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Bahamas Trade (% GDP)

Bahamas' trade (% GDP) rose to 79.24% in 2024, up from 76.55% in 2023, according to World Bank. This represents an increase of 2.69% from the previous year. The Bahamas has trade (% GDP) lower than the global median (79.24% vs median 84.49%). Compared with the median in Americas, the Bahamas is higher (79.24% vs regional median 78.04%) and ranks 16th out of 32 countries in Americas.

Yearly Historical Data (1977-2024)

(in %)
Year Trade (% GDP)
2024 79.24%
2023 76.55%
2022 75.98%
2021 65.93%
2020 53.42%
2019 68.79%
2018 72.15%
2017 68.33%
2016 67.21%
2015 69.68%
2014 80.54%
2013 84.55%
2012 84.25%
2011 88.33%
2010 78.68%
2009 76.52%
2008 87.43%
2007 88.01%
2006 87.55%
2005 81.4%
2004 76%
2003 71.06%
2002 70.28%
2001 72.5%
2000 79.64%
1999 75.7%
1998 77.73%
1997 79.73%
1996 105.86%
1995 104.47%
1994 104.4%
1993 103.36%
1992 101.46%
1991 106.12%
1990 110.12%
1989 111%
1987 117.13%
1986 121.72%
1985 124.06%
1984 121.9%
1983 124.58%
1982 125.34%
1981 129.75%
1980 133.26%
1979 129.08%
1978 150.18%
1977 148.79%
Bahamas Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Bahamas divided by its total economic output, shown as a percentage.
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
Net Trade (Goods & Services, BoP) -$297.87M -$262.19M 2024
Tariff Rate 26.31% 23.66% 2022