Gross value added at basic prices (GVA) in Bahamas
Bahamas: Gross value added at basic prices (GVA) was 13.83 billion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Bahamas, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Bahamas stood at 13.83 billion current LCU. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 34.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Bahamas peaked at 13.83 billion current LCU in 2024 and was at its lowest, 1.01 billion current LCU, in 1979.
That places Bahamas 172nd out of 207 countries with data for 2024, putting it 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) in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1979 | 1.01 billion current LCU | — |
| 1980 | 1.19 billion current LCU | +17.2% |
| 1981 | 1.27 billion current LCU | +7.2% |
| 1982 | 1.42 billion current LCU | +11.6% |
| 1983 | 1.55 billion current LCU | +9.3% |
| 1984 | 1.79 billion current LCU | +15.0% |
| 1985 | 2.02 billion current LCU | +12.9% |
| 1986 | 2.15 billion current LCU | +6.5% |
| 1987 | 2.38 billion current LCU | +10.6% |
| 1989 | 2.63 billion current LCU | +10.5% |
| 1990 | 2.74 billion current LCU | +4.2% |
| 1991 | 2.66 billion current LCU | -3.1% |
| 1992 | 2.63 billion current LCU | -0.9% |
| 1993 | 2.68 billion current LCU | +1.8% |
| 1994 | 2.76 billion current LCU | +3.0% |
| 1995 | 2.91 billion current LCU | +5.2% |
| 1996 | 3.05 billion current LCU | +5.1% |
| 1997 | 5.77 billion current LCU | +89.0% |
| 1998 | 6.22 billion current LCU | +7.7% |
| 1999 | 7.15 billion current LCU | +14.9% |
| 2000 | 7.37 billion current LCU | +3.0% |
| 2001 | 7.74 billion current LCU | +5.2% |
| 2002 | 8.27 billion current LCU | +6.8% |
| 2003 | 8.31 billion current LCU | +0.5% |
| 2004 | 8.50 billion current LCU | +2.2% |
| 2005 | 9.25 billion current LCU | +8.9% |
| 2006 | 9.34 billion current LCU | +0.9% |
| 2007 | 9.81 billion current LCU | +5.1% |
| 2008 | 9.75 billion current LCU | -0.7% |
| 2009 | 9.31 billion current LCU | -4.5% |
| 2010 | 9.46 billion current LCU | +1.6% |
| 2011 | 9.37 billion current LCU | -1.0% |
| 2012 | 9.76 billion current LCU | +4.2% |
| 2013 | 9.73 billion current LCU | -0.3% |
| 2014 | 10.29 billion current LCU | +5.8% |
| 2015 | 10.51 billion current LCU | +2.1% |
| 2016 | 10.76 billion current LCU | +2.3% |
| 2017 | 11.03 billion current LCU | +2.6% |
| 2018 | 11.29 billion current LCU | +2.3% |
| 2019 | 11.67 billion current LCU | +3.4% |
| 2020 | 9.26 billion current LCU | -20.6% |
| 2021 | 10.77 billion current LCU | +16.3% |
| 2022 | 12.54 billion current LCU | +16.4% |
| 2023 | 13.56 billion current LCU | +8.1% |
| 2024 | 13.83 billion current LCU | +2.0% |
Bahamas compared with similar countries
- Bahamas's 13.83 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 5% of the median. (77 countries reporting)
- Bahamas's 13.83 billion current LCU is below the median for Latin America & Caribbean, which is 135.81 billion current LCU, 10% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) 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 |
|---|---|---|---|
| 1997 | +89.0% | 3.05 billion current LCU | 5.77 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.01 billion current LCU | 1.01 billion current LCU | 1.01 billion current LCU | 1 |
| 1980s | 1.82 billion current LCU | 1.19 billion current LCU | 2.63 billion current LCU | 9 |
| 1990s | 3.86 billion current LCU | 2.63 billion current LCU | 7.15 billion current LCU | 10 |
| 2000s | 8.77 billion current LCU | 7.37 billion current LCU | 9.81 billion current LCU | 10 |
| 2010s | 10.39 billion current LCU | 9.37 billion current LCU | 11.67 billion current LCU | 10 |
| 2020s | 11.99 billion current LCU | 9.26 billion current LCU | 13.83 billion current 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 13.83 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Bahamas?
- The highest recorded value was 13.83 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Bahamas?
- The lowest recorded value was 1.01 billion current LCU in 1979.
- How does Bahamas rank for gross value added at basic prices (gva)?
- Bahamas ranks 172nd out of 207 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 34.3%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.