Share of products from least-developed countries that have no tariff in Bahamas
Bahamas: Share of products from least-developed countries that have no tariff was 59.7% in 2024. ▲ Rising
Share of products from least-developed countries that have no tariff in Bahamas, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
In 2024, share of products from least-developed countries that have no tariff in Bahamas stood at 59.7%.
Compared with earlier readings it is up 1.7% on the previous year and down 5.7% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Bahamas peaked at 66.4% in 2019 and was at its lowest, 50.1%, in 2010.
That places Bahamas 146th out of 230 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 54.2% | — |
| 2010 | 50.1% | -7.6% |
| 2015 | 63.4% | +26.5% |
| 2016 | 61.8% | -2.5% |
| 2017 | 57.5% | -7.0% |
| 2018 | 58.6% | +2.0% |
| 2019 | 66.4% | +13.2% |
| 2020 | 55.5% | -16.4% |
| 2021 | 54.1% | -2.6% |
| 2022 | 60.5% | +11.8% |
| 2023 | 58.7% | -2.9% |
| 2024 | 59.7% | +1.7% |
Bahamas compared with similar countries
- Bahamas's 59.7% is below the median for high income countries, which is 64.9%, 92% of the median. (80 countries reporting)
- Bahamas's 59.7% is below the median for Latin America & Caribbean, which is 68.3%, 87% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 54.2% | 54.2% | 54.2% | 1 |
| 2010s | 59.6% | 50.1% | 66.4% | 6 |
| 2020s | 57.7% | 54.1% | 60.5% | 5 |
Countries ranked near Bahamas
More economy & growth data for Bahamas
- Real gdp growth, annual growth rate 10.82 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.9 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ of GDP (2024)
- SDRs holdings, US dollar, per capita 408.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.1038 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0076 units per US$ of GDP (2024)
- SDRs holdings, SDR, per capita 298.62 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.93 % change on previous year (2025)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Bahamas?
- Share of products from least-developed countries that have no tariff in Bahamas was 59.7% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Bahamas?
- The highest recorded value was 66.4% in 2019.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Bahamas?
- The lowest recorded value was 50.1% in 2010.
- How does Bahamas rank for share of products from least-developed countries that have no tariff?
- Bahamas ranks 146th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Bahamas?
- Over the last ten years it is down 5.7%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).