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Economy of Bahamas vs Bahrain compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $47.1B for Bahrain, ranking 140/197 and 96/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $62.8B (133.4% of GDP) in Bahrain.

Bahamas vs Bahrain GDP by year

Bahamas
Bahrain
1x
Year GDP, current $
Bahamas Bahrain
2024 $15,832,800,000 $47,109,734,309
2023 $15,271,300,000 $46,192,260,638
2022 $13,896,800,000 $46,458,191,489
2021 $12,037,000,000 $40,840,212,766
2020 $10,363,200,000 $35,837,632,979
2019 $13,277,000,000 $40,446,808,511
2018 $12,819,200,000 $39,567,978,723
2017 $12,446,900,000 $37,204,813,830
2016 $11,880,900,000 $33,884,680,851
2015 $11,837,600,000 $32,523,297,872
2014 $11,139,100,000 $34,772,526,596
2013 $10,475,300,000 $33,823,324,468
2012 $10,720,400,000 $31,963,404,255
2011 $10,070,450,000 $29,914,680,851
2010 $10,095,760,000 $26,805,984,043
2009 $9,981,960,000 $22,938,218,085
2008 $10,526,000,000 $25,710,904,255
2007 $10,618,340,000 $21,730,000,000
2006 $10,167,250,000 $18,504,760,638
2005 $9,836,200,000 $15,968,723,404
2004 $9,055,290,000 $13,150,159,574
2003 $8,870,090,000 $11,074,813,830
2002 $8,881,160,000 $9,593,510,638
2001 $8,317,830,000 $8,976,196,809
2000 $8,076,470,000 $9,062,898,936
1999 $7,683,870,000 $7,528,469,149
1998 $6,833,220,000 $7,031,309,043
1997 $6,332,360,000 $7,219,407,713
1996 $3,609,000,000 $6,938,166,755
1995 $3,429,000,000 $6,651,180,851
1994 $3,259,000,000 $6,330,627,926
1993 $3,092,000,000 $5,913,001,064
1992 $3,109,000,000 $5,402,232,447
1991 $3,111,160,000 $5,248,911,170
1990 $3,166,000,000 $4,809,511,005
1989 $3,062,000,000 $4,393,093,963
1988 $2,817,900,000 $4,209,834,173
1987 $2,713,999,900 $3,856,922,694
1986 $2,472,500,000 $3,470,746,843
1985 $2,320,699,900 $4,152,376,484
1984 $2,041,100,000 $4,440,874,566
1983 $1,732,800,000 $4,247,030,468
1982 $1,578,300,000 $4,145,421,080
1981 $1,426,500,000 $3,943,109,532
1980 $1,335,300,000 $3,493,834,468
1979 $1,139,800,100 $2,710,160,739
1978 $832,400,000 $2,272,042,965
1977 $713,000,000 $1,989,060,283
1976 $642,100,000 $1,581,709,519
1975 $596,200,000 $1,099,107,601
1974 $632,400,000 $1,042,176,884
1973 $670,900,000 $761,132,545
1972 $590,900,000 $534,081,184
1971 $573,400,000 $422,181,562
1970 $539,500,000 $391,577,364
1969 $538,700,000 -
1968 $453,800,000 -
1967 $398,000,000 -
1966 $346,800,000 -
1965 $300,272,048 -
1964 $266,560,043 -
1963 $237,650,038 -
1962 $212,170,034 -
1961 $190,022,030 -
1960 $169,736,027 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/bahrain | CC BY

