thebahamasweekly.com - Department of Statistics GDP Report; National Accounts 2015 Report Due End of May

From:TheBahamasWeekly.com

Bahamas Information Services Updates
Department of Statistics GDP Report; National Accounts 2015 Report Due End of May
May 6, 2016 - 3:37:38 PM

Pictured from left: Clarice Turnquest, Acting Director/Statistics; Leona Wilson, Acting Director/Statistics; and Nerissa Gibson, Assistant Director/Statistics (BIS Photo/Gena Gibbs)

NASSAU, The Bahamas -- The National Accounts Section of the Department of Statistics announced on April 29, 2016 that the 2015 GDP in Current Prices had a positive growth of 2.74 percent, however the GDP in Constant Prices decreased by 1.66 percent.

Clarice Turnquest, Acting Director of the Statistics Department said the decline at constant prices was due mainly to decreases in the Construction, Hotel, Mining, Manufacturing Industries and Financial Services Directly Measured (FISIM).

She added that, in contrast, the Wholesale & Retail Trade, Banking, Real Estate, Business Services and Public Administration & Defense Industries displayed positive growth, which mitigated the size of the decrease.

Ms. Turnquest said the National Accounts 2015 Report with detailed tables will be available at the end of May 2016 on the Bahamas Government website at http://www.bahamas.gov.bs/ statistics