The Bahamas: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 224

Publication date: July 2005

ISBN: 9781451804720

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Industries - Hospitality Travel and Tourism , Natural Disasters , 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

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Summary

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.