Bahamas: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 2.92 billion Bahamian Dollar as of June 2024, a decline compared to the previous value of 2.95 billion Bahamian Dollar. Historically, the average for the Bahamas from January 1970 to June 2024 is 0.58 billion Bahamian Dollar. The minimum of 0.02 billion Bahamian Dollar was recorded in January 1970, while the maximum of 3.31 billion Bahamian Dollar was reached in July 2022.
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* indicates monthly or quarterly data series
- Measure: billion Bahamian Dollar
- Source: The Central Bank of The Bahamas
| Recent values | Bahamas: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Jun | 2.92 |
| 2024 May | 2.95 |
| 2024 Apr | 2.97 |
| 2024 Mar | 2.91 |
| 2024 Feb | 2.87 |
| 2024 Jan | 2.74 |
| 2023 Dec | 2.52 |
| 2023 Nov | 2.48 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 95.31 | 2021 | percent |
| Trade openness | 82.70 | 2023 | percent |
| Financial openness | -1.931 | 2021 | index points |
| Exports, percent of GDP | 39.75 | 2023 | percent |
| Exports, billion dollars | 5.70 | 2023 | billion U.S. dollars |
| Growth of exports | 4.51 | 2023 | percent |
| Imports, percent of GDP | 42.96 | 2023 | percent |
| Imports, billion dollars | 6.16 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.12 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.53 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2016 | million dollars (current) |
| Current account, percent of GDP | -8.19 | 2022 | percent |
| Current account, in dollars | -1.76 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | -5.14 | 2022 | percent |
| Trade balance, in dollars | -0.95 | 2022 | billion U.S. dollars |
| Reserves | 2.51 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.38 | 2023 | percent |
| Remittances | 55.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 539.89 | 2022 | million USD |
| Foreign exchange reserves | 2.58 | 9/2023 | billion |