Current account balance in Bahamas
Bahamas: Current account balance was -6.6% in 2024. ◆ Volatile
Current account balance in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Bahamas recorded -6.6% for current account balance in 2024.
That represents a change of up 5.0% on the previous year and up 60.7% over ten years.
Over the whole period, current account balance in Bahamas peaked at 10.6% in 1976 and was at its lowest, -22.0%, in 2020.
That places Bahamas 152nd out of 200 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 10.6% | — |
| 1977 | 4.1% | -61.8% |
| 1978 | 0.3% | -92.9% |
| 1979 | -3.8% | -1405.4% |
| 1980 | -5.6% | +49.8% |
| 1981 | -9.8% | +73.9% |
| 1982 | -7.3% | -25.4% |
| 1983 | -5.8% | -20.6% |
| 1984 | -4.9% | -15.4% |
| 1985 | -0.1% | -97.6% |
| 1986 | 0.9% | -899.6% |
| 1987 | -2.0% | -317.1% |
| 1988 | -2.4% | +16.9% |
| 1989 | -2.7% | +16.5% |
| 1990 | -1.2% | -58.0% |
| 1991 | -5.8% | +399.9% |
| 1992 | 1.2% | -119.9% |
| 1993 | 1.6% | +36.7% |
| 1994 | -1.3% | -182.3% |
| 1995 | -4.3% | +228.6% |
| 1996 | -7.3% | +71.5% |
| 1997 | -7.5% | +2.2% |
| 1998 | -14.6% | +95.4% |
| 1999 | -4.2% | -71.0% |
| 2000 | -7.8% | +85.6% |
| 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% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8% | -3.8% | 10.6% | 4 |
| 1980s | -4.0% | -9.8% | 0.9% | 10 |
| 1990s | -4.3% | -14.6% | 1.6% | 10 |
| 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
- 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)
- Final consumption expenditure (constant 2015 US$), per capita 26,321 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 8.52 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.04 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 41,040 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 8.52 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.04 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 41,040 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.73 % change on previous year (2024)
Frequently asked questions
- What is current account balance in Bahamas?
- Current account balance in Bahamas was -6.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Bahamas?
- The highest recorded value was 10.6% in 1976.
- What is the lowest current account balance recorded in Bahamas?
- The lowest recorded value was -22.0% in 2020.
- How does Bahamas rank for current account balance?
- Bahamas ranks 152nd out of 200 countries with data for 2024.
- Is current account balance rising or falling in Bahamas?
- Over the last ten years it is up 60.7%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.