Customs and other import duties (current LCU) in Bahamas
Bahamas: Customs and other import duties (current LCU) was 258.45 million current LCU in 2024. ▼ Falling
Customs and other import duties in Bahamas, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, customs and other import duties in Bahamas stood at 258.45 million current LCU.
That represents a change of up 3.8% on the previous year and down 23.4% over ten years.
Over the whole period, customs and other import duties in Bahamas peaked at 656.63 million current LCU in 2006 and was at its lowest, 192.37 million current LCU, in 2021.
Bahamas ranks 107th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Customs and other import duties (current LCU) in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 288.90 million current LCU | — |
| 1991 | 263.80 million current LCU | -8.7% |
| 1992 | 266.90 million current LCU | +1.2% |
| 1993 | 266.20 million current LCU | -0.3% |
| 1994 | 299.50 million current LCU | +12.5% |
| 1995 | 305.60 million current LCU | +2.0% |
| 1996 | 319.70 million current LCU | +4.6% |
| 1997 | 345.59 million current LCU | +8.1% |
| 1998 | 347.44 million current LCU | +0.5% |
| 1999 | 398.36 million current LCU | +14.7% |
| 2000 | 410.68 million current LCU | +3.1% |
| 2001 | 411.30 million current LCU | +0.2% |
| 2002 | 396.20 million current LCU | -3.7% |
| 2003 | 421.80 million current LCU | +6.5% |
| 2004 | 377.49 million current LCU | -10.5% |
| 2005 | 464.32 million current LCU | +23.0% |
| 2006 | 656.63 million current LCU | +41.4% |
| 2007 | 507.42 million current LCU | -22.7% |
| 2008 | 529.71 million current LCU | +4.4% |
| 2009 | 582.04 million current LCU | +9.9% |
| 2010 | 365.25 million current LCU | -37.2% |
| 2011 | 372.25 million current LCU | +1.9% |
| 2012 | 366.69 million current LCU | -1.5% |
| 2013 | 350.89 million current LCU | -4.3% |
| 2014 | 337.19 million current LCU | -3.9% |
| 2015 | 307.87 million current LCU | -8.7% |
| 2016 | 263.47 million current LCU | -14.4% |
| 2017 | 286.05 million current LCU | +8.6% |
| 2018 | 270.43 million current LCU | -5.5% |
| 2019 | 284.46 million current LCU | +5.2% |
| 2020 | 227.03 million current LCU | -20.2% |
| 2021 | 192.37 million current LCU | -15.3% |
| 2022 | 248.58 million current LCU | +29.2% |
| 2023 | 248.88 million current LCU | +0.1% |
| 2024 | 258.45 million current LCU | +3.8% |
Bahamas compared with similar countries
- Bahamas's 258.45 million current LCU is above the median for high income countries, which is 83.80 million current LCU, 3.1× the median. (54 countries reporting)
- Bahamas's 258.45 million current LCU is below the median for Latin America & Caribbean, which is 3.44 billion current LCU, 8% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 310.20 million current LCU | 263.80 million current LCU | 398.36 million current LCU | 10 |
| 2000s | 475.76 million current LCU | 377.49 million current LCU | 656.63 million current LCU | 10 |
| 2010s | 320.46 million current LCU | 263.47 million current LCU | 372.25 million current LCU | 10 |
| 2020s | 235.06 million current LCU | 192.37 million current LCU | 258.45 million current LCU | 5 |
Countries ranked near Bahamas
More public sector data for Bahamas
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per capita 30.73 SIPRI trend indicator values per person (2017)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2017)
Frequently asked questions
- What is customs and other import duties in Bahamas?
- Customs and other import duties in Bahamas was 258.45 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Bahamas?
- The highest recorded value was 656.63 million current LCU in 2006.
- What is the lowest customs and other import duties recorded in Bahamas?
- The lowest recorded value was 192.37 million current LCU in 2021.
- How does Bahamas rank for customs and other import duties?
- Bahamas ranks 107th out of 152 countries with data for 2024.
- Is customs and other import duties rising or falling in Bahamas?
- Over the last ten years it is down 23.4%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.