Services, value added in Bahamas
Bahamas: Services, value added was 77.2% in 2024. ▲ Rising
Services, value added in Bahamas, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Bahamas is 77.2%, measured in 2024.
The figure is down 1.7% on the previous year and down 1.5% over ten years.
Over the whole period, services, value added in Bahamas peaked at 82.4% in 2009 and was at its lowest, 66.6%, in 1992.
That places Bahamas 13th out of 205 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 40 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 72.2% | 68.5% | 73.4% | 5 |
| 1990s | 71.2% | 66.6% | 80.1% | 10 |
| 2000s | 81.2% | 77.7% | 82.4% | 10 |
| 2010s | 77.3% | 74.4% | 81.1% | 10 |
| 2020s | 77.9% | 76.5% | 80.3% | 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 services, value added in Bahamas?
- Services, value added in Bahamas was 77.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Bahamas?
- The highest recorded value was 82.4% in 2009.
- What is the lowest services, value added recorded in Bahamas?
- The lowest recorded value was 66.6% in 1992.
- How does Bahamas rank for services, value added?
- Bahamas ranks 13th out of 205 countries with data for 2024.
- Is services, value added rising or falling in Bahamas?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.