Industry (including construction), value added in Bahamas
Bahamas: Industry (including construction), value added was 12.5% in 2024. ◆ Volatile
Industry (including construction), value added in Bahamas, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, industry (including construction), value added in Bahamas stood at 12.5%.
The figure is up 42.5% on the previous year and up 20.7% over ten years.
Over the whole period, industry (including construction), value added in Bahamas peaked at 33.4% in 1997 and was at its lowest, -25.0%, in 2020.
Bahamas ranks 13th of 197 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Bahamas, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1990 | -4.8% | — |
| 1991 | -2.8% | -42.6% |
| 1992 | 1.4% | -148.8% |
| 1993 | -10.7% | -890.7% |
| 1994 | 12.1% | -212.6% |
| 1995 | -0.6% | -105.3% |
| 1996 | 3.1% | -580.6% |
| 1997 | 33.4% | +994.9% |
| 1998 | 11.4% | -66.0% |
| 1999 | -5.5% | -148.3% |
| 2000 | 8.3% | -250.4% |
| 2001 | -14.1% | -270.9% |
| 2002 | 5.8% | -140.9% |
| 2003 | 15.2% | +163.4% |
| 2004 | -4.3% | -128.1% |
| 2005 | 12.3% | -388.4% |
| 2006 | 14.5% | +17.6% |
| 2007 | -22.8% | -257.4% |
| 2008 | 13.4% | -158.7% |
| 2009 | -7.5% | -156.2% |
| 2010 | 15.0% | -299.7% |
| 2011 | 4.8% | -67.9% |
| 2012 | 9.6% | +98.4% |
| 2013 | -6.3% | -166.2% |
| 2014 | 10.3% | -262.9% |
| 2015 | -10.7% | -203.4% |
| 2016 | 18.4% | -271.8% |
| 2017 | -8.0% | -143.7% |
| 2018 | -8.0% | -0.5% |
| 2019 | 1.9% | -123.3% |
| 2020 | -25.0% | -1443.2% |
| 2021 | 5.8% | -123.1% |
| 2022 | -4.3% | -174.1% |
| 2023 | 8.8% | -304.0% |
| 2024 | 12.5% | +42.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.7% | -10.7% | 33.4% | 10 |
| 2000s | 2.1% | -22.8% | 15.2% | 10 |
| 2010s | 2.7% | -10.7% | 18.4% | 10 |
| 2020s | -0.5% | -25.0% | 12.5% | 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)
- GDP (current US$), annual growth rate 3.68 % change on previous year (2024)
- GDP (current US$), per capita 39,455 current US$ per person (2024)
- GDP (current LCU), annual growth rate 3.68 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 39,455 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 3.38 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8609 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 33,968 constant 2015 US$ per person (2024)
Frequently asked questions
- What is industry (including construction), value added in Bahamas?
- Industry (including construction), value added in Bahamas was 12.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Bahamas?
- The highest recorded value was 33.4% in 1997.
- What is the lowest industry (including construction), value added recorded in Bahamas?
- The lowest recorded value was -25.0% in 2020.
- How does Bahamas rank for industry (including construction), value added?
- Bahamas ranks 13th out of 197 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bahamas?
- Over the last ten years it is up 20.7%. 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 Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.