Current account balance as a share of GDP in Bahamas
Bahamas: Current account balance as a share of GDP was -6.7% in 2024. ▼ Falling
Current account balance as a share of GDP in Bahamas, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
Bahamas recorded -6.7% for current account balance as a share 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 share of gdp in Bahamas peaked at -2.6% in 2019 and was at its lowest, -22.0%, in 2020.
That places Bahamas 149th out of 193 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a share 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% | +11.9% |
| 2004 | -3.4% | -36.5% |
| 2005 | -7.1% | +110.0% |
| 2006 | -13.8% | +94.0% |
| 2007 | -12.4% | -10.3% |
| 2008 | -11.6% | -6.3% |
| 2009 | -8.1% | -30.2% |
| 2010 | -8.1% | -0.5% |
| 2011 | -11.9% | +48.3% |
| 2012 | -14.0% | +17.5% |
| 2013 | -14.3% | +1.6% |
| 2014 | -16.9% | +18.7% |
| 2015 | -10.2% | -40.0% |
| 2016 | -6.0% | -41.1% |
| 2017 | -12.7% | +111.5% |
| 2018 | -8.7% | -31.2% |
| 2019 | -2.6% | -70.1% |
| 2020 | -22.0% | +747.7% |
| 2021 | -20.2% | -8.3% |
| 2022 | -8.9% | -56.1% |
| 2023 | -7.0% | -21.1% |
| 2024 | -6.7% | -5.0% |
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% | -6.7% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 12.71 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3084 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 12,169 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -311.24 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -311.24 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 17.44 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0051 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 203.1 current LCU per person (2024)
Frequently asked questions
- What is current account balance as a share of gdp in Bahamas?
- Current account balance as a share of gdp in Bahamas was -6.7% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Bahamas?
- The highest recorded value was -2.6% in 2019.
- What is the lowest current account balance as a share of gdp recorded in Bahamas?
- The lowest recorded value was -22.0% in 2020.
- How does Bahamas rank for current account balance as a share of gdp?
- Bahamas ranks 149th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).