Main UN Trade and Development (UNCTAD) website
English

General profile: Bahamas

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
0.399 Millions
..
13 812 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 10 010 km²
3.06 %
4.27 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+16.2 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
429
620
443
708
Merchandise imports
2 567
2 863
3 162
4 188
Merchandise trade balance
-2 138
-2 242
-2 719
-3 479
Export structure by product group in 2023
(as % of total exports)
1 %1 %57 %57 %32 %32 %6 %6 %4 %4 %
Top 5 partners in 2023
(exports, millions of US$)
129121846748129121846748
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
2 511
2 494
2 896
(e) 4 355
Services imports
1 286
1 181
1 278
(e) 2 158
Services trade balance
1 224
1 312
1 618
(e) 2 197
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
2.2
4.7
3.7
(e) 2.0
Travel
82.5
86.1
87.6
(e) 90.9
Other services
15.3
9.2
8.6
(e) 7.0
TRADE INDICES
More data on UNCTADstat
1231001108511711785103100148168163149155156160177149105105104100102105103101100939290918681878586
ECONOMIC TRENDS
More data on UNCTADstat
+4.3 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
9 836
10 096
11 711
13 812
GDP per capita, current US$
28 602
27 473
30 390
34 579
Real GDP growth, y-on-y, %
3.40
1.54
1.00
4.27
Current account balance, % of GDP
-7.12
-8.06
-10.27
(e) -8.93
Exchange rate (/US$)
1.000
1.000
1.000
..
GDP by expenditure in 2022
(as % of total GDP)
68.213.821.737.542.768.213.821.737.542.7
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+3.0 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
1 054.31
1 097.19
712.56
1 459.00
FDI outflows
142.81
150.45
169.91
418.96
Personal remittances, % of GDP
..
..
..
..
Financial flows trends
(millions of US$)
57.953.01 4591 2551 0528976119479011 2607133 5511 5901 0341 4091 0976461 5121 6231 4921 054804713354587609FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
-6.14
-5.71
-6.97
(e) -6.56
Balance, % of imports
-16.48
-15.28
-19.28
(e) -14.88
Normalized balance
-0.090
-0.083
-0.107
(e) -0.080
Trade openness²
(sum of imports and exports as % of GDP)
82817252747670706578808075696877757468
LIVING AREA
Population by living area in 2023
(% of population)
Urban 84%Urban 84%Rural 16%Rural 16%
OTHER INDICATORS
More data on UNCTADstat
3.164 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
48 037
64 109
74 153
72 054
Container port throughput (TEU)
..
1 155 000
1 468 380
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
-
0.16
1.40
..
Share of ICT goods, % of total imports
3.18
2.83
3.55
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024