Services, value added in Bahamas
Bahamas: Services, value added was 10.48 billion constant 2015 US$ in 2024. ▲ Rising
Services, value added in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, services, value added in Bahamas stood at 10.48 billion constant 2015 US$. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 19.4% over ten years.
Over the whole period, services, value added in Bahamas peaked at 10.48 billion constant 2015 US$ in 2024 and was at its lowest, 7.05 billion constant 2015 US$, in 1997.
That places Bahamas 117th out of 196 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Services, value added in Bahamas, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1989 | 8.18 billion constant 2015 US$ | — |
| 1990 | 8.12 billion constant 2015 US$ | -0.7% |
| 1991 | 7.11 billion constant 2015 US$ | -12.4% |
| 1992 | 7.32 billion constant 2015 US$ | +2.9% |
| 1993 | 7.55 billion constant 2015 US$ | +3.1% |
| 1994 | 7.61 billion constant 2015 US$ | +0.9% |
| 1995 | 8.02 billion constant 2015 US$ | +5.3% |
| 1996 | 8.32 billion constant 2015 US$ | +3.8% |
| 1997 | 7.05 billion constant 2015 US$ | -15.3% |
| 1998 | 7.29 billion constant 2015 US$ | +3.5% |
| 1999 | 8.06 billion constant 2015 US$ | +10.6% |
| 2000 | 8.19 billion constant 2015 US$ | +1.6% |
| 2001 | 8.59 billion constant 2015 US$ | +4.9% |
| 2002 | 8.75 billion constant 2015 US$ | +1.8% |
| 2003 | 8.54 billion constant 2015 US$ | -2.4% |
| 2004 | 8.78 billion constant 2015 US$ | +2.8% |
| 2005 | 8.99 billion constant 2015 US$ | +2.4% |
| 2006 | 8.87 billion constant 2015 US$ | -1.4% |
| 2007 | 9.39 billion constant 2015 US$ | +5.8% |
| 2008 | 8.97 billion constant 2015 US$ | -4.5% |
| 2009 | 8.57 billion constant 2015 US$ | -4.5% |
| 2010 | 8.62 billion constant 2015 US$ | +0.6% |
| 2011 | 8.61 billion constant 2015 US$ | -0.1% |
| 2012 | 8.64 billion constant 2015 US$ | +0.4% |
| 2013 | 8.56 billion constant 2015 US$ | -1.0% |
| 2014 | 8.77 billion constant 2015 US$ | +2.5% |
| 2015 | 9.10 billion constant 2015 US$ | +3.7% |
| 2016 | 8.96 billion constant 2015 US$ | -1.5% |
| 2017 | 9.13 billion constant 2015 US$ | +1.9% |
| 2018 | 9.49 billion constant 2015 US$ | +4.0% |
| 2019 | 9.68 billion constant 2015 US$ | +2.0% |
| 2020 | 8.01 billion constant 2015 US$ | -17.2% |
| 2021 | 8.99 billion constant 2015 US$ | +12.2% |
| 2022 | 10.11 billion constant 2015 US$ | +12.5% |
| 2023 | 10.27 billion constant 2015 US$ | +1.5% |
| 2024 | 10.48 billion constant 2015 US$ | +2.0% |
Bahamas compared with similar countries
- Bahamas's 10.48 billion constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 15% of the median. (69 countries reporting)
- Bahamas's 10.48 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 12.34 billion constant 2015 US$, 85% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.18 billion constant 2015 US$ | 8.18 billion constant 2015 US$ | 8.18 billion constant 2015 US$ | 1 |
| 1990s | 7.65 billion constant 2015 US$ | 7.05 billion constant 2015 US$ | 8.32 billion constant 2015 US$ | 10 |
| 2000s | 8.76 billion constant 2015 US$ | 8.19 billion constant 2015 US$ | 9.39 billion constant 2015 US$ | 10 |
| 2010s | 8.95 billion constant 2015 US$ | 8.56 billion constant 2015 US$ | 9.68 billion constant 2015 US$ | 10 |
| 2020s | 9.57 billion constant 2015 US$ | 8.01 billion constant 2015 US$ | 10.48 billion constant 2015 US$ | 5 |
Countries ranked near Bahamas
- 114 Botswana 11.95 billion constant 2015 US$ compare
- 115 Jamaica 10.66 billion constant 2015 US$ compare
- 116 Armenia 10.55 billion constant 2015 US$ compare
- 118 Sudan 10.34 billion constant 2015 US$ compare
- 119 Mauritius 10.31 billion constant 2015 US$ compare
- 120 Mali 10.26 billion constant 2015 US$ 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$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is services, value added in Bahamas?
- Services, value added in Bahamas was 10.48 billion constant 2015 US$ 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 10.48 billion constant 2015 US$ in 2024.
- What is the lowest services, value added recorded in Bahamas?
- The lowest recorded value was 7.05 billion constant 2015 US$ in 1997.
- How does Bahamas rank for services, value added?
- Bahamas ranks 117th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Bahamas?
- Over the last ten years it is up 19.4%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.