Services, value added in Bahamas
Bahamas: Services, value added was 2.0% in 2024. ◆ Volatile
Services, value added in Bahamas, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Bahamas recorded 2.0% for services, value added in 2024.
That represents a change of up 34.6% on the previous year and down 18.1% over ten years.
Over the whole period, services, value added in Bahamas peaked at 12.5% in 2022 and was at its lowest, -17.2%, in 2020.
Bahamas ranks 139th of 198 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.
Services, value added in Bahamas, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1990 | -0.7% | — |
| 1991 | -12.4% | +1683.6% |
| 1992 | 2.9% | -123.7% |
| 1993 | 3.1% | +4.9% |
| 1994 | 0.9% | -70.7% |
| 1995 | 5.3% | +491.3% |
| 1996 | 3.8% | -29.4% |
| 1997 | -15.3% | -506.5% |
| 1998 | 3.5% | -122.8% |
| 1999 | 10.6% | +201.9% |
| 2000 | 1.6% | -85.2% |
| 2001 | 4.9% | +213.8% |
| 2002 | 1.8% | -62.5% |
| 2003 | -2.4% | -230.5% |
| 2004 | 2.8% | -215.4% |
| 2005 | 2.4% | -11.9% |
| 2006 | -1.4% | -155.8% |
| 2007 | 5.8% | -529.6% |
| 2008 | -4.5% | -176.6% |
| 2009 | -4.5% | -0.1% |
| 2010 | 0.6% | -113.2% |
| 2011 | -0.1% | -119.5% |
| 2012 | 0.4% | -471.4% |
| 2013 | -1.0% | -324.1% |
| 2014 | 2.5% | -361.4% |
| 2015 | 3.7% | +47.9% |
| 2016 | -1.5% | -140.4% |
| 2017 | 1.9% | -225.3% |
| 2018 | 4.0% | +112.6% |
| 2019 | 2.0% | -49.4% |
| 2020 | -17.2% | -960.0% |
| 2021 | 12.2% | -170.9% |
| 2022 | 12.5% | +2.3% |
| 2023 | 1.5% | -87.9% |
| 2024 | 2.0% | +34.6% |
Bahamas compared with similar countries
- Bahamas's 2.0% is below the median for high income countries, which is 2.2%, 95% of the median. (69 countries reporting)
- Bahamas's 2.0% is below the median for Latin America & Caribbean, which is 3.2%, 64% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, value added 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 |
|---|---|---|---|
| 1991 | -1683.6% | -0.7% | -12.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2% | -15.3% | 10.6% | 10 |
| 2000s | 0.7% | -4.5% | 5.8% | 10 |
| 2010s | 1.2% | -1.5% | 4.0% | 10 |
| 2020s | 2.2% | -17.2% | 12.5% | 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 services, value added in Bahamas?
- Services, value added in Bahamas was 2.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Bahamas?
- The highest recorded value was 12.5% in 2022.
- What is the lowest services, value added recorded in Bahamas?
- The lowest recorded value was -17.2% in 2020.
- How does Bahamas rank for services, value added?
- Bahamas ranks 139th out of 198 countries with data for 2024.
- Is services, value added rising or falling in Bahamas?
- Over the last ten years it is down 18.1%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.