Bahamas, The: Subsidies and other transfers (current LCU)

Key figures

What the numbers say

In 2024, Bahamas, The's subsidies and other transfers (current LCU) fell 4.8% on 2023 (from 699.09 million to 665.5 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +13.4% and a typical year strayed about 32.4% from that (the standard deviation). This year's change was 0.6 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 123.5% in 2015 and the biggest yearly fall was 58% in 2010. 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 37.13 million a year. A straight line explains 58% 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 87th highest value of the 89 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

• Malta — 83rd of 89: 2.58 billion
• El Salvador — 84th of 89: 2 billion
• Fiji — 85th of 89: 1.41 billion
• Solomon Islands — 87th of 89: 471.47 million
• San Marino — 88th of 89: 316.89 million
• Naoero — 89th of 89: 66.69 million

What this measures

Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 35 values

Subsidies and other transfers (current LCU) in nearby economies

• Argentina — 67.45 trillion (2024)
• Barbados — 1.24 billion (2016)
• Brazil — 2.42 trillion (2024)
• Chile — 26.39 trillion (2024)
• Colombia — 346.34 trillion (2024)
• Costa Rica — 1.98 trillion (2024)
• Dominican Republic — 302.22 billion (2024)
• Ecuador — 12.95 billion (2022)
• El Salvador — 2 billion (2024)
• Guatemala — 41.03 billion (2024)

More public sector data for Bahamas, The

• Net acquisition of financial assets (current LCU) — 230.38 million (2024)
• Net acquisition of financial assets (% of GDP) — 1.46% (2024)
• Net incurrence of liabilities, total (current LCU) — 61.81 million (2024)
• Net incurrence of liabilities, total (% of GDP) — 0.39% (2024)
• Net investment in nonfinancial assets (current LCU) — 250.32 million (2024)
• Net investment in nonfinancial assets (% of GDP) — 1.58% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -194.07 million (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — -1.23% (2024)
• Grants and other revenue (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Bahamas, The's subsidies and other transfers (current LCU)?

665.5 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 1,967% from 32.2 million in 1990 (9.32% a year on average, compounded). The highest value was 885.73 million in 2021 and the lowest 32 million in 1991.

How does Bahamas, The rank?

87th highest of 89 economies with data for 2024.

Is the latest change in subsidies and other transfers (current LCU) unusual for Bahamas, The?

In 2024, Bahamas, The's subsidies and other transfers (current LCU) fell 4.8% on 2023 (from 699.09 million to 665.5 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +13.4% and a typical year strayed about 32.4% from that (the standard deviation). This year's change was 0.6 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 GC.XPN.TRFT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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