Travel services in Bahamas
Bahamas: Travel services was 93.9% in 2024. ▬ Flat
Travel 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
The most recent figure for travel services in Bahamas is 93.9%, measured in 2024. That is the highest value across all 49 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 10.5% over ten years.
Over the whole period, travel services in Bahamas peaked at 93.9% in 2024 and was at its lowest, 77.0%, in 2020.
That places Bahamas 3rd out of 198 countries with data for 2024, putting it in the top 10%.
Travel services in Bahamas, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 83.7% | — |
| 1977 | 79.4% | -5.1% |
| 1978 | 84.8% | +6.9% |
| 1979 | 85.5% | +0.8% |
| 1980 | 79.8% | -6.6% |
| 1981 | 81.2% | +1.7% |
| 1982 | 82.0% | +1.0% |
| 1983 | 86.0% | +4.9% |
| 1984 | 85.6% | -0.5% |
| 1985 | 88.3% | +3.1% |
| 1986 | 89.5% | +1.4% |
| 1987 | 90.1% | +0.7% |
| 1988 | 89.7% | -0.4% |
| 1989 | 88.4% | -1.5% |
| 1990 | 88.3% | -0.1% |
| 1991 | 87.6% | -0.8% |
| 1992 | 89.1% | +1.7% |
| 1993 | 88.9% | -0.2% |
| 1994 | 87.9% | -1.1% |
| 1995 | 87.3% | -0.7% |
| 1996 | 88.6% | +1.5% |
| 1997 | 88.9% | +0.4% |
| 1998 | 88.3% | -0.6% |
| 1999 | 87.9% | -0.5% |
| 2000 | 88.1% | +0.2% |
| 2001 | 91.3% | +3.7% |
| 2002 | 85.4% | -6.5% |
| 2003 | 85.5% | +0.2% |
| 2004 | 84.0% | -1.8% |
| 2005 | 82.5% | -1.8% |
| 2006 | 84.4% | +2.4% |
| 2007 | 84.1% | -0.3% |
| 2008 | 84.6% | +0.5% |
| 2009 | 85.7% | +1.3% |
| 2010 | 86.1% | +0.5% |
| 2011 | 85.9% | -0.2% |
| 2012 | 85.9% | -0.0% |
| 2013 | 85.5% | -0.4% |
| 2014 | 85.0% | -0.6% |
| 2015 | 87.6% | +3.1% |
| 2016 | 90.4% | +3.2% |
| 2017 | 91.8% | +1.5% |
| 2018 | 90.7% | -1.2% |
| 2019 | 92.3% | +1.8% |
| 2020 | 77.0% | -16.6% |
| 2021 | 86.3% | +12.1% |
| 2022 | 91.6% | +6.1% |
| 2023 | 92.4% | +0.9% |
| 2024 | 93.9% | +1.7% |
Bahamas compared with similar countries
- Bahamas's 93.9% is above the median for high income countries, which is 26.8%, 3.5× the median. (72 countries reporting)
- Bahamas's 93.9% is above the median for Latin America & Caribbean, which is 54.7%, 1.7× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 83.3% | 79.4% | 85.5% | 4 |
| 1980s | 86.0% | 79.8% | 90.1% | 10 |
| 1990s | 88.3% | 87.3% | 89.1% | 10 |
| 2000s | 85.6% | 82.5% | 91.3% | 10 |
| 2010s | 88.1% | 85.0% | 92.3% | 10 |
| 2020s | 88.2% | 77.0% | 93.9% | 5 |
Countries ranked near Bahamas
- 1 Turks and Caicos Islands 95.9% compare
- 2 Maldives 95.1% compare
- 4 Saint Lucia 93.3% compare
- 5 Gambia 89.8% compare
- 6 Macau, China 89.4% 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 travel services in Bahamas?
- Travel services in Bahamas was 93.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Bahamas?
- The highest recorded value was 93.9% in 2024.
- What is the lowest travel services recorded in Bahamas?
- The lowest recorded value was 77.0% in 2020.
- How does Bahamas rank for travel services?
- Bahamas ranks 3rd out of 198 countries with data for 2024.
- Is travel services rising or falling in Bahamas?
- Over the last ten years it is up 10.5%. The long-run trend across the full record is flat.
- 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 Travel 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
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.