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Economy of Bahamas vs Belarus compared: GDP & Debt

Updated on by Georank

The Bahamas has a GDP of $15.8B compared to $93.4B for Belarus, ranking 145/197 and 80/197 by economy size, respectively.

The Bahamas has $11.7B in government debt (73.8% of GDP), compared to $30.9B (33.1% of GDP) in Belarus.

Bahamas vs Belarus GDP by year

Bahamas
Belarus
1x
Year GDP, current $
Bahamas Belarus
2025 - $93,397,215,864
2024 $15,832,800,000 $78,591,839,300
2023 $15,271,300,000 $72,478,760,370
2022 $13,896,800,000 $73,775,179,925
2021 $12,037,000,000 $69,673,747,132
2020 $10,363,200,000 $61,371,673,345
2019 $13,277,000,000 $64,410,170,653
2018 $12,819,200,000 $60,031,026,576
2017 $12,446,900,000 $54,725,405,751
2016 $11,880,900,000 $47,723,545,321
2015 $11,837,600,000 $56,454,769,845
2014 $11,139,100,000 $78,813,069,121
2013 $10,475,300,000 $75,527,558,966
2012 $10,720,400,000 $65,685,890,439
2011 $10,070,450,000 $61,762,382,328
2010 $10,095,760,000 $57,231,904,543
2009 $9,981,960,000 $50,873,167,326
2008 $10,526,000,000 $60,752,106,347
2007 $10,618,340,000 $45,275,711,996
2006 $10,167,250,000 $36,961,894,281
2005 $9,836,200,000 $30,210,091,837
2004 $9,055,290,000 $23,141,566,293
2003 $8,870,090,000 $17,825,444,724
2002 $8,881,160,000 $14,594,900,945
2001 $8,317,830,000 $12,354,820,144
2000 $8,076,470,000 $12,736,856,828
1999 $7,683,870,000 $12,138,486,532
1998 $6,833,220,000 $15,222,012,660
1997 $6,332,360,000 $14,128,408,566
1996 $3,609,000,000 $14,500,437,520
1995 $3,429,000,000 $13,972,683,274
1994 $3,259,000,000 $14,931,435,232
1993 $3,092,000,000 $16,275,073,527
1992 $3,109,000,000 $16,939,790,094
1991 $3,111,160,000 $18,404,907,975
1990 $3,166,000,000 $17,389,558,233
1989 $3,062,000,000 -
1988 $2,817,900,000 -
1987 $2,713,999,900 -
1986 $2,472,500,000 -
1985 $2,320,699,900 -
1984 $2,041,100,000 -
1983 $1,732,800,000 -
1982 $1,578,300,000 -
1981 $1,426,500,000 -
1980 $1,335,300,000 -
1979 $1,139,800,100 -
1978 $832,400,000 -
1977 $713,000,000 -
1976 $642,100,000 -
1975 $596,200,000 -
1974 $632,400,000 -
1973 $670,900,000 -
1972 $590,900,000 -
1971 $573,400,000 -
1970 $539,500,000 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bahamas vs Belarus by year

Bahamas
GDP per capita

GDP per capita, PPP
Belarus
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Belarus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $10,279 -
2024 $39,455 $41,198 $8,606 $33,010
2023 $38,232 $39,090 $7,897 $30,834
2022 $34,957 $36,791 $7,995 $28,429
2021 $30,368 $31,065 $7,490 $27,611
2020 $26,179 $27,205 $6,543 $24,872
2019 $33,640 $36,116 $6,838 $22,302
2018 $32,642 $35,228 $6,360 $20,026
2017 $31,875 $34,282 $5,786 $18,414
2016 $30,617 $32,285 $5,040 $17,832
2015 $30,719 $32,138 $5,967 $18,134
2014 $29,137 $31,726 $8,341 $19,038
2013 $27,643 $30,294 $7,998 $19,014
2012 $28,552 $31,036 $6,953 $18,115
2011 $27,091 $30,074 $6,528 $16,563
2010 $27,473 $29,625 $6,035 $15,339
2009 $27,513 $29,197 $5,352 $14,034
2008 $29,392 $30,679 $6,376 $13,886
2007 $30,052 $31,232 $4,735 $12,320
2006 $29,185 $30,402 $3,848 $10,995
2005 $28,602 $29,143 $3,126 $9,637
2004 $26,650 $27,660 $2,378 $8,483
2003 $26,429 $27,031 $1,820 $7,362
2002 $26,782 $27,171 $1,479 $6,697
2001 $25,372 $26,351 $1,244 $6,238
2000 $24,940 $25,422 $1,276 $5,796
1999 $24,041 $24,184 $1,211 $5,331
1998 $21,667 $22,556 $1,511 $5,061
1997 $20,368 $21,606 $1,396 $4,596
1996 $11,784 $21,287 $1,427 $4,039
1995 $11,375 $20,377 $1,371 $3,846
1994 $10,991 $19,441 $1,460 $4,190
1993 $10,613 $18,781 $1,590 $4,641
1992 $10,873 $18,636 $1,658 $4,917
1991 $11,082 $19,296 $1,805 $5,330
1990 $11,473 $19,817 $1,707 $5,220
1989 $11,291 - - -
1988 $10,576 - - -
1987 $10,361 - - -
1986 $9,601 - - -
1985 $9,167 - - -
1984 $8,202 - - -
1983 $7,081 - - -
1982 $6,559 - - -
1981 $6,029 - - -
1980 $5,743 - - -
1979 $4,994 - - -
1978 $3,720 - - -
1977 $3,253 - - -
1976 $2,993 - - -
1975 $2,841 - - -
1974 $3,080 - - -
1973 $3,341 - - -
1972 $3,014 - - -
1971 $3,004 - - -
1970 $2,916 - - -
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 (1960–2025, retrieved 2026-07-08).

