GDP Growth Rate
Year -
3.38%
In 2024, The Bahamas experienced a significant an increase in its GDP growth rate, which rise to 3.38% from 3.05% in 2023. Additionally, the GDP per capita growth rate in The Bahamas increase to 2.9% in 2024, compared to 2.56% in 2023.
In 2024, The Bahamas experienced a increase in economic performance, with the GDP growth rate rising by 0.33%. Additionally, the GDP per capita growth rate increase by 0.34%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 10.67% | 10.67% | 5.34% | 5.34% |
| 1962 | 10.45% | -0.22% | 5.04% | -0.30% |
| 1963 | 10.52% | 0.07% | 5.13% | 0.09% |
| 1964 | 10.5% | -0.02% | 5.47% | 0.34% |
| 1965 | 10.43% | -0.07% | 5.63% | 0.16% |
| 1966 | 9.07% | -1.36% | 4.2% | -1.43% |
| 1967 | 9.6% | 0.53% | 4.6% | 0.40% |
| 1968 | 8.42% | -1.18% | 3.44% | -1.16% |
| 1969 | 8.98% | 0.56% | 4.15% | 0.71% |
| 1970 | -5.65% | -14.63% | -9.22% | -13.37% |
| 1971 | 1.63% | 7.28% | -1.5% | 7.72% |
| 1972 | -3.5% | -5.13% | -6.06% | -4.56% |
| 1973 | 7.57% | 11.07% | 5.03% | 11.09% |
| 1974 | -16.75% | -24.32% | -18.6% | -23.63% |
| 1975 | -14.8% | 1.95% | -16.65% | 1.95% |
| 1976 | 5.19% | 19.99% | 2.92% | 19.57% |
| 1977 | 9.15% | 3.96% | 6.84% | 3.92% |
| 1978 | 14.18% | 5.03% | 11.83% | 4.99% |
| 1979 | 26.14% | 11.96% | 23.67% | 11.84% |
| 1980 | 6.5% | -19.64% | 4.53% | -19.14% |
| 1981 | -9.23% | -15.73% | -10.79% | -15.32% |
| 1982 | 6.7% | 15.93% | 4.93% | 15.72% |
| 1983 | 3.6% | -3.10% | 1.87% | -3.06% |
| 1984 | 14.17% | 10.57% | 12.26% | 10.39% |
| 1985 | 4.83% | -9.34% | 3.05% | -9.21% |
| 1986 | 1.8% | -3.03% | 0.06% | -2.99% |
| 1987 | 2.98% | 1.18% | 1.25% | 1.19% |
| 1988 | 2.31% | -0.67% | 0.58% | -0.67% |
| 1989 | 6.73% | 4.42% | 4.87% | 4.29% |
| 1990 | -1.6% | -8.33% | -3.3% | -8.17% |
| 1991 | -4.18% | -2.58% | -5.82% | -2.52% |
| 1992 | -3.83% | 0.35% | -5.57% | 0.25% |
| 1993 | 0.31% | 4.14% | -1.56% | 4.01% |
| 1994 | 3.15% | 2.84% | 1.35% | 2.91% |
| 1995 | 4.38% | 1.23% | 2.66% | 1.31% |
| 1996 | 4.22% | -0.16% | 2.59% | -0.07% |
| 1997 | 1.29% | -2.93% | -0.22% | -2.81% |
| 1998 | 4.72% | 3.43% | 3.23% | 3.45% |
| 1999 | 7.14% | 2.42% | 5.72% | 2.49% |
| 2000 | 4.15% | -2.99% | 2.79% | -2.93% |
| 2001 | 2.63% | -1.52% | 1.37% | -1.42% |
| 2002 | 2.7% | 0.07% | 1.53% | 0.16% |
| 2003 | -1.26% | -3.96% | -2.44% | -3.97% |
| 2004 | 0.88% | 2.14% | -0.35% | 2.09% |
| 2005 | 3.4% | 2.52% | 2.16% | 2.51% |
| 2006 | 2.52% | -0.88% | 1.2% | -0.96% |
| 2007 | 1.45% | -1.07% | 0.02% | -1.18% |
| 2008 | -2.32% | -3.77% | -3.63% | -3.65% |
| 2009 | -4.18% | -1.86% | -5.41% | -1.78% |
| 2010 | 1.54% | 5.72% | 0.25% | 5.66% |
| 2011 | 0.61% | -0.93% | -0.54% | -0.79% |
| 2012 | 4.52% | 3.91% | 3.48% | 4.02% |
| 2013 | -2.86% | -7.38% | -3.76% | -7.24% |
| 2014 | 1.85% | 4.71% | 0.96% | 4.72% |
| 2015 | 1% | -0.85% | 0.2% | -0.76% |
| 2016 | -1.16% | -2.16% | -1.85% | -2.05% |
| 2017 | 3.37% | 4.53% | 2.73% | 4.58% |
| 2018 | 2.4% | -0.97% | 1.82% | -0.91% |
| 2019 | -0.84% | -3.24% | -1.33% | -3.15% |
| 2020 | -20.09% | -19.25% | -20.33% | -19.00% |
| 2021 | 17.59% | 37.68% | 17.44% | 37.77% |
| 2022 | 10.88% | -6.71% | 10.55% | -6.89% |
| 2023 | 3.05% | -7.83% | 2.56% | -7.99% |
| 2024 | 3.38% | 0.33% | 2.9% | 0.34% |