Gross value added at basic prices (GVA) in Bahamas
Bahamas: Gross value added at basic prices (GVA) was 13.83 billion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Bahamas, 1979–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Bahamas stood at 13.83 billion current LCU. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 34.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Bahamas peaked at 13.83 billion current LCU in 2024 and was at its lowest, 1.01 billion current LCU, in 1979.
That places Bahamas 172nd out of 206 countries with data for 2024, putting it in the bottom quarter.
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 | 1.01 billion current LCU | 1.01 billion current LCU | 1.01 billion current LCU | 1 |
| 1980s | 1.82 billion current LCU | 1.19 billion current LCU | 2.63 billion current LCU | 9 |
| 1990s | 3.86 billion current LCU | 2.63 billion current LCU | 7.15 billion current LCU | 10 |
| 2000s | 8.77 billion current LCU | 7.37 billion current LCU | 9.81 billion current LCU | 10 |
| 2010s | 10.39 billion current LCU | 9.37 billion current LCU | 11.67 billion current LCU | 10 |
| 2020s | 11.99 billion current LCU | 9.26 billion current LCU | 13.83 billion current LCU | 5 |
Countries ranked near Bahamas
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)
- Industry (including construction), value added 9.6% (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 gross value added at basic prices (gva) in Bahamas?
- Gross value added at basic prices (gva) in Bahamas was 13.83 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Bahamas?
- The highest recorded value was 13.83 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Bahamas?
- The lowest recorded value was 1.01 billion current LCU in 1979.
- How does Bahamas rank for gross value added at basic prices (gva)?
- Bahamas ranks 172nd out of 206 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Bahamas?
- Over the last ten years it is up 34.3%. 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 Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.