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  • Type: Journal Issue x
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Cover IMF Staff Country Reports
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
International Monetary Fund
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.
Keywords:
ISCR; CR; government; Bahamian authorities; economy; government debt.; revenue regime; government endeavor; central government; credit freeze; Tourism; International reserves; Public sector; Monetary base; Caribbean; Global
Cover IMF Staff Country Reports
The Bahamas: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper for The Bahamas reports that the largest portion of tourism expenditure in The Bahamas comes from stayover visitors, and total tourism spending has been stagnant. The Bahamas is a small open economy highly dependent on tourism and the offshore financial sector. Private consumption expenditure in the country or countries of origin is the most important determinant of tourism in The Bahamas.
Keywords:
ISCR; CR; information sharing; price; stayover expenditure; Stayover arrival; central bank of The Bahamas; Bank Supervision Department of the central bank; Natural disasters; Central bank bills; Tourism; Monetary policy instruments; Caribbean