Service exports in Bahamas
Bahamas: Service exports was 5.90 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
5.90 billion BoP, current US$
Change on year
up 14.5%
World rank
91st
of 200 countries
All-time high
5.90 billion BoP, current US$
in 2024
All-time low
440.00 million BoP, current US$
in 1976
Years of data
49
1976–2024
Service exports in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bahamas recorded 5.90 billion BoP, current US$ for service exports in 2024. That is the highest value across all 49 years on record.
The figure is up 14.5% on the previous year and up 116.4% over ten years.
Over the whole period, service exports in Bahamas peaked at 5.90 billion BoP, current US$ in 2024 and was at its lowest, 440.00 million BoP, current US$, in 1976.
That places Bahamas 91st out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports in Bahamas, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 440.00 million BoP, current US$ | — |
| 1977 | 519.70 million BoP, current US$ | +18.1% |
| 1978 | 583.10 million BoP, current US$ | +12.2% |
| 1979 | 657.10 million BoP, current US$ | +12.7% |
| 1980 | 746.00 million BoP, current US$ | +13.5% |
| 1981 | 787.50 million BoP, current US$ | +5.6% |
| 1982 | 794.10 million BoP, current US$ | +0.8% |
| 1983 | 891.10 million BoP, current US$ | +12.2% |
| 1984 | 931.20 million BoP, current US$ | +4.5% |
| 1985 | 1.12 billion BoP, current US$ | +20.5% |
| 1986 | 1.23 billion BoP, current US$ | +9.5% |
| 1987 | 1.27 billion BoP, current US$ | +3.0% |
| 1988 | 1.28 billion BoP, current US$ | +0.8% |
| 1989 | 1.47 billion BoP, current US$ | +15.6% |
| 1990 | 1.50 billion BoP, current US$ | +1.7% |
| 1991 | 1.35 billion BoP, current US$ | -9.7% |
| 1992 | 1.39 billion BoP, current US$ | +2.6% |
| 1993 | 1.46 billion BoP, current US$ | +5.0% |
| 1994 | 1.51 billion BoP, current US$ | +3.5% |
| 1995 | 1.54 billion BoP, current US$ | +2.1% |
| 1996 | 1.58 billion BoP, current US$ | +2.3% |
| 1997 | 1.59 billion BoP, current US$ | +0.9% |
| 1998 | 1.53 billion BoP, current US$ | -3.8% |
| 1999 | 1.80 billion BoP, current US$ | +17.5% |
| 2000 | 1.97 billion BoP, current US$ | +9.6% |
| 2001 | 1.80 billion BoP, current US$ | -8.6% |
| 2002 | 2.06 billion BoP, current US$ | +14.3% |
| 2003 | 2.05 billion BoP, current US$ | -0.3% |
| 2004 | 2.24 billion BoP, current US$ | +9.2% |
| 2005 | 2.51 billion BoP, current US$ | +11.9% |
| 2006 | 2.44 billion BoP, current US$ | -3.0% |
| 2007 | 2.60 billion BoP, current US$ | +6.7% |
| 2008 | 2.53 billion BoP, current US$ | -2.5% |
| 2009 | 2.35 billion BoP, current US$ | -7.2% |
| 2010 | 2.49 billion BoP, current US$ | +6.1% |
| 2011 | 2.49 billion BoP, current US$ | +0.0% |
| 2012 | 2.69 billion BoP, current US$ | +7.9% |
| 2013 | 2.67 billion BoP, current US$ | -0.7% |
| 2014 | 2.72 billion BoP, current US$ | +2.0% |
| 2015 | 2.90 billion BoP, current US$ | +6.3% |
| 2016 | 3.40 billion BoP, current US$ | +17.4% |
| 2017 | 3.19 billion BoP, current US$ | -6.1% |
| 2018 | 4.11 billion BoP, current US$ | +28.8% |
| 2019 | 4.47 billion BoP, current US$ | +8.7% |
| 2020 | 1.26 billion BoP, current US$ | -71.9% |
| 2021 | 2.69 billion BoP, current US$ | +114.1% |
| 2022 | 4.61 billion BoP, current US$ | +71.3% |
| 2023 | 5.15 billion BoP, current US$ | +11.7% |
| 2024 | 5.90 billion BoP, current US$ | +14.5% |
Bahamas compared with similar countries
- Bahamas's 5.90 billion BoP, current US$ is below the median for high income countries, which is 24.56 billion BoP, current US$, 24% of the median. (72 countries reporting)
- Bahamas's 5.90 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 2.99 billion BoP, current US$, 2.0× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Service exports in Bahamas changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +114.1% | 1.26 billion BoP, current US$ | 2.69 billion BoP, current US$ |
| 2020 | -71.9% | 4.47 billion BoP, current US$ | 1.26 billion BoP, current US$ |
| 2022 | +71.3% | 2.69 billion BoP, current US$ | 4.61 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 549.98 million BoP, current US$ | 440.00 million BoP, current US$ | 657.10 million BoP, current US$ | 4 |
| 1980s | 1.05 billion BoP, current US$ | 746.00 million BoP, current US$ | 1.47 billion BoP, current US$ | 10 |
| 1990s | 1.53 billion BoP, current US$ | 1.35 billion BoP, current US$ | 1.80 billion BoP, current US$ | 10 |
| 2000s | 2.26 billion BoP, current US$ | 1.80 billion BoP, current US$ | 2.60 billion BoP, current US$ | 10 |
| 2010s | 3.11 billion BoP, current US$ | 2.49 billion BoP, current US$ | 4.47 billion BoP, current US$ | 10 |
| 2020s | 3.92 billion BoP, current US$ | 1.26 billion BoP, current US$ | 5.90 billion BoP, current US$ | 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)
- 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$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is service exports in Bahamas?
- Service exports in Bahamas was 5.90 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Bahamas?
- The highest recorded value was 5.90 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Bahamas?
- The lowest recorded value was 440.00 million BoP, current US$ in 1976.
- How does Bahamas rank for service exports?
- Bahamas ranks 91st out of 200 countries with data for 2024.
- Is service exports rising or falling in Bahamas?
- Over the last ten years it is up 116.4%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. 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.