Net secondary income (Net current transfers from abroad) in Bahamas
Bahamas: Net secondary income (Net current transfers from abroad) was -29.90 million current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Bahamas, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Bahamas recorded -29.90 million current LCU for net secondary income (net current transfers from abroad) in 2024.
That represents a change of down 145.1% on the previous year and down 553.0% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Bahamas peaked at 846.20 million current LCU in 2019 and was at its lowest, -94.40 million current LCU, in 2015.
That places Bahamas 141st out of 202 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 (Net current transfers from abroad) in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1997 | 39.30 million current LCU | — |
| 1998 | 34.40 million current LCU | -12.5% |
| 1999 | 36.40 million current LCU | +5.8% |
| 2000 | 43.30 million current LCU | +19.0% |
| 2001 | 41.80 million current LCU | -3.5% |
| 2002 | 42.40 million current LCU | +1.4% |
| 2003 | 48.80 million current LCU | +15.1% |
| 2004 | 250.80 million current LCU | +413.9% |
| 2005 | 85.23 million current LCU | -66.0% |
| 2006 | 52.04 million current LCU | -38.9% |
| 2007 | 51.80 million current LCU | -0.5% |
| 2008 | -38.90 million current LCU | -175.1% |
| 2009 | 13.50 million current LCU | -134.7% |
| 2010 | -2.60 million current LCU | -119.3% |
| 2011 | -36.20 million current LCU | +1292.3% |
| 2012 | 68.70 million current LCU | -289.8% |
| 2013 | 21.20 million current LCU | -69.1% |
| 2014 | 6.60 million current LCU | -68.9% |
| 2015 | -94.40 million current LCU | -1530.3% |
| 2016 | 315.10 million current LCU | -433.8% |
| 2017 | -55.20 million current LCU | -117.5% |
| 2018 | -68.60 million current LCU | +24.3% |
| 2019 | 846.20 million current LCU | -1333.5% |
| 2020 | 373.50 million current LCU | -55.9% |
| 2021 | -92.50 million current LCU | -124.8% |
| 2022 | 44.70 million current LCU | -148.3% |
| 2023 | 66.30 million current LCU | +48.3% |
| 2024 | -29.90 million current LCU | -145.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.70 million current LCU | 34.40 million current LCU | 39.30 million current LCU | 3 |
| 2000s | 59.08 million current LCU | -38.90 million current LCU | 250.80 million current LCU | 10 |
| 2010s | 100.08 million current LCU | -94.40 million current LCU | 846.20 million current LCU | 10 |
| 2020s | 72.42 million current LCU | -92.50 million current LCU | 373.50 million current LCU | 5 |
Countries ranked near Bahamas
- 138 Turkmenistan 30.00 million current LCU compare
- 139 Naoero 6.20 million current LCU compare
- 140 San Marino -4.90 million current LCU compare
- 142 Saint Kitts and Nevis -53.46 million current LCU compare
- 143 Andorra -57.39 million current LCU compare
- 144 Curacao -87.11 million current 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)
- Services, value added (constant LCU), per capita 26,500 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 0.2887 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.97 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8733 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 34,455 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.97 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8733 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 34,455 current LCU per person (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 -29.90 million current LCU in 2024, 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 846.20 million current LCU in 2019.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Bahamas?
- The lowest recorded value was -94.40 million current LCU in 2015.
- How does Bahamas rank for net secondary income (net current transfers from abroad)?
- Bahamas ranks 141st out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Bahamas?
- Over the last ten years it is down 553.0%. 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) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.