Annual growth rate of real GDP per capita in Bahamas
Bahamas: Annual growth rate of real GDP per capita was 2.9% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Bahamas, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Bahamas recorded 2.9% for annual growth rate of real gdp per capita in 2024.
The figure is up 11.5% on the previous year and up 190.0% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Bahamas peaked at 17.4% in 2021 and was at its lowest, -20.3%, in 2020.
That places Bahamas 84th out of 226 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 growth rate of real GDP per capita in Bahamas, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.8% | — |
| 2001 | 1.4% | -50.0% |
| 2002 | 1.5% | +7.1% |
| 2003 | -2.4% | -260.0% |
| 2004 | -0.4% | -83.3% |
| 2005 | 2.2% | -650.0% |
| 2006 | 1.2% | -45.5% |
| 2007 | 0.0% | -100.0% |
| 2008 | -3.6% | — |
| 2009 | -5.4% | +50.0% |
| 2010 | 0.2% | -103.7% |
| 2011 | -0.5% | -350.0% |
| 2012 | 2.1% | -520.0% |
| 2013 | -3.8% | -281.0% |
| 2014 | 1.0% | -126.3% |
| 2015 | 0.2% | -80.0% |
| 2016 | -1.8% | -1000.0% |
| 2017 | 2.7% | -250.0% |
| 2018 | 1.8% | -33.3% |
| 2019 | -1.3% | -172.2% |
| 2020 | -20.3% | +1461.5% |
| 2021 | 17.4% | -185.7% |
| 2022 | 10.6% | -39.1% |
| 2023 | 2.6% | -75.5% |
| 2024 | 2.9% | +11.5% |
Bahamas compared with similar countries
- Bahamas's 2.9% is above the median for high income countries, which is 1.4%, 2.0× the median. (74 countries reporting)
- Bahamas's 2.9% is above the median for Latin America & Caribbean, which is 2.2%, 1.3× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Annual growth rate of real GDP per capita 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 | -1461.5% | -1.3% | -20.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.3% | -5.4% | 2.8% | 10 |
| 2010s | 0.1% | -3.8% | 2.7% | 10 |
| 2020s | 2.6% | -20.3% | 17.4% | 5 |
Countries ranked near Bahamas
- 84 Cyprus 2.9% compare
- 84 Lao People's Democratic Republic 2.9% compare
- 84 Türkiye 2.9% compare
- 84 Lao People's Democratic Republic 2.9% compare
- 84 Türkiye 2.9% compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Bahamas?
- Annual growth rate of real gdp per capita in Bahamas was 2.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Bahamas?
- The highest recorded value was 17.4% in 2021.
- What is the lowest annual growth rate of real gdp per capita recorded in Bahamas?
- The lowest recorded value was -20.3% in 2020.
- How does Bahamas rank for annual growth rate of real gdp per capita?
- Bahamas ranks 84th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Bahamas?
- Over the last ten years it is up 190.0%. 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 growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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