Taxes less subsidies on products (current US$), per unit of GDP in Bahamas
Bahamas: Taxes less subsidies on products (current US$), per unit of GDP was 0.1233 current US$ per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (current US$), per unit of GDP in Bahamas, 1979–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current us$), per unit of gdp in Bahamas is 0.1233 current US$ per US$ of GDP, measured in 2024.
That represents a change of down 3.4% on the previous year and up 93.7% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Bahamas peaked at 0.1538 current US$ per US$ of GDP in 1996 and was at its lowest, 0.0637 current US$ per US$ of GDP, in 2014.
Bahamas ranks 45th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 45 years of available data.
Taxes less subsidies on products (current US$), per unit of GDP in Bahamas, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1979 | 0.1105 current US$ per US$ of GDP | — |
| 1980 | 0.1098 current US$ per US$ of GDP | -0.6% |
| 1981 | 0.107 current US$ per US$ of GDP | -2.6% |
| 1982 | 0.0995 current US$ per US$ of GDP | -7.0% |
| 1983 | 0.1033 current US$ per US$ of GDP | +3.8% |
| 1984 | 0.1244 current US$ per US$ of GDP | +20.5% |
| 1985 | 0.1306 current US$ per US$ of GDP | +5.0% |
| 1986 | 0.1306 current US$ per US$ of GDP | -0.0% |
| 1987 | 0.1236 current US$ per US$ of GDP | -5.3% |
| 1989 | 0.1414 current US$ per US$ of GDP | +14.4% |
| 1990 | 0.1343 current US$ per US$ of GDP | -5.0% |
| 1991 | 0.1462 current US$ per US$ of GDP | +8.8% |
| 1992 | 0.1531 current US$ per US$ of GDP | +4.7% |
| 1993 | 0.1327 current US$ per US$ of GDP | -13.3% |
| 1994 | 0.1528 current US$ per US$ of GDP | +15.1% |
| 1995 | 0.1527 current US$ per US$ of GDP | -0.1% |
| 1996 | 0.1538 current US$ per US$ of GDP | +0.8% |
| 1997 | 0.0969 current US$ per US$ of GDP | -37.0% |
| 1998 | 0.0971 current US$ per US$ of GDP | +0.1% |
| 1999 | 0.0931 current US$ per US$ of GDP | -4.1% |
| 2000 | 0.0967 current US$ per US$ of GDP | +3.8% |
| 2001 | 0.095 current US$ per US$ of GDP | -1.7% |
| 2002 | 0.0847 current US$ per US$ of GDP | -10.9% |
| 2003 | 0.0875 current US$ per US$ of GDP | +3.3% |
| 2004 | 0.0849 current US$ per US$ of GDP | -3.0% |
| 2005 | 0.0795 current US$ per US$ of GDP | -6.3% |
| 2006 | 0.0903 current US$ per US$ of GDP | +13.6% |
| 2007 | 0.0929 current US$ per US$ of GDP | +2.8% |
| 2008 | 0.0988 current US$ per US$ of GDP | +6.3% |
| 2009 | 0.0875 current US$ per US$ of GDP | -11.3% |
| 2010 | 0.0836 current US$ per US$ of GDP | -4.5% |
| 2011 | 0.0953 current US$ per US$ of GDP | +14.1% |
| 2012 | 0.0895 current US$ per US$ of GDP | -6.1% |
| 2013 | 0.0652 current US$ per US$ of GDP | -27.1% |
| 2014 | 0.0637 current US$ per US$ of GDP | -2.4% |
| 2015 | 0.0955 current US$ per US$ of GDP | +50.0% |
| 2016 | 0.1004 current US$ per US$ of GDP | +5.1% |
| 2017 | 0.1043 current US$ per US$ of GDP | +3.9% |
| 2018 | 0.1059 current US$ per US$ of GDP | +1.5% |
| 2019 | 0.1251 current US$ per US$ of GDP | +18.2% |
| 2020 | 0.0952 current US$ per US$ of GDP | -23.9% |
| 2021 | 0.1204 current US$ per US$ of GDP | +26.5% |
| 2022 | 0.1231 current US$ per US$ of GDP | +2.3% |
| 2023 | 0.1277 current US$ per US$ of GDP | +3.7% |
| 2024 | 0.1233 current US$ per US$ of GDP | -3.4% |
Bahamas compared with similar countries
- Bahamas's 0.1233 current US$ per US$ of GDP is above the median for high income countries, which is 0.0948 current US$ per US$ of GDP, 1.3× the median. (74 countries reporting)
- Bahamas's 0.1233 current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.097 current US$ per US$ of GDP, 1.3× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$), per unit of GDP in Bahamas changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +50.0% | 0.0637 current US$ per US$ of GDP | 0.0955 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1105 current US$ per US$ of GDP | 0.1105 current US$ per US$ of GDP | 0.1105 current US$ per US$ of GDP | 1 |
| 1980s | 0.1189 current US$ per US$ of GDP | 0.0995 current US$ per US$ of GDP | 0.1414 current US$ per US$ of GDP | 9 |
| 1990s | 0.1313 current US$ per US$ of GDP | 0.0931 current US$ per US$ of GDP | 0.1538 current US$ per US$ of GDP | 10 |
| 2000s | 0.0898 current US$ per US$ of GDP | 0.0795 current US$ per US$ of GDP | 0.0988 current US$ per US$ of GDP | 10 |
| 2010s | 0.0929 current US$ per US$ of GDP | 0.0637 current US$ per US$ of GDP | 0.1251 current US$ per US$ of GDP | 10 |
| 2020s | 0.1179 current US$ per US$ of GDP | 0.0952 current US$ per US$ of GDP | 0.1277 current US$ per US$ of GDP | 5 |
Countries ranked near Bahamas
- 42 Lesotho 0.1275 current US$ per US$ of GDP compare
- 43 Saint Kitts and Nevis 0.1273 current US$ per US$ of GDP compare
- 44 Palau 0.1248 current US$ per US$ of GDP compare
- 46 Georgia 0.1228 current US$ per US$ of GDP compare
- 47 El Salvador 0.1224 current US$ per US$ of GDP compare
- 48 Nepal 0.1202 current US$ 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$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Bahamas?
- Taxes less subsidies on products (current us$), per unit of gdp in Bahamas was 0.1233 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Bahamas?
- The highest recorded value was 0.1538 current US$ per US$ of GDP in 1996.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Bahamas?
- The lowest recorded value was 0.0637 current US$ per US$ of GDP in 2014.
- How does Bahamas rank for taxes less subsidies on products (current us$), per unit of gdp?
- Bahamas ranks 45th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Bahamas?
- Over the last ten years it is up 93.7%. 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 (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.