Top 5 Developing Countries in the World in 2024

3. Bahamas

GDP per capita: $35,541.82

The Bahamas is an archipelago and sovereign nation located on the northwestern edge of the West Indies. Previously a British colony, The Bahamas gained independence and became a sovereign country within the Commonwealth in 1973.

As of now, The Bahamas’ GDP stands at 14.51 billion US dollars. The real GDP growth rate from the previous year, 2023, is recorded at 1.8 percent. This indicates a modest yet stable economic growth trajectory for the country, reflective of various factors including its tourism industry and financial services sector.