Service exports (BoP, current US$), annual growth rate in Bahamas
Bahamas: Service exports (BoP, current US$), annual growth rate was 14.54 % change on previous year in 2024. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Bahamas, 1977–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Bahamas recorded 14.54 % change on previous year for service exports (bop, current us$), annual growth rate in 2024.
That represents a change of up 24.8% on the previous year and up 625.2% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Bahamas peaked at 114.09 % change on previous year in 2021 and was at its lowest, -71.87 % change on previous year, in 2020.
Bahamas ranks 53rd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Bahamas, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 18.11 % change on previous year | — |
| 1978 | 12.2 % change on previous year | -32.7% |
| 1979 | 12.69 % change on previous year | +4.0% |
| 1980 | 13.53 % change on previous year | +6.6% |
| 1981 | 5.56 % change on previous year | -58.9% |
| 1982 | 0.8381 % change on previous year | -84.9% |
| 1983 | 12.22 % change on previous year | +1357.5% |
| 1984 | 4.5 % change on previous year | -63.2% |
| 1985 | 20.48 % change on previous year | +355.1% |
| 1986 | 9.52 % change on previous year | -53.5% |
| 1987 | 3 % change on previous year | -68.5% |
| 1988 | 0.7585 % change on previous year | -74.7% |
| 1989 | 15.61 % change on previous year | +1958.3% |
| 1990 | 1.75 % change on previous year | -88.8% |
| 1991 | -9.74 % change on previous year | -656.5% |
| 1992 | 2.63 % change on previous year | -127.0% |
| 1993 | 4.99 % change on previous year | +89.9% |
| 1994 | 3.54 % change on previous year | -29.2% |
| 1995 | 2.1 % change on previous year | -40.7% |
| 1996 | 2.33 % change on previous year | +10.9% |
| 1997 | 0.9314 % change on previous year | -60.0% |
| 1998 | -3.76 % change on previous year | -503.7% |
| 1999 | 17.46 % change on previous year | -564.2% |
| 2000 | 9.59 % change on previous year | -45.1% |
| 2001 | -8.56 % change on previous year | -189.2% |
| 2002 | 14.26 % change on previous year | -266.7% |
| 2003 | -0.3458 % change on previous year | -102.4% |
| 2004 | 9.22 % change on previous year | -2765.9% |
| 2005 | 11.89 % change on previous year | +29.0% |
| 2006 | -2.98 % change on previous year | -125.1% |
| 2007 | 6.7 % change on previous year | -324.9% |
| 2008 | -2.52 % change on previous year | -137.6% |
| 2009 | -7.22 % change on previous year | +187.0% |
| 2010 | 6.07 % change on previous year | -184.0% |
| 2011 | 0.0016 % change on previous year | -100.0% |
| 2012 | 7.93 % change on previous year | +494315.7% |
| 2013 | -0.7483 % change on previous year | -109.4% |
| 2014 | 2.01 % change on previous year | -367.9% |
| 2015 | 6.26 % change on previous year | +212.4% |
| 2016 | 17.42 % change on previous year | +178.0% |
| 2017 | -6.11 % change on previous year | -135.1% |
| 2018 | 28.76 % change on previous year | -570.7% |
| 2019 | 8.72 % change on previous year | -69.7% |
| 2020 | -71.87 % change on previous year | -924.3% |
| 2021 | 114.09 % change on previous year | -258.8% |
| 2022 | 71.33 % change on previous year | -37.5% |
| 2023 | 11.65 % change on previous year | -83.7% |
| 2024 | 14.54 % change on previous year | +24.8% |
Bahamas compared with similar countries
- Bahamas's 14.54 % change on previous year is above the median for high income countries, which is 8.45 % change on previous year, 1.7× the median. (71 countries reporting)
- Bahamas's 14.54 % change on previous year is above the median for Latin America & Caribbean, which is 4.73 % change on previous year, 3.1× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Bahamas changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +494315.7% | 0.0016 % change on previous year | 7.93 % change on previous year |
| 2004 | +2765.9% | -0.3458 % change on previous year | 9.22 % change on previous year |
| 1989 | +1958.3% | 0.7585 % change on previous year | 15.61 % change on previous year |
| 1983 | +1357.5% | 0.8381 % change on previous year | 12.22 % change on previous year |
| 2020 | -924.3% | 8.72 % change on previous year | -71.87 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.33 % change on previous year | 12.2 % change on previous year | 18.11 % change on previous year | 3 |
| 1980s | 8.6 % change on previous year | 0.7585 % change on previous year | 20.48 % change on previous year | 10 |
| 1990s | 2.22 % change on previous year | -9.74 % change on previous year | 17.46 % change on previous year | 10 |
| 2000s | 3 % change on previous year | -8.56 % change on previous year | 14.26 % change on previous year | 10 |
| 2010s | 7.03 % change on previous year | -6.11 % change on previous year | 28.76 % change on previous year | 10 |
| 2020s | 27.95 % change on previous year | -71.87 % change on previous year | 114.09 % change on previous year | 5 |
Countries ranked near Bahamas
- 50 Solomon Islands 15.08 % change on previous year compare
- 51 Egypt 14.77 % change on previous year compare
- 52 Iceland 14.57 % change on previous year compare
- 54 Nepal 14.52 % change on previous year compare
- 55 Zimbabwe 14.51 % change on previous year compare
- 56 Guinea-Bissau 13.98 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Bahamas?
- Service exports (bop, current us$), annual growth rate in Bahamas was 14.54 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Bahamas?
- The highest recorded value was 114.09 % change on previous year in 2021.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Bahamas?
- The lowest recorded value was -71.87 % change on previous year in 2020.
- How does Bahamas rank for service exports (bop, current us$), annual growth rate?
- Bahamas ranks 53rd out of 199 countries with data for 2024.
- Is service exports (bop, current us$), annual growth rate rising or falling in Bahamas?
- Over the last ten years it is up 625.2%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.