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Bahamas, The — GDP growth
GDP Growth (Annual %) for Bahamas, The, 1961–2024.
Latest value · 2024
3.38%
GDP Growth (Annual %) · annual % · -68.3% since 1961
GDP growth for Bahamas, The was 3.38% in 2024, according to the latest World Bank data. The series covers 64 years, from 1961 to 2024. The highest recorded value was 26.14% in 1979. The lowest was -20.09% in 2020 (about -5.9× the latest value). Across that span the compound annual growth rate works out to -1.81% per year.
Bahamas, The ranks 105 of 212 economies on this measure (1 = highest), putting it in the top 50%. The median for Latin America & Caribbean is 3.38%, so Bahamas, The sits level with it. It peaked in 1979 and has fallen 87% since. Over the last decade (2014–2024) the figure moved up 83%.
Key figures
Latest (2024)
3.38%
First (1961)
10.67%
Change
-68.3%
Highest
26.14%
in 1979
Lowest
-20.09%
in 2020
Average
3.17%
Annual growth (CAGR)
-1.81%
Years of data
64
Recent years
| Year | annual % |
|---|---|
| 2024 | 3.38% |
| 2023 | 3.05% |
| 2022 | 10.88% |
| 2021 | 17.59% |
| 2020 | -20.09% |
| 2019 | -0.84% |
| 2018 | 2.4% |
| 2017 | 3.37% |
| 2016 | -1.16% |
| 2015 | 1% |
| 2014 | 1.85% |
| 2013 | -2.86% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.