Manufacturing, value added in Bahamas
Bahamas: Manufacturing, value added was 0.6% in 2024. ▼ Falling
Manufacturing, value added in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for manufacturing, value added in Bahamas is 0.6%, measured in 2024. That is the lowest value across all 36 years on record.
That represents a change of down 26.4% on the previous year and down 76.2% over ten years.
Over the whole period, manufacturing, value added in Bahamas peaked at 4.8% in 1991 and was at its lowest, 0.6%, in 2024.
Bahamas ranks 200th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Manufacturing, value added in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1989 | 4.3% | — |
| 1990 | 3.8% | -11.4% |
| 1991 | 4.8% | +26.2% |
| 1992 | 4.4% | -9.2% |
| 1993 | 4.3% | -2.2% |
| 1994 | 4.1% | -3.6% |
| 1995 | 3.5% | -14.1% |
| 1996 | 4.3% | +20.9% |
| 1997 | 2.3% | -45.1% |
| 1998 | 2.0% | -14.9% |
| 1999 | 2.7% | +37.0% |
| 2000 | 2.9% | +5.6% |
| 2001 | 2.2% | -23.4% |
| 2002 | 2.5% | +14.2% |
| 2003 | 2.4% | -4.5% |
| 2004 | 2.7% | +11.4% |
| 2005 | 2.4% | -11.0% |
| 2006 | 2.5% | +5.5% |
| 2007 | 2.3% | -9.0% |
| 2008 | 2.1% | -8.6% |
| 2009 | 2.1% | -0.3% |
| 2010 | 2.1% | +1.7% |
| 2011 | 2.2% | +3.0% |
| 2012 | 2.9% | +34.4% |
| 2013 | 2.6% | -11.6% |
| 2014 | 2.7% | +1.7% |
| 2015 | 2.5% | -6.3% |
| 2016 | 3.1% | +23.7% |
| 2017 | 2.6% | -15.1% |
| 2018 | 2.2% | -16.4% |
| 2019 | 2.1% | -3.9% |
| 2020 | 1.9% | -7.3% |
| 2021 | 1.9% | -1.8% |
| 2022 | 1.1% | -43.4% |
| 2023 | 0.9% | -20.7% |
| 2024 | 0.6% | -26.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.3% | 4.3% | 4.3% | 1 |
| 1990s | 3.6% | 2.0% | 4.8% | 10 |
| 2000s | 2.4% | 2.1% | 2.9% | 10 |
| 2010s | 2.5% | 2.1% | 3.1% | 10 |
| 2020s | 1.3% | 0.6% | 1.9% | 5 |
Countries ranked near Bahamas
- 197 Cayman Islands 0.9% compare
- 198 Channel Islands 0.8% compare
- 199 Macau, China 0.6% compare
- 201 Sao Tome and Principe 0.6% compare
- 202 Micronesia, Federated States of 0.5% compare
- 203 Turks and Caicos Islands 0.4% 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)
- Gross capital formation (current US$), annual growth rate 21.56 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2681 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 10,577 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 21.56 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.2681 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 10,577 current LCU per person (2024)
- 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)
Frequently asked questions
- What is manufacturing, value added in Bahamas?
- Manufacturing, value added in Bahamas was 0.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Bahamas?
- The highest recorded value was 4.8% in 1991.
- What is the lowest manufacturing, value added recorded in Bahamas?
- The lowest recorded value was 0.6% in 2024.
- How does Bahamas rank for manufacturing, value added?
- Bahamas ranks 200th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Bahamas?
- Over the last ten years it is down 76.2%. 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 Manufacturing, value added (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.