The Bahamas - Balance of payments

Although the Bahamas remains an import-oriented economy, income from tourism and financial services is a vital offsetting factor in the country's balance-of-payments position.

The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of The Bahamas's exports was $535.8 million while imports totaled $1.88 billion resulting in a trade deficit of $1.3442 billion.

The International Monetary Fund (IMF) reports that in 2001 The Bahamas had exports of goods totaling $614 million and imports totaling $1.77 billion. The services credit totaled $1.89 billion and debit $939 million. The following table summarizes The Bahamas's balance of payments as reported by the IMF for 2001 in millions of US dollars.

The Bahamas

Current Account -348
Balance on goods -1,151
Balance on services 951
Balance on income -190
Current transfers 42
Capital Account -20
Financial Account 280
Direct investment abroad
Direct investment in The Bahamas 101
Portfolio investment assets
Portfolio investment liabilities
Other investment assets -25,412
Other investment liabilities 25,591
Net Errors and Omissions 59
Reserves and Related Items 30
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