Bahamas, The's GDP (current LCU) was 15.83 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 42.14% from 11.14 billion in 2014 (3.58% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 15.83 billion | 2024 |
| Five years earlier | 13.28 billion | 2019 |
| Ten years earlier | 11.14 billion | 2014 |
| Highest | 15.83 billion | 2024 |
| Lowest | 173.2 million | 1960 |
| Average since 2015 | 12.97 billion | 2015–2024 |
| First recorded | 173.2 million |
What the numbers say
In 2024, Bahamas, The's GDP (current LCU) rose 3.7% on 2023 (from 15.27 billion to 15.83 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.3% and a typical year strayed about 14.7% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 75.5% in 1997 and the biggest yearly fall was 21.9% in 2020. 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 373.81 million a year. A straight line explains 46% 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 8th highest value of the 15 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
- New Caledonia — 5th of 15: 943 billion
- French Polynesia — 6th of 15: 697.55 billion
- Faroe Islands — 7th of 15: 27.94 billion
- Monaco — 9th of 15: 10.28 billion
- Bermuda — 10th of 15: 9.19 billion
- Liechtenstein — 11th of 15: 7.84 billion
What this measures
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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 65 values
| Year | GDP (current LCU) |
|---|---|
| 2024 | 15,832,800,000 |
| 2023 | 15,271,300,000 |
| 2022 | 13,896,800,000 |
| 2021 | 12,037,000,000 |
| 2020 | 10,363,200,000 |
| 2019 | 13,277,000,000 |
| 2018 | 12,819,200,000 |
| 2017 | 12,446,900,000 |
| 2016 | 11,880,900,000 |
| 2015 | 11,837,600,000 |
| 2014 |
GDP (current LCU) in nearby economies
- Antigua and Barbuda — 6.31 billion (2025)
- Argentina — 847.62 trillion (2025)
- Aruba — 7.46 billion (2024)
- Barbados — 16.03 billion (2025)
- Belize — 6.65 billion (2025)
- Bolivia — 447.55 billion (2025)
- Brazil — 12.74 trillion (2025)
- Cayman Islands — 6.47 billion (2024)
- Chile — 339.98 trillion (2025)
- Colombia — 1,853.94 trillion (2025)
- Costa Rica — 51.81 trillion (2025)
- Cuba — 1.08 trillion (2024)
More economic policy & debt data for Bahamas, The
- GDP (current US$) — US$15.83 billion (2024)
- GDP (constant 2015 US$) — 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) — 37,881 (2024)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Bahamas, The's GDP (current LCU)?
- 15.83 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 9,041% from 173.2 million in 1960 (7.31% a year on average, compounded). The highest value was 15.83 billion in 2024 and the lowest 173.2 million in 1960.
- How does Bahamas, The rank?
- 8th highest of 15 economies with data for 2024.
- Is the latest change in GDP (current LCU) unusual for Bahamas, The?
- In 2024, Bahamas, The's GDP (current LCU) rose 3.7% on 2023 (from 15.27 billion to 15.83 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +6.3% and a typical year strayed about 14.7% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 NY.GDP.MKTP.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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