Overview
Tourism remains the backbone of the Bahamian economy, contributing over 70 percent of GDP and employing more than half of the workforce. The country recorded 11.2 million visitors in 2024, with the majority coming from the United States. Growth is driven by continued airlift expansion and major cruise and resort investments. GDP per capita rose to $38,900 in 2024, and private cruise destinations are expected to be a key driver of growth over the next three to five years.
Leading Sub-sectors
Promising sub-sectors include hurricane-sustainable construction materials for new hotel and second home construction; hotel equipment; restaurant equipment; airport and infrastructure development; and goods and services for the marine and yachting industry. Most of the equipment, construction materials, and furnishings for resort hotels are sourced in the United States.
Opportunities
Ongoing multimillion-dollar projects include Disney Lookout Cay (Eleuthera), Carnival’s Celebration Key (Grand Bahama), Royal Caribbean’s Royal Beach Club (Paradise Island), and upgrades at Atlantis Paradise Island and Baha Mar. There is growing demand for hurricane-resilient building materials, hospitality technology, sustainable tourism products, boutique hotels, and alternative accommodations.