The Bahamas GDP Trends from 1980 to 2024: A overall increase with some decline Flow

The Bahamas's GDP changed from approximately $2B 598M in 1980 to $14B 390M in 2024, showing an overall 453.9% sharply increased during the period.
The lowest GDP was recorded in 1980 at $2B 598M, and the highest in 2024 at $14B 390M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.0%.
For comparison, the average annual growth rate of Jamaica was 4.8%, and that of Dominican Republic was 6.3%.

Overview of The Bahamas's GDP (1980–2024)

The Gross Domestic Product (GDP) of The Bahamas recorded a 453.9% sharply increased from 1980 to 2024.
The average GDP during this period was $8B 160M, and the median was $8B 870M.
GDP fluctuated within a range of $11B 792M, with a standard deviation of $3B 368M.
The average annual change was $250M 876K.


The Bahamas GDP from 1980 to 2024

The total market value of goods and services produced annually in The Bahamas.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $2B 598M
    • Highest GDP: 2024, $14B 390M
    • Most Recent GDP: 2024, $14B 390M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and The Bahamas's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $13B 59M → $9B 755M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $10B 618M → $9B 982M
    • Outcome: declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $8B 76M → $8B 318M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $6B 332M → $6B 833M
    • Outcome: increased

    Key Economic Indicators of The Bahamas (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 2B 598M
    $ 12,291.74
    $ 12,574.78
    $ 2B 658M
    7.1 %
    -0.585 %
    13.40 %
    0 %
    211,000 people
    1981
    $ 2B 692M
    $ 12,496.22
    $ 13,115.52
    $ 2B 825M
    -2.9 %
    -3.05 %
    10.94 %
    0 %
    215,000 people
    1982
    $ 3B 31M
    $ 13,749.50
    $ 14,465.33
    $ 3B 189M
    6.3 %
    -2.151 %
    11.84 %
    0 %
    220,000 people
    1983
    $ 3B 373M
    $ 14,961.60
    $ 15,695.59
    $ 3B 539M
    6.8 %
    -1.153 %
    12.84 %
    0 %
    225,000 people
    1984
    $ 3B 603M
    $ 15,630.10
    $ 16,288.79
    $ 3B 754M
    2.4 %
    -1.33 %
    12.66 %
    0 %
    230,000 people
    1985
    $ 3B 923M
    $ 16,801.08
    $ 17,266.63
    $ 4B 32M
    4.1 %
    -1.012 %
    12.98 %
    0 %
    234,000 people
    1986
    $ 4B 240M
    $ 17,854.14
    $ 17,765.93
    $ 4B 219M
    2.6 %
    -0.764 %
    13.37 %
    0 %
    238,000 people
    1987
    $ 4B 669M
    $ 19,329.93
    $ 18,565.08
    $ 4B 485M
    3.7 %
    -1.174 %
    9.94 %
    0 %
    242,000 people
    1988
    $ 4B 855M
    $ 19,687.50
    $ 19,252.12
    $ 4B 747M
    2.255 %
    -1.37 %
    9.74 %
    0 %
    247,000 people
    1989
    $ 5B 473M
    $ 21,818.62
    $ 20,122.28
    $ 5B 47M
    2.3 %
    -1.747 %
    13.39 %
    0 %
    251,000 people
    1990
    $ 5B 218M
    $ 20,460.30
    $ 20,745.34
    $ 5B 291M
    1.052 %
    -0.77 %
    14.75 %
    -1.458 %
    255,000 people
    1991
    $ 5B 128M
    $ 19,767.72
    $ 20,202.66
    $ 5B 241M
    -4.182 %
    -3.549 %
    12.08 %
    -0.857 %
    259,000 people
    1992
    $ 5B 125M
    $ 19,417.22
    $ 19,532.78
    $ 5B 156M
    -3.826 %
    0.649 %
    13.14 %
    -0.84 %
    264,000 people
    1993
    $ 5B 97M
    $ 18,979.01
    $ 19,714.31
    $ 5B 294M
    0.308 %
    5.62 %
    12.40 %
    0.459 %
    269,000 people
    1994
    $ 5B 372M
    $ 19,660.92
    $ 20,414.21
    $ 5B 577M
    3.149 %
    3.801 %
    12.01 %
    1.055 %
    273,000 people
    1995
    $ 5B 653M
    $ 20,271.25
    $ 21,313.72
    $ 5B 944M
    4.379 %
    2.314 %
    10.95 %
    1.619 %
    279,000 people
    1996
    $ 5B 950M
    $ 20,974.53
    $ 22,237.93
    $ 6B 308M
    4.224 %
    0.297 %
    9.74 %
    1.316 %
    284,000 people
    1997
    $ 6B 332M
    $ 21,951.76
    $ 23,345.10
    $ 6B 734M
    4.946 %
    -5.358 %
    31.23 %
    -0.073 %
    288,000 people
    1998
    $ 6B 833M
    $ 23,300.82
    $ 24,316.82
    $ 7B 131M
    4.716 %
    -10.086 %
    28.27 %
    1.018 %
    293,000 people
    1999
    $ 7B 684M
    $ 25,780.49
    $ 25,998.16
    $ 7B 749M
    7.144 %
    1.358 %
    36.95 %
    3.141 %
    298,000 people