Bahamas, The — GDP growth
GDP Growth (Annual %) for Bahamas, The, 1961–2024.
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%. Within Latin America & Caribbean it ranks 20 of 40 economies; Dominica (3.05%) is just below it. Its sharpest one-year move was down 2296% in 2020. That is 74% above this series' own ten-year average.
Data highlights
From its 1961 level: doubled by 1979.
World ranking. Slipped: 12th of 107 in 1961 → 118th of 119 in 1970 → 40th of 152 in 1980 → 141st of 176 in 1990 → 100th of 199 in 2000 → 158th of 209 in 2010 → 199th of 209 in 2020 → 101st of 200 in 2024.
Key figures
Full history — 1961 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 3.38% | +0.3 pp |
| 2023 | 3.05% | -7.8 pp |
| 2022 | 10.88% | -6.7 pp |
| 2021 | 17.59% | +37.7 pp |
| 2020 | -20.09% | -19.3 pp |
| 2019 | -0.84% | -3.2 pp |
| 2018 | 2.4% | -1.0 pp |
| 2017 | 3.37% | +4.5 pp |
| 2016 | -1.16% | -2.2 pp |
| 2015 | 1% | -0.8 pp |
| 2014 | 1.85% | +4.7 pp |
| 2013 | -2.86% | -7.4 pp |
| 2012 | 4.52% | +3.9 pp |
| 2011 | 0.61% | -0.9 pp |
| 2010 | 1.54% | +5.7 pp |
| 2009 | -4.18% | -1.9 pp |
| 2008 | -2.32% | -3.8 pp |
| 2007 | 1.45% | -1.1 pp |
| 2006 | 2.52% | -0.9 pp |
| 2005 | 3.4% | +2.5 pp |
| 2004 | 0.88% | +2.1 pp |
| 2003 | -1.26% | -4.0 pp |
| 2002 | 2.7% | +0.1 pp |
| 2001 | 2.63% | -1.5 pp |
| 2000 | 4.15% | -3.0 pp |
| 1999 | 7.14% | +2.4 pp |
| 1998 | 4.72% | +3.4 pp |
| 1997 | 1.29% | -2.9 pp |
| 1996 | 4.22% | -0.2 pp |
| 1995 | 4.38% | +1.2 pp |
| 1994 | 3.15% | +2.8 pp |
| 1993 | 0.31% | +4.1 pp |
| 1992 | -3.83% | +0.4 pp |
| 1991 | -4.18% | -2.6 pp |
| 1990 | -1.6% | -8.3 pp |
| 1989 | 6.73% | +4.4 pp |
| 1988 | 2.31% | -0.7 pp |
| 1987 | 2.98% | +1.2 pp |
| 1986 | 1.8% | -3.0 pp |
| 1985 | 4.83% | -9.3 pp |
| 1984 | 14.17% | +10.6 pp |
| 1983 | 3.6% | -3.1 pp |
| 1982 | 6.7% | +15.9 pp |
| 1981 | -9.23% | -15.7 pp |
| 1980 | 6.5% | -19.6 pp |
| 1979 | 26.14% | +12.0 pp |
| 1978 | 14.18% | +5.0 pp |
| 1977 | 9.15% | +4.0 pp |
| 1976 | 5.19% | +20.0 pp |
| 1975 | -14.8% | +2.0 pp |
| 1974 | -16.75% | -24.3 pp |
| 1973 | 7.57% | +11.1 pp |
| 1972 | -3.5% | -5.1 pp |
| 1971 | 1.63% | +7.3 pp |
| 1970 | -5.65% | -14.6 pp |
| 1969 | 8.98% | +0.6 pp |
| 1968 | 8.42% | -1.2 pp |
| 1967 | 9.6% | +0.5 pp |
| 1966 | 9.07% | -1.4 pp |
| 1965 | 10.43% | -0.1 pp |
| 1964 | 10.5% | -0.0 pp |
| 1963 | 10.52% | +0.1 pp |
| 1962 | 10.45% | -0.2 pp |
| 1961 | 10.67% | — |
Frequently asked questions
What was Bahamas, The’s GDP growth in 1962?
10.45% (1962). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Bahamas, The’s GDP growth growing or shrinking?
Between 1961 and 2024 the series was shrinking overall: -68.3% in total — about 1.8% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 3.38%; 2023: 3.05%; 2022: 10.88%; 2021: 17.59%; 2020: -20.09%. Earlier years are in the full-history table below.
Related data
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.