Gross value added at basic prices (GVA) (current US$), annual growth in Bahamas
Bahamas: Gross value added at basic prices (GVA) (current US$), annual growth was 1.97 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Bahamas, 1980–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current us$), annual growth in Bahamas is 1.97 % change on previous year, measured in 2024.
Compared with earlier readings it 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 us$), annual growth in Bahamas peaked at 88.99 % change on previous year in 1997 and was at its lowest, -20.65 % change on previous year, in 2020.
That places Bahamas 180th out of 205 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), 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
- 177 Australia 2.3 % change on previous year compare
- 178 Azerbaijan 2.26 % change on previous year compare
- 179 Isle of Man 1.97 % change on previous year compare
- 181 Saudi Arabia 1.76 % change on previous year compare
- 182 Faroe Islands 1.6 % change on previous year compare
- 183 Saint Lucia 1.54 % 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 US$), per unit of GDP 0.8733 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 34,455 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.97 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Bahamas?
- Gross value added at basic prices (gva) (current us$), 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 us$), annual growth recorded in Bahamas?
- The highest recorded value was 88.99 % change on previous year in 1997.
- What is the lowest gross value added at basic prices (gva) (current us$), 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 us$), annual growth?
- Bahamas ranks 180th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current us$), 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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 Offices (NSOs)
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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.