External balance on goods and services in Bahamas
Bahamas: External balance on goods and services was -581.90 million current LCU in 2024. ◆ Volatile
External balance on goods and services in Bahamas, 1977–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for external balance on goods and services in Bahamas is -581.90 million current LCU, measured in 2024.
That represents a change of down 311.2% on the previous year and up 10.1% over ten years.
Over the whole period, external balance on goods and services in Bahamas peaked at 235.00 million current LCU in 2015 and was at its lowest, -1.36 billion current LCU, in 2011.
That places Bahamas 90th out of 192 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 | 114.20 million current LCU | 98.80 million current LCU | 126.10 million current LCU | 3 |
| 1980s | 94.22 million current LCU | -102.19 million current LCU | 149.80 million current LCU | 9 |
| 1990s | -198.18 million current LCU | -574.80 million current LCU | 17.73 million current LCU | 10 |
| 2000s | -440.19 million current LCU | -1.11 billion current LCU | 184.10 million current LCU | 10 |
| 2010s | -485.98 million current LCU | -1.36 billion current LCU | 235.00 million current LCU | 10 |
| 2020s | -573.92 million current LCU | -1.20 billion current LCU | -141.50 million current LCU | 5 |
Countries ranked near Bahamas
- 87 United States Virgin Islands -509.00 million current LCU compare
- 88 Northern Mariana Islands -533.00 million current LCU compare
- 89 Samoa -551.78 million current LCU compare
- 91 Tonga -673.00 million current LCU compare
- 92 Bulgaria -1.20 billion current LCU compare
- 93 Fiji -1.37 billion current LCU compare
More economy & growth data for Bahamas
- Exports of goods and services 6.2% (2024)
- Gross national expenditure 16.47 billion current LCU (2024)
- Gross national expenditure 14.30 billion constant 2015 US$ (2024)
- Services, value added 12.22 billion current US$ (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)
- Gross fixed capital formation 3.59 billion constant 2015 US$ (2024)
- Gross fixed capital formation 4.08 billion current LCU (2024)
Frequently asked questions
- What is external balance on goods and services in Bahamas?
- External balance on goods and services in Bahamas was -581.90 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Bahamas?
- The highest recorded value was 235.00 million current LCU in 2015.
- What is the lowest external balance on goods and services recorded in Bahamas?
- The lowest recorded value was -1.36 billion current LCU in 2011.
- How does Bahamas rank for external balance on goods and services?
- Bahamas ranks 90th out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Bahamas?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.