Bahamas, The's imports of goods and services (% of GDP) was 41.46% in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.72 percentage points from 43.17% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 41.46% | 2024 |
| Five years earlier | 33.81% | 2019 |
| Ten years earlier | 43.17% | 2014 |
| Highest | 67.52% | 1978 |
| Lowest | 30.15% | 2020 |
| Average since 2015 | 36.27% | 2015–2024 |
| First recorded | 66.14% | 1977 |
What the numbers say
In 2024, Bahamas, The's imports of goods and services (% of GDP) rose 2.72 percentage points on 2023 (from 38.74% to 41.46%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.42 percentage points and a typical year strayed about 4.73 percentage points from that (the standard deviation). This year's change was 0.7 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 7.81 percentage points in 2021 and the biggest yearly fall was 14.96 percentage points in 1997. 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 0.67 percentage points a year. A straight line explains 38% 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 21st highest value of the 33 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 | 41.46% | 2024 |
| World | 28.5% | 2025 |
| Latin America & Caribbean | 26.43% | 2025 |
| High income | 30.82% | 2025 |
Closest to Bahamas, The in the 2024 ranking
- Tajikistan — 17th of 33: 47.88%
- Bhutan — 18th of 33: 47.87%
- French Polynesia — 19th of 33: 46.15%
- Panama — 21st of 33: 39.32%
- Kuwait — 22nd of 33: 38.23%
- Iraq — 23rd of 33: 37.38%
What this measures
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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 exports and imports are compiled from customs reports and balance of payments data.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 47 values
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 2024 | 41.46 |
| 2023 | 38.74 |
| 2022 | 38.82 |
| 2021 | 37.96 |
| 2020 | 30.15 |
| 2019 | 33.81 |
| 2018 | 36.9 |
| 2017 | 36.61 |
| 2016 | 34.36 |
| 2015 | 33.85 |
| 2014 |
Imports of goods and services (% 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 imports of goods and services (% of GDP)?
- 41.46% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is down 24.68 percentage points from 66.14% in 1977. The highest value was 67.52% in 1978 and the lowest 30.15% in 2020.
- How does Bahamas, The rank?
- 21st highest of 33 economies with data for 2024.
- Is the latest change in imports of goods and services (% of GDP) unusual for Bahamas, The?
- In 2024, Bahamas, The's imports of goods and services (% of GDP) rose 2.72 percentage points on 2023 (from 38.74% to 41.46%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.42 percentage points and a typical year strayed about 4.73 percentage points from that (the standard deviation). This year's change was 0.7 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 NE.IMP.GNFS.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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