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BAHAMAS: Department of Statistics GDP 2017 Figures

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#Bahamas, May 01, 2018 – Nassau – The National Accounts Section of the Department of Statistics announces the release of a revised data series for the Gross Domestic Product (GDP) of The Bahamas, covering the period 2012 to 2017.  The benchmark 2012 Supply and Use table (SUT) which was released in September 2017 was not revised therefore the level of GDP is maintained.

The 2017 annual preliminary results were based on early estimates from major data sources such as the Central Bank, Ministry of Tourism, the Foreign Trade Section of the Department of Statistics, and many others.

The GDP is measured in both Current Market Prices and Constant 2012 Prices.  The current measure utilizes current price levels and currency values, factoring in inflation and determines the total value of the products and services produced in a particular year.  The Constant Prices takes into account the impact of inflation and is more useful for studying trends in economic growth.

Previously published growth patterns for the years leading up to 2016 have been revised. Factors contributing to the revisions include the following:

  • Central Bank of The Bahamas revisions to Balance of Payments
  • Ministry of Tourism’s revision of Tourist Expenditure 2016
  • restructuring of the Government accounts resulting in Government Final Consumption Expenditure reflecting calendar year growth patterns
  • Business Establishment estimates based on responses to the survey for 2016
  • and aggregated Value Added Tax data.

The preliminary 2017 results revealed an increase of 2.7% in GDP at Current Market Prices and at Constant 2012 Prices a real growth of 1.4%.  The main industries contributing to this growth in GDP included: Construction, Wholesale & Retail Trade, Business Services of a Professional nature, Administrative Business Services and Arts & Other Services.

The Expenditure Approach to GDP revealed that Gross Fixed Capital Formation also grew by 13%, due mainly to on-going capital works, as well a 3 continuation of major repairs to infrastructure that were required after Hurricane Matthew.  Additionally, Government consumption increased by 12% while consumption by Households, grew by 9%.

The Imports of Goods and Services sector, which has a dampening effect on GDP growth, increased by 14%, which was due mainly to a 17% growth in Imported Goods.

Consistent with the Department’s normal revision calendar of the GDP series, the GDP for 2012 to 2017 will be subject to further review and any revisions will be included in the 2018 National Accounts Report.

The National Accounts 2017 Report with detailed tables and a historical series based on the SUT 2012 will be available by the end of May 2018 on the Department of Statistics website.

 

Click the link below to see the entire release with results.

PRESS RELEASE National Accounts 2017

 

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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