Services sector's value added to GDP per worker Bahamas

The value added by the services industry to the gross domestic product in the Bahamas increased by 2,521 U.S. dollars per worker (+4.92 percent) compared to the previous year. In total, the value added amounted to 53,773.94 U.S. dollars per worker in 2022.
Value added per worker is a widely used method to measure labor productivity. It is calculated by dividing value added of a sector by the number of employed in the sector. Value added means the value of the gross output of producers less the value of intermediate goods and services consumer in production.

Find more statistics on other topics about the Bahamas with key insights such as value added by the agriculture, forestry and fishing sector to the gross domestic product, share of value added by the services industry to gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

Value added by the services industry to the gross domestic product (GDP) per worker in the Bahamas from 2013 to 2022 (in U.S. dollars)

Characteristic	Value in U.S. dollars
2022	53,773.94
2021	51,252.92
2020	48,150.81
2019	52,983.43
2018	53,214.49
2017	52,056.76
2016	54,059.71
2015	54,976.82
2014	55,204.4
2013	56,375.26

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Release date

October 2024

More information

Region

Bahamas

Survey time period

2013 to 2022

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, 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.

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