An Overview
By Barry Malcolm, Executive Director, Bahamas Financial Services Board
The 90s have brought a refreshing wind of change to all aspects of the economy of The Bahamas. While new hotel developments throughout the country provide the most striking evidence of this extensive national growth, there are many factors that have brought about a renewed confidence and interest in The Bahamas as a leading international business center.
Construction is at an all-time high in both of the main economic sectors – hospitality and financial services. Direct investment of more than $2 billion has been committed in the past two years. This is significant for an economy with a GDP of $3.4 billion.
