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Bahamas Net Trade (Goods & Services, BoP)

Bahamas' net trade (goods & services, bop) rose to $-297.87 million in 2024, up from $-262.19 million in 2023, according to World Bank. This represents an increase of 13.6% ($35.68 million) from the previous year. The Bahamas has net trade (goods & services, bop) lower than the global median (-$297.87 million vs median -$215.12 million). Compared with the median in Americas, the Bahamas is lower (-$297.87 million vs regional median -$131.64 million) and ranks 24th out of 39 countries in Americas.

Yearly Historical Data (1976-2024)

(in Million USD)
Year Net Trade (Goods & Services, BoP) (Million USD)
2024 -297.87
2023 -262.19
2022 -417.26
2021 -1,617.32
2020 -1,722.38
2019 324.22
2018 -364.42
2017 -1,158.78
2016 -585.95
2015 -815.86
2014 -1,513.32
2013 -1,168.06
2012 -1,247.73
2011 -930.93
2010 -576.59
2009 -670.32
2008 -1,112.2
2007 -1,135.3
2006 -1,237.75
2005 -603.8
2004 -416.58
2003 -369.79
2002 -281.32
2001 -556.1
2000 -570.76
1999 -403.4
1998 -832.1
1997 -358.8
1996 -151.7
1995 -28.1
1994 68.1
1993 153.26
1992 106.4
1991 -12
1990 130.6
1989 41.5
1988 111.9
1987 130.4
1986 205.4
1985 175.4
1984 61.3
1983 28.1
1982 10.4
1981 12.3
1980 58.6
1979 92.5
1978 142.7
1977 122.9
1976 140.7
Bahamas Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Bahamas, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $700.6M $574.24M 2023
Annual Imports $4.19B $3.76B 2023
Exports (% GDP) 37.78% 37.81% 2024
FDI Inflows (% GDP) 1.52% 2.11% 2024
Imports (% GDP) 41.46% 38.74% 2024
Tariff Rate 26.31% 23.66% 2022
Trade (% GDP) 79.24% 76.55% 2024