The Bahamas - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in The Bahamas was 72.95 as of 2020. Its highest value over the past 58 years was 100.00 in 1962, while its lowest value was 25.97 in 2014.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1962 100.00
1963 98.96
1964 98.73
1965 97.30
1966 98.17
1967 96.05
1968 94.91
1969 95.51
1970 96.68
1971 98.38
1972 98.74
1973 97.66
1974 96.85
1975 91.71
1976 98.49
1977 96.03
1978 97.63
1979 95.98
1980 89.88
1981 96.10
1982 97.94
1983 97.41
1984 97.67
1985 96.31
1986 98.55
1987 98.02
1988 98.22
1989 97.88
1990 96.65
1991 96.99
1992 93.11
1993 89.01
1994 92.04
1995 85.40
1996 88.64
1997 96.47
1998 89.53
1999 90.67
2000 93.33
2001 97.17
2002 97.14
2003 97.60
2004 98.67
2005 97.54
2006 95.76
2007 89.67
2008 85.66
2009 86.63
2010 84.35
2011 92.72
2012 89.95
2013 32.40
2014 25.97
2015 64.14
2016 70.18
2017 68.53
2018 60.66
2019 73.78
2020 72.95

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports