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Services value added — all countries

Services value added — Bahamas

Services value added in the Bahamas in 2024 — 12,220,700,000 US$. Ranked 116 in the world out of 188. Since 1984, the indicator has risen by 715.4%.

2024 12.22B US$ +1.87% vs 2023
World rank 116of 188
Period maximum 12.22B US$2024
Period minimum 1.5B US$1984

Trend over time

1984–2024 · US$

Services value added — Bahamas, 1984–202405B10B15B198419881992199620002004200820122016202020241984: 1,498,800,000 US$1985: 1,693,799,900 US$1986: 1,803,900,000 US$1987: 1,984,400,000 US$1989: 2,096,935,000 US$1990: 2,221,108,000 US$1991: 2,079,766,000 US$1992: 2,070,852,000 US$1993: 2,200,726,000 US$1994: 2,198,642,000 US$1995: 2,336,362,000 US$1996: 2,451,733,000 US$1997: 4,867,900,000 US$1998: 5,257,700,000 US$1999: 6,158,000,000 US$2000: 6,275,300,000 US$2001: 6,852,000,000 US$2002: 7,191,300,000 US$2003: 7,228,800,000 US$2004: 7,454,900,000 US$2005: 8,084,900,000 US$2006: 8,027,100,000 US$2007: 8,715,500,000 US$2008: 8,547,300,000 US$2009: 8,224,400,000 US$2010: 8,191,500,000 US$2011: 8,042,500,000 US$2012: 8,248,400,000 US$2013: 8,279,700,000 US$2014: 8,732,400,000 US$2015: 9,095,700,000 US$2016: 9,087,700,000 US$2017: 9,330,200,000 US$2018: 9,632,200,000 US$2019: 9,874,000,000 US$2020: 7,924,300,000 US$2021: 9,289,800,000 US$2022: 11,160,500,000 US$2023: 11,996,900,000 US$2024: 12,220,700,000 US$
Change over the period: +10.72B (+715.37%) Average annual rate: 5.39 %

Comparison, 2024

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

Bahamas 12.22B US$
World 70.69T US$
Latin America & Caribbean 4.8T US$
High-income countries computed 25.79T US$
Services value added — Bahamas, by year Bahamas All countries CSV XLSX
Year US$ Change Change, %
2024 12.22B +224M +1.87%
2023 12B +836M +7.49%
2022 11.16B +1.87B +20.14%
2021 9.29B +1.37B +17.23%
2020 7.92B −1.95B −19.75%
2019 9.87B +242M +2.51%
2018 9.63B +302M +3.24%
2017 9.33B +243M +2.67%
2016 9.09B −8M −0.09%
2015 9.1B +363M +4.16%
2014 8.73B +453M +5.47%
2013 8.28B +31.3M +0.38%
2012 8.25B +206M +2.56%
2011 8.04B −149M −1.82%
2010 8.19B −32.9M −0.4%
2009 8.22B −323M −3.78%
2008 8.55B −168M −1.93%
2007 8.72B +688M +8.58%
2006 8.03B −57.8M −0.71%
2005 8.08B +630M +8.45%
2004 7.45B +226M +3.13%
2003 7.23B +37.5M +0.52%
2002 7.19B +339M +4.95%
2001 6.85B +577M +9.19%
2000 6.28B +117M +1.9%
1999 6.16B +900M +17.12%
1998 5.26B +390M +8.01%
1997 4.87B +2.42B +98.55%
1996 2.45B +115M +4.94%
1995 2.34B +138M +6.26%
1994 2.2B −2.08M −0.09%
1993 2.2B +130M +6.27%
1992 2.07B −8.91M −0.43%
1991 2.08B −141M −6.36%
1990 2.22B +124M +5.92%
1989 2.1B — —
1987 1.98B +181M +10.01%
1986 1.8B +110M +6.5%
1985 1.69B +195M +13.01%
1984 1.5B — —

Caribbean, 2024

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

DO Dominican Republic 74.34B PR Puerto Rico 65.29B TT Trinidad and Tobago 15.17B JM Jamaica 13.2B HT Haiti 12.77B BS Bahamas 12.22B KY Cayman Islands 6.72B BB Barbados 5.76B CW Curaçao 2.57B LC Saint Lucia 1.95B AG Antigua and Barbuda 1.51B TC Turks and Caicos Islands 1.27B GD Grenada 891M VC Saint Vincent and the Grenadines 768M KN Saint Kitts and Nevis 742M DM Dominica 392M
Full table for all countries

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

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

Other indicators for the Bahamas

Economy Services share of GDP

The contribution of trade, transport, finance, IT and public administration to value added.

Bahamas by year Economy Industry value added

How much a country's industry creates in money terms — all of it, including mining, construction and utilities.

Bahamas by year Economy GDP

Gross domestic product in current US dollars — the size of a country's economy.

Bahamas by year Economy GDP per capita

GDP divided by the population, in current US dollars.

Bahamas by year Economy GDP growth

The annual growth rate of GDP in constant prices — with inflation stripped out.

Bahamas by year
All indicators for the Bahamas