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Total Value Added in Bahamas

Value added of Bahamas, 1970-2015

During 1970-2015 value added of Bahamas in current prices increased by 8.3 billion US dollars (in 17.4 times) to 8.8 billion US dollars; change occurred by 0.65 billion US dollars by increasing of people by 0.22 million, as well as by 7.7 billion US dollars by increasing of value added per capita by 19 785.0 US dollars. The average annual growth of value added of Bahamas was 0.19 billion US dollars or 6.6%. The average annual growth of value added of Bahamas in constant prices was 2.2%. Share in the world dropped by 0.0030%. Share in Americas decreased by 0.0021%. Minimal value added was in 1970 (0.51 billion US dollars). Maximal value added was in 2015 (8.8 billion US dollars).

During 1970-2015 value added per capita in Bahamas increased by 19 785.0 US dollars (in 7.6 times) to 22 779.5 US dollars. The average annual growth of value added per capita in current prices was 439.7 US dollars or 4.6%.

Change of value added of Bahamas described by linear regression model: y=0.21x-412.8, where y - estimated value of value added of Bahamas, x - year. Correlation rate = 0.986. Determination rate = 0.972.

Value added of Bahamas, 1970

Value added of Bahamas in 1970 was 0.51 billion US dollars, ranked 108th in the world and was on par with value added of Paraguay (0.51 bln. US dollars), value added of Iceland (0.47 bln. US dollars). Share of Bahamas in the world value added was 0.016%.

Value added per capita in Bahamas in 1970 was worth 2 994.5 US dollars, ranked 18th in the world and was on par with value added per capita in Luxembourg (3 195.1 US dollars), value added per capita in Australia (3 104.8 US dollars), value added per capita in Denmark (2 997.9 US dollars), value added per capita in Aruba (2 846.6 US dollars). Value added per capita in Bahamas was greater than value added per capita in the World (889.0 US dollars) by 2 105.5 US dollars.

Comparison of value added in Bahamas and the neighbors in 1970. Value added of Bahamas was greater than value added of Turks and Caicos Islands (0.0 billion US dollars), but was less than value added of the United States (1 064.0 billion US dollars), value added of Cuba (5.2 billion US dollars). Value added per capita in Bahamas was greater than value added per capita in Turks and Caicos Islands (1 824.4 US dollars), value added per capita in Cuba (593.9 US dollars), but was less than value added per capita in the United States (5 079.3 US dollars).

Comparison of value added in Bahamas and leaders in 1970. Value added of Bahamas was less than value added of the United States (1 064.0 billion US dollars) in 2 098.2 times, value added of Japan (203.7 billion US dollars) in 401.7 times, value added of Germany (196.6 billion US dollars) in 387.6 times, value added of the United Kingdom (114.2 billion US dollars) in 225.1 times, value added of China (92.6 billion US dollars) in 182.6 times. Value added per capita in Bahamas was greater than value added per capita in Germany (2 508.6 US dollars) by 19.4%, value added per capita in the United Kingdom (2 052.8 US dollars) by 45.9%, value added per capita in Japan (1 964.9 US dollars) by 52.4%, value added per capita in China (114.7 US dollars) in 26.1 times, but was less than value added per capita in the United States (5 079.3 US dollars) by 69.6%.

Potential value added of Bahamas in 1970. With value added per capita at the level of the United States (5 079.3 US dollars), value added of Bahamas would be 0.86 billion US dollars, it is by 69.6% more than the actual level.

Value added of Bahamas, 2015

Value added of Bahamas in 2015 was worth 8.8 billion US dollars, ranked 140th in the world and was on par with value added of Madagascar (9.2 bln. US dollars), value added of Haiti (9.0 bln. US dollars), value added of Malta (8.4 bln. US dollars), value added of Macedonia (8.4 bln. US dollars), value added of Congo (8.3 bln. US dollars). Share of Bahamas in the world value added was 0.013%.

Value added per capita in Bahamas in 2015 was 22 779.5 US dollars, ranked 44th in the world and was on par with value added per capita in Spain (23 482.0 US dollars), value added per capita in Turks and Caicos Islands (22 809.4 US dollars), value added per capita in Bahrain (22 389.7 US dollars). Value added per capita in Bahamas was greater than value added per capita in the World (9 616.5 US dollars) by 13 163.0 US dollars.

