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Household consumption expenditure in Bahamas

Household expenditure of Bahamas, 1970-2015

During 1970-2015 household expenditure of Bahamas in current prices grew by 5.4 billion US dollars (in 16.7 times) to 5.8 billion US dollars; change occurred by 0.45 billion US dollars by increasing of people by 0.22 million, as well as by 5.0 billion US dollars by increasing of household expenditure per capita by 12 872.5 US dollars. The average annual growth of household expenditure of Bahamas was 0.12 billion US dollars or 6.5%. The average annual growth of household expenditure of Bahamas in constant prices was 3.0%. Share in the world reduced by 0.0042%. Share in Americas dropped by 0.0080%. Minimal household expenditure was in 1970 (0.35 billion US dollars). Maximal household expenditure was in 2014 (6.2 billion US dollars).

During 1970-2015 household expenditure per capita in Bahamas increased by 12 872.5 US dollars (in 7.3 times) to 14 919.5 US dollars. The average annual growth of household expenditure per capita in current prices was 286.1 US dollars or 4.5%.

Change of household expenditure of Bahamas described by linear regression model: y=0.15x-292.1, where y - estimated value of household expenditure of Bahamas, x - year. Correlation rate = 0.98. Determination rate = 0.961.

Household expenditure of Bahamas, 1970

Household expenditure of Bahamas in 1970 was worth 0.35 billion US dollars, ranked 109th in the world and was on par with household expenditure of Sierra Leone (0.37 bln. US dollars), household expenditure of Paraguay (0.35 bln. US dollars), household expenditure of Niger (0.35 bln. US dollars), household expenditure of Malawi (0.35 bln. US dollars). Share of Bahamas in the world household expenditure was 0.018%.

Household expenditure per capita in Bahamas in 1970 was 2 047.0 US dollars, ranked 10th in the world and was on par with household expenditure per capita in Luxembourg (1 987.1 US dollars), household expenditure per capita in Denmark (1 909.5 US dollars). Household expenditure per capita in Bahamas was greater than household expenditure per capita in the World (531.2 US dollars) by 1 515.8 US dollars.

Comparison of household expenditure in Bahamas and the neighbors in 1970. Household expenditure of Bahamas was greater than household expenditure of Turks and Caicos Islands (0.0 billion US dollars), but was less than household expenditure of the United States (647.7 billion US dollars), household expenditure of Cuba (3.1 billion US dollars). Household expenditure per capita in Bahamas was greater than household expenditure per capita in Turks and Caicos Islands (853.4 US dollars), household expenditure per capita in Cuba (356.5 US dollars), but was less than household expenditure per capita in the United States (3 091.9 US dollars).

Comparison of household expenditure in Bahamas and leaders in 1970. Household expenditure of Bahamas was less than household expenditure of the United States (647.7 billion US dollars) in 1 868.4 times, household expenditure of Germany (120.2 billion US dollars) in 346.9 times, household expenditure of Japan (99.6 billion US dollars) in 287.3 times, household expenditure of the United Kingdom (86.2 billion US dollars) in 248.7 times, household expenditure of China (49.0 billion US dollars) in 141.4 times. Household expenditure per capita in Bahamas was greater than household expenditure per capita in the United Kingdom (1 550.2 US dollars) by 32.1%, household expenditure per capita in Germany (1 534.5 US dollars) by 33.4%, household expenditure per capita in Japan (960.6 US dollars) in 2.1 times, household expenditure per capita in China (60.7 US dollars) in 33.7 times, but was less than household expenditure per capita in the United States (3 091.9 US dollars) by 51%.

Potential household expenditure of Bahamas in 1970. With household expenditure per capita at the level of the United States (3 091.9 US dollars), household expenditure of Bahamas would be 0.52 billion US dollars, it is by 51% more than the actual level.

Household expenditure of Bahamas, 2015

Household expenditure of Bahamas in 2015 was equal to 5.8 billion US dollars, ranked 141st in the world and was on par with household expenditure of Burkina Faso (6.2 bln. US dollars), household expenditure of New Caledonia (5.8 bln. US dollars), household expenditure of Kyrgyzstan (5.8 bln. US dollars), household expenditure of Moldova (5.8 bln. US dollars), household expenditure of Benin (5.7 bln. US dollars), household expenditure of Kosovo (5.6 bln. US dollars). Share of Bahamas in the world household expenditure was 0.014%.

