Current account balance in Bahamas
Bahamas: Current account balance was -1.05 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bahamas recorded -1.05 billion BoP, current US$ for current account balance in 2024.
The figure is up 1.5% on the previous year and up 44.2% over ten years.
Over the whole period, current account balance in Bahamas peaked at 68.10 million BoP, current US$ in 1976 and was at its lowest, -2.43 billion BoP, current US$, in 2021.
That places Bahamas 129th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.12 million BoP, current US$ | -42.90 million BoP, current US$ | 68.10 million BoP, current US$ | 4 |
| 1980s | -71.67 million BoP, current US$ | -139.90 million BoP, current US$ | 23.00 million BoP, current US$ | 10 |
| 1990s | -237.52 million BoP, current US$ | -995.40 million BoP, current US$ | 48.66 million BoP, current US$ | 10 |
| 2000s | -793.24 million BoP, current US$ | -1.40 billion BoP, current US$ | -307.12 million BoP, current US$ | 10 |
| 2010s | -1.19 billion BoP, current US$ | -1.89 billion BoP, current US$ | -345.48 million BoP, current US$ | 10 |
| 2020s | -1.61 billion BoP, current US$ | -2.43 billion BoP, current US$ | -1.05 billion BoP, current US$ | 5 |
Countries ranked near Bahamas
- 126 Bosnia and Herzegovina -1.02 billion BoP, current US$ compare
- 127 Mauritania -1.04 billion BoP, current US$ compare
- 128 Mauritius -1.05 billion BoP, current US$ compare
- 130 Zambia -1.12 billion BoP, current US$ compare
- 131 Mali -1.16 billion BoP, current US$ compare
- 132 Niger -1.20 billion BoP, current US$ compare
More economy & growth data for Bahamas
- Services, value added 12.22 billion current US$ (2024)
- Gross national expenditure 14.30 billion constant 2015 US$ (2024)
- Services, value added 12.22 billion current LCU (2024)
- Gross national expenditure 104.0% (2024)
- Exports of goods and services 5.98 billion current US$ (2024)
- Exports of goods and services 5.98 billion current LCU (2024)
- Exports of goods and services 4.81 billion constant 2015 US$ (2024)
- Exports of goods and services 6.2% (2024)
- Industry (including construction), value added 9.6% (2024)
- Gross fixed capital formation 20.7% (2024)
Frequently asked questions
- What is current account balance in Bahamas?
- Current account balance in Bahamas was -1.05 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Bahamas?
- The highest recorded value was 68.10 million BoP, current US$ in 1976.
- What is the lowest current account balance recorded in Bahamas?
- The lowest recorded value was -2.43 billion BoP, current US$ in 2021.
- How does Bahamas rank for current account balance?
- Bahamas ranks 129th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Bahamas?
- Over the last ten years it is up 44.2%. The long-run trend across the full record is volatile.
- 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 Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.