Bahamas, The's taxes less subsidies on products (current US$) was US$1.95 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 175.27% from US$709.3 million in 2014 (10.66% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.95 billion | 2024 |
| Five years earlier | US$1.66 billion | 2019 |
| Ten years earlier | US$709.3 million | 2014 |
| Highest | US$1.95 billion | 2024 |
| Lowest | US$125.9 million | 1979 |
| Average since 2015 | US$1.47 billion | 2015–2024 |
| First recorded | US$125.9 million |
What the numbers say
In 2024, Bahamas, The's taxes less subsidies on products (current US$) rose 0.2% on 2023 (from US$1.95 billion to US$1.95 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.9% and a typical year strayed about 18.3% 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 59.4% in 2015 and the biggest yearly fall was 40.6% 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 the straight-line trend is upward, about US$87 million a year. A straight line explains 61% 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 9th highest value of the 30 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
- Hong Kong SAR, China — 6th of 30: US$10.68 billion
- Bolivia — 7th of 30: US$3.6 billion
- West Bank and Gaza — 8th of 30: US$2.89 billion
- Trinidad and Tobago — 10th of 30: US$1.38 billion
- Papua New Guinea — 11th of 30: US$1.38 billion
- Tajikistan — 12th of 30: US$1.34 billion
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 45 values
| Year | Taxes less subsidies on products (current US$) |
|---|---|
| 2024 | 1,952,500,000 |
| 2023 | 1,949,400,000 |
| 2022 | 1,711,000,000 |
| 2021 | 1,449,300,000 |
| 2020 | 986,500,000 |
| 2019 | 1,661,600,000 |
| 2018 | 1,357,600,000 |
| 2017 | 1,298,700,000 |
| 2016 | 1,192,600,000 |
| 2015 | 1,130,700,000 |
Taxes less subsidies on products (current US$) in nearby economies
- Antigua and Barbuda — US$273.11 million (2025)
- Argentina — US$105.47 billion (2025)
- Aruba — US$481.16 million (2023)
- Barbados — US$833.4 million (2025)
- Belize — US$481.82 million (2024)
- Bolivia — US$3.6 billion (2024)
- Brazil — US$319.76 billion (2025)
- Cayman Islands — US$416.41 million (2024)
- Chile — US$34.34 billion (2025)
- Colombia
More economic policy & debt data for Bahamas, The
- GDP (current US$) — 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$15.2 billion (2024)
- GNI (current LCU) — 15.2 billion (2024)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Bahamas, The's taxes less subsidies on products (current US$)?
- US$1.95 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is up 1,451% from US$125.9 million in 1979 (6.28% a year on average, compounded). The highest value was US$1.95 billion in 2024 and the lowest US$125.9 million in 1979.
- How does Bahamas, The rank?
- 9th highest of 30 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current US$) unusual for Bahamas, The?
- In 2024, Bahamas, The's taxes less subsidies on products (current US$) rose 0.2% on 2023 (from US$1.95 billion to US$1.95 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +6.9% and a typical year strayed about 18.3% 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.TAX.NIND.CD, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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