Merchandise trade as a proportion of GDP in Bahamas
Bahamas: Merchandise trade as a proportion of GDP was 35.5% in 2024. ▲ Rising
Latest (2024)
35.5%
Change on year
up 10.0%
World rank
174th
of 218 countries
All-time high
41.7%
in 2012
All-time low
24.5%
in 2020
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Bahamas, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Bahamas is 35.5%, measured in 2024.
The figure is up 10.0% on the previous year and down 11.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Bahamas peaked at 41.7% in 2012 and was at its lowest, 24.5%, in 2020.
Bahamas ranks 174th of 218 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 31.7% | — |
| 2001 | 27.7% | -12.5% |
| 2002 | 25.1% | -9.5% |
| 2003 | 25.2% | +0.6% |
| 2004 | 26.3% | +4.0% |
| 2005 | 30.5% | +16.0% |
| 2006 | 34.7% | +14.0% |
| 2007 | 35.5% | +2.3% |
| 2008 | 37.0% | +4.2% |
| 2009 | 32.9% | -11.1% |
| 2010 | 34.5% | +4.9% |
| 2011 | 41.1% | +19.1% |
| 2012 | 41.7% | +1.6% |
| 2013 | 39.9% | -4.5% |
| 2014 | 40.2% | +0.9% |
| 2015 | 30.5% | -24.3% |
| 2016 | 28.4% | -6.6% |
| 2017 | 31.3% | +10.2% |
| 2018 | 31.5% | +0.4% |
| 2019 | 29.1% | -7.7% |
| 2020 | 24.5% | -15.7% |
| 2021 | 33.4% | +36.5% |
| 2022 | 31.4% | -6.0% |
| 2023 | 32.2% | +2.6% |
| 2024 | 35.5% | +10.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.7% | 25.1% | 37.0% | 10 |
| 2010s | 34.8% | 28.4% | 41.7% | 10 |
| 2020s | 31.4% | 24.5% | 35.5% | 5 |
Countries ranked near Bahamas
- 171 Australia and New Zealand 36.0% compare
- 172 Indonesia 35.7% compare
- 173 Saint Kitts and Nevis 35.5% compare
- 175 Equatorial Guinea 35.2% compare
- 176 Algeria 35.2% compare
- 177 Dominican Republic 35.1% 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)
- Households and NPISHs Final consumption expenditure (current LCU) 5.15 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.643 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 25,369 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.23 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5311 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 20,956 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 4.63 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7721 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Bahamas?
- Merchandise trade as a proportion of gdp in Bahamas was 35.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Bahamas?
- The highest recorded value was 41.7% in 2012.
- What is the lowest merchandise trade as a proportion of gdp recorded in Bahamas?
- The lowest recorded value was 24.5% in 2020.
- How does Bahamas rank for merchandise trade as a proportion of gdp?
- Bahamas ranks 174th out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Bahamas?
- Over the last ten years it is down 11.8%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).