Indications are that the domestic economy sustained its upward trajectory during February, according to The Central Bank of The Bahamas‘s latest monthly report.

The country saw an increase in long-stay visitor arrivals, underpinning the improvement in tourism sector output, while foreign investment-led projects supported activity in the construction sector.

Reflecting the hike in the value added tax (VAT) rate and higher oil prices, the inflation rate rose modestly in 2018.

In addition, monetary sector developments were dominated by the build-up in banking sector liquidity and external reserves, due to the seasonal tourism-related increase in net foreign currency inflows.

Read/download the full Monthly Economic and Financial Developments February 2019 report here:

• MEFD February 2019 (5MB)