Bahamas: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Bahamas

Trade balance as percent of GDP

 Latest value -5.14
 Year 2022
 Measure percent
 Data availability 1977 - 2022
 Average -1.93
 Min - Max -13.46 - 16.51
 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 -1.93 percent with a minimum of -13.46 percent in 2011 and a maximum of 16.51 percent in 1977. The latest value from 2022 is -5.14 percent. For comparison, the world average in 2022 based on 149 countries is -4.42 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 - Trade balance, percent of GDP - Recent values chart

Historical chart
Bahamas - Trade balance, percent of GDP - historical chart - 1977-2022




The trade balance for the Bahamas and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).


 Related indicators Latest value Reference Measure
 Terms of trade 95.31 2021 percent
 Trade openness 80.20 2022 percent
 Financial openness -1.931 2021 index points
 Exports, percent of GDP 37.53 2022 percent
 Exports, billion dollars 4.84 2022 billion U.S. dollars
 Growth of exports 39.90 2022 percent
 Imports, percent of GDP 42.67 2022 percent
 Imports, billion dollars 5.50 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.12 2022 percent
 Foreign Direct Investment, billion dollars 1.25 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2016 million dollars (current)
 Current account, percent of GDP -13.62 2022 percent
 Current account, in dollars -1.76 2022 billion U.S. dollars
 Trade balance, percent of GDP -5.14 2022 percent
 Trade balance, in dollars -0.95 2022 billion U.S. dollars
 Reserves 2.61 2022 billion U.S. dollars
 Net errors and omissions 539.89 2022 million USD
 Foreign exchange reserves 2.58 9/2023 billion
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