Bahamas
On this page you will find beneficial information regarding foreign direct investment in / trading with Bahamas. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Constitutional Parliamentary Democracy and a Commonwealth Realm
Population: 407,906 (2021)
GDP: 11.21 billion USD (2021)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 0%
Major Exports: Refined Petroleum ($304M), Passenger and Cargo Ships ($153M), Scrap Vessels ($85.6M), Raw Aluminium ($83.7M), and Crustaceans ($78.8M), exporting mostly to United States ($267M), Germany ($160M), Singapore ($138M), Poland ($136M), and Thailand ($95.4M).
Major Imports: Refined Petroleum ($2.39B), Passenger and Cargo Ships ($1.2B), Planes, Helicopters, and/or Spacecraft ($254M), Crude Petroleum ($252M), and Special Purpose Ships ($242M), importing mostly from United States ($2.61B), South Korea ($875M), Germany ($629M), China ($474M), and Russia ($394M).
National Chamber of Commerce: Bahamas Chamber of Commerce and Employers’ Confederation
Website: https://www.thebahamaschamber.com/
Customs Agency: Bahamas Customs Department
Website: https://www.bahamascustoms.gov.bs/