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $10,279 in Belarus, ranking 88/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Belarus ranks 68th at $33,010.

Economic indicators

Bahamas Belarus
Gross domestic product
$15.8B
2024
$93.4B
2025
GDP rank
145/197
2024
80/197
2025
GDP growth
3.38%
2023-2024
1.3%
2024-2025
GDP per capita
$39,455
2024
$10,279
2025
GDP per capita rank
30/197
2024
88/197
2025
GDP per capita, PPP
$41,198
2024
$33,010
2024
GDP per capita PPP rank
57/197
2024
68/197
2024
Government debt
$11.7B
2024
$30.9B
2025
Debt-to-GDP ratio
73.8%
2025
33.1%
2025
Government debt per person
$29,123
2024
$3,399
2025
Government debt per person rank
25/185
2024
98/185
2025
Average annual personal income after taxes
$36,621
2026
$8,062
2026
Market capitalization of domestic companies n/a
$5.54B
2025
Income share by richest 10% n/a
20.7%
2020
Income share by poorest 10% n/a
4.5%
2020
Government expenditure, % of GDP
21.5%
2025
41.3%
2025
Consumer prices inflation
0.41%
2023-2024
6.6%
2024-2025
Central bank interest rate
4%
2016
9.25%
2026
Unemployment rate
10.3%
2023
3.04%
2024
Population
405486
9025821

Spending and national debt comparison by year

Bahamas
Spending

Debt
Belarus
Spending

Debt
1x
Year % of GDP
Bahamas Belarus
Government spending Government debt Government spending Government debt
2025 21.5% 73.8% 41.3% 33.1%
2024 21% 73.8% 40.8% 38.7%
2023 23.2% 78.3% 40.3% 40.7%
2022 25.6% 84.7% 38% 40.8%
2021 28.9% 90.7% 36.7% 41.2%
2020 24.8% 71.9% 38% 47.5%
2019 20.3% 60.3% 37.4% 41%
2018 19.4% 61.5% 37.8% 47.5%
2017 23.1% 54.6% 39% 53.2%
2016 19.4% 51.1% 40.7% 53.5%
2015 18.4% 49.9% 41.8% 53%
2014 18.1% 47.7% 38.8% 38.8%
2013 18.1% 44.2% 40.8% 36.9%
2012 17% 37.6% 38.9% 36.9%
2011 17.1% 35.3% 40.3% 58.2%
2010 15.4% 33.9% 44.3% 36.8%
2009 15.2% 30.1% 51.7% 32.5%
2008 14.3% 25.3% 60% 20.3%
2007 13.6% 23.5% 49.2% 15.8%
2006 13.2% 23.2% 47.2% 12.3%
2005 12.9% 23% 45% 8.12%
2004 12.5% 21.6% 44% 9.22%
2003 11.8% 20.8% 43.5% -
2002 11.6% 19.4% 43.8% -
2001 11.4% 18.5% 42.4% -
2000 11.6% 19.2% - -
1999 9.3% 19.8% - -
1998 12% 20.8% - -
1997 12.9% 21.5% - -
1996 11.5% 20.7% - -
1995 11.5% 21% - -
1994 11.7% 20.9% - -
1993 11.5% 19.7% - -
1992 11.8% 17.9% - -
1991 11.9% 15.3% - -
1990 11.4% 13.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, the Bahamas' government spending was $3.32B, accounting for 21.5% of its GDP, while Belarus spent $38.6B, or 41.3% of GDP.

