Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population.39 million.38 million.38 million
WDI
A.1.1
Urban population (% of total)82.87% of total82.8% of total82.73% of total
WDI
A.1.4
Urban population growth (annual %)1.38%1.45%1.53%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)8,705 USD (millions)8,511 USD (millions)8,432 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)9,166 USD (millions)9,031 USD (millions)8,795 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)23,902.81 USD 23,628.68 USD 23,671.47 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)25,166.64 USD 25,074.55 USD 24,692.23 USD
WEO
A.2.4
GDP, constant prices (Percent change).48%1.02%.02%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)2.02%.21%.95%
WEO
A.2.6
GDP, deflator (Index)108.56106.64106.73
WEO
A.2.7
Consumer price index109.21107.20105.61
WDI
A.2.8
GINI Index  0.42A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Unemployed14.8%14.3%16.2%
Department of Statistics of The Bahamas
A.2.14.3
Interest Rates:A.2.15
Yield on 3 months treasury bills.68%.53%.3%
IFS
A.2.15.2
Average bank deposit rate1.41%1.42%1.68%
IFS
A.2.15.4
Lending rate4.75%4.75%4.75%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Owner-occupied units  58.92% of totalB.1.4.1
Estimated Number of units completed/yearB.1.5
Formal sector/registered586 units630 units709 unitsB.1.5.1
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


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Notes: Insurance companies with mortgage lending arms "borrow" from their parent company, i.e. they use their own funds.
Notes: Insurance companies with mortgage lending arms "borrow" from their parent company, i.e. they use their own funds.
Notes: Insurance companies with mortgage lending arms "borrow" from their parent company, i.e. they use their own funds.
Notes: Insurance companies with mortgage lending arms "borrow" from their parent company, i.e. they use their own funds.
Notes: National percentage
Notes: Requires that borrowers have mortgage indemnity insurance.
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Notes: The Bahamas Mortgage Corporation is a vehicle for the Ministry of Housing, which is funded through the government (taxes, bond offerings, etc.).
Notes: The Bahamas Mortgage Corporation is a vehicle for the Ministry of Housing, which is funded through the government (taxes, bond offerings, etc.).
Notes: The Bahamas Mortgage Corporation is a vehicle for the Ministry of Housing, which is funded through the government (taxes, bond offerings, etc.).
Notes: The Bahamas Mortgage Corporation is a vehicle for the Ministry of Housing, which is funded through the government (taxes, bond offerings, etc.).