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Services share of GDP — all countries

Services share of GDP — Bahamas

Services share of GDP in the Bahamas in 2024 — 77.2%. Ranked 10 in the world out of 189. Since 1984, the indicator has risen by 3.8 pp.

2024 77.2% −1.4 pp vs 2023
World rank 10of 189
Period maximum 82.4%2009
Period minimum 66.6%1992

Trend over time

1984–2024 · % of GDP

Services share of GDP — Bahamas, 1984–20246570758085198419881992199620002004200820122016202020241984: 73.4%1985: 73%1986: 73%1987: 73.1%1989: 68.5%1990: 70.2%1991: 66.8%1992: 66.6%1993: 71.2%1994: 67.5%1995: 68.1%1996: 67.9%1997: 76.9%1998: 76.9%1999: 80.1%2000: 77.7%2001: 82.4%2002: 81%2003: 81.5%2004: 82.3%2005: 82.2%2006: 79%2007: 82.1%2008: 81.2%2009: 82.4%2010: 81.1%2011: 79.9%2012: 76.9%2013: 79%2014: 78.4%2015: 76.8%2016: 76.5%2017: 75%2018: 75.1%2019: 74.4%2020: 76.5%2021: 77.2%2022: 80.3%2023: 78.6%2024: 77.2%
Change over the period: +3.8 pp Annual average: 0.09 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Bahamas

Bahamas 77.2%
World 63.3%
Latin America & Caribbean 67.7%
High-income countries computed 65.7%
Services share of GDP — Bahamas, by year Bahamas All countries CSV XLSX
Year % Change, pp
2024 77.2 −1.4 pp
2023 78.6 −1.8 pp
2022 80.3 +3.1 pp
2021 77.2 +0.7 pp
2020 76.5 +2.1 pp
2019 74.4 −0.8 pp
2018 75.1 +0.2 pp
2017 75 −1.5 pp
2016 76.5 −0.3 pp
2015 76.8 −1.6 pp
2014 78.4 −0.6 pp
2013 79 +2.1 pp
2012 76.9 −2.9 pp
2011 79.9 −1.3 pp
2010 81.1 −1.3 pp
2009 82.4 +1.2 pp
2008 81.2 −0.9 pp
2007 82.1 +3.1 pp
2006 79 −3.2 pp
2005 82.2 −0.1 pp
2004 82.3 +0.8 pp
2003 81.5 +0.5 pp
2002 81 −1.4 pp
2001 82.4 +4.7 pp
2000 77.7 −2.4 pp
1999 80.1 +3.2 pp
1998 76.9 +0.1 pp
1997 76.9 +8.9 pp
1996 67.9 −0.2 pp
1995 68.1 +0.7 pp
1994 67.5 −3.7 pp
1993 71.2 +4.6 pp
1992 66.6 −0.2 pp
1991 66.8 −3.3 pp
1990 70.2 +1.7 pp
1989 68.5 —
1987 73.1 +0.2 pp
1986 73 −0 pp
1985 73 −0.4 pp
1984 73.4 —

Caribbean, 2024

The same indicator for neighboring countries — with links to their pages

KY Cayman Islands 86.5 BS Bahamas 77.2 BB Barbados 75.8 LC Saint Lucia 74.8 CU Cuba 73.4 TC Turks and Caicos Islands 72.6 CW Curaçao 72.3 AG Antigua and Barbuda 70 VC Saint Vincent and the Grenadines 66.4 KN Saint Kitts and Nevis 66.1 GD Grenada 65.9 JM Jamaica 60 DO Dominican Republic 59.8 TT Trinidad and Tobago 59.2 DM Dominica 56.9 HT Haiti 52.7 PR Puerto Rico 51.8
Full table for all countries

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for the Bahamas

Economy Services value added

How much the service sector creates — trade, transport, finance, health care, education.

Bahamas by year Economy Industry share of GDP

The contribution of industry and construction to the value added of the economy.

Bahamas by year Labor Employment in services

The share of workers employed in trade, transport, finance, IT and the public sector.

Bahamas by year
All indicators for the Bahamas