Industry (including construction), value added in Bahamas
Bahamas: Industry (including construction), value added was 1.49 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Bahamas stood at 1.49 billion constant LCU.
The figure is up 12.5% on the previous year and down 15.4% over ten years.
Over the whole period, industry (including construction), value added in Bahamas peaked at 1.86 billion constant LCU in 2016 and was at its lowest, 707.28 million constant LCU, in 1993.
Bahamas ranks 172nd of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Industry (including construction), value added in Bahamas, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1989 | 844.97 million constant LCU | — |
| 1990 | 804.01 million constant LCU | -4.8% |
| 1991 | 781.65 million constant LCU | -2.8% |
| 1992 | 792.25 million constant LCU | +1.4% |
| 1993 | 707.28 million constant LCU | -10.7% |
| 1994 | 792.74 million constant LCU | +12.1% |
| 1995 | 787.70 million constant LCU | -0.6% |
| 1996 | 811.74 million constant LCU | +3.1% |
| 1997 | 1.08 billion constant LCU | +33.4% |
| 1998 | 1.21 billion constant LCU | +11.4% |
| 1999 | 1.14 billion constant LCU | -5.5% |
| 2000 | 1.23 billion constant LCU | +8.3% |
| 2001 | 1.06 billion constant LCU | -14.1% |
| 2002 | 1.12 billion constant LCU | +5.8% |
| 2003 | 1.29 billion constant LCU | +15.2% |
| 2004 | 1.24 billion constant LCU | -4.3% |
| 2005 | 1.39 billion constant LCU | +12.3% |
| 2006 | 1.59 billion constant LCU | +14.5% |
| 2007 | 1.23 billion constant LCU | -22.8% |
| 2008 | 1.39 billion constant LCU | +13.4% |
| 2009 | 1.29 billion constant LCU | -7.5% |
| 2010 | 1.48 billion constant LCU | +15.0% |
| 2011 | 1.55 billion constant LCU | +4.8% |
| 2012 | 1.70 billion constant LCU | +9.6% |
| 2013 | 1.59 billion constant LCU | -6.3% |
| 2014 | 1.76 billion constant LCU | +10.3% |
| 2015 | 1.57 billion constant LCU | -10.7% |
| 2016 | 1.86 billion constant LCU | +18.4% |
| 2017 | 1.71 billion constant LCU | -8.0% |
| 2018 | 1.57 billion constant LCU | -8.0% |
| 2019 | 1.60 billion constant LCU | +1.9% |
| 2020 | 1.20 billion constant LCU | -25.0% |
| 2021 | 1.27 billion constant LCU | +5.8% |
| 2022 | 1.22 billion constant LCU | -4.3% |
| 2023 | 1.32 billion constant LCU | +8.8% |
| 2024 | 1.49 billion constant LCU | +12.5% |
Bahamas compared with similar countries
- Bahamas's 1.49 billion constant LCU is below the median for high income countries, which is 57.24 billion constant LCU, 3% of the median. (70 countries reporting)
- Bahamas's 1.49 billion constant LCU is below the median for Latin America & Caribbean, which is 29.90 billion constant LCU, 5% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 844.97 million constant LCU | 844.97 million constant LCU | 844.97 million constant LCU | 1 |
| 1990s | 890.62 million constant LCU | 707.28 million constant LCU | 1.21 billion constant LCU | 10 |
| 2000s | 1.28 billion constant LCU | 1.06 billion constant LCU | 1.59 billion constant LCU | 10 |
| 2010s | 1.64 billion constant LCU | 1.48 billion constant LCU | 1.86 billion constant LCU | 10 |
| 2020s | 1.30 billion constant LCU | 1.20 billion constant LCU | 1.49 billion constant LCU | 5 |
Countries ranked near Bahamas
- 170 Solomon Islands 1.83 billion constant LCU compare
- 171 Fiji 1.75 billion constant LCU compare
- 173 Eritrea 1.33 billion constant LCU compare
- 174 Antigua and Barbuda 997.17 million constant LCU compare
- 175 Liberia 851.00 million constant LCU 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 industry (including construction), value added in Bahamas?
- Industry (including construction), value added in Bahamas was 1.49 billion constant LCU 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 1.86 billion constant LCU in 2016.
- What is the lowest industry (including construction), value added recorded in Bahamas?
- The lowest recorded value was 707.28 million constant LCU in 1993.
- How does Bahamas rank for industry (including construction), value added?
- Bahamas ranks 172nd out of 200 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bahamas?
- Over the last ten years it is down 15.4%. The long-run trend across the full record is rising.
- 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 (constant LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.