Services sector's value added to GDP in the Bahamas

The value added by the services industry to the gross domestic product in the Bahamas increased by 0.2 billion U.S. dollars (+2.04 percent) in 2023 in comparison to the previous year. While the growth is slowing down, with 10.01 billion U.S. dollars, the value added is at its peak in the observed period.
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 share of value added by the services industry to gross domestic product, 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.

Value added by the services industry to the gross domestic product (GDP) in the Bahamas from 2014 to 2023 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2023	10.01
2022	9.82
2021	8.89
2020	7.95
2019	9.56
2018	9.46
2017	9.11
2016	9.02
2015	9.09
2014	8.77

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Release date

October 2024

More information

Region

Bahamas

Survey time period

2014 to 2023

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, 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.

Figures have been rounded.

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