Bahamas: Government spending, percent of GDP

* indicates monthly or quarterly data series

Government spending as percent of GDP

 Latest value 13.82
 Year 2022
 Measure percent
 Data availability 1977 - 2022
 Average 12.30
 Min - Max 9.18 - 15.58
 Source The World Bank
For that indicator, we provide data for the Bahamas from 1977 to 2022. The average value for the Bahamas during that period was 12.3 percent with a minimum of 9.18 percent in 1999 and a maximum of 15.58 percent in 2020. The latest value from 2022 is 13.82 percent. For comparison, the world average in 2022 based on 143 countries is 16.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Bahamas - Government spending, percent of GDP - Recent values chart

Historical chart
Bahamas - Government spending, percent of GDP - historical chart - 1977-2022

The government size of the Bahamas and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.82 2022 percent
 Government spending, in dollars 1.78 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -5.90 2022 percent
 Government debt 86.40 2023 percent
 Government expenditure 0.45 Q3/2022 billion
 Tax revenue 16.73 2022 percent
 Commercial tax rate 33.80 2019 percent
 Tax preparation time 155 2019 hours
 Number of taxes 20 2019 taxes
 Taxes on goods and services 57.13 2022 percent
 Taxes on international trade 19.64 2022 percent
 Foreign aid 4.48 2004 million U.S. dollars
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