Bahamas GDP Annual Growth Rate

The gross domestic product in Bahamas expanded 3.1% year-on-year in the fourth quarter of 2023, easing from a 6.3% growth in the previous three-month period. It marked the weakest economic expansion since the first quarter of 2021. source: The Government of Bahamas

GDP Annual Growth Rate in Bahamas averaged 3.96 percent from 2015 until 2023, reaching an all time high of 30.70 percent in the third quarter of 2021 and a record low of -35.77 percent in the second quarter of 2020. This page provides - Bahamas GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas GDP Annual Growth Rate - values, historical data and charts - was last updated on January of 2025.

GDP Annual Growth Rate in Bahamas is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahamas GDP Annual Growth Rate is projected to trend around 4.50 percent in 2025 and 5.50 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP	14.34	13.14	USD Billion	Dec 2023
GDP Annual Growth Rate	3.08	6.31	percent	Dec 2023
GDP per Capita	30061.70	29477.20	USD	Dec 2023
GDP per Capita PPP	32047.90	31424.87	USD	Dec 2023

The Bahamas is one of the richest countries in the Caribbean. The most important sector of the economy is tourism, which employs around half of the labour force and accounts for 60 percent of GDP. Due to low taxes, The Bahamas is a major off-shore centre and financial services account for 12 percent of GDP. The shipping industry, one of the largest in the world, is also a valuable source of income. The Bahamas is heavily dependent on the United States, the country’s largest trading partner.