Bahamas, The's discrepancy in expenditure estimate of GDP (current LCU) was -54 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 60.15% from -135.5 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -54 million | 2024 |
| Five years earlier | 54.3 million | 2019 |
| Ten years earlier | -135.5 million | 2014 |
| Highest | 723.8 million | 2005 |
| Lowest | -194.5 million | 2015 |
| Average since 2015 | 24.99 million | 2015–2024 |
| First recorded | 0 |
What the numbers say
In 2024, Bahamas, The's discrepancy in expenditure estimate of GDP (current LCU) fell 291.5 million on 2023 (from 237.5 million to -54 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +11.49 million and a typical year strayed about 207.24 million from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 643.78 million in 1997 and the biggest yearly fall was 659.75 million in 2012. 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 the straight-line trend is upward, about 34.3 million a year. A straight line explains 31% of the movement over 10 observed years.
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 34th highest value of the 37 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.
Closest to Bahamas, The in the 2024 ranking
What this measures
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 47 values
| Year | Discrepancy in expenditure estimate of GDP (current LCU) |
|---|---|
| 2024 | -54,000,000 |
| 2023 | 237,500,000 |
| 2022 | 353,200,000 |
| 2021 | 183,300,000 |
| 2020 | -116,200,000 |
| 2019 | 54,300,000 |
| 2018 | -170,600,000 |
| 2017 | -113,300,000 |
| 2016 | 70,200,000 |
| 2015 | -194,500,000 |
Discrepancy in expenditure estimate of GDP (current LCU) 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 discrepancy in expenditure estimate of GDP (current LCU)?
- -54 million in 2024, according to the World Bank (World Development Indicators).
- How does Bahamas, The rank?
- 34th highest of 37 economies with data for 2024.
- Is the latest change in discrepancy in expenditure estimate of GDP (current LCU) unusual for Bahamas, The?
- In 2024, Bahamas, The's discrepancy in expenditure estimate of GDP (current LCU) fell 291.5 million on 2023 (from 237.5 million to -54 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +11.49 million and a typical year strayed about 207.24 million from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator NY.GDP.DISC.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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