Foreign Trade (As % of GDP) rose to 75.5% in Bahamas in 2017

Foreign Trade (As % of GDP) (%)
Economy | Bahamas | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 75.5 % in 2017 in Bahamas, according to the National Statistical Office. This is 2.69 % more than in the previous year.

Historically, foreign trade as a share of GDP in Bahamas reached an all time high of 150 % in 1978 and an all time low of 70.3 % in 2002. When compared to Bahamas's main peers, foreign trade as a share of GDP in Cuba amounted to 26.2 %, 52.9 % in Dominican Republic, 75.3 % in Haiti and 27.1 % in USA in 2017.

Bahamas has been ranked 84th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 9 places behind the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bahamas % 88.3% 84.3% 85.5% 87.7% 73.7%
Canada % 62.3% 62.4% 62.0% 64.1% 65.8%
China % 50.6% 48.1% 46.6% 44.9% 39.5%
Cuba % 47.0% 45.9% 44.3% 39.3% 31.6%
Dominican Republic % 59.0% 58.4% 56.7% 56.2% 53.9%
Haiti % 76.4% 70.1% 70.5% 71.3% 70.6%
Jamaica % 83.8% 82.0% 83.3% 84.7% 76.1%
Japan % 30.4% 30.6% 34.1% 37.5% 35.6%
Mexico % 63.5% 65.8% 63.8% 65.0% 71.2%
Puerto Rico % 109% 103% 105% 102% 109%
USA % 30.8% 30.6% 30.0% 30.0% 27.7%