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Bahamas, The: Trade (% of GDP)

In , Bahamas, The's Trade (% of GDP) was 79.24.

That's up 3.5% from 2023, the highest value since .

The global average for this indicator in 2024 was 92.19 . Bahamas, The ranks #84 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #9 of 24.

Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

Bahamas, The Trade (% of GDP) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
88.33
Trough
53.42
1-year change
+3.5%
5-year change
+15.2%
+2.9% / yr
10-year change
-1.6%
-0.2% / yr

Historical Data — Last 10 Years

Year Trade (% of GDP)
79.2425
76.5495
75.9830
65.9325
53.4208
68.7866
72.1543
68.3343
67.2129
69.6780

About Trade (% of GDP)

Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.TRD.GNFS.ZS • Category: Economy

Frequently asked questions

What was Bahamas, The's Trade (% of GDP) in 2024?
In 2024, Bahamas, The's Trade (% of GDP) was 79.24, according to World Bank Open Data.
Is Bahamas, The's Trade (% of GDP) rising or falling?
Bahamas, The's Trade (% of GDP) rose 3.5% from 2023 to 2024.
How does Bahamas, The rank globally on Trade (% of GDP)?
In 2024, Bahamas, The ranked #84 out of 160 countries reporting Trade (% of GDP).
How does Bahamas, The's Trade (% of GDP) compare to the world average?
The global average for Trade (% of GDP) in 2024 was 92.19, so Bahamas, The is below the world average. Within Latin America & Caribbean, it ranks #9 of 24.
What is Trade (% of GDP) and how is it measured?
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.