Travel services in Bahamas
Bahamas: Travel services was 11.0% in 2024. ▼ Falling
Travel services in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, travel services in Bahamas stood at 11.0%.
Compared with earlier readings it is up 12.7% on the previous year and down 10.5% over ten years.
Over the whole period, travel services in Bahamas peaked at 36.5% in 1991 and was at its lowest, 8.0%, in 2020.
Bahamas ranks 144th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 49 years of available data.
Travel services in Bahamas, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1976 | 31.9% | — |
| 1977 | 26.1% | -18.1% |
| 1978 | 31.0% | +18.6% |
| 1979 | 23.5% | -24.1% |
| 1980 | 26.8% | +13.9% |
| 1981 | 29.4% | +9.5% |
| 1982 | 30.1% | +2.6% |
| 1983 | 25.5% | -15.2% |
| 1984 | 29.6% | +15.7% |
| 1985 | 31.9% | +7.8% |
| 1986 | 31.6% | -0.8% |
| 1987 | 33.1% | +4.5% |
| 1988 | 34.9% | +5.7% |
| 1989 | 35.2% | +0.7% |
| 1990 | 34.3% | -2.6% |
| 1991 | 36.5% | +6.4% |
| 1992 | 36.3% | -0.5% |
| 1993 | 30.1% | -17.2% |
| 1994 | 30.8% | +2.5% |
| 1995 | 33.3% | +8.0% |
| 1996 | 32.8% | -1.6% |
| 1997 | 29.9% | -8.8% |
| 1998 | 25.8% | -13.6% |
| 1999 | 29.6% | +14.6% |
| 2000 | 25.4% | -14.0% |
| 2001 | 26.3% | +3.2% |
| 2002 | 24.0% | -8.6% |
| 2003 | 27.9% | +16.2% |
| 2004 | 25.6% | -8.1% |
| 2005 | 26.8% | +4.4% |
| 2006 | 23.9% | -10.6% |
| 2007 | 23.9% | -0.1% |
| 2008 | 21.7% | -9.2% |
| 2009 | 20.1% | -7.4% |
| 2010 | 19.3% | -4.2% |
| 2011 | 19.1% | -1.1% |
| 2012 | 18.6% | -2.5% |
| 2013 | 16.1% | -13.2% |
| 2014 | 12.2% | -24.1% |
| 2015 | 18.6% | +52.2% |
| 2016 | 17.9% | -3.8% |
| 2017 | 20.4% | +14.0% |
| 2018 | 18.4% | -9.8% |
| 2019 | 18.3% | -0.6% |
| 2020 | 8.0% | -56.6% |
| 2021 | 8.8% | +10.9% |
| 2022 | 8.6% | -2.1% |
| 2023 | 9.7% | +12.4% |
| 2024 | 11.0% | +12.7% |
Bahamas compared with similar countries
- Bahamas's 11.0% is below the median for high income countries, which is 21.1%, 52% of the median. (72 countries reporting)
- Bahamas's 11.0% is below the median for Latin America & Caribbean, which is 19.1%, 57% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.1% | 23.5% | 31.9% | 4 |
| 1980s | 30.8% | 25.5% | 35.2% | 10 |
| 1990s | 31.9% | 25.8% | 36.5% | 10 |
| 2000s | 24.6% | 20.1% | 27.9% | 10 |
| 2010s | 17.9% | 12.2% | 20.4% | 10 |
| 2020s | 9.2% | 8.0% | 11.0% | 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)
- 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 11.0% 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 36.5% in 1991.
- What is the lowest travel services recorded in Bahamas?
- The lowest recorded value was 8.0% in 2020.
- How does Bahamas rank for travel services?
- Bahamas ranks 144th out of 198 countries with data for 2024.
- Is travel services rising or falling in Bahamas?
- Over the last ten years it is down 10.5%. 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 Travel services (% of service imports, 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 imports which are services provided by non-residents to residents.