Subsidies and other transfers in Bahamas
Bahamas: Subsidies and other transfers was 22.5% in 2023. ▲ Rising
Subsidies and other transfers in Bahamas, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Bahamas recorded 22.5% for subsidies and other transfers in 2023.
The figure is down 11.7% on the previous year and up 192.9% over ten years.
Over the whole period, subsidies and other transfers in Bahamas peaked at 29.8% in 2021 and was at its lowest, 5.9%, in 1991.
Bahamas ranks 119th of 152 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Subsidies and other transfers in Bahamas, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 6.1% | — |
| 1991 | 5.9% | -3.8% |
| 1992 | 7.5% | +26.8% |
| 1993 | 9.4% | +26.4% |
| 1994 | 9.8% | +3.5% |
| 1995 | 12.0% | +22.8% |
| 1996 | 13.6% | +13.7% |
| 1997 | 13.3% | -2.6% |
| 1998 | 11.5% | -13.9% |
| 1999 | 18.4% | +60.8% |
| 2000 | 25.4% | +37.9% |
| 2001 | 23.8% | -6.4% |
| 2002 | 23.5% | -1.0% |
| 2003 | 23.3% | -1.0% |
| 2004 | 24.7% | +6.1% |
| 2005 | 26.7% | +8.0% |
| 2006 | 20.4% | -23.7% |
| 2007 | 23.7% | +16.2% |
| 2008 | 23.6% | -0.4% |
| 2009 | 20.4% | -13.8% |
| 2010 | 7.8% | -61.5% |
| 2011 | 9.5% | +20.9% |
| 2012 | 7.3% | -23.3% |
| 2013 | 7.7% | +5.8% |
| 2014 | 9.4% | +22.8% |
| 2015 | 19.5% | +106.8% |
| 2016 | 24.7% | +26.8% |
| 2017 | 23.4% | -5.3% |
| 2018 | 22.5% | -4.1% |
| 2019 | 23.9% | +6.4% |
| 2020 | 23.3% | -2.6% |
| 2021 | 29.8% | +28.0% |
| 2022 | 25.5% | -14.6% |
| 2023 | 22.5% | -11.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.8% | 5.9% | 18.4% | 10 |
| 2000s | 23.6% | 20.4% | 26.7% | 10 |
| 2010s | 15.6% | 7.3% | 24.7% | 10 |
| 2020s | 25.3% | 22.5% | 29.8% | 4 |
Countries ranked near Bahamas
- 116 Saint Vincent and the Grenadines 23.5% compare
- 117 El Salvador 23.3% compare
- 118 Malawi 22.7% compare
- 120 Singapore 22.5% compare
- 121 United Arab Emirates 22.4% compare
- 122 Sri Lanka 21.0% compare
More public sector data for Bahamas
- 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)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,199 SIPRI trend indicator values per square kilometre (2017)
- Tax revenue 17.3% (2024)
- Capital stock, General government, Current prices, Domestic currency 2.72 (2019)
- Capital stock, General government, Constant prices, Percent of GDP 24.77 (2019)
- Capital stock, General government, Constant prices, Purchasing power 3.16 (2019)
- Taxes on goods and services 58.7% (2024)
Frequently asked questions
- What is subsidies and other transfers in Bahamas?
- Subsidies and other transfers in Bahamas was 22.5% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Bahamas?
- The highest recorded value was 29.8% in 2021.
- What is the lowest subsidies and other transfers recorded in Bahamas?
- The lowest recorded value was 5.9% in 1991.
- How does Bahamas rank for subsidies and other transfers?
- Bahamas ranks 119th out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Bahamas?
- Over the last ten years it is up 192.9%. 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.