Bahamas, The's manufactures exports (% of merchandise exports) was 31.15% in 2024, the latest year in the World Bank's World Development Indicators. That is down 38.91 percentage points from 70.07% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 31.15% | 2024 |
| Five years earlier | 65.99% | 2019 |
| Ten years earlier | 70.07% | 2014 |
| Highest | 70.07% | 2014 |
| Lowest | 1.21% | 1997 |
| Average since 2015 | 49.58% | 2015–2024 |
| First recorded | 5.28% | 1974 |
What the numbers say
In 2024, Bahamas, The's manufactures exports (% of merchandise exports) fell 0.13 percentage points on 2023 (from 31.28% to 31.15%).
Across the 30 yearly changes before that (1984 to 2023), the average change was +2.51 percentage points and a typical year strayed about 12.01 percentage points 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 21.02 percentage points in 2023 and the biggest yearly fall was 40.2 percentage points in 2022. 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 downward, about 4.98 percentage points a year. A straight line explains 63% 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 13th highest value of the 36 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 | 31.15% | 2024 |
| World | 69.74% | 2025 |
| Latin America & Caribbean | 49.29% | 2025 |
| High income | 67.82% | 2025 |
Closest to Bahamas, The in the 2024 ranking
What this measures
Manufactures comprise commodities in SITC (Rev. 3) sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (non-ferrous metals). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.
Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 39 values
| Year | Manufactures exports (% of merchandise exports) |
|---|---|
| 2024 | 31.15 |
| 2023 | 31.28 |
| 2022 | 10.25 |
| 2021 | 50.46 |
| 2020 | 55.17 |
| 2019 | 65.99 |
| 2018 | 60.38 |
| 2017 | 63.35 |
| 2016 | 67.16 |
| 2015 | 60.6 |
| 2014 |
Manufactures exports (% of merchandise exports) in nearby economies
- Antigua and Barbuda — 14.81% (2024)
- Argentina — 12.62% (2025)
- Aruba — 21.85% (2023)
- Barbados — 41.2% (2025)
- Belize — 3.24% (2025)
- Bolivia — 8.29% (2025)
- Brazil — 23.85% (2025)
- Chile — 11.31% (2025)
- Colombia — 22.13% (2025)
- Costa Rica
More private sector & trade data for Bahamas, The
- Merchandise imports (current US$) — US$5.52 billion (2025)
- Merchandise exports (current US$) — US$711 million (2025)
- Merchandise trade (% of GDP) — 35.58% (2024)
- Merchandise exports to high-income economies (% of total merchandise exports) — 52.12% (2023)
- Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (2023)
- Merchandise exports by the reporting economy (current US$) — US$1.09 billion (2023)
- Merchandise imports from high-income economies (% of total merchandise imports) — 93.55% (2023)
- Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
Reading data like this
Questions people ask
- What is Bahamas, The's manufactures exports (% of merchandise exports)?
- 31.15% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is up 25.87 percentage points from 5.28% in 1974. The highest value was 70.07% in 2014 and the lowest 1.21% in 1997.
- How does Bahamas, The rank?
- 13th highest of 36 economies with data for 2024.
- Is the latest change in manufactures exports (% of merchandise exports) unusual for Bahamas, The?
- In 2024, Bahamas, The's manufactures exports (% of merchandise exports) fell 0.13 percentage points on 2023 (from 31.28% to 31.15%). Across the 30 yearly changes before that (1984 to 2023), the average change was +2.51 percentage points and a typical year strayed about 12.01 percentage points 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 TX.VAL.MANF.ZS.UN, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS); 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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