Net secondary income (Net current transfers from abroad) in Bahamas
Bahamas: Net secondary income (Net current transfers from abroad) was -29.90 million current US$ 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 US$.
Analysis
Bahamas recorded -29.90 million current US$ 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 US$ in 2019 and was at its lowest, -94.40 million current US$, in 2015.
That places Bahamas 144th out of 202 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Bahamas, year by year
| Year | current US$ | Change |
|---|---|---|
| 1997 | 39.30 million current US$ | — |
| 1998 | 34.40 million current US$ | -12.5% |
| 1999 | 36.40 million current US$ | +5.8% |
| 2000 | 43.30 million current US$ | +19.0% |
| 2001 | 41.80 million current US$ | -3.5% |
| 2002 | 42.40 million current US$ | +1.4% |
| 2003 | 48.80 million current US$ | +15.1% |
| 2004 | 250.80 million current US$ | +413.9% |
| 2005 | 85.23 million current US$ | -66.0% |
| 2006 | 52.04 million current US$ | -38.9% |
| 2007 | 51.80 million current US$ | -0.5% |
| 2008 | -38.90 million current US$ | -175.1% |
| 2009 | 13.50 million current US$ | -134.7% |
| 2010 | -2.60 million current US$ | -119.3% |
| 2011 | -36.20 million current US$ | +1292.3% |
| 2012 | 68.70 million current US$ | -289.8% |
| 2013 | 21.20 million current US$ | -69.1% |
| 2014 | 6.60 million current US$ | -68.9% |
| 2015 | -94.40 million current US$ | -1530.3% |
| 2016 | 315.10 million current US$ | -433.8% |
| 2017 | -55.20 million current US$ | -117.5% |
| 2018 | -68.60 million current US$ | +24.3% |
| 2019 | 846.20 million current US$ | -1333.5% |
| 2020 | 373.50 million current US$ | -55.9% |
| 2021 | -92.50 million current US$ | -124.8% |
| 2022 | 44.70 million current US$ | -148.3% |
| 2023 | 66.30 million current US$ | +48.3% |
| 2024 | -29.90 million current US$ | -145.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.70 million current US$ | 34.40 million current US$ | 39.30 million current US$ | 3 |
| 2000s | 59.08 million current US$ | -38.90 million current US$ | 250.80 million current US$ | 10 |
| 2010s | 100.08 million current US$ | -94.40 million current US$ | 846.20 million current US$ | 10 |
| 2020s | 72.42 million current US$ | -92.50 million current US$ | 373.50 million current US$ | 5 |
Countries ranked near Bahamas
- 141 San Marino -5.29 million current US$ compare
- 142 Seychelles -11.62 million current US$ compare
- 143 Saint Kitts and Nevis -19.80 million current US$ compare
- 145 Curacao -48.66 million current US$ compare
- 146 Grenada -63.70 million current US$ compare
- 147 Andorra -64.85 million 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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.32 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7434 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 29,331 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.32 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.771 constant LCU 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 -29.90 million current US$ 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 US$ 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 US$ in 2015.
- How does Bahamas rank for net secondary income (net current transfers from abroad)?
- Bahamas ranks 144th 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 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.