Final consumption expenditure in Bahamas
Bahamas: Final consumption expenditure was 2.8% in 2024. ◆ Volatile
Final consumption expenditure in Bahamas, 1990–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for final consumption expenditure in Bahamas is 2.8%, measured in 2024.
Compared with earlier readings it is down 68.2% on the previous year and down 22.6% over ten years.
Over the whole period, final consumption expenditure in Bahamas peaked at 16.9% in 1997 and was at its lowest, -9.6%, in 2020.
That places Bahamas 101st out of 175 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.
Final consumption expenditure in Bahamas, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1990 | -2.1% | — |
| 1991 | -3.0% | +45.7% |
| 1992 | -5.0% | +65.4% |
| 1993 | -0.6% | -87.4% |
| 1994 | 3.8% | -705.4% |
| 1995 | 5.3% | +37.6% |
| 1996 | 6.5% | +22.8% |
| 1997 | 16.9% | +161.8% |
| 1998 | 9.1% | -45.9% |
| 1999 | 6.7% | -26.7% |
| 2000 | 2.5% | -62.5% |
| 2001 | 1.1% | -57.3% |
| 2002 | 2.8% | +161.3% |
| 2003 | -2.3% | -181.4% |
| 2004 | -1.8% | -21.0% |
| 2005 | 7.4% | -509.1% |
| 2006 | 2.8% | -62.4% |
| 2007 | 1.0% | -62.9% |
| 2008 | -2.1% | -304.0% |
| 2009 | -7.9% | +277.4% |
| 2010 | 0.8% | -110.2% |
| 2011 | -0.6% | -174.6% |
| 2012 | -7.4% | +1130.1% |
| 2013 | -2.4% | -67.1% |
| 2014 | 3.6% | -246.4% |
| 2015 | 2.9% | -19.2% |
| 2016 | 0.7% | -77.3% |
| 2017 | 8.1% | +1145.2% |
| 2018 | 0.3% | -96.6% |
| 2019 | -6.6% | -2524.5% |
| 2020 | -9.6% | +45.5% |
| 2021 | 14.9% | -255.1% |
| 2022 | 0.6% | -96.2% |
| 2023 | 8.7% | +1443.4% |
| 2024 | 2.8% | -68.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.7% | -5.0% | 16.9% | 10 |
| 2000s | 0.3% | -7.9% | 7.4% | 10 |
| 2010s | -0.1% | -7.4% | 8.1% | 10 |
| 2020s | 3.5% | -9.6% | 14.9% | 5 |
Countries ranked near Bahamas
- 98 Burkina Faso 2.8% compare
- 99 Pakistan 2.8% compare
- 100 Luxembourg 2.8% compare
- 102 Chile 2.8% compare
- 103 North Macedonia 2.7% compare
- 104 Yemen 2.7% 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.97 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8733 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 34,455 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.32 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7434 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 29,331 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.32 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.771 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure in Bahamas?
- Final consumption expenditure in Bahamas was 2.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Bahamas?
- The highest recorded value was 16.9% in 1997.
- What is the lowest final consumption expenditure recorded in Bahamas?
- The lowest recorded value was -9.6% in 2020.
- How does Bahamas rank for final consumption expenditure?
- Bahamas ranks 101st out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in Bahamas?
- Over the last ten years it is down 22.6%. 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 Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.