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Macro Poverty Outlook for Bahamas : April 2022 (English)

GDP is estimated to have expanded by 5.6 percent in 2021, as tourist arrivals to the islands rebounded thanks to vaccination efforts in The Bahamas and easing travel restrictions in main tourism markets. Tourism remains the country’s main economic activity and source of revenue, with over 50 percent of the labor force employed in the sector. The current account deficit remains high but narrowed to 19.3 percent of GDP. Fiscal accounts deteriorated in 2021, but the country is expected to restore the fiscal consolidation and reconstruction efforts following Hurricane Dorian. This Macro Poverty Outlook presents GDP, debt and fiscal forecasts and examines the implications for critical economic and social concepts such as growth, poverty reduction and macroeconomic stability.




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World Bank

Macro Poverty Outlook for Bahamas : April 2022 (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group.