Net secondary income (Net current transfers from abroad) in Bahamas
Bahamas: Net secondary income (Net current transfers from abroad) was 29.58 million constant LCU in 2007. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Bahamas, 1997–2007
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Bahamas recorded 29.58 million constant LCU for net secondary income (net current transfers from abroad) in 2007. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 43.2% on the previous year and down 42.9% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Bahamas peaked at 275.30 million constant LCU in 2004 and was at its lowest, 29.58 million constant LCU, in 2007.
Bahamas ranks 95th of 125 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Bahamas, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1997 | 51.81 million constant LCU | — |
| 1998 | 43.49 million constant LCU | -16.1% |
| 1999 | 40.32 million constant LCU | -7.3% |
| 2000 | 45.53 million constant LCU | +12.9% |
| 2001 | 45.17 million constant LCU | -0.8% |
| 2002 | 43.45 million constant LCU | -3.8% |
| 2003 | 50.46 million constant LCU | +16.2% |
| 2004 | 275.30 million constant LCU | +445.5% |
| 2005 | 85.49 million constant LCU | -68.9% |
| 2006 | 52.10 million constant LCU | -39.1% |
| 2007 | 29.58 million constant LCU | -43.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 45.21 million constant LCU | 40.32 million constant LCU | 51.81 million constant LCU | 3 |
| 2000s | 78.39 million constant LCU | 29.58 million constant LCU | 275.30 million constant LCU | 8 |
Countries ranked near Bahamas
- 92 Barbados 77.78 million constant LCU compare
- 93 Montenegro 70.34 million constant LCU compare
- 94 Belize 65.77 million constant LCU compare
- 96 Luxembourg 1.34 constant LCU compare
- 97 New Zealand 1.22 constant LCU compare
- 98 Ireland 0.984 constant LCU 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)
- 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 net secondary income (net current transfers from abroad) in Bahamas?
- Net secondary income (net current transfers from abroad) in Bahamas was 29.58 million constant LCU in 2007, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Bahamas?
- The highest recorded value was 275.30 million constant LCU in 2004.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Bahamas?
- The lowest recorded value was 29.58 million constant LCU in 2007.
- How does Bahamas rank for net secondary income (net current transfers from abroad)?
- Bahamas ranks 95th out of 125 countries with data for 2007.
- Is net secondary income (net current transfers from abroad) rising or falling in Bahamas?
- Over the last ten years it is down 42.9%. 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 Net secondary income (Net current transfers from abroad) (constant LCU). 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.