Gross domestic product (GDP), annual growth rate in Bahamas
Bahamas: Gross domestic product (GDP), annual growth rate was 3.38 % change on previous year in 2024. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Bahamas, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product (gdp), annual growth rate in Bahamas stood at 3.38 % change on previous year.
The figure is up 10.8% on the previous year and up 82.9% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Bahamas peaked at 17.59 % change on previous year in 2021 and was at its lowest, -20.09 % change on previous year, in 2020.
That places Bahamas 99th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Bahamas, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -4.18 % change on previous year | — |
| 1992 | -3.83 % change on previous year | -8.5% |
| 1993 | 0.3077 % change on previous year | -108.0% |
| 1994 | 3.15 % change on previous year | +923.3% |
| 1995 | 4.38 % change on previous year | +39.1% |
| 1996 | 4.22 % change on previous year | -3.5% |
| 1997 | 1.29 % change on previous year | -69.5% |
| 1998 | 4.72 % change on previous year | +266.3% |
| 1999 | 7.14 % change on previous year | +51.5% |
| 2000 | 4.15 % change on previous year | -41.9% |
| 2001 | 2.63 % change on previous year | -36.7% |
| 2002 | 2.7 % change on previous year | +3.0% |
| 2003 | -1.27 % change on previous year | -146.8% |
| 2004 | 0.8825 % change on previous year | -169.8% |
| 2005 | 3.4 % change on previous year | +284.8% |
| 2006 | 2.52 % change on previous year | -25.9% |
| 2007 | 1.45 % change on previous year | -42.5% |
| 2008 | -2.32 % change on previous year | -260.7% |
| 2009 | -4.18 % change on previous year | +79.7% |
| 2010 | 1.54 % change on previous year | -136.8% |
| 2011 | 0.6131 % change on previous year | -60.1% |
| 2012 | 4.52 % change on previous year | +637.3% |
| 2013 | -2.86 % change on previous year | -163.3% |
| 2014 | 1.85 % change on previous year | -164.5% |
| 2015 | 0.9971 % change on previous year | -46.0% |
| 2016 | -1.16 % change on previous year | -216.0% |
| 2017 | 3.37 % change on previous year | -391.5% |
| 2018 | 2.4 % change on previous year | -28.9% |
| 2019 | -0.8384 % change on previous year | -135.0% |
| 2020 | -20.09 % change on previous year | +2296.1% |
| 2021 | 17.59 % change on previous year | -187.5% |
| 2022 | 10.88 % change on previous year | -38.1% |
| 2023 | 3.05 % change on previous year | -72.0% |
| 2024 | 3.38 % change on previous year | +10.8% |
Bahamas compared with similar countries
- Bahamas's 3.38 % change on previous year is above the median for high income countries, which is 2.15 % change on previous year, 1.6× the median. (74 countries reporting)
- Bahamas's 3.38 % change on previous year is below the median for Latin America & Caribbean, which is 3.39 % change on previous year, 100% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Bahamas changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -2296.1% | -0.8384 % change on previous year | -20.09 % change on previous year |
| 1994 | +923.3% | 0.3077 % change on previous year | 3.15 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.91 % change on previous year | -4.18 % change on previous year | 7.14 % change on previous year | 9 |
| 2000s | 0.9957 % change on previous year | -4.18 % change on previous year | 4.15 % change on previous year | 10 |
| 2010s | 1.04 % change on previous year | -2.86 % change on previous year | 4.52 % change on previous year | 10 |
| 2020s | 2.96 % change on previous year | -20.09 % change on previous year | 17.59 % change on previous year | 5 |
Countries ranked near Bahamas
- 96 Croatia 3.4 % change on previous year compare
- 97 Sint Maarten (Dutch part) 3.4 % change on previous year compare
- 98 Saint Vincent and the Grenadines 3.39 % change on previous year compare
- 100 Cameroon 3.2 % change on previous year compare
- 101 Fiji 3.2 % change on previous year compare
- 102 Mauritius 3.15 % change on previous year 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 gross domestic product (gdp), annual growth rate in Bahamas?
- Gross domestic product (gdp), annual growth rate in Bahamas was 3.38 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Bahamas?
- The highest recorded value was 17.59 % change on previous year in 2021.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Bahamas?
- The lowest recorded value was -20.09 % change on previous year in 2020.
- How does Bahamas rank for gross domestic product (gdp), annual growth rate?
- Bahamas ranks 99th out of 198 countries with data for 2024.
- Is gross domestic product (gdp), annual growth rate 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 Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.