Taxes on goods and services (current LCU), per unit of GDP in Bahamas
Bahamas: Taxes on goods and services (current LCU), per unit of GDP was 0.1137 current LCU per US$ of GDP in 2024. ◆ Volatile
Taxes on goods and services (current LCU), per unit of GDP in Bahamas, 1992–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Bahamas recorded 0.1137 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2024.
The figure is up 6.6% on the previous year and up 101.5% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Bahamas peaked at 0.13 current LCU per US$ of GDP in 2020 and was at its lowest, 0.0049 current LCU per US$ of GDP, in 1993.
Bahamas ranks 123rd of 157 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), per unit of GDP in Bahamas, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1992 | 0.0082 current LCU per US$ of GDP | — |
| 1993 | 0.0049 current LCU per US$ of GDP | -41.1% |
| 1994 | 0.0094 current LCU per US$ of GDP | +92.9% |
| 1995 | 0.0169 current LCU per US$ of GDP | +80.1% |
| 1996 | 0.0099 current LCU per US$ of GDP | -41.0% |
| 1997 | 0.0065 current LCU per US$ of GDP | -35.1% |
| 1998 | 0.0074 current LCU per US$ of GDP | +14.0% |
| 1999 | 0.0061 current LCU per US$ of GDP | -17.1% |
| 2000 | 0.0147 current LCU per US$ of GDP | +141.4% |
| 2001 | 0.0113 current LCU per US$ of GDP | -23.4% |
| 2002 | 0.0115 current LCU per US$ of GDP | +1.7% |
| 2003 | 0.0097 current LCU per US$ of GDP | -15.4% |
| 2004 | 0.0129 current LCU per US$ of GDP | +32.9% |
| 2005 | 0.0183 current LCU per US$ of GDP | +41.7% |
| 2006 | 0.0329 current LCU per US$ of GDP | +79.5% |
| 2007 | 0.0366 current LCU per US$ of GDP | +11.3% |
| 2008 | 0.015 current LCU per US$ of GDP | -58.9% |
| 2009 | 0.0374 current LCU per US$ of GDP | +148.8% |
| 2010 | 0.0511 current LCU per US$ of GDP | +36.4% |
| 2011 | 0.0679 current LCU per US$ of GDP | +32.8% |
| 2012 | 0.0621 current LCU per US$ of GDP | -8.6% |
| 2013 | 0.0539 current LCU per US$ of GDP | -13.2% |
| 2014 | 0.0564 current LCU per US$ of GDP | +4.8% |
| 2015 | 0.0762 current LCU per US$ of GDP | +34.9% |
| 2016 | 0.0972 current LCU per US$ of GDP | +27.6% |
| 2017 | 0.103 current LCU per US$ of GDP | +6.0% |
| 2018 | 0.0995 current LCU per US$ of GDP | -3.4% |
| 2019 | 0.1231 current LCU per US$ of GDP | +23.7% |
| 2020 | 0.13 current LCU per US$ of GDP | +5.6% |
| 2021 | 0.0969 current LCU per US$ of GDP | -25.4% |
| 2022 | 0.1071 current LCU per US$ of GDP | +10.5% |
| 2023 | 0.1067 current LCU per US$ of GDP | -0.4% |
| 2024 | 0.1137 current LCU per US$ of GDP | +6.6% |
Bahamas compared with similar countries
- Bahamas's 0.1137 current LCU per US$ of GDP is above the median for high income countries, which is 0.1137 current LCU per US$ of GDP, 1.0× the median. (57 countries reporting)
- Bahamas's 0.1137 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.5148 current LCU per US$ of GDP, 22% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0086 current LCU per US$ of GDP | 0.0049 current LCU per US$ of GDP | 0.0169 current LCU per US$ of GDP | 8 |
| 2000s | 0.0201 current LCU per US$ of GDP | 0.0097 current LCU per US$ of GDP | 0.0374 current LCU per US$ of GDP | 10 |
| 2010s | 0.079 current LCU per US$ of GDP | 0.0511 current LCU per US$ of GDP | 0.1231 current LCU per US$ of GDP | 10 |
| 2020s | 0.1109 current LCU per US$ of GDP | 0.0969 current LCU per US$ of GDP | 0.13 current LCU per US$ of GDP | 5 |
Countries ranked near Bahamas
- 120 Finland 0.1241 current LCU per US$ of GDP compare
- 121 Slovenia 0.1175 current LCU per US$ of GDP compare
- 122 El Salvador 0.1141 current LCU per US$ of GDP compare
- 124 Portugal 0.1108 current LCU per US$ of GDP compare
- 125 Cyprus 0.1099 current LCU per US$ of GDP compare
- 126 Austria 0.1053 current LCU per US$ of GDP compare
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 taxes on goods and services (current lcu), per unit of gdp in Bahamas?
- Taxes on goods and services (current lcu), per unit of gdp in Bahamas was 0.1137 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Bahamas?
- The highest recorded value was 0.13 current LCU per US$ of GDP in 2020.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Bahamas?
- The lowest recorded value was 0.0049 current LCU per US$ of GDP in 1993.
- How does Bahamas rank for taxes on goods and services (current lcu), per unit of gdp?
- Bahamas ranks 123rd out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Bahamas?
- Over the last ten years it is up 101.5%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.