Imports of goods and services in Bahamas
Bahamas: Imports of goods and services was 41.5% in 2024. ▼ Falling
Imports of goods and services in Bahamas, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, imports of goods and services in Bahamas stood at 41.5%.
The figure is up 7.0% on the previous year and down 4.0% over ten years.
Over the whole period, imports of goods and services in Bahamas peaked at 67.5% in 1978 and was at its lowest, 30.1%, in 2020.
Bahamas ranks 105th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 47 years of available data.
Imports of goods and services in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 66.1% | — |
| 1978 | 67.5% | +2.1% |
| 1979 | 60.2% | -10.8% |
| 1980 | 62.9% | +4.4% |
| 1981 | 62.4% | -0.8% |
| 1982 | 59.6% | -4.5% |
| 1983 | 58.0% | -2.6% |
| 1984 | 58.3% | +0.5% |
| 1985 | 59.3% | +1.7% |
| 1986 | 57.9% | -2.3% |
| 1987 | 55.8% | -3.6% |
| 1989 | 57.2% | +2.4% |
| 1990 | 56.0% | -2.1% |
| 1991 | 55.2% | -1.4% |
| 1992 | 51.2% | -7.2% |
| 1993 | 51.4% | +0.3% |
| 1994 | 53.4% | +3.9% |
| 1995 | 54.9% | +2.9% |
| 1996 | 57.8% | +5.3% |
| 1997 | 42.9% | -25.9% |
| 1998 | 43.1% | +0.5% |
| 1999 | 39.2% | -8.9% |
| 2000 | 41.6% | +6.0% |
| 2001 | 38.4% | -7.6% |
| 2002 | 34.1% | -11.3% |
| 2003 | 35.3% | +3.4% |
| 2004 | 37.8% | +7.2% |
| 2005 | 42.6% | +12.8% |
| 2006 | 49.2% | +15.5% |
| 2007 | 47.9% | -2.7% |
| 2008 | 47.9% | +0.0% |
| 2009 | 42.3% | -11.7% |
| 2010 | 43.7% | +3.3% |
| 2011 | 50.9% | +16.4% |
| 2012 | 46.1% | -9.4% |
| 2013 | 44.7% | -3.1% |
| 2014 | 43.2% | -3.4% |
| 2015 | 33.8% | -21.6% |
| 2016 | 34.4% | +1.5% |
| 2017 | 36.6% | +6.5% |
| 2018 | 36.9% | +0.8% |
| 2019 | 33.8% | -8.4% |
| 2020 | 30.1% | -10.8% |
| 2021 | 38.0% | +25.9% |
| 2022 | 38.8% | +2.3% |
| 2023 | 38.7% | -0.2% |
| 2024 | 41.5% | +7.0% |
Bahamas compared with similar countries
- Bahamas's 41.5% is below the median for high income countries, which is 51.2%, 81% of the median. (72 countries reporting)
- Bahamas's 41.5% is above the median for Latin America & Caribbean, which is 39.3%, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 64.6% | 60.2% | 67.5% | 3 |
| 1980s | 59.0% | 55.8% | 62.9% | 9 |
| 1990s | 50.5% | 39.2% | 57.8% | 10 |
| 2000s | 41.7% | 34.1% | 49.2% | 10 |
| 2010s | 40.4% | 33.8% | 50.9% | 10 |
| 2020s | 37.4% | 30.1% | 41.5% | 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 imports of goods and services in Bahamas?
- Imports of goods and services in Bahamas was 41.5% 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 67.5% in 1978.
- What is the lowest imports of goods and services recorded in Bahamas?
- The lowest recorded value was 30.1% in 2020.
- How does Bahamas rank for imports of goods and services?
- Bahamas ranks 105th out of 193 countries with data for 2024.
- Is imports of goods and services rising or falling in Bahamas?
- Over the last ten years it is down 4.0%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.