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GDP is estimated to have expanded by 5.6 percent in 2021, as tourist arrivals to the islands rebounded thanks to vaccination efforts in The Bahamas and easing travel restrictions in main tourism markets. Tourism remains the country’s main economic activity and source of revenue, with over 50 percent of the labor force employed in the sector. The current account deficit remains high but narrowed to 19.3 percent of GDP. Fiscal accounts deteriorated...
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