External balance on goods and services (current US$) (US current) in Bahamas
Bahamas: External balance on goods and services (current US$) (US current) was -581.90 million current US$ in 2024. ◆ Volatile
External balance on goods and services in Bahamas, 1977–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in Bahamas is -581.90 million current US$, measured in 2024.
Compared with earlier readings it is 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 US$ in 2015 and was at its lowest, -1.36 billion current US$, in 2011.
That places Bahamas 108th out of 193 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$) (US current) in Bahamas, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 117.70 million current US$ | — |
| 1978 | 126.10 million current US$ | +7.1% |
| 1979 | 98.80 million current US$ | -21.6% |
| 1980 | 100.20 million current US$ | +1.4% |
| 1981 | 71.50 million current US$ | -28.6% |
| 1982 | 98.40 million current US$ | +37.6% |
| 1983 | 148.20 million current US$ | +50.6% |
| 1984 | 107.80 million current US$ | -27.3% |
| 1985 | 128.10 million current US$ | +18.8% |
| 1986 | 146.20 million current US$ | +14.1% |
| 1987 | 149.80 million current US$ | +2.5% |
| 1989 | -102.19 million current US$ | -168.2% |
| 1990 | -56.94 million current US$ | -44.3% |
| 1991 | -131.18 million current US$ | +130.4% |
| 1992 | -30.08 million current US$ | -77.1% |
| 1993 | 17.73 million current US$ | -158.9% |
| 1994 | -76.88 million current US$ | -533.6% |
| 1995 | -184.04 million current US$ | +139.4% |
| 1996 | -353.01 million current US$ | +91.8% |
| 1997 | -378.30 million current US$ | +7.2% |
| 1998 | -574.80 million current US$ | +51.9% |
| 1999 | -214.30 million current US$ | -62.7% |
| 2000 | -286.70 million current US$ | +33.8% |
| 2001 | -362.30 million current US$ | +26.4% |
| 2002 | 184.10 million current US$ | -150.8% |
| 2003 | 49.40 million current US$ | -73.2% |
| 2004 | 38.80 million current US$ | -21.5% |
| 2005 | -381.30 million current US$ | -1082.7% |
| 2006 | -1.11 billion current US$ | +191.5% |
| 2007 | -831.30 million current US$ | -25.2% |
| 2008 | -888.60 million current US$ | +6.9% |
| 2009 | -812.50 million current US$ | -8.6% |
| 2010 | -885.30 million current US$ | +9.0% |
| 2011 | -1.36 billion current US$ | +53.1% |
| 2012 | -857.30 million current US$ | -36.8% |
| 2013 | -506.50 million current US$ | -40.9% |
| 2014 | -647.30 million current US$ | +27.8% |
| 2015 | 235.00 million current US$ | -136.3% |
| 2016 | -179.30 million current US$ | -176.3% |
| 2017 | -607.70 million current US$ | +238.9% |
| 2018 | -211.60 million current US$ | -65.2% |
| 2019 | 156.00 million current US$ | -173.7% |
| 2020 | -712.30 million current US$ | -556.6% |
| 2021 | -1.20 billion current US$ | +68.8% |
| 2022 | -231.40 million current US$ | -80.8% |
| 2023 | -141.50 million current US$ | -38.9% |
| 2024 | -581.90 million current US$ | +311.2% |
Bahamas compared with similar countries
- Bahamas's -581.90 million current US$ is below the median for high income countries, which is 3.43 billion current US$. (72 countries reporting)
- Bahamas's -581.90 million current US$ is below the median for Latin America & Caribbean, which is -154.10 million current US$, 3.8× the median. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current US$) (US current) 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 |
|---|---|---|---|
| 2005 | -1082.7% | 38.80 million current US$ | -381.30 million current US$ |
| 2020 | -556.6% | 156.00 million current US$ | -712.30 million current US$ |
| 1994 | -533.6% | 17.73 million current US$ | -76.88 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 114.20 million current US$ | 98.80 million current US$ | 126.10 million current US$ | 3 |
| 1980s | 94.22 million current US$ | -102.19 million current US$ | 149.80 million current US$ | 9 |
| 1990s | -198.18 million current US$ | -574.80 million current US$ | 17.73 million current US$ | 10 |
| 2000s | -440.19 million current US$ | -1.11 billion current US$ | 184.10 million current US$ | 10 |
| 2010s | -485.98 million current US$ | -1.36 billion current US$ | 235.00 million current US$ | 10 |
| 2020s | -573.92 million current US$ | -1.20 billion current US$ | -141.50 million current US$ | 5 |
Countries ranked near Bahamas
- 105 Northern Mariana Islands -533.00 million current US$ compare
- 106 Sierra Leone -545.92 million current US$ compare
- 107 Bhutan -547.93 million current US$ compare
- 109 Fiji -605.83 million current US$ compare
- 110 Benin -739.95 million current US$ compare
- 111 Iceland -872.02 million current US$ 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0172 units per US$ of GDP (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 US$ 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 US$ in 2015.
- What is the lowest external balance on goods and services recorded in Bahamas?
- The lowest recorded value was -1.36 billion current US$ in 2011.
- How does Bahamas rank for external balance on goods and services?
- Bahamas ranks 108th out of 193 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 US$). 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 indicator is expressed in United States dollars.