Bahamas: the economy in numbers
GDP is $15.8bn (2024), 145th of 211 in the world and 25th of 41 in Latin America & Caribbean. GDP per capita is $39,455 (2024), 42nd of 211 in the world and 5th of 41 in Latin America & Caribbean. GDP per capita, PPP is $41,258 (2024), 65th of 199 in the world and 8th of 38 in Latin America & Caribbean.
Economy: Bahamas in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDPGDP, current US$ | $15.8bn2024 | 145/211 | 25/41 | $8.1bn | $10.1bn | $10.4bn | +42%since 2014 | $7.4tn | $76.9tn | $118tn | |
| GDP per capitaGDP per capita, current US$ | $39,4552024 | 42/211 | 5/41 | $24,940 | $27,473 | $26,179 | +35%since 2014 | $11,095 | $53,997 | $14,406 | |
| GDP per capita, PPPGDP per capita, PPP (current international $) | $41,2582024 | 65/199 | 8/38 | $25,422 | $29,625 | $27,205 | +30%since 2014 | $23,901 | $69,953 | $25,704 | |
| GNI per capitaGNI per capita, Atlas method, US$ | $37,0202024 | 38/201 | 3/38 | $23,880 | $27,320 | $25,180 | +36%since 2014 | $10,634 | $52,957 | $14,244 | |
| GDP growthGDP growth, annual % | 3.4%2024 | 105/210 | 21/41 | 4.1% | 1.5% | -20.1% | +1.5 ppsince 2014 | 2.3% | 1.9% | 2.9% | |
| GDP per capita growthGDP per capita growth, annual % | 2.9%2024 | 85/210 | 16/41 | 2.8% | 0.2% | -20.3% | +1.9 ppsince 2014 | 1.6% | 1.5% | 2.0% | |
| Agriculture shareAgriculture, forestry and fishing, % of GDP | 0.5%2024 | 183/198 | 33/37 | 1.3% | 1.1% | 0.8% | −0.3 ppsince 2014 | 6.8% | 1.3% | 4.0% | |
| Industry shareIndustry incl. construction, % of GDP | 9.6%2024 | 188/201 | 35/38 | 12.1% | 11.5% | 12.1% | −3.6 ppsince 2014 | 30.3% | 21.3% | 25.0% | |
| Manufacturing shareManufacturing, value added, % of GDP | 0.6%2024 | 190/194 | 37/38 | 2.9% | 2.1% | 1.9% | −2.0 ppsince 2014 | 17.1% | 12.0% | 14.9% | |
| Services shareServices, % of GDP | 77.2%2024 | 13/201 | 3/38 | 77.7% | 81.1% | 76.5% | −1.2 ppsince 2014 | 68.2% | 69.1% | 63.3% | |
| InvestmentGross capital formation, % of GDP | 26.8%2024 | 51/175 | 2/25 | 30.2% | 28.0% | 23.1% | −4.6 ppsince 2014 | 19.0% | 22.6% | 26.3% | |
| SavingsGross savings, % of GDP | 19.2%2024 | 98/163 | 12/22 | 32.7% | 23.4% | 8.8% | −1.8 ppsince 2014 | 16.4% | 23.2% | 26.0% | |
| Resource rentsNatural resources rents, % of GDP | 0.0%2021 | 171/209 | 29/39 | 0.0% | 0.0% | 0.0% | ±0.0 ppsince 2011 | 6.1% | 2.5% | 3.1% |
Better than ten years ago
- GDP+42%$15.8bn in 2024
- GDP per capita+35%$39,455 in 2024
- GDP per capita, PPP+30%$41,258 in 2024
- GNI per capita+36%$37,020 in 2024
Worse than ten years ago
No rated indicator got worse over the decade.
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
Bahamas and its neighbours
Countries sharing a land border with Bahamas. Latest values since 2005; the highest in each row is marked.
| Indicator | Bahamas | United States | United Kingdom | Turks and Caicos Islands |
|---|---|---|---|---|
| GDP | $15.8bn2024 | $30.8tn2025 | $4.0tn2025 | $1.7bn2024 |
| GDP per capita | $39,4552024 | $90,0272025 | $57,6022025 | $37,5072024 |
| GDP per capita, PPP | $41,2582024 | $90,0272025 | $64,6062025 | $38,0102024 |
| GNI per capita | $37,0202024 | $88,8102025 | $54,5502025 | $36,7602024 |
| GDP growth | 3.4%2024 | 2.2%2025 | 1.4%2025 | 5.6%2024 |
| GDP per capita growth | 2.9%2024 | 1.6%2025 | 1.1%2025 | 4.9%2024 |
| Agriculture share | 0.5%2024 | 0.9%2021 | 0.6%2025 | 0.4%2024 |
| Industry share | 9.6%2024 | 17.6%2021 | 16.5%2025 | 9.3%2024 |
| Manufacturing share | 0.6%2024 | 10.5%2021 | 7.7%2025 | 0.4%2024 |