Services, value added per worker (constant 2015 US$) in Bahamas
Bahamas: Services, value added per worker (constant 2015 US$) was 56,014 constant 2015 US$ in 2024. ▼ Falling
Services, value added per worker in Bahamas, 1991–2024
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added per worker in Bahamas is 56,014 constant 2015 US$, measured in 2024.
The figure is up 1.6% on the previous year and up 2.5% over ten years.
Over the whole period, services, value added per worker in Bahamas peaked at 72,821 constant 2015 US$ in 1992 and was at its lowest, 49,536 constant 2015 US$, in 2020.
Bahamas ranks 28th of 176 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Services, value added per worker (constant 2015 US$) in Bahamas, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1991 | 70,452 constant 2015 US$ | — |
| 1992 | 72,821 constant 2015 US$ | +3.4% |
| 1993 | 68,995 constant 2015 US$ | -5.3% |
| 1994 | 69,405 constant 2015 US$ | +0.6% |
| 1995 | 69,467 constant 2015 US$ | +0.1% |
| 1996 | 72,306 constant 2015 US$ | +4.1% |
| 1997 | 58,029 constant 2015 US$ | -19.7% |
| 1998 | 57,902 constant 2015 US$ | -0.2% |
| 1999 | 64,342 constant 2015 US$ | +11.1% |
| 2000 | 64,316 constant 2015 US$ | -0.0% |
| 2001 | 66,290 constant 2015 US$ | +3.1% |
| 2002 | 67,307 constant 2015 US$ | +1.5% |
| 2003 | 64,616 constant 2015 US$ | -4.0% |
| 2004 | 66,124 constant 2015 US$ | +2.3% |
| 2005 | 67,266 constant 2015 US$ | +1.7% |
| 2006 | 62,869 constant 2015 US$ | -6.5% |
| 2007 | 64,986 constant 2015 US$ | +3.4% |
| 2008 | 60,234 constant 2015 US$ | -7.3% |
| 2009 | 60,298 constant 2015 US$ | +0.1% |
| 2010 | 58,918 constant 2015 US$ | -2.3% |
| 2011 | 57,194 constant 2015 US$ | -2.9% |
| 2012 | 56,024 constant 2015 US$ | -2.0% |
| 2013 | 55,748 constant 2015 US$ | -0.5% |
| 2014 | 54,640 constant 2015 US$ | -2.0% |
| 2015 | 54,498 constant 2015 US$ | -0.3% |
| 2016 | 53,361 constant 2015 US$ | -2.1% |
| 2017 | 52,021 constant 2015 US$ | -2.5% |
| 2018 | 53,503 constant 2015 US$ | +2.8% |
| 2019 | 53,600 constant 2015 US$ | +0.2% |
| 2020 | 49,536 constant 2015 US$ | -7.6% |
| 2021 | 53,792 constant 2015 US$ | +8.6% |
| 2022 | 55,265 constant 2015 US$ | +2.7% |
| 2023 | 55,135 constant 2015 US$ | -0.2% |
| 2024 | 56,014 constant 2015 US$ | +1.6% |
Bahamas compared with similar countries
- Bahamas's 56,014 constant 2015 US$ is above the median for high income countries, which is 54,874 constant 2015 US$, 1.0× the median. (56 countries reporting)
- Bahamas's 56,014 constant 2015 US$ is above the median for Latin America & Caribbean, which is 17,962 constant 2015 US$, 3.1× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 67,080 constant 2015 US$ | 57,902 constant 2015 US$ | 72,821 constant 2015 US$ | 9 |
| 2000s | 64,431 constant 2015 US$ | 60,234 constant 2015 US$ | 67,307 constant 2015 US$ | 10 |
| 2010s | 54,951 constant 2015 US$ | 52,021 constant 2015 US$ | 58,918 constant 2015 US$ | 10 |
| 2020s | 53,948 constant 2015 US$ | 49,536 constant 2015 US$ | 56,014 constant 2015 US$ | 5 |
Countries ranked near Bahamas
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 per worker in Bahamas?
- Services, value added per worker in Bahamas was 56,014 constant 2015 US$ in 2024, according to World Development Indicators database, World Bank (WB).
- What is the highest services, value added per worker recorded in Bahamas?
- The highest recorded value was 72,821 constant 2015 US$ in 1992.
- What is the lowest services, value added per worker recorded in Bahamas?
- The lowest recorded value was 49,536 constant 2015 US$ in 2020.
- How does Bahamas rank for services, value added per worker?
- Bahamas ranks 28th out of 176 countries with data for 2024.
- Is services, value added per worker rising or falling in Bahamas?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Services, value added per worker (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 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 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. The core indicator has been divided by the number of workers in the economy to derive a measure of labor productivity. 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.