External balance on goods and services in Bahamas
Bahamas: External balance on goods and services was -581.90 million current LCU in 2024. ◆ Volatile
Latest (2024)
-581.90 million current LCU
Change on year
down 311.2%
World rank
90th
of 192 countries
All-time high
235.00 million current LCU
in 2015
All-time low
-1.36 billion current LCU
in 2011
Years of data
47
1977–2024
External balance on goods and services in Bahamas, 1977–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for external balance on goods and services in Bahamas is -581.90 million current LCU, measured in 2024.
That represents a change of down 311.2% on the previous year and up 10.1% over ten years.
Over the whole period, external balance on goods and services in Bahamas peaked at 235.00 million current LCU in 2015 and was at its lowest, -1.36 billion current LCU, in 2011.
That places Bahamas 90th out of 192 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.
External balance on goods and services in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1977 | 117.70 million current LCU | — |
| 1978 | 126.10 million current LCU | +7.1% |
| 1979 | 98.80 million current LCU | -21.6% |
| 1980 | 100.20 million current LCU | +1.4% |
| 1981 | 71.50 million current LCU | -28.6% |
| 1982 | 98.40 million current LCU | +37.6% |
| 1983 | 148.20 million current LCU | +50.6% |
| 1984 | 107.80 million current LCU | -27.3% |
| 1985 | 128.10 million current LCU | +18.8% |
| 1986 | 146.20 million current LCU | +14.1% |
| 1987 | 149.80 million current LCU | +2.5% |
| 1989 | -102.19 million current LCU | -168.2% |
| 1990 | -56.94 million current LCU | -44.3% |
| 1991 | -131.18 million current LCU | +130.4% |
| 1992 | -30.08 million current LCU | -77.1% |
| 1993 | 17.73 million current LCU | -158.9% |
| 1994 | -76.88 million current LCU | -533.6% |
| 1995 | -184.04 million current LCU | +139.4% |
| 1996 | -353.01 million current LCU | +91.8% |
| 1997 | -378.30 million current LCU | +7.2% |
| 1998 | -574.80 million current LCU | +51.9% |
| 1999 | -214.30 million current LCU | -62.7% |
| 2000 | -286.70 million current LCU | +33.8% |
| 2001 | -362.30 million current LCU | +26.4% |
| 2002 | 184.10 million current LCU | -150.8% |
| 2003 | 49.40 million current LCU | -73.2% |
| 2004 | 38.80 million current LCU | -21.5% |
| 2005 | -381.30 million current LCU | -1082.7% |
| 2006 | -1.11 billion current LCU | +191.5% |
| 2007 | -831.30 million current LCU | -25.2% |
| 2008 | -888.60 million current LCU | +6.9% |
| 2009 | -812.50 million current LCU | -8.6% |
| 2010 | -885.30 million current LCU | +9.0% |
| 2011 | -1.36 billion current LCU | +53.1% |
| 2012 | -857.30 million current LCU | -36.8% |
| 2013 | -506.50 million current LCU | -40.9% |
| 2014 | -647.30 million current LCU | +27.8% |
| 2015 | 235.00 million current LCU | -136.3% |
| 2016 | -179.30 million current LCU | -176.3% |
| 2017 | -607.70 million current LCU | +238.9% |
| 2018 | -211.60 million current LCU | -65.2% |
| 2019 | 156.00 million current LCU | -173.7% |
| 2020 | -712.30 million current LCU | -556.6% |
| 2021 | -1.20 billion current LCU | +68.8% |
| 2022 | -231.40 million current LCU | -80.8% |
| 2023 | -141.50 million current LCU | -38.9% |
| 2024 | -581.90 million current LCU | +311.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 114.20 million current LCU | 98.80 million current LCU | 126.10 million current LCU | 3 |
| 1980s | 94.22 million current LCU | -102.19 million current LCU | 149.80 million current LCU | 9 |
| 1990s | -198.18 million current LCU | -574.80 million current LCU | 17.73 million current LCU | 10 |
| 2000s | -440.19 million current LCU | -1.11 billion current LCU | 184.10 million current LCU | 10 |
| 2010s | -485.98 million current LCU | -1.36 billion current LCU | 235.00 million current LCU | 10 |
| 2020s | -573.92 million current LCU | -1.20 billion current LCU | -141.50 million current LCU | 5 |
Countries ranked near Bahamas
- 87 United States Virgin Islands -509.00 million current LCU compare
- 88 Northern Mariana Islands -533.00 million current LCU compare
- 89 Samoa -551.78 million current LCU compare
- 91 Tonga -673.00 million current LCU compare
- 92 Bulgaria -1.20 billion current LCU compare
- 93 Fiji -1.37 billion current LCU 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)
- GNI (current LCU), annual growth rate 4.66 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.9601 current LCU per US$ of GDP (2024)
- GNI (current LCU), per capita 37,881 current LCU per person (2024)
- Net primary income (Net income from abroad) (current US$), annual 15.46 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 15.46 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 0.159 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1233 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 4,866 current US$ per person (2024)
Frequently asked questions
- What is external balance on goods and services in Bahamas?
- External balance on goods and services in Bahamas was -581.90 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Bahamas?
- The highest recorded value was 235.00 million current LCU in 2015.
- What is the lowest external balance on goods and services recorded in Bahamas?
- The lowest recorded value was -1.36 billion current LCU in 2011.
- How does Bahamas rank for external balance on goods and services?
- Bahamas ranks 90th out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Bahamas?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.