Taxes less subsidies on products (constant LCU), per unit of GDP in Bahamas
Bahamas: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.094 constant LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Bahamas, 1989–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), per unit of gdp in Bahamas is 0.094 constant LCU per US$ of GDP, measured in 2024.
The figure is down 10.4% on the previous year and down 24.1% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Bahamas peaked at 0.4432 constant LCU per US$ of GDP in 1991 and was at its lowest, 0.093 constant LCU per US$ of GDP, in 2020.
That places Bahamas 135th out of 189 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Bahamas, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1989 | 0.3053 constant LCU per US$ of GDP | — |
| 1990 | 0.2865 constant LCU per US$ of GDP | -6.2% |
| 1991 | 0.4432 constant LCU per US$ of GDP | +54.7% |
| 1992 | 0.273 constant LCU per US$ of GDP | -38.4% |
| 1993 | 0.2631 constant LCU per US$ of GDP | -3.6% |
| 1994 | 0.2684 constant LCU per US$ of GDP | +2.0% |
| 1995 | 0.2743 constant LCU per US$ of GDP | +2.2% |
| 1996 | 0.2823 constant LCU per US$ of GDP | +2.9% |
| 1997 | 0.1726 constant LCU per US$ of GDP | -38.9% |
| 1998 | 0.1744 constant LCU per US$ of GDP | +1.0% |
| 1999 | 0.1673 constant LCU per US$ of GDP | -4.1% |
| 2000 | 0.1716 constant LCU per US$ of GDP | +2.6% |
| 2001 | 0.1753 constant LCU per US$ of GDP | +2.2% |
| 2002 | 0.1533 constant LCU per US$ of GDP | -12.6% |
| 2003 | 0.1552 constant LCU per US$ of GDP | +1.2% |
| 2004 | 0.1481 constant LCU per US$ of GDP | -4.6% |
| 2005 | 0.1344 constant LCU per US$ of GDP | -9.3% |
| 2006 | 0.1495 constant LCU per US$ of GDP | +11.3% |
| 2007 | 0.1454 constant LCU per US$ of GDP | -2.7% |
| 2008 | 0.1458 constant LCU per US$ of GDP | +0.3% |
| 2009 | 0.1375 constant LCU per US$ of GDP | -5.6% |
| 2010 | 0.1258 constant LCU per US$ of GDP | -8.6% |
| 2011 | 0.1338 constant LCU per US$ of GDP | +6.4% |
| 2012 | 0.1391 constant LCU per US$ of GDP | +4.0% |
| 2013 | 0.1451 constant LCU per US$ of GDP | +4.3% |
| 2014 | 0.1239 constant LCU per US$ of GDP | -14.6% |
| 2015 | 0.112 constant LCU per US$ of GDP | -9.5% |
| 2016 | 0.108 constant LCU per US$ of GDP | -3.6% |
| 2017 | 0.1103 constant LCU per US$ of GDP | +2.1% |
| 2018 | 0.1059 constant LCU per US$ of GDP | -3.9% |
| 2019 | 0.0959 constant LCU per US$ of GDP | -9.5% |
| 2020 | 0.093 constant LCU per US$ of GDP | -3.0% |
| 2021 | 0.1478 constant LCU per US$ of GDP | +59.0% |
| 2022 | 0.1232 constant LCU per US$ of GDP | -16.7% |
| 2023 | 0.1049 constant LCU per US$ of GDP | -14.8% |
| 2024 | 0.094 constant LCU per US$ of GDP | -10.4% |
Bahamas compared with similar countries
- Bahamas's 0.094 constant LCU per US$ of GDP is above the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 1.1× the median. (66 countries reporting)
- Bahamas's 0.094 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 30% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), per unit of GDP 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 |
|---|---|---|---|
| 2021 | +59.0% | 0.093 constant LCU per US$ of GDP | 0.1478 constant LCU per US$ of GDP |
| 1991 | +54.7% | 0.2865 constant LCU per US$ of GDP | 0.4432 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3053 constant LCU per US$ of GDP | 0.3053 constant LCU per US$ of GDP | 0.3053 constant LCU per US$ of GDP | 1 |
| 1990s | 0.2605 constant LCU per US$ of GDP | 0.1673 constant LCU per US$ of GDP | 0.4432 constant LCU per US$ of GDP | 10 |
| 2000s | 0.1516 constant LCU per US$ of GDP | 0.1344 constant LCU per US$ of GDP | 0.1753 constant LCU per US$ of GDP | 10 |
| 2010s | 0.12 constant LCU per US$ of GDP | 0.0959 constant LCU per US$ of GDP | 0.1451 constant LCU per US$ of GDP | 10 |
| 2020s | 0.1126 constant LCU per US$ of GDP | 0.093 constant LCU per US$ of GDP | 0.1478 constant LCU per US$ of GDP | 5 |
Countries ranked near Bahamas
- 132 Australia 0.0951 constant LCU per US$ of GDP compare
- 133 Finland 0.0947 constant LCU per US$ of GDP compare
- 134 Portugal 0.0944 constant LCU per US$ of GDP compare
- 136 El Salvador 0.0925 constant LCU per US$ of GDP compare
- 137 Cyprus 0.0907 constant LCU per US$ of GDP compare
- 138 Palau 0.0876 constant LCU per US$ of GDP 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Bahamas?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Bahamas was 0.094 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Bahamas?
- The highest recorded value was 0.4432 constant LCU per US$ of GDP in 1991.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Bahamas?
- The lowest recorded value was 0.093 constant LCU per US$ of GDP in 2020.
- How does Bahamas rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Bahamas ranks 135th out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Bahamas?
- Over the last ten years it is down 24.1%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.