Bahamas, The's taxes on exports (current LCU) was 246.54 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 2,150% from 10.96 million in 2014 (36.53% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 246.54 million | 2024 |
| Five years earlier | 13.06 million | 2019 |
| Ten years earlier | 10.96 million | 2014 |
| Highest | 253.46 million | 2023 |
| Lowest | 6.3 million | 1990 |
| Average since 2015 | 88.95 million | 2015–2024 |
| First recorded | 6.3 million |
What the numbers say
In 2024, Bahamas, The's taxes on exports (current LCU) fell 2.7% on 2023 (from 253.46 million to 246.54 million).
Across the 24 yearly changes before that (1991 to 2023), the average change was +24.7% and a typical year strayed about 69.2% 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 306.8% in 2020 and the biggest yearly fall was 30.6% in 2014. 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 29.88 million a year. A straight line explains 82% 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 16th highest value of the 25 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
- Zambia — 13th of 25: 364.76 million
- Solomon Islands — 14th of 25: 347.6 million
- Papua New Guinea — 15th of 25: 299.75 million
- Kyrgyz Republic — 17th of 25: 39.6 million
- Thailand — 18th of 25: 23.14 million
- Mongolia — 19th of 25: 21.8 million
What this measures
Export taxes are taxes on goods or services that become payable to government when the goods leave the economic territory or when the services are delivered to non-residents. 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 27 values
| Year | Taxes on exports (current LCU) |
|---|---|
| 2024 | 246,536,000 |
| 2023 | 253,457,680 |
| 2022 | 177,443,210 |
| 2021 | 95,876,067 |
| 2020 | 53,111,957 |
| 2019 | 13,056,000 |
| 2018 | 18,264,000 |
| 2017 | 9,396,523 |
| 2016 | 12,871,320 |
| 2015 | 9,513,363 |
| 2014 |
Taxes on exports (current LCU) in nearby economies
- Argentina — 5.69 trillion (2024)
- Brazil — 5.84 million (2024)
- Costa Rica — 10.93 billion (2024)
- Dominican Republic — 7.66 million (2015)
- Guatemala — 6,994 (2024)
- Mexico — 483,863 (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
Questions people ask
- What is Bahamas, The's taxes on exports (current LCU)?
- 246.54 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 3,813% from 6.3 million in 1990 (11.39% a year on average, compounded). The highest value was 253.46 million in 2023 and the lowest 6.3 million in 1990.
- How does Bahamas, The rank?
- 16th highest of 25 economies with data for 2024.
- Is the latest change in taxes on exports (current LCU) unusual for Bahamas, The?
- In 2024, Bahamas, The's taxes on exports (current LCU) fell 2.7% on 2023 (from 253.46 million to 246.54 million). Across the 24 yearly changes before that (1991 to 2023), the average change was +24.7% and a typical year strayed about 69.2% 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 GC.TAX.EXPT.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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