GDP per capita in Bahamas vs Bahrain by year

Bahamas
GDP per capita

GDP per capita, PPP
Bahrain
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Bahrain
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $29,654 $66,941
2023 $38,232 $39,090 $29,290 $64,171
2022 $34,957 $36,791 $30,471 $61,678
2021 $30,368 $31,065 $27,148 $54,955
2020 $26,179 $27,205 $24,343 $53,436
2019 $33,640 $36,116 $27,260 $56,600
2018 $32,642 $35,228 $26,324 $51,993
2017 $31,875 $34,282 $24,785 $50,185
2016 $30,617 $32,285 $23,800 $47,429
2015 $30,719 $32,138 $23,734 $48,034
2014 $29,137 $31,726 $26,452 $54,299
2013 $27,643 $30,294 $26,990 $56,310
2012 $28,552 $31,036 $26,439 $56,713
2011 $27,091 $30,074 $25,033 $52,677
2010 $27,473 $29,625 $21,819 $49,255
2009 $27,513 $29,197 $19,465 $48,626
2008 $29,392 $30,679 $23,299 $50,330
2007 $30,052 $31,232 $20,908 $49,347
2006 $29,185 $30,402 $19,267 $48,009
2005 $28,602 $29,143 $17,966 $47,268
2004 $26,650 $27,660 $15,964 $46,317
2003 $26,429 $27,031 $14,486 $45,427
2002 $26,782 $27,171 $13,501 $45,091
2001 $25,372 $26,351 $13,573 $46,162
2000 $24,940 $25,422 $14,214 $45,688
1999 $24,041 $24,184 $12,123 $43,561
1998 $21,667 $22,556 $11,625 $42,281
1997 $20,368 $21,606 $12,255 $40,965
1996 $11,784 $21,287 $12,092 $40,106
1995 $11,375 $20,377 $11,901 $38,839
1994 $10,991 $19,441 $11,629 $37,579
1993 $10,613 $18,781 $11,152 $37,870
1992 $10,873 $18,636 $10,460 $33,648
1991 $11,082 $19,296 $10,434 $31,657
1990 $11,473 $19,817 $9,343 $26,902
1989 $11,291 - $8,833 -
1988 $10,576 - $8,772 -
1987 $10,361 - $8,333 -
1986 $9,601 - $7,777 -
1985 $9,167 - $9,649 -
1984 $8,202 - $10,697 -
1983 $7,081 - $10,599 -
1982 $6,559 - $10,712 -
1981 $6,029 - $10,557 -
1980 $5,743 - $9,733 -
1979 $4,994 - $7,891 -
1978 $3,720 - $6,926 -
1977 $3,253 - $6,358 -
1976 $2,993 - $5,310 -
1975 $2,841 - $3,880 -
1974 $3,080 - $3,874 -
1973 $3,341 - $2,981 -
1972 $3,014 - $2,206 -
1971 $3,004 - $1,830 -
1970 $2,916 - $1,742 -
1969 $3,027 - - -
1968 $2,668 - - -
1967 $2,453 - - -
1966 $2,239 - - -
1965 $2,030 - - -
1964 $1,883 - - -
1963 $1,759 - - -
1962 $1,651 - - -
1961 $1,555 - - -
1960 $1,459 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/bahrain | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $29,654 in Bahrain, ranking 42/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Bahrain ranks 26th at $66,941.

Economic indicators

Bahamas Bahrain
Gross domestic product
$15.8B
2024
$47.1B
2024
GDP rank
140/197
2024
96/197
2024
GDP growth
3.38%
2023-2024
2.6%
2023-2024
GDP per capita
$39,455
2024
$29,654
2024
GDP per capita rank
30/197
2024
42/197
2024
GDP per capita, PPP
$41,198
2024
$66,941
2024
GDP per capita PPP rank
57/197
2024
26/197
2024
Government debt
$11.5B
2024
$62.8B
2024
Debt-to-GDP ratio
72.5%
2024
133.4%
2024
Government debt per person
$28,616
2024
$39,552
2024
Government debt per person rank
25/185
2024
14/185
2024
Average annual personal income after taxes
$29,535
2026
$23,253
2026
Market capitalization of domestic companies n/a
$20.4B
2024
Government expenditure, % of GDP
20.6%
2024
29.1%
2024
Consumer prices inflation
0.41%
2023-2024
0.92%
2023-2024
Central bank interest rate
4%
2016
4.25%
2025
Unemployment rate
8.65%
2023
1.2%
2012
Population
405203
1669503

