Bahamas: Share of services

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Bahamas: Value added in the services sector as percent of GDP

, 1984 - 2019: For that indicator, we provide data for the Bahamas from 1984 to 2019. The average value for the Bahamas during that period was 75.78 percent with a minimum of 66.61 percent in 1992 and a maximum of 82.35 percent in 2001. The latest value from 2019 is 71.17 percent. For comparison, the world average in 2019 based on 161 countries is 54.93 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

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The importance of services in the economy of the Bahamas and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.
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