Comparison of value added in Bahamas and the neighbors in 2015. Value added of Bahamas was greater than value added of Turks and Caicos Islands (0.8 billion US dollars), but was less than value added of the United States (18 036.7 billion US dollars), value added of Cuba (86.1 billion US dollars). Value added per capita in Bahamas was greater than value added per capita in Cuba (7 562.4 US dollars), but was less than value added per capita in the United States (56 054.2 US dollars), value added per capita in Turks and Caicos Islands (22 809.4 US dollars).

Comparison of value added in Bahamas and leaders in 2015. Value added of Bahamas was less than value added of the United States (18 036.7 billion US dollars) in 2 040.6 times, value added of China (11 007.7 billion US dollars) in 1 245.4 times, value added of Japan (4 351.5 billion US dollars) in 492.3 times, value added of Germany (3 027.4 billion US dollars) in 342.5 times, value added of the United Kingdom (2 545.5 billion US dollars) in 288.0 times. Value added per capita in Bahamas was greater than value added per capita in China (7 999.5 US dollars) in 2.8 times, but was less than value added per capita in the United States (56 054.2 US dollars) in 2.5 times, value added per capita in the United Kingdom (39 333.5 US dollars) by 72.7%, value added per capita in Germany (37 519.1 US dollars) by 64.7%, value added per capita in Japan (34 379.5 US dollars) by 50.9%.

Potential value added of Bahamas in 2015. With value added per capita at the level of the United States (56 054.2 US dollars), value added of Bahamas would be 21.8 billion US dollars, it is in 2.5 times more than the actual level. With value added per capita at the level of Americas (24 589.3 US dollars), value added of Bahamas would be 9.5 billion US dollars, it is by 7.9% more than the actual level.

Size of value added in Bahamas

Total Value Added in Bahamas, bln. US dollars
Prices197019801990200020102015
current prices0.511.43.76.17.98.8
constant prices19700.510.670.901.21.31.3
20053.03.95.26.97.67.7
Picture. Bahamas: value added

value added in Bahamas and its neighbors, bln. $
Country197019801990200020102015
United States1 064.02 853.85 977.010 284.614 964.118 036.7
Cuba5.218.126.725.863.786.1
Bahamas0.511.43.76.17.98.8
Turks and Caicos Islands0.0100.0340.110.310.660.78

value added in Bahamas and leaders, bln. $
Country197019801990200020102015
United States1 064.02 853.85 977.010 284.614 964.118 036.7
China92.6306.2394.61 211.36 100.611 007.7
Japan203.71 097.83 071.14 869.55 654.44 351.5
Germany196.6866.81 609.51 759.03 074.93 027.4
United Kingdom114.2501.7923.11 465.12 185.82 545.5
Bahamas0.511.43.76.17.98.8

Growth of value added in Bahamas

Picture. Bahamas: value added, growth Picture. Bahamas: value added, growth

value added per capita in Bahamas

Picture. Bahamas: value added per capita Picture. Bahamas: value added per capita

value added per capita in Bahamas and its neighbors, $
Country197019801990200020102015
United States5 079.312 430.123 638.536 354.248 290.356 054.2
Turks and Caicos Islands1 824.44 493.69 603.516 244.821 264.722 809.4
Bahamas2 994.56 680.114 278.220 445.121 772.722 779.5
Cuba593.91 838.02 522.42 317.25 630.57 562.4

value added per capita in Bahamas and leaders, $
Country197019801990200020102015
United States5 079.312 430.123 638.536 354.248 290.356 054.2
United Kingdom2 052.88 924.616 163.024 889.034 853.139 333.5
Germany2 508.611 090.420 383.821 478.638 228.837 519.1
Japan1 964.99 470.725 121.938 734.644 411.134 379.5
Bahamas2 994.56 680.114 278.220 445.121 772.722 779.5
China114.7312.8341.5954.24 549.67 999.5

Structure of value added in Bahamas

Bahamas: structure of economy
Yearagricultureindustryconstructiontradetransportsservices
19702.27.46.528.08.347.6
19802.27.46.527.98.347.6
19902.96.66.430.48.745.0
20002.79.27.524.48.148.1
20102.27.08.222.98.051.7
20151.66.46.321.78.955.1
Picture. Bahamas: structure of economy by sectors, 2015, %

© Ivan Kushnir

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