Bahamas: Economic globalization

* indicates monthly or quarterly data series
 Bahamas

Economic globalization index (0-100)

 Latest value 45.00
 Year 2021
 Measure points
 Data availability 1973 - 2021
 Average 49.98
 Min - Max 37.69 - 59.96
 Source The Swiss Institute of Technology in Zurich
For that indicator, we provide data for the Bahamas from 1973 to 2021. The average value for the Bahamas during that period was 49.98 points with a minimum of 37.69 points in 1997 and a maximum of 59.96 points in 1978. The latest value from 2021 is 45 points. For comparison, the world average in 2021 based on 184 countries is 58.31 points. 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 - Economic globalization - Recent values chart

Historical chart
Bahamas - Economic globalization - historical chart - 1973-2021




The KOF Economic Globalization Index for the Bahamas and other countries has two dimensions. First, it measures the economic flows between the Bahamas and the rest of the world in terms of international trade and international investment. The question is whether the Bahamas exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.
Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.


 Related indicators Latest value Reference Measure
 Overall globalization 54.00 2021 points
 Economic globalization 45.00 2021 points
 Political globalization 35.00 2021 points
 Social globalization 84.00 2021 points
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