In 2023, the economy expanded by 4.3 percent, largely driven by a strong recovery in tourism. Fiscal and current account deficits narrowed significantly; the unemployment rate declined but remains high among young people. The Bahamas made significant progress in strengthening its AML/CFT framework. However, high public debt, global uncertainty, and vulnerability to natural disasters pose challenges for growth and poverty reduction.
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2024/04/03
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Brief
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188892
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1
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2024/04/15
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Disclosed
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Macro Poverty Outlook for Bahamas : April 2024 Datasheet
Citation
World Bank.
Macro Poverty Outlook for Bahamas : April 2024 Datasheet (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099828404052416323