maintaining The Longest Period of Sustained Growth The Bahamas continues to compete successfully in the two largest global industries – tourism and financial services. Among the independent states in the … Read More
Key Economic Indicators
Population: All Bahamas 300,000 New Providence 212,000 GDP: $4.8 billion GDP (per capita): $15,100 GDP Growth: 3.5% (2000) External Reserves: $342 million (2000) Inflation: 1.2% Unemployment: 7% Currency: B$1 = … Read More
Private Sector Driving Growth
Private Sector Driving Growth Addressing the July 29th annual Investment Conference of the Bahamas Society of Financial Analysts, the Deputy Governor of The Central Bank of The Bahamas pointed out … Read More