Key Market Indicators
The revenue from Bahamian passenger transport is projected to climb to approximately $27.5 million by 2028, a modest increase from the current $26 million recorded in 2023. This growth represents an average annual increase of 0.9%. Historically, the Bahamian market has experienced a decline, with an average annual decrease of 1.5% since 2000. In 2023, the Bahamas was positioned at number 61 in the global ranking for passenger transport revenue. This year, Armenia surpassed the Bahamas, matching its revenue at $26 million. In the broader ranking, Qatar, Ireland, and Russia secured the second, third, and fourth positions, respectively.
