This report provides the details of the IMF's projections and estimates of The Bahamas on generation and sale of electricity; central government revenue and expenditure; summary central government operations; operations of the nonfinancial public sector; accounts of the financial system; accounts of the central bank, commercial banks, and other local financial institutions; loans and advances of commercial banks; liquidity positions of commercial banks; selected interest rates; balance of payments; composition of merchandise exports and imports; external public debt and debt service; comparative real exchange rate; operations of the National Insurance Board (NIB), and so on.

Abstract

This report provides the details of the IMF's projections and estimates of The Bahamas on generation and sale of electricity; central government revenue and expenditure; summary central government operations; operations of the nonfinancial public sector; accounts of the financial system; accounts of the central bank, commercial banks, and other local financial institutions; loans and advances of commercial banks; liquidity positions of commercial banks; selected interest rates; balance of payments; composition of merchandise exports and imports; external public debt and debt service; comparative real exchange rate; operations of the National Insurance Board (NIB), and so on.

The Bahamas: Basic Data

I. Social and Demographic Indicators

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II. Economic Indicators, 1998-2002

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Sources: The Bahamas authorities; and Fund staff estimates and projections.

Estimated by Fund Staff on the basis of partial indicators.

Fiscal year ending June 30.

Calendar year.

With respect to liabilities to the private sector at the beginning of the period.

90-day deposit rate.

Table 1.

The Bahamas: Geographic Distribution of Stopover Visitors

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Source: Ministry of Tourism.

The other main countries are Argentina, Australia, Brazil, Colombia, Jamaica, Japan, Mexico, and Venezuela.

Table 2.

The Bahamas: Value of Construction Starts and Completions 1/

(In millions of Bahamian dollars)

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Source: Central Bank of The Bahamas.

The data refers to activity in New Providence and Grand Bahama only.

Table 3.

The Bahamas: Generation and Sale of Electricity

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Source: Central Bank of The Bahamas.
Table 4.

The Bahamas: Retail Price Index for New Providence

(October/November 1995=100)

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Source: Central Bank of The Bahamas.
Table 5.

The Bahamas: Summary Operations of the Nonfinancial Public Sector 1/

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Sources: Ministry of Finance; and Fund staff estimates.

Calendar years.

Table 6.

The Bahamas: Summary Central Government Operations 1/

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Sources: Ministry of Finance; and Fund staff estimates.

The year corresponds to the fiscal year ending June 30.

In FY 1999/2000 the government established the Public Hospitals Authority (PHA) as an autonomous entity. For comparability of treatment with the previous years, the staff reclassified central government transfers to the PHA as wages and purchases of goods and services.

Table 7.

The Bahamas: Central Government Revenue

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Sources: Central Bank of The Bahamas; Ministry of Finance; and Fund staff estimates.
Table 8.

The Bahamas: Central Government Expenditure 1/

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Sources: Ministry of Finance; and Fund staff estimates.

The year corresponds to the fiscal year ending June 30.

In FY 1999/2000 the government established the Public Hospitals Authority (PHA) as an autonomous entity. For comparability of treatment with the previous years, the staff reclassified central government transfers to the PHA as wages and purchases of goods and services.

Table 9.

The Bahamas: Number of Employees in the Central Government

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Sources: Ministry of Finance; and Fund staff estimates.

Includes the judicial system.

Includes industrial schools.

Table 10.

The Bahamas: Operations of the National Insurance Board (NIB)

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Sources: National Insurance Board; and Fund staff estimates.
Table 11.

The Bahamas: National Insurance Board—Cash and Investments

(In millions of Bahamian dollars)

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Source: National Insurance Board.
Table 12.

The Bahamas: Operations of Nonfinancial Public Corporations 1/

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Sources: Ministry of Finance; public corporations; and Fund staff estimates.

Bahamas Telecommunications Company (BTC), Bahamas Electricity, Water and Sewarage, Bahamasair, Bahamas Broadcasting Corporation.