Gross value added at basic prices … current LCU annual growth rate in Bahamas
Bahamas: Gross value added at basic prices … current LCU annual growth rate was 1.97 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Bahamas, 1980–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current lcu), annual growth in Bahamas stood at 1.97 % change on previous year.
The figure is down 75.8% on the previous year and down 65.9% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Bahamas peaked at 88.99 % change on previous year in 1997 and was at its lowest, -20.65 % change on previous year, in 2020.
Bahamas ranks 183rd of 205 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices … current LCU annual growth rate in Bahamas, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1980 | 17.24 % change on previous year | — |
| 1981 | 7.17 % change on previous year | -58.4% |
| 1982 | 11.57 % change on previous year | +61.4% |
| 1983 | 9.32 % change on previous year | -19.4% |
| 1984 | 15.01 % change on previous year | +61.1% |
| 1985 | 12.9 % change on previous year | -14.1% |
| 1986 | 6.55 % change on previous year | -49.2% |
| 1987 | 10.65 % change on previous year | +62.6% |
| 1990 | 4.25 % change on previous year | -60.1% |
| 1991 | -3.08 % change on previous year | -172.5% |
| 1992 | -0.8805 % change on previous year | -71.4% |
| 1993 | 1.85 % change on previous year | -309.6% |
| 1994 | 2.97 % change on previous year | +60.6% |
| 1995 | 5.23 % change on previous year | +76.5% |
| 1996 | 5.11 % change on previous year | -2.4% |
| 1997 | 88.99 % change on previous year | +1643.1% |
| 1998 | 7.74 % change on previous year | -91.3% |
| 1999 | 14.94 % change on previous year | +93.1% |
| 2000 | 3.05 % change on previous year | -79.6% |
| 2001 | 5.16 % change on previous year | +69.1% |
| 2002 | 6.76 % change on previous year | +31.1% |
| 2003 | 0.5309 % change on previous year | -92.1% |
| 2004 | 2.22 % change on previous year | +317.4% |
| 2005 | 8.9 % change on previous year | +301.6% |
| 2006 | 0.9327 % change on previous year | -89.5% |
| 2007 | 5.09 % change on previous year | +446.1% |
| 2008 | -0.6531 % change on previous year | -112.8% |
| 2009 | -4.47 % change on previous year | +585.1% |
| 2010 | 1.6 % change on previous year | -135.7% |
| 2011 | -1.03 % change on previous year | -164.6% |
| 2012 | 4.22 % change on previous year | -508.3% |
| 2013 | -0.2899 % change on previous year | -106.9% |
| 2014 | 5.77 % change on previous year | -2091.6% |
| 2015 | 2.12 % change on previous year | -63.3% |
| 2016 | 2.34 % change on previous year | +10.4% |
| 2017 | 2.57 % change on previous year | +10.0% |
| 2018 | 2.32 % change on previous year | -9.8% |
| 2019 | 3.35 % change on previous year | +44.6% |
| 2020 | -20.65 % change on previous year | -715.5% |
| 2021 | 16.31 % change on previous year | -179.0% |
| 2022 | 16.41 % change on previous year | +0.6% |
| 2023 | 8.14 % change on previous year | -50.4% |
| 2024 | 1.97 % change on previous year | -75.8% |
Bahamas compared with similar countries
- Bahamas's 1.97 % change on previous year is below the median for high income countries, which is 5.13 % change on previous year, 38% of the median. (77 countries reporting)
- Bahamas's 1.97 % change on previous year is below the median for Latin America & Caribbean, which is 6.54 % change on previous year, 30% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices … current LCU annual growth rate 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 |
|---|---|---|---|
| 2014 | +2091.6% | -0.2899 % change on previous year | 5.77 % change on previous year |
| 1997 | +1643.1% | 5.11 % change on previous year | 88.99 % change on previous year |
| 2020 | -715.5% | 3.35 % change on previous year | -20.65 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.3 % change on previous year | 6.55 % change on previous year | 17.24 % change on previous year | 8 |
| 1990s | 12.71 % change on previous year | -3.08 % change on previous year | 88.99 % change on previous year | 10 |
| 2000s | 2.75 % change on previous year | -4.47 % change on previous year | 8.9 % change on previous year | 10 |
| 2010s | 2.3 % change on previous year | -1.03 % change on previous year | 5.77 % change on previous year | 10 |
| 2020s | 4.44 % change on previous year | -20.65 % change on previous year | 16.41 % change on previous year | 5 |
Countries ranked near Bahamas
- 180 Oman 2.38 % change on previous year compare
- 181 Italy 2.33 % change on previous year compare
- 182 Azerbaijan 2.26 % change on previous year compare
- 184 Saudi Arabia 1.76 % change on previous year compare
- 185 Faroe Islands 1.67 % change on previous year compare
- 186 France 1.58 % change on previous year 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0172 units per US$ of GDP (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Bahamas?
- Gross value added at basic prices (gva) (current lcu), annual growth in Bahamas was 1.97 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Bahamas?
- The highest recorded value was 88.99 % change on previous year in 1997.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Bahamas?
- The lowest recorded value was -20.65 % change on previous year in 2020.
- How does Bahamas rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Bahamas ranks 183rd out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Bahamas?
- Over the last ten years it is down 65.9%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.