External balance on goods and services in Bahamas
Bahamas: External balance on goods and services was -581.90 million current US$ 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 US$.
Analysis
The most recent figure for external balance on goods and services in Bahamas is -581.90 million current US$, measured in 2024.
Compared with earlier readings it is 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 US$ in 2015 and was at its lowest, -1.36 billion current US$, in 2011.
That places Bahamas 108th out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 114.20 million current US$ | 98.80 million current US$ | 126.10 million current US$ | 3 |
| 1980s | 94.22 million current US$ | -102.19 million current US$ | 149.80 million current US$ | 9 |
| 1990s | -198.18 million current US$ | -574.80 million current US$ | 17.73 million current US$ | 10 |
| 2000s | -440.19 million current US$ | -1.11 billion current US$ | 184.10 million current US$ | 10 |
| 2010s | -485.98 million current US$ | -1.36 billion current US$ | 235.00 million current US$ | 10 |
| 2020s | -573.92 million current US$ | -1.20 billion current US$ | -141.50 million current US$ | 5 |
Countries ranked near Bahamas
- 105 Northern Mariana Islands -533.00 million current US$ compare
- 106 Sierra Leone -545.92 million current US$ compare
- 107 Bhutan -547.93 million current US$ compare
- 109 Fiji -605.83 million current US$ compare
- 110 Benin -739.95 million current US$ compare
- 111 Iceland -872.02 million current US$ 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 US$ 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 US$ in 2015.
- What is the lowest external balance on goods and services recorded in Bahamas?
- The lowest recorded value was -1.36 billion current US$ in 2011.
- How does Bahamas rank for external balance on goods and services?
- Bahamas ranks 108th 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 US$). 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 indicator is expressed in United States dollars.