Services, value added (constant 2015 US$), annual growth rate in Bahamas
Bahamas: Services, value added (constant 2015 US$), annual growth rate was 2.04 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Bahamas, 1990–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (constant 2015 us$), annual growth rate in Bahamas stood at 2.04 % change on previous year.
The figure is up 34.5% on the previous year and down 18.1% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Bahamas peaked at 12.49 % change on previous year in 2022 and was at its lowest, -17.21 % change on previous year, in 2020.
Bahamas ranks 137th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Bahamas, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1990 | -0.6957 % change on previous year | — |
| 1991 | -12.41 % change on previous year | +1683.7% |
| 1992 | 2.94 % change on previous year | -123.7% |
| 1993 | 3.09 % change on previous year | +4.9% |
| 1994 | 0.9043 % change on previous year | -70.7% |
| 1995 | 5.35 % change on previous year | +491.2% |
| 1996 | 3.77 % change on previous year | -29.4% |
| 1997 | -15.34 % change on previous year | -506.5% |
| 1998 | 3.5 % change on previous year | -122.8% |
| 1999 | 10.57 % change on previous year | +201.9% |
| 2000 | 1.56 % change on previous year | -85.2% |
| 2001 | 4.9 % change on previous year | +213.8% |
| 2002 | 1.84 % change on previous year | -62.5% |
| 2003 | -2.39 % change on previous year | -230.5% |
| 2004 | 2.76 % change on previous year | -215.4% |
| 2005 | 2.43 % change on previous year | -11.9% |
| 2006 | -1.36 % change on previous year | -155.8% |
| 2007 | 5.84 % change on previous year | -529.6% |
| 2008 | -4.47 % change on previous year | -176.6% |
| 2009 | -4.47 % change on previous year | -0.1% |
| 2010 | 0.5877 % change on previous year | -113.2% |
| 2011 | -0.1143 % change on previous year | -119.5% |
| 2012 | 0.4247 % change on previous year | -471.5% |
| 2013 | -0.9518 % change on previous year | -324.1% |
| 2014 | 2.49 % change on previous year | -361.4% |
| 2015 | 3.68 % change on previous year | +47.9% |
| 2016 | -1.48 % change on previous year | -140.4% |
| 2017 | 1.86 % change on previous year | -225.3% |
| 2018 | 3.96 % change on previous year | +112.6% |
| 2019 | 2 % change on previous year | -49.4% |
| 2020 | -17.21 % change on previous year | -960.0% |
| 2021 | 12.2 % change on previous year | -170.9% |
| 2022 | 12.49 % change on previous year | +2.3% |
| 2023 | 1.51 % change on previous year | -87.9% |
| 2024 | 2.04 % change on previous year | +34.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1679 % change on previous year | -15.34 % change on previous year | 10.57 % change on previous year | 10 |
| 2000s | 0.6639 % change on previous year | -4.47 % change on previous year | 5.84 % change on previous year | 10 |
| 2010s | 1.24 % change on previous year | -1.48 % change on previous year | 3.96 % change on previous year | 10 |
| 2020s | 2.21 % change on previous year | -17.21 % change on previous year | 12.49 % change on previous year | 5 |
Countries ranked near Bahamas
- 134 Malawi 2.15 % change on previous year compare
- 135 Equatorial Guinea 2.11 % change on previous year compare
- 136 Sweden 2.04 % change on previous year compare
- 138 Mongolia 2.02 % change on previous year compare
- 139 Jordan 1.96 % change on previous year compare
- 140 Switzerland 1.96 % 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)
- Services, value added (current US$), annual growth rate 1.87 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7719 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 30,454 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 1.87 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 0.7719 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 30,454 current LCU per person (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.6616 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 26,105 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Bahamas?
- Services, value added (constant 2015 us$), annual growth rate in Bahamas was 2.04 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Bahamas?
- The highest recorded value was 12.49 % change on previous year in 2022.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Bahamas?
- The lowest recorded value was -17.21 % change on previous year in 2020.
- How does Bahamas rank for services, value added (constant 2015 us$), annual growth rate?
- Bahamas ranks 137th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.