Bahamas, The Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
Bahamas, The's trade openness was 88.90% in 2025, ranked 92nd globally. This represents a 12.2% increase from 2024. Data from World Bank, covering 1977–2025.
Overview
Bahamas, The's trade openness stood at 88.90% in 2025, a rise of +9.66% from 2024. Based on recent trends, this figure is projected to reach 88.90% by 2025. Bahamas, The ranked 92nd globally.
Bahamas’ trade openness, measured as the sum of exports and imports as a share of GDP, has fallen sharply from an all‑time peak of 150.18 in 1978 to a historic trough of 53.42 in 2020, before modestly rebounding to 88.90 in 2025, ranking 92nd globally. The dramatic decline during the 2020 pandemic reflects the vulnerability of an island economy reliant on tourism and imported goods, while the recent recovery aligns with the gradual revival of visitor arrivals and the diversification of services. Over the 48‑year series, the Bahamas’ openness remains close to peers such as Azerbaijan (88.88) and Afghanistan (89.08), suggesting a convergence toward the lower‑middle range of the World Bank sample. The upward movement from the 2020 low indicates that continued growth in tourism, coupled with expanded trade agreements, could sustain a higher openness ratio, whereas renewed external shocks or protectionist policies would likely reverse the trend.
Data & projection
| Year | Trade Openness | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 101.36% | - | - |
| 2026* trend | 95.13% | - | - |
| 2025* trend | 88.90% | - | - |
| 2025 | 88.90% | +9.66% | #92 |
| 2024 | 79.24% | +2.69% | #75 |
| 2023 | 76.55% | +0.57% | #73 |
| 2022 | 75.98% | +10.05% | #75 |
| 2021 | 65.93% | +12.51% | #69 |
| 2020 | 53.42% | −15.37% | #53 |
| 2019 | 68.79% | −3.37% | #70 |
| 2018 | 72.15% | +3.82% | #77 |
| 2017 | 68.33% | +1.12% | #74 |
| 2016 | 67.21% | −2.47% | #74 |
| 2015 | 69.68% | −10.86% | #76 |
| 2014 | 80.54% | −4.01% | #93 |
| 2013 | 84.55% | +0.30% | #97 |
| 2012 | 84.25% | −4.08% | #91 |
| 2011 | 88.33% | +9.66% | #99 |
Detected Pattern
Analysis
Bahamas, The matched the Fiscal Dominance Trap pattern in 1981. Historically, 72% of countries showing this pattern (278 out of 386) saw trade openness improve within 24 months. View full analysis →
Frequently Asked Questions
Bahamas, The's trade openness was 88.90% in 2025. Ranked 92nd globally. This represents a 12.2% increase from the previous year.
Bahamas, The's trade openness peaked at 150.18% in 1978.
The lowest trade openness in Bahamas, The was 53.42% in 2020.
Bahamas, The ranks 92nd globally in trade openness as of 2025.
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
Bahamas, The's trade openness is projected to reach 88.90% by 2025 based on trend extrapolation.
The trade openness of Bahamas, The in 2025 was 88.90%. This ranks 92nd in the world.
Cite this page
@misc{historysaid_bahamas-the_trade-openness,
title = {Bahamas, The Trade Openness},
url = {https://historysaid.com/bahamas-the/trade-openness/},
publisher = {HistorySaid},
year = {2026}
}