Inflation, GDP deflator in Bahamas
Bahamas: Inflation, GDP deflator was 0.3% in 2024. ◆ Volatile
Inflation, GDP deflator in Bahamas, 1961–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Bahamas is 0.3%, measured in 2024.
The figure is down 95.7% on the previous year and down 93.5% over ten years.
Over the whole period, inflation, gdp deflator in Bahamas peaked at 73.2% in 1997 and was at its lowest, -2.3%, in 2020.
Bahamas ranks 185th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Bahamas, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 1.2% | — |
| 1962 | 1.1% | -6.1% |
| 1963 | 1.3% | +23.3% |
| 1964 | 1.5% | +12.0% |
| 1965 | 2.0% | +33.6% |
| 1966 | 3.8% | +87.5% |
| 1967 | 4.7% | +25.0% |
| 1968 | 5.2% | +9.6% |
| 1969 | 8.9% | +72.9% |
| 1970 | 6.1% | -31.1% |
| 1971 | 4.6% | -25.4% |
| 1972 | 6.8% | +48.1% |
| 1973 | 5.6% | -18.2% |
| 1974 | 13.2% | +138.4% |
| 1975 | 10.7% | -19.5% |
| 1976 | 2.4% | -77.6% |
| 1977 | 1.7% | -27.7% |
| 1978 | 2.2% | +30.0% |
| 1979 | 8.6% | +280.5% |
| 1980 | 10.0% | +17.0% |
| 1981 | 17.7% | +76.8% |
| 1982 | 3.7% | -79.1% |
| 1983 | 6.0% | +61.8% |
| 1984 | 3.2% | -46.9% |
| 1985 | 8.5% | +166.8% |
| 1986 | 4.7% | -44.9% |
| 1987 | 6.6% | +41.3% |
| 1988 | 1.5% | -77.5% |
| 1989 | 1.8% | +22.2% |
| 1990 | 5.1% | +179.8% |
| 1991 | 2.6% | -49.6% |
| 1992 | 3.9% | +52.8% |
| 1993 | -0.9% | -121.8% |
| 1994 | 2.2% | -356.3% |
| 1995 | 0.8% | -63.2% |
| 1996 | 1.0% | +22.7% |
| 1997 | 73.2% | +7340.2% |
| 1998 | 3.0% | -95.8% |
| 1999 | 5.0% | +62.4% |
| 2000 | 0.9% | -81.4% |
| 2001 | 0.4% | -61.7% |
| 2002 | 4.0% | +1021.5% |
| 2003 | 1.2% | -70.8% |
| 2004 | 1.2% | +3.5% |
| 2005 | 5.1% | +323.1% |
| 2006 | 0.8% | -83.6% |
| 2007 | 2.9% | +256.0% |
| 2008 | 1.5% | -49.5% |
| 2009 | -1.0% | -169.6% |
| 2010 | -0.4% | -62.1% |
| 2011 | -0.9% | +118.7% |
| 2012 | 1.9% | -315.5% |
| 2013 | 0.6% | -67.9% |
| 2014 | 4.4% | +642.3% |
| 2015 | 5.2% | +18.4% |
| 2016 | 1.5% | -70.5% |
| 2017 | 1.3% | -12.5% |
| 2018 | 0.6% | -57.0% |
| 2019 | 4.4% | +667.7% |
| 2020 | -2.3% | -152.3% |
| 2021 | -1.2% | -47.5% |
| 2022 | 4.1% | -438.0% |
| 2023 | 6.6% | +61.0% |
| 2024 | 0.3% | -95.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.3% | 1.1% | 8.9% | 9 |
| 1970s | 6.2% | 1.7% | 13.2% | 10 |
| 1980s | 6.4% | 1.5% | 17.7% | 10 |
| 1990s | 9.6% | -0.9% | 73.2% | 10 |
| 2000s | 1.7% | -1.0% | 5.1% | 10 |
| 2010s | 1.9% | -0.9% | 5.2% | 10 |
| 2020s | 1.5% | -2.3% | 6.6% | 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)
- Industry (including construction), value added (constant 2015 US$) 12.48 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.079 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 3,117 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 12.48 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0939 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 3,705 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 1.87 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7719 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is inflation, gdp deflator in Bahamas?
- Inflation, gdp deflator in Bahamas was 0.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Bahamas?
- The highest recorded value was 73.2% in 1997.
- What is the lowest inflation, gdp deflator recorded in Bahamas?
- The lowest recorded value was -2.3% in 2020.
- How does Bahamas rank for inflation, gdp deflator?
- Bahamas ranks 185th out of 212 countries with data for 2024.
- Is inflation, gdp deflator rising or falling in Bahamas?
- Over the last ten years it is down 93.5%. 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 Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.