Services, value added (% of GDP) in Bahamas
Bahamas: Services, value added (% of GDP) 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 13th out of 206 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 (% of GDP) 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% |
Bahamas compared with similar countries
- Bahamas's 77.2% is above the median for high income countries, which is 66.2%, 1.2× the median. (77 countries reporting)
- Bahamas's 77.2% is above the median for Latin America & Caribbean, which is 59.8%, 1.3× the median. (39 countries reporting)
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0172 units 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 13th out of 206 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.