A breathtaking aerial view of Nassau, Bahamas showcasing vibrant blue waters and lush greenery.Scenic view of the Atlantis Resort amidst palm trees and blue ocean, Nassau, Bahamas.

Bahamas

North America · Caribbean

Very Expensive Cost of LivingVery High Development
HDI0.820#56 / 191Very High
GDP / Capita$39K#30 / 190High
Population403K171st
PPP / Capita$41KModerate

700 islands of turquoise water; an offshore finance hub with a strong tourism economy.

At a Glance

65
ModerateEqualityGender equality, higher is more equal
11
Very ExpensiveCost of LivingHigher is cheaper to live in
56
ModerateLife ExpectancyLife expectancy at birth
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Bahamas's Human Development Index

0.820

Very High human development

#56 of 191 countries worldwide, #5 of 23 in North America.

Higher than 71% of countries with data. UNDP Human Development Report.

UNDP builds the index from three dimensions: a long and healthy life, being knowledgeable, and a decent standard of living. They are measured by life expectancy at birth, mean and expected years of schooling, and gross national income per capita.

Closest indicators in this dataset

Life expectancy at birth74.7 yrs (2024)
GNI per capita$37,020 (2024)

World Bank, own vintages. UNDP’s own component values are not carried here, so these are related measures rather than the index inputs.

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Bahamas

The Bahamas is an archipelago of over 700 islands and cays scattered across the western Atlantic, famous for its extraordinary turquoise waters, pink-sand beaches, and laid-back island atmosphere. Nassau has energy and history, while the outer islands offer real seclusion and some of the best diving and sailing in the world. Those seeking cultural depth or budget travel may find it falls short, but for coastal beauty it is hard to beat.

  • 16% of total national territory is water.
  • One of the most significant offshore banking jurisdictions in the world.
  • Has no income tax, capital gains tax, or inheritance tax.
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Quick Facts

Capital

Nassau

Language

English

Currency

$ BSD

Area

10,010 km²

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Nomad Hub

Fixed Broadband

82Mbps

Moderate90th globally
PlugType A/B
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Digital Nomad Visa

Min. Income

$1,000/mo

Duration

12 months

Renewable

Yes

Application Fee

~$1,000

Application difficultyEasy
Tax treatmentExempt
Processing time~5 days
Health insuranceRequired
DependentsYes (+$500)
Apply onlineYes
Path to residencyNo
Open to all nationalitiesYes

GDP / Capita

i

$39K

High

PPP / Capita

i

$41K

Very High

Inflation

i

0.4%

Low

Unemployment

i

9.2%

Moderate

GNI / Capita

i

$37K

High

Tax Revenue

i

17.3%

FDI Inflows

i

1.5%

Education Spend

i

2.7%

Cost of Living

i

98.8

Very Expensive

Price Level Index

i

4th pct

Very Expensive

20-Year Trend + IMF Forecast

Income & inflation over time

i
+35% nominal+1% real
$17K$33K$50K2%4%6%200620102015202020252027
GDPPPPInflationIMF forecast

HDI since 1990

0.7600.820 (+0.060)Year by year →
1990: 0.7601991: 0.7571992: 0.7621993: 0.7621994: 0.7651995: 0.7731996: 0.7781997: 0.7751998: 0.7761999: 0.7842000: 0.7882001: 0.7902002: 0.7922003: 0.7932004: 0.7952005: 0.7982006: 0.8002007: 0.8002008: 0.8012009: 0.7982010: 0.8002011: 0.8002012: 0.8032013: 0.8042014: 0.8072015: 0.8072016: 0.8092017: 0.8122018: 0.8142019: 0.8022020: 0.7982021: 0.7992022: 0.820

UNDP Human Development Report, 2023-24 edition. 33 annual values, none interpolated; hover any point for its year.

Life expectancy at birth73.474.7 (+1.3)
Internet users2692 (+66)
Urban population8281 (-1)
Births per woman2.011.37 (-0.64)
Renewable share of energy21 (-1)
Access to electricity100100 (0)
Infant mortality1511 (-3)
CO2 emissions per person2.53.6 (+1.1)
Forest area5151 (0)

World Bank observations, first to last available year per indicator (roughly 2005–2024; each series has its own window).

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Quick answers

What is Bahamas's Human Development Index?

Bahamas's Human Development Index is 0.820 (UNDP Human Development Report), ranked #56 of 191 countries.

How expensive is Bahamas?

Numbeo's cost-of-living index puts Bahamas at 98.8 (New York = 100); that is #141 cheapest of 143 countries with data.

What is life expectancy in Bahamas?

Life expectancy at birth in Bahamas is 74.7 yrs (World Bank), ranked #89 of 195 countries.