Bahamas, The's gross capital formation (% of GDP) was 26.81% in 2024, the latest year in the World Bank's World Development Indicators. That is down 4.59 percentage points from 31.4% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 26.81% | 2024 |
| Five years earlier | 25.38% | 2019 |
| Ten years earlier | 31.4% | 2014 |
| Highest | 33.52% | 2006 |
| Lowest | 11.34% | 1978 |
| Average since 2015 | 25% | 2015–2024 |
| First recorded | 12.51% | 1977 |
What the numbers say
In 2024, Bahamas, The's gross capital formation (% of GDP) rose 3.94 percentage points on 2023 (from 22.86% to 26.81%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.02 percentage points and a typical year strayed about 2.67 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations above 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 6.18 percentage points in 2006 and the biggest yearly fall was 6.79 percentage points in 2015. 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 9% 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 14th 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.
| Value | Year | |
|---|---|---|
| Bahamas, The | 26.81% | 2024 |
| World | 26.29% | 2024 |
| Latin America & Caribbean | 18.95% | 2025 |
| High income | 22.64% | 2024 |
Closest to Bahamas, The in the 2024 ranking
- Faroe Islands — 10th of 37: 28.17%
- Japan — 11th of 37: 27.68%
- Kazakhstan — 12th of 37: 27.21%
- Tonga — 14th of 37: 26.39%
- Vanuatu — 15th of 37: 26.09%
- Aruba — 16th of 37: 25.75%
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 47 values
| Year | Gross capital formation (% of GDP) |
|---|---|
| 2024 | 26.81 |
| 2023 | 22.86 |
| 2022 | 23.82 |
| 2021 | 24.44 |
| 2020 | 23.07 |
| 2019 | 25.38 |
| 2018 | 25.64 |
| 2017 | 27.56 |
| 2016 | 25.78 |
| 2015 | 24.61 |
| 2014 |
Gross capital formation (% of GDP) 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 gross capital formation (% of GDP)?
- 26.81% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 14.3 percentage points from 12.51% in 1977. The highest value was 33.52% in 2006 and the lowest 11.34% in 1978.
- How does Bahamas, The rank?
- 14th highest of 37 economies with data for 2024.
- Is the latest change in gross capital formation (% of GDP) unusual for Bahamas, The?
- In 2024, Bahamas, The's gross capital formation (% of GDP) rose 3.94 percentage points on 2023 (from 22.86% to 26.81%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.02 percentage points and a typical year strayed about 2.67 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.ZS, 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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