Services sector share of GDP in the Bahamas 2023

In 2023, the share of value added by the services industry to gross domestic product in the Bahamas remained nearly unchanged at around 80.84 percent. With a decline of 1.2 percentage points (-1.46 percent), there is no significant change to 2022.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

Find more statistics on other topics about the Bahamas with key insights such as national gross income per capita, share of value added by the manufacturing industry to the gross domestic product, and value added by the services industry to the gross domestic product.

Share of value added by the services industry to gross domestic product (GDP) in the Bahamas from 2007 to 2023

Characteristic	Share of GDP
2023	80.84%
2022	82.07%
2021	80.42%
2020	78.66%
2019	74.9%
2018	76.15%
2017	76.15%
2016	77.85%
2015	77.9%
2014	79.58%
2013	79.63%
2012	76.94%
2011	79.86%
2010	81.14%
2009	82.39%
2008	81.2%
2007	82.08%

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Release date

October 2024

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Region

Bahamas

Survey time period

2007 to 2023

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. 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 source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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