Gross domestic savings in Bahamas
Bahamas: Gross domestic savings was 22.8% in 2024. ▼ Falling
Gross domestic savings in Bahamas, 1977–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in Bahamas stood at 22.8%.
That represents a change of down 3.0% on the previous year and down 6.5% over ten years.
Over the whole period, gross domestic savings in Bahamas peaked at 33.7% in 2002 and was at its lowest, 15.1%, in 2020.
That places Bahamas 79th out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 47 years of available data.
Gross domestic savings in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 29.0% | — |
| 1978 | 26.5% | -8.7% |
| 1979 | 21.5% | -18.9% |
| 1980 | 25.8% | +20.0% |
| 1981 | 23.9% | -7.5% |
| 1982 | 27.7% | +16.1% |
| 1983 | 28.9% | +4.3% |
| 1984 | 21.6% | -25.1% |
| 1985 | 24.7% | +14.1% |
| 1986 | 24.3% | -1.4% |
| 1987 | 24.3% | -0.1% |
| 1989 | 23.9% | -1.7% |
| 1990 | 24.3% | +1.7% |
| 1991 | 19.9% | -18.1% |
| 1992 | 21.7% | +8.8% |
| 1993 | 20.4% | -5.6% |
| 1994 | 19.8% | -3.2% |
| 1995 | 18.0% | -8.8% |
| 1996 | 16.0% | -11.1% |
| 1997 | 30.6% | +90.8% |
| 1998 | 29.9% | -2.2% |
| 1999 | 32.8% | +9.6% |
| 2000 | 33.5% | +2.0% |
| 2001 | 29.8% | -10.9% |
| 2002 | 33.7% | +13.1% |
| 2003 | 32.4% | -4.0% |
| 2004 | 31.5% | -2.7% |
| 2005 | 30.8% | -2.1% |
| 2006 | 28.2% | -8.4% |
| 2007 | 29.5% | +4.5% |
| 2008 | 27.6% | -6.5% |
| 2009 | 26.7% | -3.0% |
| 2010 | 25.8% | -3.5% |
| 2011 | 23.3% | -9.8% |
| 2012 | 23.3% | +0.3% |
| 2013 | 23.8% | +1.9% |
| 2014 | 24.4% | +2.4% |
| 2015 | 25.0% | +2.4% |
| 2016 | 24.9% | -0.4% |
| 2017 | 21.8% | -12.5% |
| 2018 | 22.7% | +4.1% |
| 2019 | 27.0% | +19.0% |
| 2020 | 15.1% | -44.1% |
| 2021 | 16.0% | +5.9% |
| 2022 | 24.7% | +54.6% |
| 2023 | 23.5% | -4.9% |
| 2024 | 22.8% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.7% | 21.5% | 29.0% | 3 |
| 1980s | 25.0% | 21.6% | 28.9% | 9 |
| 1990s | 23.4% | 16.0% | 32.8% | 10 |
| 2000s | 30.4% | 26.7% | 33.7% | 10 |
| 2010s | 24.2% | 21.8% | 27.0% | 10 |
| 2020s | 20.4% | 15.1% | 24.7% | 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 gross domestic savings in Bahamas?
- Gross domestic savings in Bahamas was 22.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Bahamas?
- The highest recorded value was 33.7% in 2002.
- What is the lowest gross domestic savings recorded in Bahamas?
- The lowest recorded value was 15.1% in 2020.
- How does Bahamas rank for gross domestic savings?
- Bahamas ranks 79th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Bahamas?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is falling.
- 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 Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.