Industry (including construction), value added (current LCU) in Bahamas
Bahamas: Industry (including construction), value added (current LCU) was 1.52 billion current LCU in 2024. ▲ Rising
Industry (including construction), value added in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Bahamas is 1.52 billion current LCU, measured in 2024.
The figure is up 2.1% on the previous year and up 3.8% over ten years.
Over the whole period, industry (including construction), value added in Bahamas peaked at 1.72 billion current LCU in 2019 and was at its lowest, 404.74 million current LCU, in 1993.
That places Bahamas 179th out of 209 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Industry (including construction), value added (current LCU) in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1989 | 470.51 million current LCU | — |
| 1990 | 449.71 million current LCU | -4.4% |
| 1991 | 488.43 million current LCU | +8.6% |
| 1992 | 479.32 million current LCU | -1.9% |
| 1993 | 404.74 million current LCU | -15.6% |
| 1994 | 475.26 million current LCU | +17.4% |
| 1995 | 472.00 million current LCU | -0.7% |
| 1996 | 506.62 million current LCU | +7.3% |
| 1997 | 804.80 million current LCU | +58.9% |
| 1998 | 866.30 million current LCU | +7.6% |
| 1999 | 891.80 million current LCU | +2.9% |
| 2000 | 981.20 million current LCU | +10.0% |
| 2001 | 793.20 million current LCU | -19.2% |
| 2002 | 942.90 million current LCU | +18.9% |
| 2003 | 964.20 million current LCU | +2.3% |
| 2004 | 936.60 million current LCU | -2.9% |
| 2005 | 1.06 billion current LCU | +13.5% |
| 2006 | 1.19 billion current LCU | +12.2% |
| 2007 | 983.20 million current LCU | -17.6% |
| 2008 | 1.09 billion current LCU | +11.2% |
| 2009 | 999.20 million current LCU | -8.6% |
| 2010 | 1.16 billion current LCU | +16.2% |
| 2011 | 1.21 billion current LCU | +4.5% |
| 2012 | 1.40 billion current LCU | +15.2% |
| 2013 | 1.36 billion current LCU | -3.0% |
| 2014 | 1.47 billion current LCU | +8.3% |
| 2015 | 1.32 billion current LCU | -10.1% |
| 2016 | 1.57 billion current LCU | +18.6% |
| 2017 | 1.61 billion current LCU | +2.7% |
| 2018 | 1.57 billion current LCU | -2.3% |
| 2019 | 1.72 billion current LCU | +9.7% |
| 2020 | 1.26 billion current LCU | -27.2% |
| 2021 | 1.43 billion current LCU | +13.6% |
| 2022 | 1.32 billion current LCU | -7.4% |
| 2023 | 1.49 billion current LCU | +13.0% |
| 2024 | 1.52 billion current LCU | +2.1% |
Bahamas compared with similar countries
- Bahamas's 1.52 billion current LCU is below the median for high income countries, which is 60.84 billion current LCU, 3% of the median. (77 countries reporting)
- Bahamas's 1.52 billion current LCU is below the median for Latin America & Caribbean, which is 59.94 billion current LCU, 3% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 470.51 million current LCU | 470.51 million current LCU | 470.51 million current LCU | 1 |
| 1990s | 583.90 million current LCU | 404.74 million current LCU | 891.80 million current LCU | 10 |
| 2000s | 995.03 million current LCU | 793.20 million current LCU | 1.19 billion current LCU | 10 |
| 2010s | 1.44 billion current LCU | 1.16 billion current LCU | 1.72 billion current LCU | 10 |
| 2020s | 1.40 billion current LCU | 1.26 billion current LCU | 1.52 billion current LCU | 5 |
Countries ranked near Bahamas
More economy & growth data for Bahamas
- Real gdp growth, annual growth rate 10.82 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.9 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ of GDP (2024)
- SDRs holdings, US dollar, per capita 408.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.1038 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0076 units per US$ of GDP (2024)
- SDRs holdings, SDR, per capita 298.62 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.93 % change on previous year (2025)
Frequently asked questions
- What is industry (including construction), value added in Bahamas?
- Industry (including construction), value added in Bahamas was 1.52 billion current 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 1.72 billion current LCU in 2019.
- What is the lowest industry (including construction), value added recorded in Bahamas?
- The lowest recorded value was 404.74 million current LCU in 1993.
- How does Bahamas rank for industry (including construction), value added?
- Bahamas ranks 179th out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Bahamas?
- Over the last ten years it is up 3.8%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.