Transport services in Bahamas
Bahamas: Transport services was 1.4% in 2024. ▼ Falling
Transport services in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Bahamas recorded 1.4% for transport services in 2024. That is the lowest value across all 49 years on record.
The figure is down 24.2% on the previous year and down 69.1% over ten years.
Over the whole period, transport services in Bahamas peaked at 5.3% in 2011 and was at its lowest, 1.4%, in 2024.
Bahamas ranks 192nd of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 49 years of available data.
Transport services in Bahamas, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 3.9% | — |
| 1977 | 3.4% | -11.9% |
| 1978 | 3.7% | +8.0% |
| 1979 | 3.5% | -5.9% |
| 1980 | 4.2% | +19.5% |
| 1981 | 3.9% | -7.1% |
| 1982 | 3.6% | -8.6% |
| 1983 | 3.6% | +0.5% |
| 1984 | 3.6% | +0.2% |
| 1985 | 3.4% | -3.8% |
| 1986 | 3.5% | +2.4% |
| 1987 | 3.1% | -13.0% |
| 1988 | 2.8% | -8.4% |
| 1989 | 2.5% | -9.9% |
| 1990 | 3.2% | +27.5% |
| 1991 | 3.0% | -8.0% |
| 1992 | 2.6% | -10.8% |
| 1993 | 1.9% | -29.6% |
| 1994 | 3.0% | +61.9% |
| 1995 | 3.4% | +13.0% |
| 1996 | 2.6% | -23.5% |
| 1997 | 3.3% | +26.7% |
| 1998 | 3.8% | +14.0% |
| 1999 | 3.3% | -11.6% |
| 2000 | 2.8% | -17.3% |
| 2001 | 2.8% | +0.7% |
| 2002 | 2.8% | +0.5% |
| 2003 | 2.8% | -1.1% |
| 2004 | 2.5% | -10.7% |
| 2005 | 2.2% | -10.1% |
| 2006 | 2.4% | +6.4% |
| 2007 | 2.2% | -6.1% |
| 2008 | 2.1% | -6.0% |
| 2009 | 3.4% | +62.0% |
| 2010 | 4.7% | +40.7% |
| 2011 | 5.3% | +11.2% |
| 2012 | 4.6% | -12.9% |
| 2013 | 4.8% | +3.8% |
| 2014 | 4.5% | -5.9% |
| 2015 | 3.7% | -16.5% |
| 2016 | 2.4% | -36.0% |
| 2017 | 2.5% | +4.2% |
| 2018 | 1.9% | -25.5% |
| 2019 | 1.8% | -1.7% |
| 2020 | 3.5% | +91.6% |
| 2021 | 3.3% | -6.9% |
| 2022 | 2.3% | -29.8% |
| 2023 | 1.8% | -20.2% |
| 2024 | 1.4% | -24.2% |
Bahamas compared with similar countries
- Bahamas's 1.4% is below the median for high income countries, which is 14.7%, 9% of the median. (72 countries reporting)
- Bahamas's 1.4% is below the median for Latin America & Caribbean, which is 7.4%, 19% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Transport services 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 |
|---|---|---|---|
| 2020 | +91.6% | 1.8% | 3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | 3.4% | 3.9% | 4 |
| 1980s | 3.4% | 2.5% | 4.2% | 10 |
| 1990s | 3.0% | 1.9% | 3.8% | 10 |
| 2000s | 2.6% | 2.1% | 3.4% | 10 |
| 2010s | 3.6% | 1.8% | 5.3% | 10 |
| 2020s | 2.5% | 1.4% | 3.5% | 5 |
Countries ranked near Bahamas
- 189 Libya 1.7% compare
- 190 Macau, China 1.7% compare
- 191 Guinea 1.6% compare
- 193 Saint Lucia 1.3% compare
- 194 Andorra 1.3% compare
- 195 Sao Tome and Principe 1.1% 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 transport services in Bahamas?
- Transport services in Bahamas was 1.4% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Bahamas?
- The highest recorded value was 5.3% in 2011.
- What is the lowest transport services recorded in Bahamas?
- The lowest recorded value was 1.4% in 2024.
- How does Bahamas rank for transport services?
- Bahamas ranks 192nd out of 198 countries with data for 2024.
- Is transport services rising or falling in Bahamas?
- Over the last ten years it is down 69.1%. 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 Transport services (% of service exports, BoP). 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
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.