GDP Growth Rate
Year -
2.64%
In 2023, The Bahamas experienced a significant a decrease in its GDP growth rate, which fall to 2.64% from 10.78% in 2022. Additionally, the GDP per capita growth rate in The Bahamas decrease to 1.98% in 2023, compared to 10.22% in 2022.
In 2023, The Bahamas experienced a decrease in economic performance, with the GDP growth rate falling by 8.14%. Additionally, the GDP per capita growth rate decrease by 8.24%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 10.67% | 10.67% | 5.41% | 5.41% |
| 1962 | 10.45% | -0.22% | 5.13% | -0.28% |
| 1963 | 10.52% | 0.07% | 5.25% | 0.12% |
| 1964 | 10.5% | -0.02% | 5.61% | 0.36% |
| 1965 | 10.43% | -0.07% | 5.8% | 0.19% |
| 1966 | 9.07% | -1.36% | 4.41% | -1.39% |
| 1967 | 9.6% | 0.53% | 4.84% | 0.43% |
| 1968 | 8.42% | -1.18% | 3.67% | -1.17% |
| 1969 | 8.98% | 0.56% | 4.38% | 0.71% |
| 1970 | -5.65% | -14.63% | -9.01% | -13.39% |
| 1971 | 1.63% | 7.28% | -1.3% | 7.71% |
| 1972 | -3.5% | -5.13% | -5.92% | -4.62% |
| 1973 | 7.57% | 11.07% | 5.13% | 11.05% |
| 1974 | -16.75% | -24.32% | -18.52% | -23.65% |
| 1975 | -14.8% | 1.95% | -16.54% | 1.98% |
| 1976 | 5.19% | 19.99% | 3.03% | 19.57% |
| 1977 | 9.15% | 3.96% | 6.85% | 3.82% |
| 1978 | 14.18% | 5.03% | 11.8% | 4.95% |
| 1979 | 26.14% | 11.96% | 23.6% | 11.80% |
| 1980 | 6.5% | -19.64% | 4.44% | -19.16% |
| 1981 | -9.23% | -15.73% | -10.9% | -15.34% |
| 1982 | 6.7% | 15.93% | 4.76% | 15.66% |
| 1983 | 3.6% | -3.10% | 1.67% | -3.09% |
| 1984 | 14.17% | 10.57% | 12% | 10.33% |
| 1985 | 4.83% | -9.34% | 2.8% | -9.20% |
| 1986 | 1.8% | -3.03% | -0.18% | -2.98% |
| 1987 | 2.98% | 1.18% | 1.05% | 1.23% |
| 1988 | 2.31% | -0.67% | 0.41% | -0.64% |
| 1989 | 6.73% | 4.42% | 4.7% | 4.29% |
| 1990 | -1.6% | -8.33% | -3.48% | -8.18% |
| 1991 | -4.18% | -2.58% | -6.05% | -2.57% |
| 1992 | -3.83% | 0.35% | -5.84% | 0.21% |
| 1993 | 0.31% | 4.14% | -1.85% | 3.99% |
| 1994 | 3.15% | 2.84% | 1.1% | 2.95% |
| 1995 | 4.38% | 1.23% | 2.44% | 1.34% |
| 1996 | 4.22% | -0.16% | 2.39% | -0.05% |
| 1997 | 1.29% | -2.93% | -0.42% | -2.81% |
| 1998 | 4.72% | 3.43% | 2.98% | 3.40% |
| 1999 | 7.14% | 2.42% | 5.51% | 2.53% |
| 2000 | 4.15% | -2.99% | 2.63% | -2.88% |
| 2001 | 2.63% | -1.52% | 1.19% | -1.44% |
| 2002 | 2.7% | 0.07% | 1.36% | 0.17% |
| 2003 | -1.26% | -3.96% | -2.57% | -3.93% |
| 2004 | 0.88% | 2.14% | -0.47% | 2.10% |
| 2005 | 3.4% | 2.52% | 1.99% | 2.46% |
| 2006 | 2.52% | -0.88% | 1.1% | -0.89% |
| 2007 | 1.45% | -1.07% | 0.03% | -1.07% |
| 2008 | -2.32% | -3.77% | -3.7% | -3.73% |
| 2009 | -4.18% | -1.86% | -5.55% | -1.85% |
| 2010 | 1.54% | 5.72% | 0.12% | 5.67% |
| 2011 | 0.61% | -0.93% | -0.63% | -0.75% |
| 2012 | 3% | 2.39% | 1.89% | 2.52% |
| 2013 | -2.86% | -5.86% | -3.77% | -5.66% |
| 2014 | 1.85% | 4.71% | 0.94% | 4.71% |
| 2015 | 1% | -0.85% | 0.08% | -0.86% |
| 2016 | -0.96% | -1.96% | -1.78% | -1.86% |
| 2017 | 2.8% | 3.76% | 2.02% | 3.80% |
| 2018 | 2.63% | -0.17% | 1.89% | -0.13% |
| 2019 | -1.36% | -3.99% | -2% | -3.89% |
| 2020 | -21.42% | -20.06% | -21.79% | -19.79% |
| 2021 | 15.4% | 36.82% | 15% | 36.79% |
| 2022 | 10.78% | -4.62% | 10.22% | -4.78% |
| 2023 | 2.64% | -8.14% | 1.98% | -8.24% |