Spending and national debt comparison by year

Bahamas
Spending

Debt
Bahrain
Spending

Debt
1x
Year % of GDP
Bahamas Bahrain
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 29.1% 133.4%
2023 22.2% 74.8% 29.1% 123%
2022 23.9% 79.1% 28.4% 111.6%
2021 26.9% 84.5% 30.6% 122.3%
2020 28.2% 81.9% 34.6% 125.7%
2019 19.9% 59.3% 31.2% 97.1%
2018 19.2% 60.6% 32.1% 90.4%
2017 22.5% 53.4% 30.7% 84%
2016 19.4% 51% 33.3% 77.4%
2015 17.9% 48.5% 34.8% 63.2%
2014 17.6% 46.3% 27.3% 42.6%
2013 18.4% 44.8% 32% 42.3%
2012 16.5% 36.4% 31.1% 34.8%
2011 17.1% 35.3% 30.2% 31.6%
2010 15.3% 33.7% 31.1% 28.8%
2009 15.6% 30.9% 24.6% 20.5%
2008 14.4% 25.5% 22.7% 12.1%
2007 13.3% 23% 22.4% 15.7%
2006 13% 22.8% 23.1% 19.4%
2005 12.3% 22% 23.9% 23.2%
2004 12.4% 21.4% 25% 28.2%
2003 11.8% 20.9% 28.1% 31.1%
2002 11.3% 18.8% 30.6% 27.2%
2001 11.2% 18.2% 26.5% 25%
2000 11.3% 18.7% 22.2% 24.7%
1999 8.78% 18.7% 27.1% 24.7%
1998 11.6% 20% 25.7% 20%
1997 12.5% 20.8% 31% 14.8%
1996 11.2% 20.2% 22.7% 13.1%
1995 11.2% 20.5% 25.1% 13.6%
1994 11.4% 20.4% 26.1% 5.62%
1993 11.5% 19.8% 26.7% 5.95%
1992 11.8% 17.9% 29.4% 6.45%
1991 12% 15.4% 28.5% 6.71%
1990 11.4% 13.2% 32.4% 7.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/bahrain | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Bahrain spent $13.7B, or 29.1% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 133.4% in Bahrain, ranking 53/185 and 9/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Bahrain
1x
Year Deficit/surplus, % of GDP
Bahamas Bahrain
2024 -1.18% -10.6%
2023 -3.49% -9.67%
2022 -5.16% -6.02%
2021 -11.1% -10.6%
2020 -8.09% -17.3%
2019 -1.65% -8.57%
2018 -3.24% -11.3%
2017 -5.92% -13.4%
2016 -2.61% -16.6%
2015 -3.24% -17.5%
2014 -4.38% -3.32%
2013 -5.16% -8.55%
2012 -3.15% -5.77%
2011 -2.87% -4.9%
2010 -2.56% -9.29%
2009 -2.45% -5.36%
2008 -0.83% 4.08%
2007 -0.76% 1.52%
2006 -0.43% 2.24%
2005 -1.11% 2.8%
2004 -1.93% 0.24%
2003 -1.63% -1.7%
2002 -1.62% -3.27%
2001 0.3% 0.7%
2000 0.09% 7.33%
1999 1.68% -4.85%
1998 -0.41% -5.49%
1997 -1.56% -6.39%
1996 -0.15% 0.24%
1995 0.18% -3.99%
1994 -0.39% -5.18%
1993 -1.05% -2.77%
1992 -2.23% -5.41%
1991 -2.29% -3.47%
1990 -2.64% -6.79%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/bahrain | CC BY

In 2024, the Bahamas' government deficit, the difference between spending and revenue, was $187M, equivalent to 1.18% of GDP. This compares to Bahrain's deficit of $5B, or 10.6% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Bahrain ran a deficit in 27 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 5.39% of GDP for Bahrain.

