GDP growth in Bahamas
Bahamas: GDP growth was 3.4% in 2024. ◆ Volatile
GDP growth in Bahamas, 1961–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Bahamas recorded 3.4% for gdp growth in 2024.
That represents a change of up 10.8% on the previous year and up 82.9% over ten years.
Over the whole period, gdp growth in Bahamas peaked at 26.1% in 1979 and was at its lowest, -20.1%, in 2020.
Bahamas ranks 105th of 213 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Bahamas, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 10.7% | — |
| 1962 | 10.5% | -2.0% |
| 1963 | 10.5% | +0.7% |
| 1964 | 10.5% | -0.2% |
| 1965 | 10.4% | -0.7% |
| 1966 | 9.1% | -13.0% |
| 1967 | 9.6% | +5.8% |
| 1968 | 8.4% | -12.3% |
| 1969 | 9.0% | +6.6% |
| 1970 | -5.6% | -162.9% |
| 1971 | 1.6% | -128.8% |
| 1972 | -3.5% | -315.0% |
| 1973 | 7.6% | -316.4% |
| 1974 | -16.8% | -321.4% |
| 1975 | -14.8% | -11.6% |
| 1976 | 5.2% | -135.0% |
| 1977 | 9.2% | +76.6% |
| 1978 | 14.2% | +54.9% |
| 1979 | 26.1% | +84.3% |
| 1980 | 6.5% | -75.2% |
| 1981 | -9.2% | -242.0% |
| 1982 | 6.7% | -172.6% |
| 1983 | 3.6% | -46.3% |
| 1984 | 14.2% | +294.0% |
| 1985 | 4.8% | -65.9% |
| 1986 | 1.8% | -62.8% |
| 1987 | 3.0% | +66.1% |
| 1988 | 2.3% | -22.6% |
| 1989 | 6.7% | +191.3% |
| 1990 | -1.6% | -123.7% |
| 1991 | -4.2% | +162.0% |
| 1992 | -3.8% | -8.5% |
| 1993 | 0.3% | -108.0% |
| 1994 | 3.1% | +923.0% |
| 1995 | 4.4% | +39.1% |
| 1996 | 4.2% | -3.5% |
| 1997 | 1.3% | -69.5% |
| 1998 | 4.7% | +266.3% |
| 1999 | 7.1% | +51.5% |
| 2000 | 4.1% | -41.9% |
| 2001 | 2.6% | -36.7% |
| 2002 | 2.7% | +3.0% |
| 2003 | -1.3% | -146.8% |
| 2004 | 0.9% | -169.8% |
| 2005 | 3.4% | +284.9% |
| 2006 | 2.5% | -25.9% |
| 2007 | 1.4% | -42.5% |
| 2008 | -2.3% | -260.7% |
| 2009 | -4.2% | +79.7% |
| 2010 | 1.5% | -136.9% |
| 2011 | 0.6% | -60.1% |
| 2012 | 4.5% | +637.2% |
| 2013 | -2.9% | -163.3% |
| 2014 | 1.8% | -164.5% |
| 2015 | 1.0% | -46.0% |
| 2016 | -1.2% | -216.0% |
| 2017 | 3.4% | -391.5% |
| 2018 | 2.4% | -28.9% |
| 2019 | -0.8% | -135.0% |
| 2020 | -20.1% | +2295.6% |
| 2021 | 17.6% | -187.5% |
| 2022 | 10.9% | -38.1% |
| 2023 | 3.0% | -72.0% |
| 2024 | 3.4% | +10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.8% | 8.4% | 10.7% | 9 |
| 1970s | 2.3% | -16.8% | 26.1% | 10 |
| 1980s | 4.0% | -9.2% | 14.2% | 10 |
| 1990s | 1.6% | -4.2% | 7.1% | 10 |
| 2000s | 1.0% | -4.2% | 4.1% | 10 |
| 2010s | 1.0% | -2.9% | 4.5% | 10 |
| 2020s | 3.0% | -20.1% | 17.6% | 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)
- GDP (current US$), annual growth rate 3.68 % change on previous year (2024)
- GDP (current US$), per capita 39,455 current US$ per person (2024)
- GDP (current LCU), annual growth rate 3.68 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 39,455 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 3.38 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8609 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 33,968 constant 2015 US$ per person (2024)
Frequently asked questions
- What is gdp growth in Bahamas?
- Gdp growth in Bahamas was 3.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Bahamas?
- The highest recorded value was 26.1% in 1979.
- What is the lowest gdp growth recorded in Bahamas?
- The lowest recorded value was -20.1% in 2020.
- How does Bahamas rank for gdp growth?
- Bahamas ranks 105th out of 213 countries with data for 2024.
- Is gdp growth rising or falling in Bahamas?
- Over the last ten years it is up 82.9%. 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 GDP growth (annual %). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.