Goods and services expense (current LCU) in Bahamas
Bahamas: Goods and services expense (current LCU) was 561.44 million current LCU in 2024. ◆ Volatile
Goods and services expense in Bahamas, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Bahamas is 561.44 million current LCU, measured in 2024.
That represents a change of down 16.4% on the previous year and up 55.4% over ten years.
Over the whole period, goods and services expense in Bahamas peaked at 671.67 million current LCU in 2023 and was at its lowest, 101.90 million current LCU, in 1993.
That places Bahamas 138th out of 155 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Bahamas, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 110.00 million current LCU | — |
| 1991 | 111.20 million current LCU | +1.1% |
| 1992 | 121.50 million current LCU | +9.3% |
| 1993 | 101.90 million current LCU | -16.1% |
| 1994 | 102.00 million current LCU | +0.1% |
| 1995 | 114.20 million current LCU | +12.0% |
| 1996 | 146.70 million current LCU | +28.5% |
| 1997 | 154.40 million current LCU | +5.2% |
| 1998 | 163.22 million current LCU | +5.7% |
| 1999 | 170.42 million current LCU | +4.4% |
| 2000 | 167.60 million current LCU | -1.7% |
| 2001 | 184.80 million current LCU | +10.3% |
| 2002 | 201.50 million current LCU | +9.0% |
| 2003 | 233.20 million current LCU | +15.7% |
| 2004 | 199.07 million current LCU | -14.6% |
| 2005 | 220.09 million current LCU | +10.6% |
| 2006 | 238.59 million current LCU | +8.4% |
| 2007 | 263.65 million current LCU | +10.5% |
| 2008 | 284.60 million current LCU | +7.9% |
| 2009 | 319.13 million current LCU | +12.1% |
| 2010 | 322.38 million current LCU | +1.0% |
| 2011 | 381.88 million current LCU | +18.5% |
| 2012 | 382.62 million current LCU | +0.2% |
| 2013 | 394.03 million current LCU | +3.0% |
| 2014 | 361.20 million current LCU | -8.3% |
| 2015 | 369.71 million current LCU | +2.4% |
| 2016 | 432.36 million current LCU | +16.9% |
| 2017 | 575.74 million current LCU | +33.2% |
| 2018 | 448.84 million current LCU | -22.0% |
| 2019 | 591.23 million current LCU | +31.7% |
| 2020 | 561.71 million current LCU | -5.0% |
| 2021 | 613.61 million current LCU | +9.2% |
| 2022 | 638.60 million current LCU | +4.1% |
| 2023 | 671.67 million current LCU | +5.2% |
| 2024 | 561.44 million current LCU | -16.4% |
Bahamas compared with similar countries
- Bahamas's 561.44 million current LCU is below the median for high income countries, which is 14.51 billion current LCU, 4% of the median. (57 countries reporting)
- Bahamas's 561.44 million current LCU is below the median for Latin America & Caribbean, which is 14.98 billion current LCU, 4% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 129.55 million current LCU | 101.90 million current LCU | 170.42 million current LCU | 10 |
| 2000s | 231.22 million current LCU | 167.60 million current LCU | 319.13 million current LCU | 10 |
| 2010s | 426.00 million current LCU | 322.38 million current LCU | 591.23 million current LCU | 10 |
| 2020s | 609.41 million current LCU | 561.44 million current LCU | 671.67 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 goods and services expense in Bahamas?
- Goods and services expense in Bahamas was 561.44 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Bahamas?
- The highest recorded value was 671.67 million current LCU in 2023.
- What is the lowest goods and services expense recorded in Bahamas?
- The lowest recorded value was 101.90 million current LCU in 1993.
- How does Bahamas rank for goods and services expense?
- Bahamas ranks 138th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Bahamas?
- Over the last ten years it is up 55.4%. The long-run trend across the full record is volatile.
- 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.