The Bahamas: 2018 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, May 14, 2018
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- The Bahamas: 2018 Article IV Consultation-Press Release and Staff Report
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Bibliographic details
- Published: May 14, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484355084.002
Recent performance and drivers of activity
- Real GDP is estimated to have expanded by 1.3 percent in 2017.
- Economic activity was supported by:
- completion of Baha Mar;
- new foreign direct investment-financed projects;
- post-hurricane reconstruction activity.
- Air tourist arrivals declined 4 percent in 2017, reflecting the impact of Hurricane Matthew on hotel infrastructure in the Grand Bahama Island.
Growth projections
- Real GDP growth is projected at 2.5 percent in 2018.
- Real GDP growth is projected at 2.25 percent in 2019.
- Medium-term growth is projected to remain at 1.5 percent.
Drivers of projected growth
- Stronger growth in the United States.
- The phased opening of Baha Mar.
- A pickup in foreign direct investment.
Structural concerns and constraints
- Medium-term growth is constrained by significant structural impediments.
Source: The Bahamas: 2018 Article IV Consultation-Press Release and Staff Report (May 14, 2018).
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- Country Report