Gross domestic savings (% of GDP) in Bahamas
Bahamas: Gross domestic savings (% of GDP) 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 (% of GDP) 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% |
Bahamas compared with similar countries
- Bahamas's 22.8% is below the median for high income countries, which is 25.7%, 89% of the median. (67 countries reporting)
- Bahamas's 22.8% is above the median for Latin America & Caribbean, which is 16.3%, 1.4× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 |
|---|---|---|---|
| 1997 | +90.8% | 16.0% | 30.6% |
| 2022 | +54.6% | 16.0% | 24.7% |
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
- Real gdp growth, annual growth rate 10.82 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.9 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ of GDP (2024)
- SDRs holdings, US dollar, per capita 408.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.1038 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0076 units per US$ of GDP (2024)
- SDRs holdings, SDR, per capita 298.62 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.93 % change on previous year (2025)
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.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.