Imports of goods and services in Bahamas
Bahamas: Imports of goods and services was 12.7% in 2024. ◆ Volatile
Imports of goods and services in Bahamas, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, imports of goods and services in Bahamas stood at 12.7%.
That represents a change of down 16.6% on the previous year and up 64.2% over ten years.
Over the whole period, imports of goods and services in Bahamas peaked at 36.0% in 1997 and was at its lowest, -27.4%, in 2020.
Bahamas ranks 19th of 178 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Bahamas, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1990 | 0.4% | — |
| 1991 | -3.8% | -1030.5% |
| 1992 | -7.3% | +90.7% |
| 1993 | -0.8% | -88.7% |
| 1994 | 7.3% | -982.5% |
| 1995 | 3.0% | -58.1% |
| 1996 | 10.2% | +235.4% |
| 1997 | 36.0% | +252.6% |
| 1998 | 13.4% | -62.8% |
| 1999 | 3.0% | -77.8% |
| 2000 | 5.5% | +84.4% |
| 2001 | -3.8% | -168.9% |
| 2002 | -2.8% | -26.6% |
| 2003 | 0.3% | -112.3% |
| 2004 | 3.5% | +940.2% |
| 2005 | 14.3% | +303.3% |
| 2006 | 12.2% | -14.5% |
| 2007 | -3.7% | -130.2% |
| 2008 | -5.9% | +60.1% |
| 2009 | -12.2% | +107.0% |
| 2010 | -0.4% | -96.8% |
| 2011 | 7.5% | -2006.2% |
| 2012 | -6.2% | -183.0% |
| 2013 | -1.5% | -76.0% |
| 2014 | 7.7% | -619.6% |
| 2015 | -5.9% | -176.7% |
| 2016 | 7.4% | -225.0% |
| 2017 | 7.8% | +5.6% |
| 2018 | -2.2% | -127.9% |
| 2019 | -3.4% | +56.6% |
| 2020 | -27.4% | +700.3% |
| 2021 | 19.2% | -170.1% |
| 2022 | -0.9% | -104.9% |
| 2023 | 15.2% | -1712.0% |
| 2024 | 12.7% | -16.6% |
Bahamas compared with similar countries
- Bahamas's 12.7% is above the median for high income countries, which is 3.7%, 3.4× the median. (63 countries reporting)
- Bahamas's 12.7% is above the median for Latin America & Caribbean, which is 4.7%, 2.7× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services 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 |
|---|---|---|---|
| 2011 | +2006.2% | -0.4% | 7.5% |
| 2023 | +1712.0% | -0.9% | 15.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.1% | -7.3% | 36.0% | 10 |
| 2000s | 0.8% | -12.2% | 14.3% | 10 |
| 2010s | 1.1% | -6.2% | 7.8% | 10 |
| 2020s | 3.8% | -27.4% | 19.2% | 5 |
Countries ranked near Bahamas
- 16 Solomon Islands 14.2% compare
- 17 Peru 13.0% compare
- 18 Morocco 12.7% compare
- 20 United Arab Emirates 12.6% compare
- 21 Republic of Moldova 12.6% compare
- 22 Cambodia 12.5% 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)
- 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 imports of goods and services in Bahamas?
- Imports of goods and services in Bahamas was 12.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Bahamas?
- The highest recorded value was 36.0% in 1997.
- What is the lowest imports of goods and services recorded in Bahamas?
- The lowest recorded value was -27.4% in 2020.
- How does Bahamas rank for imports of goods and services?
- Bahamas ranks 19th out of 178 countries with data for 2024.
- Is imports of goods and services rising or falling in Bahamas?
- Over the last ten years it is up 64.2%. 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 Offices (NSOs), published as part of Imports of goods and services (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.