Bahamas: economy and key statistics
Bahamas is number 142 in the 311 Nations Index, with a GDP of $15.8 billion in 2024. GDP per person is $39,455. The economy grew by 3.4% in 2024. Unemployment is 9.2%. The economy is 77% services, 10% industry, 1% agriculture.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Bahamas is number 155 in the 311 National Power Index, scoring 19.6 out of 100: economic 43, technology 6, military 0 and human capital 34.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $15.8 billion | 2024 |
| GDP (purchasing power) | $16.6 billion | 2024 |
| GDP per person | $39,455 | 2024 |
| Economic growth | +3.4% | 2024 |
| Inflation | 0.4% | 2024 |
| Unemployment | 9.2% | 2025 |
| Population | 0.4 million | 2025 |
| Labour force | 0.2 million | 2025 |
| Services share of GDP | 77% | 2024 |
| Industry share of GDP | 10% | 2024 |
| Manufacturing share of GDP | 1% | 2024 |
| Agriculture share of GDP | 1% | 2024 |
| Exports share of GDP | 38% | 2024 |
| Foreign direct investment | 1.5% of GDP | 2024 |
| High-tech share of manufactured exports | 0% | 2024 |
| Internet users | 92% of people | 2024 |
Main export industries
Bahamas exported goods worth about $0.9bn in 2024. Its biggest export industries:
- Mineral fuels, mineral oils and products of their distillation: $0.4bn (38.3% of goods exports)
- Printed books, newspapers, pictures and other products of the printing industry: $0.1bn (11.3% of goods exports)
- Fish and crustaceans, molluscs and other aquatic invertebrates: $0.1bn (10.1% of goods exports)
- Ships, boats and floating structures: $0.1bn (9.8% of goods exports)
- Plastics and articles thereof: $0.1bn (6.7% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in North America
- United States (#1)
- Canada (#10)
- Mexico (#14)
- Puerto Rico (US) (#65)
- Dominican Republic (#66)
- Guatemala (#68)
- Costa Rica (#74)
- Panama (#82)
- Honduras (#105)
- El Salvador (#109)
- Haiti (#112)
- Trinidad and Tobago (#122)
- Jamaica (#125)
- Nicaragua (#128)
- Bermuda (#153)
Questions and answers
How big is the economy of Bahamas?
Bahamas had a GDP of $15.8 billion in 2024, ranking number 142 in the 311 Nations Index.
What is GDP per person in Bahamas?
GDP per person in Bahamas was $39,455 in 2024.
How fast is the economy of Bahamas growing?
The economy of Bahamas grew by 3.4% in 2024.
Source: World Bank, World Development Indicators (CC BY 4.0).
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