Annual GDP growth in Bahamas
Bahamas: Annual GDP growth was 3.4% in 2024. ◆ Volatile
Latest (2024)
3.4%
Change on year
up 10.8%
World rank
95th
of 196 countries
All-time high
17.6%
in 2021
All-time low
-20.1%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Bahamas, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
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 95th out of 196 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 | Value | 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% |
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
- 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)
- GDP (current US$), annual growth rate 3.68 % change on previous year (2024)
- GDP (current US$), per capita 39,455 current US$ per person (2024)
- GDP (current LCU), annual growth rate 3.68 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 39,455 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 3.38 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8609 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 33,968 constant 2015 US$ per person (2024)
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 95th out of 196 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).