Bahamas, The's net secondary income (net current transfers from abroad) (current LCU) was -29.9 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 553.03% from 6.6 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -29.9 million | 2024 |
| Five years earlier | 846.2 million | 2019 |
| Ten years earlier | 6.6 million | 2014 |
| Highest | 846.2 million | 2019 |
| Lowest | -94.4 million | 2015 |
| Average since 2015 | 130.52 million | 2015–2024 |
| First recorded | 39.3 million |
What the numbers say
In 2024, Bahamas, The's net secondary income (net current transfers from abroad) (current LCU) fell 96.2 million on 2023 (from 66.3 million to -29.9 million).
Across the 26 yearly changes before that (1998 to 2023), the average change was +1.04 million and a typical year strayed about 261.32 million from that (the standard deviation). This year's change was 0.4 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 914.8 million in 2019 and the biggest yearly fall was 472.7 million 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 there is no clear straight-line trend: a straight line explains 1% 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 29th highest value of the 54 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
- Estonia — 26th of 54: 174.4 million
- Lithuania — 27th of 54: 170.05 million
- Marshall Islands — 28th of 54: 124.43 million
- Turks and Caicos Islands — 30th of 54: -108.5 million
- Aruba — 31st of 54: -143.03 million
- Sint Maarten (Dutch part) — 32nd of 54: -175.4 million
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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 28 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2024 | -29,900,000 |
| 2023 | 66,300,000 |
| 2022 | 44,700,000 |
| 2021 | -92,500,000 |
| 2020 | 373,500,000 |
| 2019 | 846,200,000 |
| 2018 | -68,600,000 |
| 2017 | -55,200,000 |
| 2016 | 315,100,000 |
| 2015 | -94,400,000 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Antigua and Barbuda — -285.6 million (2025)
- Argentina — 2.72 trillion (2025)
- Aruba — -143.03 million (2024)
- Barbados — 181 million (2025)
- Belize — 299.82 million (2025)
- Bolivia — 8.22 billion (2025)
- Brazil — 29.16 billion (2025)
- Cayman Islands — -379.9 million (2024)
- Chile
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 net secondary income (net current transfers from abroad) (current LCU)?
- -29.9 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is down 176.08% from 39.3 million in 1997. The highest value was 846.2 million in 2019 and the lowest -94.4 million in 2015.
- How does Bahamas, The rank?
- 29th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for Bahamas, The?
- In 2024, Bahamas, The's net secondary income (net current transfers from abroad) (current LCU) fell 96.2 million on 2023 (from 66.3 million to -29.9 million). Across the 26 yearly changes before that (1998 to 2023), the average change was +1.04 million and a typical year strayed about 261.32 million from that (the standard deviation). This year's change was 0.4 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.TRF.NCTR.CN, 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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