The Bahamas vs Barbados: Economic Indicators Comparison

The Bahamas with a GDP of $12.4B ranked the 137th largest economy in the world, while Barbados ranked 157th with $5.1B. By GDP 5-years average growth and GDP per capita, the Bahamas and Barbados ranked 160th vs 159th and 31st vs 50th, respectively.

Gross Domestic Product & Income

StatBahamasBarbados
GDP$12.4B$5.1B
GDP growth, 1 year2.3%-0.5%
GDP growth, 5-years average0.6%0.7%
Population395k286k
GDP per capita$32k$18k
GDP per capita growth0.54%-0.64%
Purchasing Power Parity conversion factor11.93
Price level ratio of PPP conversion factor GDP to market exchange rate10.97
GDP per capita, PPP adjusted$33k$19k
GNI, Atlas method$11.8B$4.4B
GNI per capita$31k$15k
GNI, PPP adjusted$11.7B$4.7B
GNI per capita, PPP adjusted$30k$16k

Financial system and Human development

StatBahamasBarbados
Income Tax Rate0%40%
Corporate Tax Rate0%5.5%
Inflation, consumer prices2.2%3.6%
Inflation, GDP deflator0.7%3.6%
Unemployment11.9%9.6%
Economic Freedom Index64.561.4
Personal Freedom Index8.328.22
Human Freedom Index7.977.21
Property Rights Index54.956.6
Judical Effectiveness Index46.436.1
Business Freedom Index6969.4
Fiscal Health Index69.263.1
Labor Freedom Index7060
Investment Freedom Index5070
Financial Freedom Index6060
Trade Freedom Index47.856.6
Monetary Freedom Index76.377.9
Government Spending Index87.469.2
Tax Burden Index96.873.6
Government Integrity Index4644
Corruption Perceptions Index6568
Life expectancy at birth, years73.679
Suicide mortality rate, per 100,000 people1.70.8
Mortality caused by road traffic injury, per 100,000 people13.85.6
Intentional homicides, per 100,000 people30.910.5
International tourism, number of arrivals1.6M680k

Government debt & reserves

StatBahamasBarbados
Central government debt, % of GDP61%124.5%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI7.1%-6.8%
Gross savings, % of GDP12.7%-0.5%
Gross capital formation, % of GDP24.5%11.3%
Total reserves including gold$1.4B$431.8M
Foreign direct investment net inflows$491.4M$195.1M

Exports, imports and economic structure

StatBahamasBarbados
Exports of goods and services, % of GDP36.1%42%
Imports of goods and services, % of GDP41.3%40.9%
Current account balance (balance of payments)-$1.5B-$248.2M
Revenue excluding grants, % of GDP16.4%26.7%
Grants excluding technical cooperation, BoP$1.7M$13.8M
Personal remittances receivedN/A$108.3M
Industry including construction value added, % of GDP13%14%
Agriculture, forestry and fishing value added, % of GDP0.9%1.3%
Charges for the use of intellectual property, payments BoP$10.3M$12.1M
Charges for the use of intellectual property, receipts BoPN/A$33.4M
Expense, % of GDP17.9%35.2%
Government Expenditure, % of GDP20.5%32%

Compare with countries close by GDP per capita

Bahamas vs

CountryGDP
per capita
Population
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k

Barbados vs

CountryGDP
per capita
Population
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M