List of Major Industries in the Bahamas
In this article, Foreignconnect.net tries to answer the question by publishing the List of Major Industries in the Bahamas
Below is the List of Major Industries in the Bahamas
The Bahamian economy is based primarily on tourism, which is concentrated mainly in Nassau and Grand Bahama. According to the Economist Intelligence Unit, tourism and construction are largely responsible for a real GDP growth of about 4 percent annually since 1996.
Another important economic sector is financial services, which places the Bahamas among the world’s leading financial centers.
Major industries include tourism, banking, cement, oil refining and transshipment, salt production, rum, aragonite, pharmaceuticals, and spiral-welded steel pipe. Major agricultural products include citrus, vegetables, and poultry.
GDP: $3.9 billion
GDP growth rate: 3%
Per capita GDP: $13,567
Exports of goods and services: $1.8 billion
Major export trading partners: US 22.3%, Switzerland 15.6%, UK 15.0%, Denmark 7.4%
Imports of goods and services: $2.3 billion
Major import trading partners: US 27.3%, Italy 26.5%, Japan 10.0%, Denmark 4.2%
Foreign direct investment (net): $226 million
What are the top industries in the Bahamas?
What Are The Biggest Industries In The Bahamas?
- Agriculture and Fisheries.
- Financial Services.