Bahamas: Share of industry

The latest value from 2024 is 9.63 percent, a decline from 9.78 percent in 2023. In comparison, the world average is 25.48 percent, based on data from 181 countries. Historically, the average for the Bahamas from 1989 to 2024 is 12.14 percent. The minimum value, 9.26 percent, was reached in 2007 while the maximum of 15.7 percent was recorded in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.

The importance of industry in the economy of the Bahamas and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.

Definition: Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.