{"id":82725,"date":"2026-02-04T16:09:24","date_gmt":"2026-02-04T16:09:24","guid":{"rendered":"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/?p=82725"},"modified":"2026-02-12T19:17:57","modified_gmt":"2026-02-12T19:17:57","slug":"central-bank-governor-tourism-kept-economic-growth-close-to-3-in-2025","status":"publish","type":"post","link":"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/2026\/02\/04\/central-bank-governor-tourism-kept-economic-growth-close-to-3-in-2025\/","title":{"rendered":"Central bank governor: Tourism kept economic growth close to 3% in 2025"},"content":{"rendered":"<h3><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-383635 alignright\" src=\"https:\/\/www.bahamastradeinfo.gov.bs\/cms\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-105049-300x226.png\" alt=\"Tourism Fuels Bahamas Economic Growth\" width=\"300\" height=\"226\" \/>Tourism Keeps Bahamian Growth Near 3% in 2025<\/h3>\n<p>The Bahamian economy experienced modest growth close to three percent in 2025, with expectations for 2026 being that the country\u2019s growth rate will be similar to 2025, as the tourism outlook improves this year, Governor of The Central Bank of The Bahamas (CBOB) John Rolle said yesterday during the Central Bank\u2019s quarterly press briefing.<\/p>\n<p>\u201cBased on the latest available indicators, the Bahamian economy is estimated to have grown at a slightly moderated pace in 2025, when compared to 2024,\u201d said Rolle.<\/p>\n<p>\u201cGrowth in tourism earnings supported the outcome, with pricing improvements bolstering otherwise capacity-constrained performance in the stopover market, alongside a sustained and robust expansion in cruise output.\u201d<\/p>\n<p>Rolle added that foreign investments also stimulated the economy, and along with tourism, boosted employment levels. He explained that increased bank lending also supported consumer spending and local investments.<\/p>\n<p>\u201cFor 2025, the economy is projected to have grown at a rate close to three percent, after an estimated 3.4 percent rise in 2024,\u201d said Rolle.<\/p>\n<p>\u201cThis remains above the medium-term potential, which is still projected at just under two percent per annum.\u201d<\/p>\n<h3>Central Bank: Economy Holds Steady on Tourism Strength<\/h3>\n<p>According to Rolle, economic indicators reveal that tourist numbers from The Bahamas\u2019 primary source market, the US, are expected to grow this year.<\/p>\n<p>He added that the growing cruise sector is expected to ensure tourism numbers are bolstered this year and at least keep pace with 2025.<\/p>\n<p>\u201cOn the upside, with the US contribution to stopover projected to strengthen, stopover earnings growth could stabilize or improve incrementally, and along with vibrancy in cruise activity, help to at least maintain the same rate of gains as was experienced in 2025,\u201d Rolle said.<\/p>\n<p>He also explained that the constraint in the stopover visitor segment felt last year is not expected in 2026.<\/p>\n<p>\u201cIn the US case, we had an estimated reduction in total US visitor arrivals last year in the stopover segment. We do not expect that to continue this year,\u201d said Rolle.<\/p>\n<p>\u201cAnd so that in itself makes a difference, because the US market is the super majority insofar as total visit arrivals are concerned.<\/p>\n<p>\u201cAnd that super majority really overshadowed a considerable amount of the upsurge we saw in non-US visitors in the stopover segment.\u201d<\/p>\n<h3>Cruise Arrivals Anchor Growth Outlook<\/h3>\n<p>The country had another record-breaking year last year, welcoming 12.5 million visitors.<\/p>\n<p>That number smashed 2024\u2019s record and blew past pre-pandemic 2019 figures by more than 72 percent.<\/p>\n<p>But while sea arrivals shot up by 14 percent last year, air arrivals had a slight drop of 1.6 percent compared to 2024 figures.<\/p>\n<p>The government is leaning on the growth of the cruise segment and investments in cruise lines\u2019 private islands and their subsequent activity to drive economic growth for the next few years.<\/p>\n<p><a href=\"https:\/\/www.thenassauguardian.com\/business\/central-bank-governor-tourism-kept-economic-growth-close-to-3-in-2025\/article_31530dcd-58c0-44e4-955a-b21b401deb13.html\" target=\"_blank\" rel=\"noopener\"><strong>Source: Nassau Guardian<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bahamian economy experienced modest growth close to three percent in 2025, with similar expectations for 2026.<\/p>\n","protected":false},"author":16,"featured_media":82726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-82725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - 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