Gross value added at basic prices (GVA) in Bahamas
Bahamas: Gross value added at basic prices (GVA) 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) 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% |
Bahamas compared with similar countries
- Bahamas's 12.21 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 5% of the median. (70 countries reporting)
- Bahamas's 12.21 billion constant LCU is below the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 11% of the median. (37 countries reporting)
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
- 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 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.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.