The Bahamas : 2005 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for The Bahamas

Author/Editor:

International Monetary Fund

Publication Date:

July 7, 2005

Electronic Access:

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Summary:

The Bahamas’s 2005 Article IV Consultation reports that the economic slowdown has contributed to deterioration in the fiscal accounts. The Bahamas is a small, open, and relatively wealthy economy, which is highly dependent on tourism from the United States and offshore financial activities. Offshore financial activities have developed rapidly since the early 1990s and account for roughly 15 percent of GDP. This has reduced the economy’s dependence on the tourism sector, which is focused on the higher end of the U.S. market but still accounts for one-fourth of GDP.

Series:

Country Report No. 05/223

Subject:

English

Publication Date:

July 7, 2005

ISBN/ISSN:

9781451804713/1934-7685

Stock No:

1BHSEA2005001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

56

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