The Gross Domestic Product (GDP) of Bahamas expanded 3.7% in 2024 the previous year. GDP Annual Growth Rate in Bahamas averaged 3.71 percent from 1998 until 2024, reaching an all time high of 16.20 percent in 2021 and a record low of -21.90 percent in 2020. source: The Government of Bahamas

GDP Annual Growth Rate in Bahamas is expected to reach 2.20 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas GDP Annual Growth Rate is projected to trend around 1.80 percent in 2027 and 2.80 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP 15.83 15.27 USD Billion Dec 2024
GDP Annual Growth Rate 3.70 9.90 percent Dec 2024
GDP per Capita 33968.39 33009.87 USD Dec 2024
GDP per Capita PPP 36244.04 35221.31 USD Dec 2024


Bahamas GDP Annual Growth Rate
The Bahamas is one of the richest countries in the Caribbean. The most important sector of the economy is tourism, which employs around half of the labour force and accounts for 60 percent of GDP. Due to low taxes, The Bahamas is a major off-shore centre and financial services account for 12 percent of GDP. The shipping industry, one of the largest in the world, is also a valuable source of income. The Bahamas is heavily dependent on the United States, the country’s largest trading partner.
Actual Previous Highest Lowest Dates Unit Frequency
3.70 9.90 16.20 -21.90 1998 - 2024 percent Yearly
Current Prices