Services, value added (constant LCU), annual growth rate in Bahamas
Bahamas: Services, value added (constant LCU), annual growth rate was 2.04 % change on previous year in 2024. ◆ Volatile
Services, value added (constant LCU), annual growth rate in Bahamas, 1990–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (constant lcu), annual growth rate in Bahamas is 2.04 % change on previous year, measured 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 (constant lcu), 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 196 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 LCU), annual growth rate in Bahamas, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1990 | -0.6958 % change on previous year | — |
| 1991 | -12.41 % change on previous year | +1683.4% |
| 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 | +491.3% |
| 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 | -471.4% |
| 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 | +34.6% |
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 12.71 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3084 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 12,169 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -311.24 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -311.24 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 17.44 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0051 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 203.1 current LCU per person (2024)
Frequently asked questions
- What is services, value added (constant lcu), annual growth rate in Bahamas?
- Services, value added (constant lcu), 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 lcu), 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 lcu), 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 lcu), annual growth rate?
- Bahamas ranks 137th out of 196 countries with data for 2024.
- Is services, value added (constant lcu), 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 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 Services, value added (constant LCU). 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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.