Terms of trade adjustment in Bahamas
Bahamas: Terms of trade adjustment was -297.96 million constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Bahamas, 1989–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Bahamas recorded -297.96 million constant LCU for terms of trade adjustment in 2024.
The figure is down 23.3% on the previous year and up 33.7% over ten years.
Over the whole period, terms of trade adjustment in Bahamas peaked at 1.50 billion constant LCU in 2002 and was at its lowest, -1.04 billion constant LCU, in 2012.
That places Bahamas 112th out of 178 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in Bahamas, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1989 | -684.60 million constant LCU | — |
| 1990 | -635.40 million constant LCU | -7.2% |
| 1991 | -646.92 million constant LCU | +1.8% |
| 1992 | -646.49 million constant LCU | -0.1% |
| 1993 | -712.37 million constant LCU | +10.2% |
| 1994 | -660.06 million constant LCU | -7.3% |
| 1995 | -789.21 million constant LCU | +19.6% |
| 1996 | -861.55 million constant LCU | +9.2% |
| 1997 | 646.73 million constant LCU | -175.1% |
| 1998 | 851.46 million constant LCU | +31.7% |
| 1999 | 1.29 billion constant LCU | +51.2% |
| 2000 | 1.31 billion constant LCU | +2.1% |
| 2001 | 924.78 million constant LCU | -29.6% |
| 2002 | 1.50 billion constant LCU | +61.7% |
| 2003 | 1.31 billion constant LCU | -12.1% |
| 2004 | 1.12 billion constant LCU | -14.5% |
| 2005 | 1.30 billion constant LCU | +15.7% |
| 2006 | 1.07 billion constant LCU | -17.4% |
| 2007 | 1.26 billion constant LCU | +17.5% |
| 2008 | 1.02 billion constant LCU | -19.3% |
| 2009 | 566.01 million constant LCU | -44.4% |
| 2010 | 482.86 million constant LCU | -14.7% |
| 2011 | 267.37 million constant LCU | -44.6% |
| 2012 | -1.04 billion constant LCU | -489.7% |
| 2013 | -863.78 million constant LCU | -17.1% |
| 2014 | -449.48 million constant LCU | -48.0% |
| 2015 | 69.37 million constant LCU | -115.4% |
| 2016 | 242.73 million constant LCU | +249.9% |
| 2017 | 158.41 million constant LCU | -34.7% |
| 2018 | 0 constant LCU | -100.0% |
| 2019 | 114.29 million constant LCU | — |
| 2020 | 37.67 million constant LCU | -67.0% |
| 2021 | -187.81 million constant LCU | -598.6% |
| 2022 | -675.50 million constant LCU | +259.7% |
| 2023 | -241.58 million constant LCU | -64.2% |
| 2024 | -297.96 million constant LCU | +23.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -684.60 million constant LCU | -684.60 million constant LCU | -684.60 million constant LCU | 1 |
| 1990s | -216.60 million constant LCU | -861.55 million constant LCU | 1.29 billion constant LCU | 10 |
| 2000s | 1.14 billion constant LCU | 566.01 million constant LCU | 1.50 billion constant LCU | 10 |
| 2010s | -102.00 million constant LCU | -1.04 billion constant LCU | 482.86 million constant LCU | 10 |
| 2020s | -273.04 million constant LCU | -675.50 million constant LCU | 37.67 million constant LCU | 5 |
Countries ranked near Bahamas
- 109 Bulgaria -68.12 million constant LCU compare
- 110 Papua New Guinea -140.73 million constant LCU compare
- 111 Bosnia and Herzegovina -180.02 million constant LCU compare
- 113 Kosovo -355.02 million constant LCU compare
- 114 United States Virgin Islands -599.72 million constant LCU compare
- 115 New Zealand -628.28 million constant LCU 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)
- 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)
- Services, value added (current US$), per capita 30,454 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 1.87 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 0.7719 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 30,454 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 2.04 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.6616 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is terms of trade adjustment in Bahamas?
- Terms of trade adjustment in Bahamas was -297.96 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Bahamas?
- The highest recorded value was 1.50 billion constant LCU in 2002.
- What is the lowest terms of trade adjustment recorded in Bahamas?
- The lowest recorded value was -1.04 billion constant LCU in 2012.
- How does Bahamas rank for terms of trade adjustment?
- Bahamas ranks 112th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Bahamas?
- Over the last ten years it is up 33.7%. The long-run trend across the full record is volatile.
- 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 Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. 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.