General government final consumption expenditure in Bahamas
Bahamas: General government final consumption expenditure was 2.04 billion current LCU in 2024. ◆ Volatile
General government final consumption expenditure in Bahamas, 1977–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, general government final consumption expenditure in Bahamas stood at 2.04 billion current LCU.
That represents a change of up 2.1% on the previous year and up 64.8% over ten years.
Over the whole period, general government final consumption expenditure in Bahamas peaked at 2.26 billion current LCU in 2020 and was at its lowest, 109.30 million current LCU, in 1977.
Bahamas ranks 169th of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1977 | 109.30 million current LCU | — |
| 1978 | 128.40 million current LCU | +17.5% |
| 1979 | 143.80 million current LCU | +12.0% |
| 1980 | 167.00 million current LCU | +16.1% |
| 1981 | 197.30 million current LCU | +18.1% |
| 1982 | 208.90 million current LCU | +5.9% |
| 1983 | 238.00 million current LCU | +13.9% |
| 1984 | 264.00 million current LCU | +10.9% |
| 1985 | 289.10 million current LCU | +9.5% |
| 1986 | 300.10 million current LCU | +3.8% |
| 1987 | 326.40 million current LCU | +8.8% |
| 1989 | 415.27 million current LCU | +27.2% |
| 1990 | 407.12 million current LCU | -2.0% |
| 1991 | 440.58 million current LCU | +8.2% |
| 1992 | 427.27 million current LCU | -3.0% |
| 1993 | 397.99 million current LCU | -6.9% |
| 1994 | 482.68 million current LCU | +21.3% |
| 1995 | 476.20 million current LCU | -1.3% |
| 1996 | 516.87 million current LCU | +8.5% |
| 1997 | 635.50 million current LCU | +23.0% |
| 1998 | 650.80 million current LCU | +2.4% |
| 1999 | 705.50 million current LCU | +8.4% |
| 2000 | 747.40 million current LCU | +5.9% |
| 2001 | 802.40 million current LCU | +7.4% |
| 2002 | 846.30 million current LCU | +5.5% |
| 2003 | 862.30 million current LCU | +1.9% |
| 2004 | 907.70 million current LCU | +5.3% |
| 2005 | 959.20 million current LCU | +5.7% |
| 2006 | 1.04 billion current LCU | +8.5% |
| 2007 | 1.07 billion current LCU | +3.0% |
| 2008 | 1.18 billion current LCU | +9.8% |
| 2009 | 1.26 billion current LCU | +7.4% |
| 2010 | 1.26 billion current LCU | -0.1% |
| 2011 | 1.39 billion current LCU | +9.6% |
| 2012 | 1.40 billion current LCU | +1.3% |
| 2013 | 1.23 billion current LCU | -12.4% |
| 2014 | 1.24 billion current LCU | +0.9% |
| 2015 | 1.35 billion current LCU | +8.5% |
| 2016 | 1.27 billion current LCU | -5.4% |
| 2017 | 1.46 billion current LCU | +14.5% |
| 2018 | 1.45 billion current LCU | -0.9% |
| 2019 | 1.68 billion current LCU | +16.3% |
| 2020 | 2.26 billion current LCU | +34.3% |
| 2021 | 2.09 billion current LCU | -7.5% |
| 2022 | 1.83 billion current LCU | -12.3% |
| 2023 | 2.00 billion current LCU | +9.4% |
| 2024 | 2.04 billion current LCU | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 127.17 million current LCU | 109.30 million current LCU | 143.80 million current LCU | 3 |
| 1980s | 267.34 million current LCU | 167.00 million current LCU | 415.27 million current LCU | 9 |
| 1990s | 514.05 million current LCU | 397.99 million current LCU | 705.50 million current LCU | 10 |
| 2000s | 968.08 million current LCU | 747.40 million current LCU | 1.26 billion current LCU | 10 |
| 2010s | 1.37 billion current LCU | 1.23 billion current LCU | 1.68 billion current LCU | 10 |
| 2020s | 2.04 billion current LCU | 1.83 billion current LCU | 2.26 billion current LCU | 5 |
Countries ranked near Bahamas
- 166 Bahrain 2.50 billion current LCU compare
- 167 Jordan 2.50 billion current LCU compare
- 168 Sao Tome and Principe 2.19 billion current LCU compare
- 170 Papua New Guinea 1.94 billion current LCU compare
- 171 United States Virgin Islands 1.61 billion current LCU compare
- 172 Suriname 1.60 billion current 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)
- Gross domestic savings (current US$), annual growth rate 0.5798 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.2279 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita 8,992 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate 0.5798 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.2279 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita 8,992 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 5.71 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9382 current US$ 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 2.04 billion current 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 2.26 billion current LCU in 2020.
- What is the lowest general government final consumption expenditure recorded in Bahamas?
- The lowest recorded value was 109.30 million current LCU in 1977.
- How does Bahamas rank for general government final consumption expenditure?
- Bahamas ranks 169th out of 186 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Bahamas?
- Over the last ten years it is up 64.8%. 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 General government final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.