Gross savings in Bahamas
Bahamas: Gross savings was 19.2% in 2024. ▲ Rising
Gross savings in Bahamas, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Bahamas recorded 19.2% for gross savings in 2024.
The figure is up 1.4% on the previous year and down 8.7% over ten years.
Over the whole period, gross savings in Bahamas peaked at 39.6% in 1996 and was at its lowest, 8.8%, in 2020.
That places Bahamas 106th out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Gross savings in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 15.8% | — |
| 1978 | 9.6% | -39.2% |
| 1979 | 9.6% | -0.2% |
| 1980 | 15.8% | +63.9% |
| 1981 | 13.2% | -16.4% |
| 1982 | 19.7% | +49.6% |
| 1983 | 21.5% | +8.8% |
| 1984 | 13.7% | -36.1% |
| 1985 | 17.0% | +24.1% |
| 1986 | 17.0% | -0.3% |
| 1987 | 17.5% | +3.1% |
| 1989 | 19.8% | +13.2% |
| 1990 | 19.0% | -3.9% |
| 1991 | 14.5% | -23.7% |
| 1992 | 19.4% | +33.5% |
| 1993 | 17.1% | -12.0% |
| 1994 | 16.4% | -3.8% |
| 1995 | 31.8% | +93.6% |
| 1996 | 39.6% | +24.5% |
| 1997 | 28.8% | -27.2% |
| 1998 | 27.6% | -4.4% |
| 1999 | 33.8% | +22.8% |
| 2000 | 32.7% | -3.4% |
| 2001 | 28.7% | -12.1% |
| 2002 | 32.1% | +11.8% |
| 2003 | 31.2% | -2.9% |
| 2004 | 32.7% | +4.8% |
| 2005 | 29.8% | -8.8% |
| 2006 | 26.6% | -10.9% |
| 2007 | 27.8% | +4.5% |
| 2008 | 26.6% | -4.3% |
| 2009 | 25.3% | -4.7% |
| 2010 | 23.4% | -7.5% |
| 2011 | 20.6% | -12.3% |
| 2012 | 20.8% | +1.3% |
| 2013 | 21.0% | +0.7% |
| 2014 | 21.1% | +0.3% |
| 2015 | 20.9% | -0.7% |
| 2016 | 22.8% | +9.2% |
| 2017 | 16.9% | -25.8% |
| 2018 | 15.6% | -7.9% |
| 2019 | 21.8% | +39.5% |
| 2020 | 8.8% | -59.8% |
| 2021 | 9.4% | +7.1% |
| 2022 | 19.8% | +110.8% |
| 2023 | 18.9% | -4.2% |
| 2024 | 19.2% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.7% | 9.6% | 15.8% | 3 |
| 1980s | 17.2% | 13.2% | 21.5% | 9 |
| 1990s | 24.8% | 14.5% | 39.6% | 10 |
| 2000s | 29.4% | 25.3% | 32.7% | 10 |
| 2010s | 20.5% | 15.6% | 23.4% | 10 |
| 2020s | 15.2% | 8.8% | 19.8% | 5 |
Countries ranked near Bahamas
- 103 Togo 19.5% compare
- 104 New Caledonia 19.3% compare
- 105 Guatemala 19.3% compare
- 107 Sierra Leone 19.2% compare
- 108 Guinea-Bissau 19.1% compare
- 109 Serbia 19.0% 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 capital formation (constant 2015 US$), annual growth rate 19.77 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2364 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 9,326 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 10.96 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.4146 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 16,358 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 10.96 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.4146 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross savings in Bahamas?
- Gross savings in Bahamas was 19.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Bahamas?
- The highest recorded value was 39.6% in 1996.
- What is the lowest gross savings recorded in Bahamas?
- The lowest recorded value was 8.8% in 2020.
- How does Bahamas rank for gross savings?
- Bahamas ranks 106th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Bahamas?
- Over the last ten years it is down 8.7%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.