GDP in Bahamas
Bahamas: GDP was 14.11 billion constant LCU in 2024. ▲ Rising
Latest (2024)
14.11 billion constant LCU
Change on year
up 3.4%
World rank
172nd
of 215 countries
All-time high
14.11 billion constant LCU
in 2024
All-time low
2.26 billion constant LCU
in 1960
Years of data
65
1960–2024
GDP in Bahamas, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, gdp in Bahamas stood at 14.11 billion constant LCU. That is the highest value across all 65 years on record.
That represents a change of up 3.4% on the previous year and up 16.3% over ten years.
Over the whole period, gdp in Bahamas peaked at 14.11 billion constant LCU in 2024 and was at its lowest, 2.26 billion constant LCU, in 1960.
Bahamas ranks 172nd of 215 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 65 years of available data.
GDP in Bahamas, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 2.26 billion constant LCU | — |
| 1961 | 2.50 billion constant LCU | +10.7% |
| 1962 | 2.76 billion constant LCU | +10.5% |
| 1963 | 3.05 billion constant LCU | +10.5% |
| 1964 | 3.38 billion constant LCU | +10.5% |
| 1965 | 3.73 billion constant LCU | +10.4% |
| 1966 | 4.07 billion constant LCU | +9.1% |
| 1967 | 4.46 billion constant LCU | +9.6% |
| 1968 | 4.83 billion constant LCU | +8.4% |
| 1969 | 5.26 billion constant LCU | +9.0% |
| 1970 | 4.97 billion constant LCU | -5.6% |
| 1971 | 5.05 billion constant LCU | +1.6% |
| 1972 | 4.87 billion constant LCU | -3.5% |
| 1973 | 5.24 billion constant LCU | +7.6% |
| 1974 | 4.36 billion constant LCU | -16.8% |
| 1975 | 3.72 billion constant LCU | -14.8% |
| 1976 | 3.91 billion constant LCU | +5.2% |
| 1977 | 4.27 billion constant LCU | +9.2% |
| 1978 | 4.87 billion constant LCU | +14.2% |
| 1979 | 6.15 billion constant LCU | +26.1% |
| 1980 | 6.54 billion constant LCU | +6.5% |
| 1981 | 5.94 billion constant LCU | -9.2% |
| 1982 | 6.34 billion constant LCU | +6.7% |
| 1983 | 6.57 billion constant LCU | +3.6% |
| 1984 | 7.50 billion constant LCU | +14.2% |
| 1985 | 7.86 billion constant LCU | +4.8% |
| 1986 | 8.00 billion constant LCU | +1.8% |
| 1987 | 8.24 billion constant LCU | +3.0% |
| 1988 | 8.43 billion constant LCU | +2.3% |
| 1989 | 9.00 billion constant LCU | +6.7% |
| 1990 | 8.85 billion constant LCU | -1.6% |
| 1991 | 8.48 billion constant LCU | -4.2% |
| 1992 | 8.16 billion constant LCU | -3.8% |
| 1993 | 8.18 billion constant LCU | +0.3% |
| 1994 | 8.44 billion constant LCU | +3.1% |
| 1995 | 8.81 billion constant LCU | +4.4% |
| 1996 | 9.18 billion constant LCU | +4.2% |
| 1997 | 9.30 billion constant LCU | +1.3% |
| 1998 | 9.74 billion constant LCU | +4.7% |
| 1999 | 10.44 billion constant LCU | +7.1% |
| 2000 | 10.87 billion constant LCU | +4.1% |
| 2001 | 11.15 billion constant LCU | +2.6% |
| 2002 | 11.46 billion constant LCU | +2.7% |
| 2003 | 11.31 billion constant LCU | -1.3% |
| 2004 | 11.41 billion constant LCU | +0.9% |
| 2005 | 11.80 billion constant LCU | +3.4% |
| 2006 | 12.09 billion constant LCU | +2.5% |
| 2007 | 12.27 billion constant LCU | +1.4% |
| 2008 | 11.98 billion constant LCU | -2.3% |
| 2009 | 11.48 billion constant LCU | -4.2% |
| 2010 | 11.66 billion constant LCU | +1.5% |
| 2011 | 11.73 billion constant LCU | +0.6% |
| 2012 | 12.26 billion constant LCU | +4.5% |
| 2013 | 11.91 billion constant LCU | -2.9% |
| 2014 | 12.13 billion constant LCU | +1.8% |
| 2015 | 12.25 billion constant LCU | +1.0% |
| 2016 | 12.11 billion constant LCU | -1.2% |
| 2017 | 12.52 billion constant LCU | +3.4% |
| 2018 | 12.82 billion constant LCU | +2.4% |
| 2019 | 12.71 billion constant LCU | -0.8% |
| 2020 | 10.16 billion constant LCU | -20.1% |
| 2021 | 11.94 billion constant LCU | +17.6% |
| 2022 | 13.24 billion constant LCU | +10.9% |
| 2023 | 13.65 billion constant LCU | +3.0% |
| 2024 | 14.11 billion constant LCU | +3.4% |
Bahamas compared with similar countries
- Bahamas's 14.11 billion constant LCU is below the median for high income countries, which is 153.70 billion constant LCU, 9% of the median. (83 countries reporting)
- Bahamas's 14.11 billion constant LCU is below the median for Latin America & Caribbean, which is 84.75 billion constant LCU, 17% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.63 billion constant LCU | 2.26 billion constant LCU | 5.26 billion constant LCU | 10 |
| 1970s | 4.74 billion constant LCU | 3.72 billion constant LCU | 6.15 billion constant LCU | 10 |
| 1980s | 7.44 billion constant LCU | 5.94 billion constant LCU | 9.00 billion constant LCU | 10 |
| 1990s | 8.96 billion constant LCU | 8.16 billion constant LCU | 10.44 billion constant LCU | 10 |
| 2000s | 11.58 billion constant LCU | 10.87 billion constant LCU | 12.27 billion constant LCU | 10 |
| 2010s | 12.21 billion constant LCU | 11.66 billion constant LCU | 12.82 billion constant LCU | 10 |
| 2020s | 12.62 billion constant LCU | 10.16 billion constant LCU | 14.11 billion constant LCU | 5 |
Countries ranked near Bahamas
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 gdp in Bahamas?
- Gdp in Bahamas was 14.11 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Bahamas?
- The highest recorded value was 14.11 billion constant LCU in 2024.
- What is the lowest gdp recorded in Bahamas?
- The lowest recorded value was 2.26 billion constant LCU in 1960.
- How does Bahamas rank for gdp?
- Bahamas ranks 172nd out of 215 countries with data for 2024.
- Is gdp rising or falling in Bahamas?
- Over the last ten years it is up 16.3%. 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 GDP (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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.