Trade in services in Bahamas
Bahamas: Trade in services was 52.9% in 2024. ▼ Falling
Trade in services in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Bahamas stood at 52.9%.
That represents a change of up 9.9% on the previous year and up 32.2% over ten years.
Over the whole period, trade in services in Bahamas peaked at 102.1% in 1977 and was at its lowest, 25.5%, in 2020.
That places Bahamas 31st out of 200 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 49 years of available data.
Trade in services in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 89.9% | — |
| 1977 | 102.1% | +13.6% |
| 1978 | 93.7% | -8.2% |
| 1979 | 77.6% | -17.1% |
| 1980 | 75.6% | -2.6% |
| 1981 | 77.0% | +1.8% |
| 1982 | 72.2% | -6.2% |
| 1983 | 73.0% | +1.0% |
| 1984 | 63.1% | -13.5% |
| 1985 | 65.2% | +3.2% |
| 1986 | 66.6% | +2.2% |
| 1987 | 63.7% | -4.4% |
| 1988 | 62.7% | -1.5% |
| 1989 | 65.2% | +4.0% |
| 1990 | 65.5% | +0.4% |
| 1991 | 61.2% | -6.6% |
| 1992 | 61.3% | +0.2% |
| 1993 | 65.5% | +7.0% |
| 1994 | 65.6% | +0.1% |
| 1995 | 63.6% | -3.0% |
| 1996 | 63.6% | -0.1% |
| 1997 | 38.4% | -39.7% |
| 1998 | 36.9% | -3.7% |
| 1999 | 35.6% | -3.7% |
| 2000 | 37.1% | +4.3% |
| 2001 | 33.4% | -10.1% |
| 2002 | 34.7% | +3.8% |
| 2003 | 35.5% | +2.4% |
| 2004 | 38.4% | +8.2% |
| 2005 | 38.6% | +0.6% |
| 2006 | 39.8% | +3.1% |
| 2007 | 39.4% | -1.1% |
| 2008 | 37.4% | -5.0% |
| 2009 | 35.5% | -5.0% |
| 2010 | 36.4% | +2.4% |
| 2011 | 37.6% | +3.3% |
| 2012 | 39.4% | +4.9% |
| 2013 | 41.0% | +4.0% |
| 2014 | 40.0% | -2.6% |
| 2015 | 35.3% | -11.8% |
| 2016 | 44.1% | +25.0% |
| 2017 | 40.2% | -8.8% |
| 2018 | 46.1% | +14.7% |
| 2019 | 47.4% | +2.9% |
| 2020 | 25.5% | -46.2% |
| 2021 | 36.3% | +42.4% |
| 2022 | 47.3% | +30.2% |
| 2023 | 48.1% | +1.7% |
| 2024 | 52.9% | +9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 90.8% | 77.6% | 102.1% | 4 |
| 1980s | 68.4% | 62.7% | 77.0% | 10 |
| 1990s | 55.7% | 35.6% | 65.6% | 10 |
| 2000s | 37.0% | 33.4% | 39.8% | 10 |
| 2010s | 40.8% | 35.3% | 47.4% | 10 |
| 2020s | 42.0% | 25.5% | 52.9% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 5.15 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.643 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 25,369 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.23 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5311 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 20,956 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 4.63 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.7721 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is trade in services in Bahamas?
- Trade in services in Bahamas was 52.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Bahamas?
- The highest recorded value was 102.1% in 1977.
- What is the lowest trade in services recorded in Bahamas?
- The lowest recorded value was 25.5% in 2020.
- How does Bahamas rank for trade in services?
- Bahamas ranks 31st out of 200 countries with data for 2024.
- Is trade in services rising or falling in Bahamas?
- Over the last ten years it is up 32.2%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.