Inflation comparison by year

Inflation
Bahamas

Bahrain
1x
Year Consumer prices inflation
Bahamas Bahrain
2024 0.41% 0.92%
2023 3.05% 0.07%
2022 5.61% 3.63%
2021 2.9% -0.61%
2020 0.04% -2.32%
2019 2.49% 1.01%
2018 2.27% 2.09%
2017 1.52% 1.39%
2016 -0.35% 2.79%
2015 1.86% 1.85%
2014 1.51% 2.65%
2013 0.72% 3.3%
2012 1.97% 2.76%
2011 3.2% -0.4%
2010 1.34% 1.96%
2009 2.06% 2.8%
2008 4.49% 3.53%
2007 2.49% 3.26%
2006 2.39% 2.01%
2005 1.59% 2.59%
2004 0.98% 2.35%
2003 3.03% 1.59%
2002 2.17% -0.5%
2001 2.04% -1.21%
2000 1.61% -0.7%
1999 1.25% -1.29%
1998 1.34% -0.37%
1997 0.54% 2.43%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/bahrain | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 1.34% in Bahrain. In 2024, inflation was 0.41% in the Bahamas and 0.92% in Bahrain.

Top exports between countries

Bahamas
Export category Export value
Bahrain
Export category Export value
Raw agricultural goods $2K

Balance of trade

Bahamas Bahrain
Current account balance
-$1.05B
2024
$2.28B
2024
Current account balance ranking
127/190
2024
44/190
2024
Current account balance, % of GDP
-6.65%
2024
+4.84%
2024
Goods imports
$4.6B
2024
$20.7B
2024
Goods exports
$874M
2024
$24.3B
2024
Service imports
$2.47B
2024
$12.4B
2024
Service exports
$5.9B
2024
$17B
2024
Imports of goods and services, % of GDP
41.5%
2024
70.1%
2024
Exports of goods and services, % of GDP
37.8%
2024
87.7%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bahamas Bahrain
Economic freedom 65.1 65.7
Economic freedom ranking 66/197 63/197
Property rights 62.7 60.9
Government integrity 67.1 45.9
Judicial effectiveness 79.8 30
Tax burden 96.1 99.9
Government spending 83.8 75
Fiscal health 9.1 0
Business freedom 69.4 75.9
Labor freedom 66.5 55.5
Monetary freedom 77.2 88.8
Trade freedom 59.4 86.8
Investment freedom 50 90
Financial freedom 60 80

Economic freedom comparison by year

Bahamas
Bahrain
1x
Year Economic freedom index
Bahamas Bahrain
2026 65.1 65.7
2025 63.2 65.6
2024 62.5 63.4
2023 62.6 62.5
2022 68.7 62
2021 64.6 69.9
2020 64.5 66.3
2019 62.9 66.4
2018 63.3 67.7
2017 61.1 68.5
2016 70.9 74.3
2015 68.7 73.4
2014 69.8 75.1
2013 70.1 75.5
2012 68 75.2
2011 68 77.7
2010 67.3 76.3
2009 70.3 74.8
2008 71.1 72.2
2007 72 71.2
2006 72.3 71.6
2005 72.6 71.2
2004 72.1 75.1
2003 73.5 76.3
2002 74.4 75.6
2001 74.8 75.9
2000 73.9 75.7
1999 74.7 75.2
1998 74.5 75.6
1997 74.5 76.1
1996 74 76.4
1995 71.8 76.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/bahamas/bahrain | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 65.7 for Bahrain, ranking 63/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Bahrain
Services, % of GDP
77.2%
2024
53.2%
2024
Industry, % of GDP
9.63%
2024
42.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
0.25%
2024
GNI, Atlas method
$14.9B
2024
$44.6B
2024
GNI per capita, PPP
$39,550
2024
$62,230
2024
Total reserves including gold
$2.51B
2023
$4.95B
2024
Total reserves ranking
122/177
2023
102/177
2024
Net foreign direct investment
-$77.6M
2024
-$2.43B
2024
Net inflows of foreign direct investment
$241M
2024
$2.7B
2024
Net outflows of foreign direct investment
$163M
2024
$275M
2024
Poverty at national poverty lines
9.3%
2020
n/a
Gross capital formation, % of GDP
26.8%
2024
28.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/bahamas/bahrain | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. TradeMap (2020, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.