Bahamas, The's charges for the use of intellectual property, payments (BoP, current US$) was US$16.91 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 13.36% from US$19.51 million in 2014 (1.42% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$16.91 million | 2024 |
| Five years earlier | US$10.26 million | 2019 |
| Ten years earlier | US$19.51 million | 2014 |
| Highest | US$22.88 million | 2016 |
| Lowest | US$1 million | 1976 |
| Average since 2015 | US$13.25 million | 2015–2024 |
| First recorded | US$1 million |
What the numbers say
In 2024, Bahamas, The's charges for the use of intellectual property, payments (BoP, current US$) rose 44.6% on 2023 (from US$11.7 million to US$16.91 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +17.3% and a typical year strayed about 65% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 325% in 1994 and the biggest yearly fall was 62.5% in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Bahamas, The had the 10th highest value of the 20 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Bahamas, The | US$16.91 million | 2024 |
| World | US$753.95 billion | 2025 |
| Latin America & Caribbean | US$30.06 billion | 2025 |
| High income | US$636.42 billion | 2025 |
Closest to Bahamas, The in the 2024 ranking
- Tanzania — 6th of 20: US$25.96 million
- Namibia — 7th of 20: US$24.48 million
- Côte d'Ivoire — 8th of 20: US$17.76 million
- Zimbabwe — 10th of 20: US$13.32 million
- Mauritius — 11th of 20: US$8.17 million
- Sierra Leone — 12th of 20: US$7.73 million
What this measures
Charges for the use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, franchises), and charges for licenses to reproduce or distribute (or both) intellectual property embodied in produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 49 values
| Year | Charges for the use of intellectual property, payments (BoP, current US$) |
|---|---|
| 2024 | 16,908,554 |
| 2023 | 11,696,928 |
| 2022 | 14,814,167 |
| 2021 | 7,457,374 |
| 2020 | 6,359,971 |
| 2019 | 10,261,087 |
| 2018 | 10,285,993 |
| 2017 | 14,190,514 |
| 2016 | 22,875,963 |
| 2015 | 17,658,587 |
Charges for the use of intellectual property, payments (BoP, current US$) in nearby economies
More economic policy & debt data for Bahamas, The
- GDP (current US$) — US$15.83 billion (2024)
- GDP (current LCU) — 15.83 billion (2024)
- GDP (constant 2015 US$) — US$13.63 billion (2024)
- GDP (constant LCU) — 14.11 billion (2024)
- GDP per capita (current US$) — US$39,455 (2024)
- GDP per capita (current LCU) — 39,455 (2024)
- GDP per capita (constant 2015 US$) — US$33,968 (2024)
- GDP per capita (constant LCU) — 35,159 (2024)
- GNI (current US$) — US$15.2 billion (2024)
- GNI (current LCU) — 15.2 billion (2024)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Bahamas, The's charges for the use of intellectual property, payments (BoP, current US$)?
- US$16.91 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 1,591% from US$1 million in 1976 (6.07% a year on average, compounded). The highest value was US$22.88 million in 2016 and the lowest US$1 million in 1976.
- How does Bahamas, The rank?
- 10th highest of 20 economies with data for 2024.
- Is the latest change in charges for the use of intellectual property, payments (BoP, current US$) unusual for Bahamas, The?
- In 2024, Bahamas, The's charges for the use of intellectual property, payments (BoP, current US$) rose 44.6% on 2023 (from US$11.7 million to US$16.91 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +17.3% and a typical year strayed about 65% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BM.GSR.ROYL.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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