Saturday, January 25, 2014

Rank and Economy

The rank of The Bahamas from the poorest is 154 and from the richest is 41 using atlas method in 2007 with gdp per capita 14,920 $. In other measurement the gdp using nominal method in 2007,2007,2008 of IMF, WB,CIA is
IMF....................................................WB.................................................CIA
rank/measure......................................rank/measure..................................rank/measure
34/19,736..........................................na...............................................33/21,547
Rank........................151st
CurrencyBahamian dollar (BSD)
Fiscal year1 July - 30 June
Trade organisationsWTOCARICOM
Statistics
GDP$11.04 billion (2012 est. PPP)
GDP growth2.5% (2012 est.)
GDP per capita$31,300 (2012 est.)
GDP by sectoragriculture: 2.1%, industry: 7.1%, services: 90.8% (2012 est.)
Inflation (CPI)2.5% (2012)
Population
below poverty line
9.3% (2004)
Labour force184,000 (2009)
Labour force
by occupation
agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.)
Unemployment14.2% (2009 est.)
Main industriestourismbankingcementoiltransshipmentsaltrumaragonite,pharmaceuticals, spiral-welded steel pipe
Ease of doing business rank85th[1]
External
Exports$790 million (2012 est.)
Export goodsmineral products and salt, animal products, rum, chemicals, fruit and vegetables
Main export partners Singapore 23.7%
 United States 19.5%
 Dominican Republic 13.4%
 Ecuador 9.8%
 Canada 5.4%
 Guatemala 4.4% (2012 est.)[2]
Imports$2.882 billion (2012 est.)
Import goodsmachinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals
Main import partners United States 29.9%
 India 20.1%
 Singapore 8.7%
 South Korea 6.7%
 China 5.0%
 Colombia 4.3%
 Canada 4.2% (2012 est.
The Bahamas are a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth for many years, but the slowdown in the US economy and the attacks of September 11, 2001 held back growth in these sectors in 2001-03. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left The Bahamas. Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector, which depends on growth in the US, the source of more than 80% of the visitors. In addition to tourism and banking, the government supports the development of a "2nd-pillar", e-commerce.