Share of manufacturing in gross domestic product (GDP) in Bahamas
Bahamas: Share of manufacturing in gross domestic product (GDP) was 0.6% in 2024. ▼ Falling
Share of manufacturing in gross domestic product (GDP) in Bahamas, 1989–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for share of manufacturing in gross domestic product (gdp) 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, share of manufacturing in gross domestic product (gdp) in Bahamas peaked at 4.8% in 1991 and was at its lowest, 0.6%, in 2024.
That places Bahamas 197th out of 202 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Share of manufacturing in gross domestic product (GDP) 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% |
Bahamas compared with similar countries
- Bahamas's 0.6% is below the median for high income countries, which is 9.5%, 7% of the median. (75 countries reporting)
- Bahamas's 0.6% is below the median for Latin America & Caribbean, which is 9.9%, 6% of the median. (39 countries reporting)
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
- 194 Hong Kong 0.9% compare
- 195 Cayman Islands 0.9% compare
- 196 Macao 0.6% compare
- 198 Sao Tome and Principe 0.6% compare
- 199 Micronesia (country) 0.5% compare
- 200 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)
- 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 share of manufacturing in gross domestic product (gdp) in Bahamas?
- Share of manufacturing in gross domestic product (gdp) in Bahamas was 0.6% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Bahamas?
- The highest recorded value was 4.8% in 1991.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Bahamas?
- The lowest recorded value was 0.6% in 2024.
- How does Bahamas rank for share of manufacturing in gross domestic product (gdp)?
- Bahamas ranks 197th out of 202 countries with data for 2024.
- Is share of manufacturing in gross domestic product (gdp) 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.