Net secondary income in Bahamas
Bahamas: Net secondary income was 65.43 million BoP, current US$ in 2024. ◆ Volatile
Net secondary income in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net secondary income in Bahamas is 65.43 million BoP, current US$, measured in 2024.
That represents a change of up 25.2% on the previous year and down 1.1% over ten years.
Over the whole period, net secondary income in Bahamas peaked at 315.08 million BoP, current US$ in 2016 and was at its lowest, -122.58 million BoP, current US$, in 2020.
That places Bahamas 128th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Bahamas, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 3.00 million BoP, current US$ | — |
| 1977 | -10.40 million BoP, current US$ | -446.7% |
| 1978 | -12.50 million BoP, current US$ | +20.2% |
| 1979 | -1.80 million BoP, current US$ | -85.6% |
| 1980 | 600,000 BoP, current US$ | -133.3% |
| 1981 | -300,000 BoP, current US$ | -150.0% |
| 1982 | 5.80 million BoP, current US$ | -2033.3% |
| 1983 | 9.80 million BoP, current US$ | +69.0% |
| 1984 | 3.50 million BoP, current US$ | -64.3% |
| 1985 | 2.50 million BoP, current US$ | -28.6% |
| 1986 | 1.20 million BoP, current US$ | -52.0% |
| 1987 | -1.90 million BoP, current US$ | -258.3% |
| 1988 | -11.50 million BoP, current US$ | +505.3% |
| 1989 | 5.90 million BoP, current US$ | -151.3% |
| 1990 | 5.60 million BoP, current US$ | -5.1% |
| 1991 | 11.20 million BoP, current US$ | +100.0% |
| 1992 | 12.00 million BoP, current US$ | +7.1% |
| 1993 | 23.80 million BoP, current US$ | +98.3% |
| 1994 | 27.30 million BoP, current US$ | +14.7% |
| 1995 | 17.90 million BoP, current US$ | -34.4% |
| 1996 | 37.20 million BoP, current US$ | +107.8% |
| 1997 | 39.30 million BoP, current US$ | +5.6% |
| 1998 | 34.20 million BoP, current US$ | -13.0% |
| 1999 | 205.80 million BoP, current US$ | +501.8% |
| 2000 | 78.02 million BoP, current US$ | -62.1% |
| 2001 | 110.04 million BoP, current US$ | +41.0% |
| 2002 | 42.35 million BoP, current US$ | -61.5% |
| 2003 | 48.70 million BoP, current US$ | +15.0% |
| 2004 | 250.78 million BoP, current US$ | +414.9% |
| 2005 | 85.23 million BoP, current US$ | -66.0% |
| 2006 | 52.04 million BoP, current US$ | -38.9% |
| 2007 | 51.80 million BoP, current US$ | -0.5% |
| 2008 | -24.60 million BoP, current US$ | -147.5% |
| 2009 | 13.50 million BoP, current US$ | -154.9% |
| 2010 | -2.57 million BoP, current US$ | -119.0% |
| 2011 | -36.19 million BoP, current US$ | +1308.3% |
| 2012 | 10.52 million BoP, current US$ | -129.1% |
| 2013 | 3.22 million BoP, current US$ | -69.4% |
| 2014 | 66.18 million BoP, current US$ | +1957.1% |
| 2015 | 15.32 million BoP, current US$ | -76.8% |
| 2016 | 315.08 million BoP, current US$ | +1956.4% |
| 2017 | -55.18 million BoP, current US$ | -117.5% |
| 2018 | -68.60 million BoP, current US$ | +24.3% |
| 2019 | -66.63 million BoP, current US$ | -2.9% |
| 2020 | -122.58 million BoP, current US$ | +84.0% |
| 2021 | -82.44 million BoP, current US$ | -32.7% |
| 2022 | 67.85 million BoP, current US$ | -182.3% |
| 2023 | 52.26 million BoP, current US$ | -23.0% |
| 2024 | 65.43 million BoP, current US$ | +25.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -5.42 million BoP, current US$ | -12.50 million BoP, current US$ | 3.00 million BoP, current US$ | 4 |
| 1980s | 1.56 million BoP, current US$ | -11.50 million BoP, current US$ | 9.80 million BoP, current US$ | 10 |
| 1990s | 41.43 million BoP, current US$ | 5.60 million BoP, current US$ | 205.80 million BoP, current US$ | 10 |
| 2000s | 70.79 million BoP, current US$ | -24.60 million BoP, current US$ | 250.78 million BoP, current US$ | 10 |
| 2010s | 18.11 million BoP, current US$ | -68.60 million BoP, current US$ | 315.08 million BoP, current US$ | 10 |
| 2020s | -3.90 million BoP, current US$ | -122.58 million BoP, current US$ | 67.85 million BoP, current US$ | 5 |
Countries ranked near Bahamas
- 125 Uruguay 87.13 million BoP, current US$ compare
- 126 Bhutan 80.60 million BoP, current US$ compare
- 127 Türkiye 72.00 million BoP, current US$ compare
- 129 Central African Republic 63.40 million BoP, current US$ compare
- 130 Saint Vincent and the Grenadines 59.89 million BoP, current US$ compare
- 131 Tuvalu 29.37 million BoP, current US$ 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)
- GNI (current LCU), annual growth rate 4.66 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.9601 current LCU per US$ of GDP (2024)
- GNI (current LCU), per capita 37,881 current LCU per person (2024)
- Net primary income (Net income from abroad) (current US$), annual 15.46 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 15.46 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 0.159 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1233 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 4,866 current US$ per person (2024)
Frequently asked questions
- What is net secondary income in Bahamas?
- Net secondary income in Bahamas was 65.43 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Bahamas?
- The highest recorded value was 315.08 million BoP, current US$ in 2016.
- What is the lowest net secondary income recorded in Bahamas?
- The lowest recorded value was -122.58 million BoP, current US$ in 2020.
- How does Bahamas rank for net secondary income?
- Bahamas ranks 128th out of 199 countries with data for 2024.
- Is net secondary income rising or falling in Bahamas?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.