Taxes less subsidies on products in Bahamas
Bahamas: Taxes less subsidies on products was 1.49 billion constant LCU in 2024. ▲ Rising
Taxes less subsidies on products in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, taxes less subsidies on products in Bahamas stood at 1.49 billion constant LCU.
Compared with earlier readings it is down 7.1% on the previous year and up 7.9% over ten years.
Over the whole period, taxes less subsidies on products in Bahamas peaked at 1.78 billion constant LCU in 2021 and was at its lowest, 813.39 million constant LCU, in 1993.
That places Bahamas 148th out of 189 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Taxes less subsidies on products in Bahamas, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1989 | 934.75 million constant LCU | — |
| 1990 | 906.98 million constant LCU | -3.0% |
| 1991 | 1.38 billion constant LCU | +52.0% |
| 1992 | 848.80 million constant LCU | -38.4% |
| 1993 | 813.39 million constant LCU | -4.2% |
| 1994 | 874.87 million constant LCU | +7.6% |
| 1995 | 940.63 million constant LCU | +7.5% |
| 1996 | 1.02 billion constant LCU | +8.3% |
| 1997 | 1.09 billion constant LCU | +7.3% |
| 1998 | 1.19 billion constant LCU | +9.0% |
| 1999 | 1.29 billion constant LCU | +7.9% |
| 2000 | 1.39 billion constant LCU | +7.8% |
| 2001 | 1.46 billion constant LCU | +5.3% |
| 2002 | 1.36 billion constant LCU | -6.6% |
| 2003 | 1.38 billion constant LCU | +1.1% |
| 2004 | 1.34 billion constant LCU | -2.6% |
| 2005 | 1.32 billion constant LCU | -1.5% |
| 2006 | 1.52 billion constant LCU | +15.0% |
| 2007 | 1.54 billion constant LCU | +1.6% |
| 2008 | 1.53 billion constant LCU | -0.6% |
| 2009 | 1.37 billion constant LCU | -10.5% |
| 2010 | 1.27 billion constant LCU | -7.5% |
| 2011 | 1.35 billion constant LCU | +6.1% |
| 2012 | 1.49 billion constant LCU | +10.7% |
| 2013 | 1.52 billion constant LCU | +1.9% |
| 2014 | 1.38 billion constant LCU | -9.2% |
| 2015 | 1.33 billion constant LCU | -3.9% |
| 2016 | 1.28 billion constant LCU | -3.3% |
| 2017 | 1.37 billion constant LCU | +7.0% |
| 2018 | 1.36 billion constant LCU | -1.1% |
| 2019 | 1.27 billion constant LCU | -6.2% |
| 2020 | 963.60 million constant LCU | -24.3% |
| 2021 | 1.78 billion constant LCU | +84.6% |
| 2022 | 1.71 billion constant LCU | -3.8% |
| 2023 | 1.60 billion constant LCU | -6.4% |
| 2024 | 1.49 billion constant LCU | -7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 934.75 million constant LCU | 934.75 million constant LCU | 934.75 million constant LCU | 1 |
| 1990s | 1.04 billion constant LCU | 813.39 million constant LCU | 1.38 billion constant LCU | 10 |
| 2000s | 1.42 billion constant LCU | 1.32 billion constant LCU | 1.54 billion constant LCU | 10 |
| 2010s | 1.36 billion constant LCU | 1.27 billion constant LCU | 1.52 billion constant LCU | 10 |
| 2020s | 1.51 billion constant LCU | 963.60 million constant LCU | 1.78 billion constant LCU | 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)
- Gross capital formation (constant 2015 US$), annual growth rate 19.77 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2364 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 9,326 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 10.96 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.4146 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 16,358 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 10.96 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.4146 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products in Bahamas?
- Taxes less subsidies on products in Bahamas was 1.49 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Bahamas?
- The highest recorded value was 1.78 billion constant LCU in 2021.
- What is the lowest taxes less subsidies on products recorded in Bahamas?
- The lowest recorded value was 813.39 million constant LCU in 1993.
- How does Bahamas rank for taxes less subsidies on products?
- Bahamas ranks 148th out of 189 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Bahamas?
- Over the last ten years it is up 7.9%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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 varies by country. This series is expressed in local currency units.