Industry (including construction), value added in Bahamas
Bahamas: Industry (including construction), value added was 1.52 billion current US$ in 2024. ▲ Rising
Industry (including construction), value added in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Bahamas recorded 1.52 billion current US$ for industry (including construction), value added in 2024.
That represents a change of 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 US$ in 2019 and was at its lowest, 404.74 million current US$, in 1993.
Bahamas ranks 158th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Industry (including construction), value added in Bahamas, year by year
| Year | current US$ | Change |
|---|---|---|
| 1989 | 470.51 million current US$ | — |
| 1990 | 449.71 million current US$ | -4.4% |
| 1991 | 488.43 million current US$ | +8.6% |
| 1992 | 479.32 million current US$ | -1.9% |
| 1993 | 404.74 million current US$ | -15.6% |
| 1994 | 475.26 million current US$ | +17.4% |
| 1995 | 472.00 million current US$ | -0.7% |
| 1996 | 506.62 million current US$ | +7.3% |
| 1997 | 804.80 million current US$ | +58.9% |
| 1998 | 866.30 million current US$ | +7.6% |
| 1999 | 891.80 million current US$ | +2.9% |
| 2000 | 981.20 million current US$ | +10.0% |
| 2001 | 793.20 million current US$ | -19.2% |
| 2002 | 942.90 million current US$ | +18.9% |
| 2003 | 964.20 million current US$ | +2.3% |
| 2004 | 936.60 million current US$ | -2.9% |
| 2005 | 1.06 billion current US$ | +13.5% |
| 2006 | 1.19 billion current US$ | +12.2% |
| 2007 | 983.20 million current US$ | -17.6% |
| 2008 | 1.09 billion current US$ | +11.2% |
| 2009 | 999.20 million current US$ | -8.6% |
| 2010 | 1.16 billion current US$ | +16.2% |
| 2011 | 1.21 billion current US$ | +4.5% |
| 2012 | 1.40 billion current US$ | +15.2% |
| 2013 | 1.36 billion current US$ | -3.0% |
| 2014 | 1.47 billion current US$ | +8.3% |
| 2015 | 1.32 billion current US$ | -10.1% |
| 2016 | 1.57 billion current US$ | +18.6% |
| 2017 | 1.61 billion current US$ | +2.7% |
| 2018 | 1.57 billion current US$ | -2.3% |
| 2019 | 1.72 billion current US$ | +9.7% |
| 2020 | 1.26 billion current US$ | -27.2% |
| 2021 | 1.43 billion current US$ | +13.6% |
| 2022 | 1.32 billion current US$ | -7.4% |
| 2023 | 1.49 billion current US$ | +13.0% |
| 2024 | 1.52 billion current US$ | +2.1% |
Bahamas compared with similar countries
- Bahamas's 1.52 billion current US$ is below the median for high income countries, which is 25.19 billion current US$, 6% of the median. (77 countries reporting)
- Bahamas's 1.52 billion current US$ is below the median for Latin America & Caribbean, which is 8.88 billion current US$, 17% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 470.51 million current US$ | 470.51 million current US$ | 470.51 million current US$ | 1 |
| 1990s | 583.90 million current US$ | 404.74 million current US$ | 891.80 million current US$ | 10 |
| 2000s | 995.03 million current US$ | 793.20 million current US$ | 1.19 billion current US$ | 10 |
| 2010s | 1.44 billion current US$ | 1.16 billion current US$ | 1.72 billion current US$ | 10 |
| 2020s | 1.40 billion current US$ | 1.26 billion current US$ | 1.52 billion current US$ | 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$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Bahamas?
- Industry (including construction), value added in Bahamas was 1.52 billion current US$ 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 US$ in 2019.
- What is the lowest industry (including construction), value added recorded in Bahamas?
- The lowest recorded value was 404.74 million current US$ in 1993.
- How does Bahamas rank for industry (including construction), value added?
- Bahamas ranks 158th 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 US$). 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 indicator is expressed in United States dollars.