Household expenditure per capita in Bahamas in 2015 was worth 14 919.5 US dollars, ranked 42nd in the world and was on par with household expenditure per capita in Aruba (15 255.6 US dollars), household expenditure per capita in Cyprus (15 245.5 US dollars), household expenditure per capita in Qatar (15 140.6 US dollars), household expenditure per capita in Spain (15 029.7 US dollars). Household expenditure per capita in Bahamas was greater than household expenditure per capita in the World (5 813.3 US dollars) by 9 106.2 US dollars.

Comparison of household expenditure in Bahamas and the neighbors in 2015. Household expenditure of Bahamas was greater than household expenditure of Turks and Caicos Islands (0.4 billion US dollars), but was less than household expenditure of the United States (12 283.7 billion US dollars), household expenditure of Cuba (48.6 billion US dollars). Household expenditure per capita in Bahamas was greater than household expenditure per capita in Turks and Caicos Islands (10 376.5 US dollars), household expenditure per capita in Cuba (4 266.8 US dollars), but was less than household expenditure per capita in the United States (38 175.0 US dollars).

Comparison of household expenditure in Bahamas and leaders in 2015. Household expenditure of Bahamas was less than household expenditure of the United States (12 283.7 billion US dollars) in 2 121.9 times, household expenditure of China (4 251.4 billion US dollars) in 734.4 times, household expenditure of Japan (2 479.1 billion US dollars) in 428.2 times, household expenditure of the United Kingdom (1 857.7 billion US dollars) in 320.9 times, household expenditure of Germany (1 814.4 billion US dollars) in 313.4 times. Household expenditure per capita in Bahamas was greater than household expenditure per capita in China (3 089.6 US dollars) in 4.8 times, but was less than household expenditure per capita in the United States (38 175.0 US dollars) in 2.6 times, household expenditure per capita in the United Kingdom (28 704.8 US dollars) by 92.4%, household expenditure per capita in Germany (22 486.4 US dollars) by 50.7%, household expenditure per capita in Japan (19 586.5 US dollars) by 31.3%.

Potential household expenditure of Bahamas in 2015. With household expenditure per capita at the level of the United States (38 175.0 US dollars), household expenditure of Bahamas would be 14.8 billion US dollars, it is in 2.6 times more than the actual level. With household expenditure per capita at the level of Americas (17 056.3 US dollars), household expenditure of Bahamas would be 6.6 billion US dollars, it is by 14.3% more than the actual level.

Size of household expenditure in Bahamas

Household consumption expenditure in Bahamas, bln. US dollars
Prices197019801990200020102015
current prices0.350.702.44.05.45.8
constant prices19700.350.470.951.41.41.3
20051.21.63.24.64.64.5
Picture. Bahamas: household expenditure

household expenditure in Bahamas and its neighbors, bln. $
Country197019801990200020102015
United States647.71 754.63 825.76 792.410 202.212 283.7
Cuba3.110.815.418.632.448.6
Bahamas0.350.702.44.05.45.8
Turks and Caicos Islands0.00480.0160.0540.0980.170.36

household expenditure in Bahamas and leaders, bln. $
Country197019801990200020102015
United States647.71 754.63 825.76 792.410 202.212 283.7
China49.0156.0197.3567.62 157.34 251.4
Japan99.6582.91 620.02 659.43 291.82 479.1
United Kingdom86.2363.0716.81 087.51 584.51 857.7
Germany120.2560.71 000.51 114.31 915.51 814.4
Bahamas0.350.702.44.05.45.8

Growth of household expenditure in Bahamas

Picture. Bahamas: household expenditure, growth Picture. Bahamas: household expenditure, growth

household expenditure per capita in Bahamas

Picture. Bahamas: household expenditure per capita Picture. Bahamas: household expenditure per capita

household expenditure per capita in Bahamas and its neighbors, $
Country197019801990200020102015
United States3 091.97 642.415 130.424 010.032 923.138 175.0
Bahamas2 047.03 334.99 492.413 559.515 066.414 919.5
Turks and Caicos Islands853.42 103.84 676.15 207.95 323.710 376.5
Cuba356.51 098.21 459.11 675.52 862.64 266.8

household expenditure per capita in Bahamas and leaders, $
Country197019801990200020102015
United States3 091.97 642.415 130.424 010.032 923.138 175.0
United Kingdom1 550.26 456.912 551.218 474.625 264.028 704.8
Germany1 534.57 173.812 671.313 605.823 814.222 486.4
Japan960.65 028.913 251.921 154.125 854.919 586.5
Bahamas2 047.03 334.99 492.413 559.515 066.414 919.5
China60.7159.4170.7447.11 608.83 089.6

© Ivan Kushnir

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