Economic Indicators
Economic Indicators
Source: GDP (current US$) - Bahamas, The | Data
The graph clearly illustrates a long-term growth trend in The Bahamas' Gross Domestic Product in current US dollars, moving from near zero to a peak approaching $16 billion. The initial phase of the series shows a gradual, consistent rise, which transitions to a period of accelerated expansion around the midpoint. In the most recent years, the trend displays sharp, immediate movements: a significant contraction from the peak followed by an almost equally sharp and powerful surge, which returned the GDP to nearly its highest recorded value. This pattern highlights both the economy's high nominal ceiling and its tendency toward pronounced short-term fluctuations.
Source: GDP per capita (current US$) - Bahamas, The | Data
The GDP per capita trend shows a substantial, multi-decade increase, starting near zero and achieving a peak close to $40,000. Early on, the growth is steady and incremental, followed by a dramatic increase around the timeline's center point. The latter years of the data are characterized by repeated, steep drops and immediate, strong recoveries. For instance, a sharp decline from the $30,000 range is followed by a steep increase, then another significant plunge, and a subsequent rapid ascent to the series' highest recorded point. This demonstrates the country's average economic output per person is subject to frequent, sharp upward and downward swings, even as the long-term trend remains positive.
Source: Inflation, consumer prices (annual %) - Bahamas, The | Data
This graph reveals that the annual rate of consumer price inflation in The Bahamas is marked by significant and frequent changes, demonstrating high price instability over the recent period. The inflation rate starts moderately, then falls sharply to below 1%, followed by minor, fluctuating movements that include a point where the rate nears zero (deflation). The most prominent feature is the massive surge late in the series, where the rate climbs steeply to a peak exceeding 5.5%. This peak is immediately succeeded by a steep and continuous decline, bringing the inflation rate rapidly back toward 1% in the final recorded data point.
Source: Bahamas - WID - World Inequality Database
The Gini index of national income for The Bahamas shows an overall long-term decline in income inequality across the period, although this trend is punctuated by significant spikes. From 1980 to approximately 2000, the index remained stable and high, hovering around 0.68. Following this period of stability, the index experienced an initial surge to its highest peak, near 0.69, around 2002. From the 2002 peak, the Gini coefficient generally trended downward for over a decade, falling below 0.66 by 2015, which indicates a gradual reduction in income inequality. However, the final part of the series is characterized by a major, abrupt spike where the index drops to its lowest recorded value, near 0.65, followed by a sharp ascent that creates a prominent peak around 0.675 in the early 2020s. This sharp peak is immediately succeeded by an equally steep drop-off, stabilizing the index at its lowest point, around 0.65, in the most recent data.
Source: World Bank
Source: Unemployment Rate in the Bahamas, Statista
The unemployment rate over this period exhibits significant cyclical movement and year-to-year variation, ranging from approximately 7% to over 16%. The rate began the series above 12%, then declined steadily through the mid-1990s to reach its lowest recorded point near 7% around the year 2000. Following this low, the rate began a long, choppy ascent, culminating in the highest recorded peak, exceeding 16%, around 2014. After 2014, the unemployment rate generally trended downward, though it was interrupted by a distinct spike near 12% around 2020. The final four data points show a continuous, significant decline, bringing the rate to figures comparable to the early 2000s.
Source: Life expectancy at birth, total (years) - Bahamas, The | Data
The life expectancy at birth for The Bahamas generally follows a long-term upward trend, increasing steadily from approximately 72.5 years in 2000 to a peak near 74.0 years by 2014. After 2014, the rate stabilizes for a few years before the series displays two large, sharp declines and immediate recoveries. Specifically, there is a distinct drop around 2019, followed by a partial rebound, and then a more severe plunge to the lowest point in the series, near 70.7 years, around 2021. This severe dip is immediately succeeded by a very sharp ascent that returns the life expectancy to a new high, nearing 74.5 years, in the latest data point.