GDP per Capita: Bahamas, The

Analysis# Bahamas, The GDP per Capita The Bahamas' GDP per capita reached $40,409 USD in 2026, marking its all-time peak. This represents a remarkable 228.8% increase since 1980, when the metric stood at just $12,292. The country has transformed from a lower-middle-income economy to a high-income nation over nearly five decades, reflecting significant economic development and rising living standards. A sharp contraction occurred in 2020, when GDP per capita dropped to $26,613—a 22.7% decline from the previous year, primarily driven by the pandemic's impact on tourism. Recovery proved steady and sustained: the economy rebounded through 2021 and has grown consistently since, gaining over $13,800 per capita in just six years. Current projections suggest continued modest growth, positioning the Bahamas as a stable, prosperous Caribbean economy.