Current account balance as a proportion of GDP (%) in Bahamas
Bahamas: Current account balance as a proportion of GDP (%) was -6.6% in 2024. ▼ Falling
Current account balance as a proportion of GDP in Bahamas, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Bahamas recorded -6.6% for current account balance as a proportion of gdp in 2024.
Compared with earlier readings it is up 5.0% on the previous year and up 60.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in Bahamas peaked at -2.6% in 2019 and was at its lowest, -22.0%, in 2020.
Bahamas ranks 156th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a proportion of GDP (%) in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -7.8% | — |
| 2001 | -7.8% | -1.1% |
| 2002 | -4.8% | -38.5% |
| 2003 | -5.3% | +12.0% |
| 2004 | -3.4% | -36.5% |
| 2005 | -7.1% | +110.0% |
| 2006 | -13.8% | +93.8% |
| 2007 | -12.4% | -10.3% |
| 2008 | -11.6% | -6.3% |
| 2009 | -8.1% | -30.2% |
| 2010 | -8.1% | -0.5% |
| 2011 | -11.9% | +48.2% |
| 2012 | -14.0% | +17.5% |
| 2013 | -14.3% | +1.6% |
| 2014 | -16.9% | +18.7% |
| 2015 | -10.2% | -39.9% |
| 2016 | -6.0% | -41.1% |
| 2017 | -12.7% | +111.5% |
| 2018 | -8.7% | -31.2% |
| 2019 | -2.6% | -70.1% |
| 2020 | -22.0% | +747.2% |
| 2021 | -20.2% | -8.3% |
| 2022 | -8.9% | -56.1% |
| 2023 | -7.0% | -21.1% |
| 2024 | -6.6% | -5.0% |
Bahamas compared with similar countries
- Bahamas's -6.6% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- Bahamas's -6.6% is below the median for Latin America & Caribbean, which is -1.6%, 4.1× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 | -747.2% | -2.6% | -22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.2% | -13.8% | -3.4% | 10 |
| 2010s | -10.5% | -16.9% | -2.6% | 10 |
| 2020s | -13.0% | -22.0% | -6.6% | 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 current account balance as a proportion of gdp in Bahamas?
- Current account balance as a proportion of gdp in Bahamas was -6.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Bahamas?
- The highest recorded value was -2.6% in 2019.
- What is the lowest current account balance as a proportion of gdp recorded in Bahamas?
- The lowest recorded value was -22.0% in 2020.
- How does Bahamas rank for current account balance as a proportion of gdp?
- Bahamas ranks 156th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Bahamas?
- Over the last ten years it is up 60.7%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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