Bahamian Economy Up by 3.8% in 2025, Says BNSI Report

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NASSAU, BAHAMAS – Numbers from the Bahamas National Statistical Institute (BNSI) are in, showing an economy that’s growing at solid pace.

The recent statistics are advanced estimates for 2025’s gross domestic product.

It shows an economic expansion, up from $14.6B in 2024 to $15.2B last year, marking an acceleration of 3.8% real terms growth in 2025.

That figure outperformed the International Monetary Fund’s projection of 2.8%.

So what drove the economic growth?

According to the BNSI it was driven primarily by the financial and insurance sector, transport and storage, accommodation, food services and construction industries – accounting for the largest share of the growth.

The financial and insurance activities sector expanded by approximately $203M, an upward movement driven mainly by the insurance industry sub-sector.

The accommodation and food services sector also did well in 2025, with an increase by approximately $79M.

While the construction sector increased by approximately $80M, the BNSI says this increase is mirrored in the rise of imports of construction materials.

The transport and storage sector also increased by $47M.

Now, the release of the new numbers comes as the Davis administration prepares to present its budget for the 2026/2027 Fiscal Year in Parliament on Wednesday.