Industry (including construction), value added in Bahamas
Bahamas: Industry (including construction), value added was 9.6% in 2024. ▼ Falling
Industry (including construction), value added in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, industry (including construction), value added in Bahamas stood at 9.6%.
Compared with earlier readings it is down 1.6% on the previous year and down 27.0% over ten years.
Over the whole period, industry (including construction), value added in Bahamas peaked at 15.7% in 1991 and was at its lowest, 9.3%, in 2007.
Bahamas ranks 194th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Industry (including construction), value added in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1989 | 15.4% | — |
| 1990 | 14.2% | -7.6% |
| 1991 | 15.7% | +10.5% |
| 1992 | 15.4% | -1.8% |
| 1993 | 13.1% | -15.1% |
| 1994 | 14.6% | +11.4% |
| 1995 | 13.8% | -5.6% |
| 1996 | 14.0% | +2.0% |
| 1997 | 12.7% | -9.5% |
| 1998 | 12.7% | -0.2% |
| 1999 | 11.6% | -8.5% |
| 2000 | 12.1% | +4.7% |
| 2001 | 9.5% | -21.5% |
| 2002 | 10.6% | +11.3% |
| 2003 | 10.9% | +2.4% |
| 2004 | 10.3% | -4.8% |
| 2005 | 10.8% | +4.5% |
| 2006 | 11.7% | +8.6% |
| 2007 | 9.3% | -21.1% |
| 2008 | 10.4% | +12.2% |
| 2009 | 10.0% | -3.7% |
| 2010 | 11.5% | +14.9% |
| 2011 | 12.0% | +4.7% |
| 2012 | 13.0% | +8.2% |
| 2013 | 12.9% | -0.7% |
| 2014 | 13.2% | +1.9% |
| 2015 | 11.2% | -15.4% |
| 2016 | 13.2% | +18.2% |
| 2017 | 12.9% | -2.0% |
| 2018 | 12.3% | -5.1% |
| 2019 | 13.0% | +5.9% |
| 2020 | 12.1% | -6.7% |
| 2021 | 11.9% | -2.2% |
| 2022 | 9.5% | -19.8% |
| 2023 | 9.8% | +2.9% |
| 2024 | 9.6% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.4% | 15.4% | 15.4% | 1 |
| 1990s | 13.8% | 11.6% | 15.7% | 10 |
| 2000s | 10.6% | 9.3% | 12.1% | 10 |
| 2010s | 12.5% | 11.2% | 13.2% | 10 |
| 2020s | 10.6% | 9.5% | 12.1% | 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)
- Gross capital formation (constant 2015 US$), annual growth rate 19.77 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2364 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 9,326 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 10.96 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.4146 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 16,358 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 10.96 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.4146 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is industry (including construction), value added in Bahamas?
- Industry (including construction), value added in Bahamas was 9.6% 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 15.7% in 1991.
- What is the lowest industry (including construction), value added recorded in Bahamas?
- The lowest recorded value was 9.3% in 2007.
- How does Bahamas rank for industry (including construction), value added?
- Bahamas ranks 194th 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 down 27.0%. 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 Industry (including construction), value added (% of GDP). 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 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.