Net trade in goods and services in Bahamas
Bahamas: Net trade in goods and services was -297.87 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-297.87 million BoP, current US$
Change on year
down 13.6%
World rank
104th
of 199 countries
All-time high
324.22 million BoP, current US$
in 2019
All-time low
-1.72 billion BoP, current US$
in 2020
Years of data
49
1976–2024
Net trade in goods and services in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net trade in goods and services in Bahamas stood at -297.87 million BoP, current US$.
Compared with earlier readings it is down 13.6% on the previous year and up 80.3% over ten years.
Over the whole period, net trade in goods and services in Bahamas peaked at 324.22 million BoP, current US$ in 2019 and was at its lowest, -1.72 billion BoP, current US$, in 2020.
That places Bahamas 104th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Bahamas, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 140.70 million BoP, current US$ | — |
| 1977 | 122.90 million BoP, current US$ | -12.7% |
| 1978 | 142.70 million BoP, current US$ | +16.1% |
| 1979 | 92.50 million BoP, current US$ | -35.2% |
| 1980 | 58.60 million BoP, current US$ | -36.6% |
| 1981 | 12.30 million BoP, current US$ | -79.0% |
| 1982 | 10.40 million BoP, current US$ | -15.4% |
| 1983 | 28.10 million BoP, current US$ | +170.2% |
| 1984 | 61.30 million BoP, current US$ | +118.1% |
| 1985 | 175.40 million BoP, current US$ | +186.1% |
| 1986 | 205.40 million BoP, current US$ | +17.1% |
| 1987 | 130.40 million BoP, current US$ | -36.5% |
| 1988 | 111.90 million BoP, current US$ | -14.2% |
| 1989 | 41.50 million BoP, current US$ | -62.9% |
| 1990 | 130.60 million BoP, current US$ | +214.7% |
| 1991 | -12.00 million BoP, current US$ | -109.2% |
| 1992 | 106.40 million BoP, current US$ | -986.7% |
| 1993 | 153.26 million BoP, current US$ | +44.0% |
| 1994 | 68.10 million BoP, current US$ | -55.6% |
| 1995 | -28.10 million BoP, current US$ | -141.3% |
| 1996 | -151.70 million BoP, current US$ | +439.9% |
| 1997 | -358.80 million BoP, current US$ | +136.5% |
| 1998 | -832.10 million BoP, current US$ | +131.9% |
| 1999 | -403.40 million BoP, current US$ | -51.5% |
| 2000 | -570.76 million BoP, current US$ | +41.5% |
| 2001 | -556.10 million BoP, current US$ | -2.6% |
| 2002 | -281.32 million BoP, current US$ | -49.4% |
| 2003 | -369.79 million BoP, current US$ | +31.4% |
| 2004 | -416.58 million BoP, current US$ | +12.7% |
| 2005 | -603.80 million BoP, current US$ | +44.9% |
| 2006 | -1.24 billion BoP, current US$ | +105.0% |
| 2007 | -1.14 billion BoP, current US$ | -8.3% |
| 2008 | -1.11 billion BoP, current US$ | -2.0% |
| 2009 | -670.32 million BoP, current US$ | -39.7% |
| 2010 | -576.59 million BoP, current US$ | -14.0% |
| 2011 | -930.93 million BoP, current US$ | +61.5% |
| 2012 | -1.25 billion BoP, current US$ | +34.0% |
| 2013 | -1.17 billion BoP, current US$ | -6.4% |
| 2014 | -1.51 billion BoP, current US$ | +29.6% |
| 2015 | -815.86 million BoP, current US$ | -46.1% |
| 2016 | -585.95 million BoP, current US$ | -28.2% |
| 2017 | -1.16 billion BoP, current US$ | +97.8% |
| 2018 | -364.42 million BoP, current US$ | -68.6% |
| 2019 | 324.22 million BoP, current US$ | -189.0% |
| 2020 | -1.72 billion BoP, current US$ | -631.2% |
| 2021 | -1.62 billion BoP, current US$ | -6.1% |
| 2022 | -417.26 million BoP, current US$ | -74.2% |
| 2023 | -262.19 million BoP, current US$ | -37.2% |
| 2024 | -297.87 million BoP, current US$ | +13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 124.70 million BoP, current US$ | 92.50 million BoP, current US$ | 142.70 million BoP, current US$ | 4 |
| 1980s | 83.53 million BoP, current US$ | 10.40 million BoP, current US$ | 205.40 million BoP, current US$ | 10 |
| 1990s | -132.77 million BoP, current US$ | -832.10 million BoP, current US$ | 153.26 million BoP, current US$ | 10 |
| 2000s | -695.39 million BoP, current US$ | -1.24 billion BoP, current US$ | -281.32 million BoP, current US$ | 10 |
| 2010s | -803.74 million BoP, current US$ | -1.51 billion BoP, current US$ | 324.22 million BoP, current US$ | 10 |
| 2020s | -863.40 million BoP, current US$ | -1.72 billion BoP, current US$ | -262.19 million BoP, current US$ | 5 |
Countries ranked near Bahamas
- 101 Dominica -272.18 million BoP, current US$ compare
- 102 Tonga -288.45 million BoP, current US$ compare
- 103 Equatorial Guinea -296.43 million BoP, current US$ compare
- 105 Guinea-Bissau -331.52 million BoP, current US$ compare
- 106 Cape Verde -353.60 million BoP, current US$ compare
- 107 Kiribati -354.75 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)
- Gross domestic savings (current US$), annual growth rate 0.5798 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.2279 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita 8,992 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate 0.5798 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.2279 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita 8,992 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 5.71 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9382 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is net trade in goods and services in Bahamas?
- Net trade in goods and services in Bahamas was -297.87 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 trade in goods and services recorded in Bahamas?
- The highest recorded value was 324.22 million BoP, current US$ in 2019.
- What is the lowest net trade in goods and services recorded in Bahamas?
- The lowest recorded value was -1.72 billion BoP, current US$ in 2020.
- How does Bahamas rank for net trade in goods and services?
- Bahamas ranks 104th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Bahamas?
- Over the last ten years it is up 80.3%. 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 trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.