Gross value added at basic prices (GVA) (current LCU), annual growth in Bahamas
Bahamas: Gross value added at basic prices (GVA) (current LCU), annual growth 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 (GVA) (current LCU), annual growth 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% |
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)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8733 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 34,455 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.32 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7434 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 29,331 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.32 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.771 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 30,419 constant LCU per person (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.