The mean North Atlantic Deep Water (NADW, 1000 < z < 5000 m) circulation and deep western boundary current (DWBC) variability offshore of Abaco, Bahamas, at 26.5 degrees N are investigated from nearly two decades of velocity and hydrographic observations, and outputs from a 30-yr-long eddy-resolving global simulation. Observations at 26.5 degrees N and Argo-derived geostrophic velocities show the presence of a mean Abaco Gyre spanning the NADW layer, consisting of a closed cyclonic circulation between approximately 24 degrees and 30 degrees N and 72 degrees and 77 degrees W. The southward-flowing portion of this gyre (the DWBC) is constrained to within similar to 150 km of the western boundary with a mean transport of similar to 30 Sv (1 Sv equivalent to 10(6) m(3) s(-1)). Offshore of the DWBC, the data show a consistent northward recirculation with net transports varying from 6.5 to 16 Sv. Current meter records spanning 2008-17 supported by the numerical simulation indicate that the DWBC transport variability is dominated by two distinct types of fluctuations: 1) periods of 250-280 days that occur regularly throughout the time series and 2) energetic oscillations with periods between 400 and 700 days that occur sporadically every 5-6 years and force the DWBC to meander far offshore for several months. The shorter-period variations are related to DWBC meandering caused by eddies propagating southward along the continental slope at 248-30 degrees N, while the longer-period oscillations appear to be related to large anticyclonic eddies that slowly propagate northwestward counter to the DWBC flow between similar to 20 degrees and 26.5 degrees N. Observational and theoretical evidence suggest that these two types of variability might be generated, respectively, by DWBC instability processes and Rossby waves reflecting from the western boundary.