The Bahamas: Staff Report for the 1999 Article IV Consultation
This 1999 Article IV Consultation highlights that real GDP growth for The Bahamas accelerated from less than 1 percent a year in 1994–95 to 4 percent in 1996, but slowed somewhat in 1997–98 as construction work on a second phase of tourism projects led to a decline in the number of available hotel rooms and in tourist arrivals. Following the completion of the expansion projects in November–December 1998, tourist arrivals rose sharply in the first quarter of 1999.
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Volume/Issue:
Volume 1999
Issue 089
Publication date: August 1999
ISBN: 9781451804645
$20.00
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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Industries - Hospitality Travel and Tourism , ISCR , CR , government , Bahamian authorities , government limit transfer , transfers to non-profit , government ownership , government's willingness , Public sector , Tourism , Imports , Caribbean , Western Hemisphere
Summary
This 1999 Article IV Consultation highlights that real GDP growth for The Bahamas accelerated from less than 1 percent a year in 1994–95 to 4 percent in 1996, but slowed somewhat in 1997–98 as construction work on a second phase of tourism projects led to a decline in the number of available hotel rooms and in tourist arrivals. Following the completion of the expansion projects in November–December 1998, tourist arrivals rose sharply in the first quarter of 1999.
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