Services, value added in Bahamas
Bahamas: Services, value added was 77.2% in 2024. ▲ Rising
Services, value added in Bahamas, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Bahamas is 77.2%, measured in 2024.
The figure is down 1.7% on the previous year and down 1.5% over ten years.
Over the whole period, services, value added in Bahamas peaked at 82.4% in 2009 and was at its lowest, 66.6%, in 1992.
That places Bahamas 12th out of 204 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 40 years of available data.
Services, value added in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 73.4% | — |
| 1985 | 73.0% | -0.6% |
| 1986 | 73.0% | -0.0% |
| 1987 | 73.1% | +0.2% |
| 1989 | 68.5% | -6.3% |
| 1990 | 70.2% | +2.4% |
| 1991 | 66.8% | -4.7% |
| 1992 | 66.6% | -0.4% |
| 1993 | 71.2% | +6.9% |
| 1994 | 67.5% | -5.2% |
| 1995 | 68.1% | +1.0% |
| 1996 | 67.9% | -0.3% |
| 1997 | 76.9% | +13.2% |
| 1998 | 76.9% | +0.1% |
| 1999 | 80.1% | +4.2% |
| 2000 | 77.7% | -3.0% |
| 2001 | 82.4% | +6.0% |
| 2002 | 81.0% | -1.7% |
| 2003 | 81.5% | +0.6% |
| 2004 | 82.3% | +1.0% |
| 2005 | 82.2% | -0.2% |
| 2006 | 79.0% | -3.9% |
| 2007 | 82.1% | +4.0% |
| 2008 | 81.2% | -1.1% |
| 2009 | 82.4% | +1.5% |
| 2010 | 81.1% | -1.5% |
| 2011 | 79.9% | -1.6% |
| 2012 | 76.9% | -3.7% |
| 2013 | 79.0% | +2.7% |
| 2014 | 78.4% | -0.8% |
| 2015 | 76.8% | -2.0% |
| 2016 | 76.5% | -0.5% |
| 2017 | 75.0% | -2.0% |
| 2018 | 75.1% | +0.2% |
| 2019 | 74.4% | -1.0% |
| 2020 | 76.5% | +2.8% |
| 2021 | 77.2% | +0.9% |
| 2022 | 80.3% | +4.1% |
| 2023 | 78.6% | -2.2% |
| 2024 | 77.2% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 72.2% | 68.5% | 73.4% | 5 |
| 1990s | 71.2% | 66.6% | 80.1% | 10 |
| 2000s | 81.2% | 77.7% | 82.4% | 10 |
| 2010s | 77.3% | 74.4% | 81.1% | 10 |
| 2020s | 77.9% | 76.5% | 80.3% | 5 |
Countries ranked near Bahamas
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)
- Industry (including construction), value added (constant 2015 US$) 12.48 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.079 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 3,117 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 12.48 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0939 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 3,705 constant LCU per person (2024)
- 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)
Frequently asked questions
- What is services, value added in Bahamas?
- Services, value added in Bahamas was 77.2% 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 82.4% in 2009.
- What is the lowest services, value added recorded in Bahamas?
- The lowest recorded value was 66.6% in 1992.
- How does Bahamas rank for services, value added?
- Bahamas ranks 12th out of 204 countries with data for 2024.
- Is services, value added rising or falling in Bahamas?
- Over the last ten years it is down 1.5%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.