Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Bahamas

Merchandise trade (% of GDP) in the Bahamas in 2024 — 35.58%. Ranked 157 in the world out of 199. Since 1960, the indicator has fallen by 6.84 pp.

2024 35.58% +3.33 pp vs 2023
World rank 157of 199
Period maximum 957.78%1977
Period minimum 24.51%2020

Trend over time

1960–2024 · % of GDP

Merchandise trade (% of GDP) — Bahamas, 1960–202402505007501,00019601967197419811988199520022009201620231960: 42.42%1962: 36.76%1964: 43.52%1966: 46.71%1968: 50.02%1970: 79.15%1972: 140.13%1974: 530.04%1976: 952.66%1978: 745.8%1980: 940.24%1982: 689.54%1984: 367.01%1986: 242.31%1988: 157.71%1990: 42.64%1992: 39.56%1994: 37.53%1996: 42.98%1998: 30.97%2000: 31.66%2002: 25.09%2004: 26.26%2006: 34.73%2008: 37.02%2010: 34.5%2012: 41.74%2014: 40.22%2016: 28.43%2018: 31.47%2020: 24.51%2022: 31.85%2024: 35.58%
Change over the period: −6.84 pp Annual average: -0.11 pp

Comparison, 2024

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

Bahamas 35.58%
World 44.3%
Caribbean computed 37.78%
High-income countries computed 45.26%
Merchandise trade (% of GDP) — Bahamas, by year Bahamas All countries CSV XLSX
Year % Change, pp
2024 35.58 +3.33 pp
2023 32.24 +0.39 pp
2022 31.85 −1.6 pp
2021 33.45 +8.94 pp
2020 24.51 −4.55 pp
2019 29.06 −2.41 pp
2018 31.47 +0.13 pp
2017 31.34 +2.91 pp
2016 28.43 −2.02 pp
2015 30.45 −9.76 pp
2014 40.22 +0.34 pp
2013 39.87 −1.87 pp
2012 41.74 +0.65 pp
2011 41.09 +6.59 pp
2010 34.5 +1.6 pp
2009 32.9 −4.12 pp
2008 37.02 +1.48 pp
2007 35.54 +0.81 pp
2006 34.73 +4.27 pp
2005 30.46 +4.2 pp
2004 26.26 +1.02 pp
2003 25.24 +0.16 pp
2002 25.09 −2.62 pp
2001 27.71 −3.95 pp
2000 31.66 +3.33 pp
1999 28.33 −2.63 pp
1998 30.97 +2.49 pp
1997 28.47 −14.5 pp
1996 42.98 +1.59 pp
1995 41.38 +3.86 pp
1994 37.53 +1.43 pp
1993 36.09 −3.47 pp
1992 39.56 −2.74 pp
1991 42.3 −0.34 pp
1990 42.64 −141.03 pp
1989 183.67 +25.96 pp
1988 157.71 −56.07 pp
1987 213.78 −28.52 pp
1986 242.31 −7.88 pp
1985 250.18 −116.82 pp
1984 367.01 −128.49 pp
1983 495.5 −194.04 pp
1982 689.54 −254.94 pp
1981 944.48 +4.24 pp
1980 940.24 +299.77 pp
1979 640.46 −105.33 pp
1978 745.8 −211.99 pp
1977 957.78 +5.13 pp
1976 952.66 +79.63 pp
1975 873.03 +342.98 pp
1974 530.04 +337.17 pp
1973 192.88 +52.75 pp
1972 140.13 +4.44 pp
1971 135.68 +56.53 pp
1970 79.15 +14.36 pp
1969 64.79 +14.76 pp
1968 50.02 +1.28 pp
1967 48.74 +2.03 pp
1966 46.71 +5.42 pp
1965 41.3 −2.22 pp
1964 43.52 +6.07 pp
1963 37.45 +0.69 pp
1962 36.76 −12.18 pp
1961 48.94 +6.52 pp
1960 42.42

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

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