Final consumption expenditure in Bahamas
Bahamas: Final consumption expenditure was 10.80 billion constant LCU in 2024. ▲ Rising
Final consumption expenditure in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for final consumption expenditure in Bahamas is 10.80 billion constant LCU, measured in 2024. That is the highest value across all 36 years on record.
The figure is 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 10.80 billion constant LCU in 2024 and was at its lowest, 5.79 billion constant LCU, in 1993.
Bahamas ranks 159th of 177 countries on this measure, 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 LCU | Change |
|---|---|---|
| 1989 | 6.46 billion constant LCU | — |
| 1990 | 6.33 billion constant LCU | -2.1% |
| 1991 | 6.13 billion constant LCU | -3.0% |
| 1992 | 5.83 billion constant LCU | -5.0% |
| 1993 | 5.79 billion constant LCU | -0.6% |
| 1994 | 6.01 billion constant LCU | +3.8% |
| 1995 | 6.33 billion constant LCU | +5.3% |
| 1996 | 6.73 billion constant LCU | +6.5% |
| 1997 | 7.87 billion constant LCU | +16.9% |
| 1998 | 8.59 billion constant LCU | +9.1% |
| 1999 | 9.17 billion constant LCU | +6.7% |
| 2000 | 9.40 billion constant LCU | +2.5% |
| 2001 | 9.50 billion constant LCU | +1.1% |
| 2002 | 9.77 billion constant LCU | +2.8% |
| 2003 | 9.54 billion constant LCU | -2.3% |
| 2004 | 9.37 billion constant LCU | -1.8% |
| 2005 | 10.06 billion constant LCU | +7.4% |
| 2006 | 10.34 billion constant LCU | +2.8% |
| 2007 | 10.45 billion constant LCU | +1.0% |
| 2008 | 10.23 billion constant LCU | -2.1% |
| 2009 | 9.42 billion constant LCU | -7.9% |
| 2010 | 9.49 billion constant LCU | +0.8% |
| 2011 | 9.44 billion constant LCU | -0.6% |
| 2012 | 8.74 billion constant LCU | -7.4% |
| 2013 | 8.53 billion constant LCU | -2.4% |
| 2014 | 8.83 billion constant LCU | +3.6% |
| 2015 | 9.08 billion constant LCU | +2.9% |
| 2016 | 9.14 billion constant LCU | +0.7% |
| 2017 | 9.89 billion constant LCU | +8.1% |
| 2018 | 9.91 billion constant LCU | +0.3% |
| 2019 | 9.26 billion constant LCU | -6.6% |
| 2020 | 8.37 billion constant LCU | -9.6% |
| 2021 | 9.62 billion constant LCU | +14.9% |
| 2022 | 9.67 billion constant LCU | +0.6% |
| 2023 | 10.51 billion constant LCU | +8.7% |
| 2024 | 10.80 billion constant LCU | +2.8% |
Bahamas compared with similar countries
- Bahamas's 10.80 billion constant LCU is below the median for high income countries, which is 277.24 billion constant LCU, 4% of the median. (61 countries reporting)
- Bahamas's 10.80 billion constant LCU is below the median for Latin America & Caribbean, which is 386.10 billion constant LCU, 3% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.46 billion constant LCU | 6.46 billion constant LCU | 6.46 billion constant LCU | 1 |
| 1990s | 6.88 billion constant LCU | 5.79 billion constant LCU | 9.17 billion constant LCU | 10 |
| 2000s | 9.81 billion constant LCU | 9.37 billion constant LCU | 10.45 billion constant LCU | 10 |
| 2010s | 9.23 billion constant LCU | 8.53 billion constant LCU | 9.91 billion constant LCU | 10 |
| 2020s | 9.79 billion constant LCU | 8.37 billion constant LCU | 10.80 billion constant LCU | 5 |
Countries ranked near Bahamas
- 156 Palestine 12.86 billion constant LCU compare
- 157 Malta 12.60 billion constant LCU compare
- 158 Solomon Islands 12.25 billion constant LCU compare
- 160 Brunei 10.42 billion constant LCU compare
- 161 Bahrain 8.15 billion constant LCU compare
- 162 Kosovo 7.23 billion constant LCU compare
- 162 Kosovo (UNSCR 1244) 7.23 billion constant 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)
- 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 10.80 billion constant LCU 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 10.80 billion constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in Bahamas?
- The lowest recorded value was 5.79 billion constant LCU in 1993.
- How does Bahamas rank for final consumption expenditure?
- Bahamas ranks 159th out of 177 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 LCU). 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 varies by country. This series is expressed in local currency units.