Annual GDP growth (%) in Bahamas
Bahamas: Annual GDP growth (%) was 3.4% in 2024. ◆ Volatile
Annual GDP growth in Bahamas, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Bahamas stood at 3.4%.
The figure is up 10.8% on the previous year and up 82.9% over ten years.
Over the whole period, annual gdp growth in Bahamas peaked at 17.6% in 2021 and was at its lowest, -20.1%, in 2020.
That places Bahamas 112th out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.1% | — |
| 2001 | 2.6% | -36.7% |
| 2002 | 2.7% | +3.0% |
| 2003 | -1.3% | -146.8% |
| 2004 | 0.9% | -169.8% |
| 2005 | 3.4% | +284.9% |
| 2006 | 2.5% | -25.9% |
| 2007 | 1.4% | -42.5% |
| 2008 | -2.3% | -260.7% |
| 2009 | -4.2% | +79.7% |
| 2010 | 1.5% | -136.9% |
| 2011 | 0.6% | -60.1% |
| 2012 | 4.5% | +637.2% |
| 2013 | -2.9% | -163.3% |
| 2014 | 1.8% | -164.5% |
| 2015 | 1.0% | -46.0% |
| 2016 | -1.2% | -216.0% |
| 2017 | 3.4% | -391.5% |
| 2018 | 2.4% | -28.9% |
| 2019 | -0.8% | -135.0% |
| 2020 | -20.1% | +2295.6% |
| 2021 | 17.6% | -187.5% |
| 2022 | 10.9% | -38.1% |
| 2023 | 3.0% | -72.0% |
| 2024 | 3.4% | +10.8% |
Bahamas compared with similar countries
- Bahamas's 3.4% is above the median for high income countries, which is 2.1%, 1.6× the median. (80 countries reporting)
- Bahamas's 3.4% is above the median for Latin America & Caribbean, which is 3.3%, 1.0× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Bahamas changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -2295.6% | -0.8% | -20.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.0% | -4.2% | 4.1% | 10 |
| 2010s | 1.0% | -2.9% | 4.5% | 10 |
| 2020s | 3.0% | -20.1% | 17.6% | 5 |
Countries ranked near Bahamas
More economy & growth data for Bahamas
- Real gdp growth, annual growth rate 10.82 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9419 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.9 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ of GDP (2024)
- SDRs holdings, US dollar, per capita 408.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.1038 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0076 units per US$ of GDP (2024)
- SDRs holdings, SDR, per capita 298.62 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.93 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Bahamas?
- Annual gdp growth in Bahamas was 3.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Bahamas?
- The highest recorded value was 17.6% in 2021.
- What is the lowest annual gdp growth recorded in Bahamas?
- The lowest recorded value was -20.1% in 2020.
- How does Bahamas rank for annual gdp growth?
- Bahamas ranks 112th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Bahamas?
- Over the last ten years it is up 82.9%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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