Services, value added (current US$) in Bahamas
Bahamas: Services, value added (current US$) was 12.22 billion current US$ in 2024. ▲ Rising
Services, value added in Bahamas, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, services, value added in Bahamas stood at 12.22 billion current US$. That is the highest value across all 40 years on record.
Compared with earlier readings it is up 1.9% on the previous year and up 39.9% over ten years.
Over the whole period, services, value added in Bahamas peaked at 12.22 billion current US$ in 2024 and was at its lowest, 1.50 billion current US$, in 1984.
That places Bahamas 122nd out of 206 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Services, value added (current US$) in Bahamas, year by year
| Year | current US$ | Change |
|---|---|---|
| 1984 | 1.50 billion current US$ | — |
| 1985 | 1.69 billion current US$ | +13.0% |
| 1986 | 1.80 billion current US$ | +6.5% |
| 1987 | 1.98 billion current US$ | +10.0% |
| 1989 | 2.10 billion current US$ | +5.7% |
| 1990 | 2.22 billion current US$ | +5.9% |
| 1991 | 2.08 billion current US$ | -6.4% |
| 1992 | 2.07 billion current US$ | -0.4% |
| 1993 | 2.20 billion current US$ | +6.3% |
| 1994 | 2.20 billion current US$ | -0.1% |
| 1995 | 2.34 billion current US$ | +6.3% |
| 1996 | 2.45 billion current US$ | +4.9% |
| 1997 | 4.87 billion current US$ | +98.5% |
| 1998 | 5.26 billion current US$ | +8.0% |
| 1999 | 6.16 billion current US$ | +17.1% |
| 2000 | 6.28 billion current US$ | +1.9% |
| 2001 | 6.85 billion current US$ | +9.2% |
| 2002 | 7.19 billion current US$ | +5.0% |
| 2003 | 7.23 billion current US$ | +0.5% |
| 2004 | 7.45 billion current US$ | +3.1% |
| 2005 | 8.08 billion current US$ | +8.5% |
| 2006 | 8.03 billion current US$ | -0.7% |
| 2007 | 8.72 billion current US$ | +8.6% |
| 2008 | 8.55 billion current US$ | -1.9% |
| 2009 | 8.22 billion current US$ | -3.8% |
| 2010 | 8.19 billion current US$ | -0.4% |
| 2011 | 8.04 billion current US$ | -1.8% |
| 2012 | 8.25 billion current US$ | +2.6% |
| 2013 | 8.28 billion current US$ | +0.4% |
| 2014 | 8.73 billion current US$ | +5.5% |
| 2015 | 9.10 billion current US$ | +4.2% |
| 2016 | 9.09 billion current US$ | -0.1% |
| 2017 | 9.33 billion current US$ | +2.7% |
| 2018 | 9.63 billion current US$ | +3.2% |
| 2019 | 9.87 billion current US$ | +2.5% |
| 2020 | 7.92 billion current US$ | -19.7% |
| 2021 | 9.29 billion current US$ | +17.2% |
| 2022 | 11.16 billion current US$ | +20.1% |
| 2023 | 12.00 billion current US$ | +7.5% |
| 2024 | 12.22 billion current US$ | +1.9% |
Bahamas compared with similar countries
- Bahamas's 12.22 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 17% of the median. (77 countries reporting)
- Bahamas's 12.22 billion current US$ is below the median for Latin America & Caribbean, which is 15.17 billion current US$, 81% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$) 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 |
|---|---|---|---|
| 1997 | +98.5% | 2.45 billion current US$ | 4.87 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.82 billion current US$ | 1.50 billion current US$ | 2.10 billion current US$ | 5 |
| 1990s | 3.18 billion current US$ | 2.07 billion current US$ | 6.16 billion current US$ | 10 |
| 2000s | 7.66 billion current US$ | 6.28 billion current US$ | 8.72 billion current US$ | 10 |
| 2010s | 8.85 billion current US$ | 8.04 billion current US$ | 9.87 billion current US$ | 10 |
| 2020s | 10.52 billion current US$ | 7.92 billion current US$ | 12.22 billion current US$ | 5 |
Countries ranked near Bahamas
- 119 Botswana 12.88 billion current US$ compare
- 120 Moldova 12.51 billion current US$ compare
- 121 Benin 12.30 billion current US$ compare
- 123 Kyrgyzstan 11.58 billion current US$ compare
- 124 Burkina Faso 11.47 billion current US$ compare
- 125 Channel Islands 11.40 billion current US$ compare
More economy & growth data for Bahamas
- Real gdp growth, annual growth rate 10.82 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.9 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0099 units per US$ of GDP (2024)
- SDRs holdings, US dollar, per capita 408.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.1038 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0076 units per US$ of GDP (2024)
- SDRs holdings, SDR, per capita 298.62 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.93 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Bahamas?
- Services, value added in Bahamas was 12.22 billion current 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 12.22 billion current US$ in 2024.
- What is the lowest services, value added recorded in Bahamas?
- The lowest recorded value was 1.50 billion current US$ in 1984.
- How does Bahamas rank for services, value added?
- Bahamas ranks 122nd out of 206 countries with data for 2024.
- Is services, value added rising or falling in Bahamas?
- Over the last ten years it is up 39.9%. 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 (current US$). 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 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.