Gross value added at basic prices (GVA) (constant LCU) in Bahamas
Bahamas: Gross value added at basic prices (GVA) (constant LCU) was 12.21 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Bahamas recorded 12.21 billion constant LCU for gross value added at basic prices (gva) in 2024. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 3.3% on the previous year and up 14.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in Bahamas peaked at 12.21 billion constant LCU in 2024 and was at its lowest, 8.16 billion constant LCU, in 1991.
Bahamas ranks 163rd of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Gross value added at basic prices (GVA) (constant LCU) in Bahamas, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1989 | 9.27 billion constant LCU | — |
| 1990 | 9.17 billion constant LCU | -1.1% |
| 1991 | 8.16 billion constant LCU | -11.1% |
| 1992 | 8.36 billion constant LCU | +2.5% |
| 1993 | 8.52 billion constant LCU | +1.9% |
| 1994 | 8.68 billion constant LCU | +1.8% |
| 1995 | 9.08 billion constant LCU | +4.7% |
| 1996 | 9.42 billion constant LCU | +3.8% |
| 1997 | 8.39 billion constant LCU | -11.0% |
| 1998 | 8.75 billion constant LCU | +4.3% |
| 1999 | 9.45 billion constant LCU | +8.1% |
| 2000 | 9.69 billion constant LCU | +2.5% |
| 2001 | 9.92 billion constant LCU | +2.5% |
| 2002 | 10.16 billion constant LCU | +2.4% |
| 2003 | 10.14 billion constant LCU | -0.3% |
| 2004 | 10.31 billion constant LCU | +1.7% |
| 2005 | 10.66 billion constant LCU | +3.4% |
| 2006 | 10.73 billion constant LCU | +0.6% |
| 2007 | 10.88 billion constant LCU | +1.4% |
| 2008 | 10.62 billion constant LCU | -2.4% |
| 2009 | 10.12 billion constant LCU | -4.8% |
| 2010 | 10.36 billion constant LCU | +2.4% |
| 2011 | 10.41 billion constant LCU | +0.5% |
| 2012 | 10.41 billion constant LCU | -0.0% |
| 2013 | 10.21 billion constant LCU | -1.9% |
| 2014 | 10.64 billion constant LCU | +4.2% |
| 2015 | 10.90 billion constant LCU | +2.5% |
| 2016 | 11.06 billion constant LCU | +1.4% |
| 2017 | 11.07 billion constant LCU | +0.1% |
| 2018 | 11.29 billion constant LCU | +2.0% |
| 2019 | 11.49 billion constant LCU | +1.8% |
| 2020 | 9.41 billion constant LCU | -18.1% |
| 2021 | 10.45 billion constant LCU | +11.0% |
| 2022 | 11.53 billion constant LCU | +10.4% |
| 2023 | 11.81 billion constant LCU | +2.4% |
| 2024 | 12.21 billion constant LCU | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.27 billion constant LCU | 9.27 billion constant LCU | 9.27 billion constant LCU | 1 |
| 1990s | 8.80 billion constant LCU | 8.16 billion constant LCU | 9.45 billion constant LCU | 10 |
| 2000s | 10.32 billion constant LCU | 9.69 billion constant LCU | 10.88 billion constant LCU | 10 |
| 2010s | 10.79 billion constant LCU | 10.21 billion constant LCU | 11.49 billion constant LCU | 10 |
| 2020s | 11.08 billion constant LCU | 9.41 billion constant LCU | 12.21 billion constant LCU | 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 value added at basic prices (gva) in Bahamas?
- Gross value added at basic prices (gva) in Bahamas was 12.21 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Bahamas?
- The highest recorded value was 12.21 billion constant LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Bahamas?
- The lowest recorded value was 8.16 billion constant LCU in 1991.
- How does Bahamas rank for gross value added at basic prices (gva)?
- Bahamas ranks 163rd out of 198 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Bahamas?
- Over the last ten years it is up 14.7%. 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 value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.