General government final consumption expenditure in Bahamas
Bahamas: General government final consumption expenditure was 2.13 billion constant LCU in 2024. ▲ Rising
General government final consumption expenditure in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, general government final consumption expenditure in Bahamas stood at 2.13 billion constant LCU.
That represents a change of up 0.9% on the previous year and up 79.5% over ten years.
Over the whole period, general government final consumption expenditure in Bahamas peaked at 2.16 billion constant LCU in 2020 and was at its lowest, 812.83 million constant LCU, in 1993.
That places Bahamas 158th out of 175 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.
General government final consumption expenditure in Bahamas, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1989 | 854.18 million constant LCU | — |
| 1990 | 834.08 million constant LCU | -2.4% |
| 1991 | 879.75 million constant LCU | +5.5% |
| 1992 | 834.17 million constant LCU | -5.2% |
| 1993 | 812.83 million constant LCU | -2.6% |
| 1994 | 924.74 million constant LCU | +13.8% |
| 1995 | 868.71 million constant LCU | -6.1% |
| 1996 | 925.52 million constant LCU | +6.5% |
| 1997 | 1.52 billion constant LCU | +64.2% |
| 1998 | 1.50 billion constant LCU | -1.3% |
| 1999 | 1.50 billion constant LCU | -0.0% |
| 2000 | 1.55 billion constant LCU | +3.6% |
| 2001 | 1.60 billion constant LCU | +2.8% |
| 2002 | 1.58 billion constant LCU | -1.3% |
| 2003 | 1.41 billion constant LCU | -10.3% |
| 2004 | 1.37 billion constant LCU | -3.2% |
| 2005 | 1.41 billion constant LCU | +3.1% |
| 2006 | 1.44 billion constant LCU | +1.8% |
| 2007 | 1.43 billion constant LCU | -0.2% |
| 2008 | 1.54 billion constant LCU | +7.2% |
| 2009 | 1.60 billion constant LCU | +3.9% |
| 2010 | 1.59 billion constant LCU | -0.3% |
| 2011 | 1.71 billion constant LCU | +7.2% |
| 2012 | 1.32 billion constant LCU | -22.6% |
| 2013 | 1.25 billion constant LCU | -5.2% |
| 2014 | 1.18 billion constant LCU | -5.3% |
| 2015 | 1.31 billion constant LCU | +10.5% |
| 2016 | 1.25 billion constant LCU | -4.5% |
| 2017 | 1.46 billion constant LCU | +16.7% |
| 2018 | 1.45 billion constant LCU | -1.0% |
| 2019 | 1.67 billion constant LCU | +15.6% |
| 2020 | 2.16 billion constant LCU | +29.6% |
| 2021 | 2.08 billion constant LCU | -4.1% |
| 2022 | 1.97 billion constant LCU | -5.3% |
| 2023 | 2.11 billion constant LCU | +7.2% |
| 2024 | 2.13 billion constant LCU | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 854.18 million constant LCU | 854.18 million constant LCU | 854.18 million constant LCU | 1 |
| 1990s | 1.06 billion constant LCU | 812.83 million constant LCU | 1.52 billion constant LCU | 10 |
| 2000s | 1.49 billion constant LCU | 1.37 billion constant LCU | 1.60 billion constant LCU | 10 |
| 2010s | 1.42 billion constant LCU | 1.18 billion constant LCU | 1.71 billion constant LCU | 10 |
| 2020s | 2.09 billion constant LCU | 1.97 billion constant LCU | 2.16 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)
- 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 general government final consumption expenditure in Bahamas?
- General government final consumption expenditure in Bahamas was 2.13 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Bahamas?
- The highest recorded value was 2.16 billion constant LCU in 2020.
- What is the lowest general government final consumption expenditure recorded in Bahamas?
- The lowest recorded value was 812.83 million constant LCU in 1993.
- How does Bahamas rank for general government final consumption expenditure?
- Bahamas ranks 158th out of 175 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Bahamas?
- Over the last ten years it is up 79.5%. 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 General government final consumption expenditure (constant LCU). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.