Statistics

The BahamasThe Bahamas is an island of the Caribbean . It is categorized as a middle-income developing country . As shown in the table downstairs , its earn Domestic harvest-tide real offset rate make ups from 0 to 4 from 2004 to 2007 . The broad increase whitethorn be due to tourism , since it makes up two- ordinal of its gross domestic product . cooperate offshore finance , including banking insurance , stocks and bonds , and rough-cut funds , is the second largest intentness , contributing 15 of its GDP3 . It has likewise several low minerals production sectors , such as minerals , cement , salt , backb star , and gravel productions4 . withal(prenominal) its construction industry continues to expand , as it is one of the main labour-intensive industries4 . Its increase is one of the factor that solutions in a sec ure(prenominal)er gay Development Index , since its increased by 0 .845 and ranks on the 49th place1Year GDP - real growth rate company share win over term of Information2003 .10 clxxx 2002 est2004 .00 187 -100 .00 2003 est2005 3 .00 134 2004 est2006 3 .70 128 23 .33 2005 est2007 4 .00 129 8 .11 2006 est In fact its Gross Domestic Product per capita produced an increase of 29 .34 from 2004 to 2007 , making it the third steep-pitchedest per capita income in the western hemisphere (after the join States and Canada ) 1Year GDP - per capita (PPP ) swan Percent Change Date of Information2003 17 ,000 50 2002 est2004 16 ,700 56 -1 .76 2003 est2005 17 ,700 54 5 .99 2004 est2006 20 ,200 51 14 .12 2005 est2007 21 ,600 52 6 .93 2006 estAlthough its GDP undergo growth , pretension decreases . Between 2003 and 2007 inflation has decreased by 50 . This may be a issuance of a tightening monetary policy , in which a high interest rate is included as interest judge reached 5 .25 in Marc h 2008 .

until now in the mass medium and long term high interest rates may protect from a high inflation , but less spending and thus a dismantle aggregate postulate occurs As a result a lower economical activity occurs , leading to lower economic growth , high unemployment hence lower income and a lower GDP occursYear fanfare rate (consumer prices )Rank Percent Change Date of Information2003 1 .80 171 2001 est2004 1 .70 167 -5 .56 2002 est2005 1 .20 29 -29 .412006 1 .20 28 0 .00 20042007 1 .20 21 0 .00 2004 compensate though its GDP has experience an increase , 9 .3 of its universe is still below the poverty line . This may be a result of increasing unemployment rate , since its unemployment rate experienced an increase o f 47 .82 between 2003 to 2007Year Unemployment rate Rank Percent Change Date of Information2003 6 .90 131 2001 est2004 6 .90 128 0 .00 2001 est2005 10 .20 94 47 .83 2004 est2006 10 .20 105 0 .00 2005 est2007 10 .20 114 0 .00 2005 est Nevertheless its current account balance...If you want to stay a full essay, order it on our website: OrderEssay.net

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