Trade in services as share of GDP in Bahamas
Bahamas: Trade in services as share of GDP was 52.9% in 2024. ▼ Falling
Latest (2024)
52.9%
Change on year
up 9.9%
World rank
29th
of 198 countries
All-time high
102.1%
in 1977
All-time low
25.5%
in 2020
Years of data
49
1976–2024
Trade in services as share of GDP in Bahamas, 1976–2024
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Bahamas recorded 52.9% for trade in services as share of gdp in 2024.
The figure is up 9.9% on the previous year and up 32.2% over ten years.
Over the whole period, trade in services as share of gdp in Bahamas peaked at 102.1% in 1977 and was at its lowest, 25.5%, in 2020.
Bahamas ranks 29th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 49 years of available data.
Trade in services as share of GDP in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 89.9% | — |
| 1977 | 102.1% | +13.6% |
| 1978 | 93.7% | -8.2% |
| 1979 | 77.6% | -17.1% |
| 1980 | 75.6% | -2.6% |
| 1981 | 77.0% | +1.8% |
| 1982 | 72.2% | -6.2% |
| 1983 | 73.0% | +1.0% |
| 1984 | 63.1% | -13.5% |
| 1985 | 65.2% | +3.2% |
| 1986 | 66.6% | +2.2% |
| 1987 | 63.7% | -4.4% |
| 1988 | 62.7% | -1.5% |
| 1989 | 65.2% | +4.0% |
| 1990 | 65.5% | +0.4% |
| 1991 | 61.2% | -6.6% |
| 1992 | 61.3% | +0.2% |
| 1993 | 65.5% | +7.0% |
| 1994 | 65.6% | +0.1% |
| 1995 | 63.6% | -3.0% |
| 1996 | 63.6% | -0.1% |
| 1997 | 38.4% | -39.7% |
| 1998 | 36.9% | -3.7% |
| 1999 | 35.6% | -3.7% |
| 2000 | 37.1% | +4.3% |
| 2001 | 33.4% | -10.1% |
| 2002 | 34.7% | +3.8% |
| 2003 | 35.5% | +2.4% |
| 2004 | 38.4% | +8.2% |
| 2005 | 38.6% | +0.6% |
| 2006 | 39.8% | +3.1% |
| 2007 | 39.4% | -1.1% |
| 2008 | 37.4% | -5.0% |
| 2009 | 35.5% | -5.0% |
| 2010 | 36.4% | +2.4% |
| 2011 | 37.6% | +3.3% |
| 2012 | 39.4% | +4.9% |
| 2013 | 41.0% | +4.0% |
| 2014 | 40.0% | -2.6% |
| 2015 | 35.3% | -11.8% |
| 2016 | 44.1% | +25.0% |
| 2017 | 40.2% | -8.8% |
| 2018 | 46.1% | +14.7% |
| 2019 | 47.4% | +2.9% |
| 2020 | 25.5% | -46.2% |
| 2021 | 36.3% | +42.4% |
| 2022 | 47.3% | +30.2% |
| 2023 | 48.1% | +1.7% |
| 2024 | 52.9% | +9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 90.8% | 77.6% | 102.1% | 4 |
| 1980s | 68.4% | 62.7% | 77.0% | 10 |
| 1990s | 55.7% | 35.6% | 65.6% | 10 |
| 2000s | 37.0% | 33.4% | 39.8% | 10 |
| 2010s | 40.8% | 35.3% | 47.4% | 10 |
| 2020s | 42.0% | 25.5% | 52.9% | 5 |
Countries ranked near Bahamas
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 capital formation (current US$), annual growth rate 21.56 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2681 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 10,577 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 21.56 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.2681 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 10,577 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 19.77 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2364 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is trade in services as share of gdp in Bahamas?
- Trade in services as share of gdp in Bahamas was 52.9% in 2024, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Bahamas?
- The highest recorded value was 102.1% in 1977.
- What is the lowest trade in services as share of gdp recorded in Bahamas?
- The lowest recorded value was 25.5% in 2020.
- How does Bahamas rank for trade in services as share of gdp?
- Bahamas ranks 29th out of 198 countries with data for 2024.
- Is trade in services as share of gdp rising or falling in Bahamas?
- Over the last ten years it is up 32.2%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).