Final consumption expenditure in Bahamas
Bahamas: Final consumption expenditure was 10.56 billion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Bahamas recorded 10.56 billion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 36 years on record.
That represents a change of up 2.8% on the previous year and up 22.3% over ten years.
Over the whole period, final consumption expenditure in Bahamas peaked at 10.56 billion constant 2015 US$ in 2024 and was at its lowest, 5.66 billion constant 2015 US$, in 1993.
That places Bahamas 133rd out of 172 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Final consumption expenditure in Bahamas, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1989 | 6.32 billion constant 2015 US$ | — |
| 1990 | 6.19 billion constant 2015 US$ | -2.1% |
| 1991 | 6.00 billion constant 2015 US$ | -3.0% |
| 1992 | 5.70 billion constant 2015 US$ | -5.0% |
| 1993 | 5.66 billion constant 2015 US$ | -0.6% |
| 1994 | 5.88 billion constant 2015 US$ | +3.8% |
| 1995 | 6.19 billion constant 2015 US$ | +5.3% |
| 1996 | 6.59 billion constant 2015 US$ | +6.5% |
| 1997 | 7.70 billion constant 2015 US$ | +16.9% |
| 1998 | 8.40 billion constant 2015 US$ | +9.1% |
| 1999 | 8.97 billion constant 2015 US$ | +6.7% |
| 2000 | 9.19 billion constant 2015 US$ | +2.5% |
| 2001 | 9.29 billion constant 2015 US$ | +1.1% |
| 2002 | 9.55 billion constant 2015 US$ | +2.8% |
| 2003 | 9.33 billion constant 2015 US$ | -2.3% |
| 2004 | 9.16 billion constant 2015 US$ | -1.8% |
| 2005 | 9.84 billion constant 2015 US$ | +7.4% |
| 2006 | 10.11 billion constant 2015 US$ | +2.8% |
| 2007 | 10.22 billion constant 2015 US$ | +1.0% |
| 2008 | 10.00 billion constant 2015 US$ | -2.1% |
| 2009 | 9.21 billion constant 2015 US$ | -7.9% |
| 2010 | 9.28 billion constant 2015 US$ | +0.8% |
| 2011 | 9.23 billion constant 2015 US$ | -0.6% |
| 2012 | 8.55 billion constant 2015 US$ | -7.4% |
| 2013 | 8.34 billion constant 2015 US$ | -2.4% |
| 2014 | 8.63 billion constant 2015 US$ | +3.6% |
| 2015 | 8.88 billion constant 2015 US$ | +2.9% |
| 2016 | 8.94 billion constant 2015 US$ | +0.7% |
| 2017 | 9.67 billion constant 2015 US$ | +8.1% |
| 2018 | 9.70 billion constant 2015 US$ | +0.3% |
| 2019 | 9.05 billion constant 2015 US$ | -6.6% |
| 2020 | 8.18 billion constant 2015 US$ | -9.6% |
| 2021 | 9.40 billion constant 2015 US$ | +14.9% |
| 2022 | 9.46 billion constant 2015 US$ | +0.6% |
| 2023 | 10.28 billion constant 2015 US$ | +8.7% |
| 2024 | 10.56 billion constant 2015 US$ | +2.8% |
Bahamas compared with similar countries
- Bahamas's 10.56 billion constant 2015 US$ is below the median for high income countries, which is 177.97 billion constant 2015 US$, 6% of the median. (61 countries reporting)
- Bahamas's 10.56 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 57.58 billion constant 2015 US$, 18% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.32 billion constant 2015 US$ | 6.32 billion constant 2015 US$ | 6.32 billion constant 2015 US$ | 1 |
| 1990s | 6.73 billion constant 2015 US$ | 5.66 billion constant 2015 US$ | 8.97 billion constant 2015 US$ | 10 |
| 2000s | 9.59 billion constant 2015 US$ | 9.16 billion constant 2015 US$ | 10.22 billion constant 2015 US$ | 10 |
| 2010s | 9.03 billion constant 2015 US$ | 8.34 billion constant 2015 US$ | 9.70 billion constant 2015 US$ | 10 |
| 2020s | 9.58 billion constant 2015 US$ | 8.18 billion constant 2015 US$ | 10.56 billion constant 2015 US$ | 5 |
Countries ranked near Bahamas
- 130 Mauritius 11.86 billion constant 2015 US$ compare
- 131 Rwanda 11.26 billion constant 2015 US$ compare
- 132 North Macedonia 11.07 billion constant 2015 US$ compare
- 134 South Sudan 10.38 billion constant 2015 US$ compare
- 135 Moldova 9.81 billion constant 2015 US$ compare
- 136 Equatorial Guinea 9.58 billion constant 2015 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Bahamas?
- Final consumption expenditure in Bahamas was 10.56 billion constant 2015 US$ 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 10.56 billion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in Bahamas?
- The lowest recorded value was 5.66 billion constant 2015 US$ in 1993.
- How does Bahamas rank for final consumption expenditure?
- Bahamas ranks 133rd out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in Bahamas?
- Over the last ten years it is up 22.3%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.