Goods and services expense (% of expense) in Bahamas
Bahamas: Goods and services expense (% of expense) was 21.6% in 2023. ▲ Rising
Goods and services expense in Bahamas, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Bahamas stood at 21.6%.
That represents a change of up 5.0% on the previous year and down 6.6% over ten years.
Over the whole period, goods and services expense in Bahamas peaked at 24.1% in 2019 and was at its lowest, 18.3%, in 1994.
Bahamas ranks 38th of 154 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Goods and services expense (% of expense) in Bahamas, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 20.9% | — |
| 1991 | 20.5% | -2.1% |
| 1992 | 21.6% | +5.6% |
| 1993 | 18.9% | -12.5% |
| 1994 | 18.3% | -3.4% |
| 1995 | 19.2% | +5.0% |
| 1996 | 22.3% | +16.1% |
| 1997 | 21.7% | -2.6% |
| 1998 | 22.3% | +2.8% |
| 1999 | 21.5% | -3.7% |
| 2000 | 20.2% | -5.8% |
| 2001 | 21.3% | +5.4% |
| 2002 | 21.8% | +2.5% |
| 2003 | 23.3% | +6.9% |
| 2004 | 19.5% | -16.5% |
| 2005 | 19.7% | +1.1% |
| 2006 | 20.1% | +2.1% |
| 2007 | 20.9% | +4.0% |
| 2008 | 21.2% | +1.1% |
| 2009 | 22.4% | +6.1% |
| 2010 | 20.7% | -7.6% |
| 2011 | 22.9% | +10.4% |
| 2012 | 21.8% | -4.7% |
| 2013 | 23.1% | +6.1% |
| 2014 | 20.5% | -11.3% |
| 2015 | 19.4% | -5.3% |
| 2016 | 20.3% | +4.7% |
| 2017 | 23.4% | +15.2% |
| 2018 | 20.1% | -14.1% |
| 2019 | 24.1% | +19.7% |
| 2020 | 21.0% | -13.0% |
| 2021 | 20.7% | -1.5% |
| 2022 | 20.6% | -0.4% |
| 2023 | 21.6% | +5.0% |
Bahamas compared with similar countries
- Bahamas's 21.6% is above the median for high income countries, which is 9.6%, 2.3× the median. (56 countries reporting)
- Bahamas's 21.6% is above the median for Latin America & Caribbean, which is 15.3%, 1.4× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.7% | 18.3% | 22.3% | 10 |
| 2000s | 21.1% | 19.5% | 23.3% | 10 |
| 2010s | 21.7% | 19.4% | 24.1% | 10 |
| 2020s | 21.0% | 20.6% | 21.6% | 4 |
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 21.6% in 2023, 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 24.1% in 2019.
- What is the lowest goods and services expense recorded in Bahamas?
- The lowest recorded value was 18.3% in 1994.
- How does Bahamas rank for goods and services expense?
- Bahamas ranks 38th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Bahamas?
- Over the last ten years it is down 6.6%. The long-run trend across the full record is rising.
- 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 (% of expense). 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.