Debt-to-GDP ratio is 73.8% in the Bahamas and 33.1% in Belarus, ranking 52/185 and 148/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Belarus
1x
Year Deficit/surplus, % of GDP
Bahamas Belarus
2025 -0.49% 0.15%
2024 -1.2% 0.54%
2023 -3.65% 0.76%
2022 -5.53% -1.98%
2021 -11.9% -0.22%
2020 -7.11% -2.87%
2019 -1.68% 0.91%
2018 -3.28% 1.8%
2017 -6.05% -0.34%
2016 -2.61% -1.66%
2015 -3.34% -2.96%
2014 -4.51% 0.09%
2013 -5.1% -0.98%
2012 -3.25% 0.36%
2011 -2.87% -2.81%
2010 -2.57% -4.19%
2009 -2.39% -7.23%
2008 -0.82% -10.9%
2007 -0.77% -7.82%
2006 -0.44% -7.71%
2005 -1.16% -6.71%
2004 -1.95% -7.06%
2003 -1.63% -6.74%
2002 -1.67% -7.81%
2001 0.3% -4.74%
2000 0.09% -
1999 1.78% -
1998 -0.43% -
1997 -1.6% -
1996 -0.15% -
1995 0.18% -
1994 -0.4% -
1993 -1.05% -
1992 -2.23% -
1991 -2.27% -
1990 -2.64% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2024, the Bahamas' government deficit, the difference between spending and revenue, was $190M, equivalent to 1.2% of GDP. This compares to Belarus' surplus of $423M, or 0.54% of GDP.

Over the past 24 years, the Bahamas recorded a fiscal deficit in 23 of those years, while Belarus ran a deficit in 18 years. On average, the Bahamas posted an annual deficit equal to 3.13% of GDP, compared to deficit of 3.34% of GDP for Belarus.

Inflation comparison by year

Inflation
Bahamas

Belarus
1x
Year Consumer prices inflation
Bahamas Belarus
2025 - 6.6%
2024 0.41% 5.7%
2023 3.05% 5%
2022 5.61% 15.2%
2021 2.9% 9.5%
2020 0.04% 5.5%
2019 2.49% 5.6%
2018 2.27% 4.9%
2017 1.52% 6%
2016 -0.35% 11.8%
2015 1.86% 13.5%
2014 1.51% 18.1%
2013 0.72% 18.3%
2012 1.97% 59.2%
2011 3.2% 53.2%
2010 1.34% 7.7%
2009 2.06% 13%
2008 4.49% 14.8%
2007 2.49% 8.4%
2006 2.39% 7%
2005 1.59% 10.3%
2004 0.98% 18.1%
2003 3.03% 28.4%
2002 2.17% 42.6%
2001 2.04% 61.1%
2000 1.61% 168.6%
1999 1.25% 293.7%
1998 1.34% 73%
1997 0.54% 63.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08).

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 37.2% in Belarus. In 2024, inflation was 0.41% in the Bahamas and 6.6% in Belarus.

Top exports between countries

Bahamas
Export category Export value
Belarus
Export category Export value
Chemicals & pharma $48K
Metals $22K
Raw materials & minerals $2K
Machinery & equipment $1K
Textiles & consumer goods $1K

Balance of trade

Bahamas Belarus
Current account balance
-$1.05B
2024
-$1.82B
2025
Current account balance ranking
120/190
2024
137/190
2025
Current account balance, % of GDP
-6.65%
2024
-1.94%
2025
Goods imports
$4.6B
2024
$46B
2025
Goods exports
$874M
2024
$40B
2025
Service imports
$2.47B
2024
$7.55B
2025
Service exports
$5.9B
2024
$11.7B
2025
Imports of goods and services, % of GDP
41.5%
2024
57%
2025
Exports of goods and services, % of GDP
37.8%
2024
55.1%
2025

Economic freedom indices

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

Bahamas Belarus
Economic freedom 65.1 49.1
Economic freedom ranking 66/197 166/197
Property rights 62.7 20
Government integrity 67.1 28.3
Judicial effectiveness 79.8 11.5
Tax burden 96.1 93.5
Government spending 83.8 52.6
Fiscal health 9.1 96.8
Business freedom 69.4 50.3
Labor freedom 66.5 48
Monetary freedom 77.2 69
Trade freedom 59.4 69.2
Investment freedom 50 30
Financial freedom 60 20

Economic freedom comparison by year

Bahamas
Belarus
1x
Year Economic freedom index
Bahamas Belarus
2026 65.1 49.1
2025 63.2 48.9
2024 62.5 48.4
2023 62.6 51
2022 68.7 53
2021 64.6 61
2020 64.5 61.7
2019 62.9 57.9
2018 63.3 58.1
2017 61.1 58.6
2016 70.9 48.8
2015 68.7 49.8
2014 69.8 50.1
2013 70.1 48
2012 68 49
2011 68 47.9
2010 67.3 48.7
2009 70.3 45
2008 71.1 45.3
2007 72 47
2006 72.3 47.5
2005 72.6 46.7
2004 72.1 43.1
2003 73.5 39.7
2002 74.4 39
2001 74.8 38
2000 73.9 41.3
1999 74.7 35.4
1998 74.5 38
1997 74.5 39.8
1996 74 38.7
1995 71.8 40.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 49.1 for Belarus, ranking 166/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Belarus
Services, % of GDP
77.2%
2024
50%
2025
Industry, % of GDP
9.63%
2024
31.6%
2025
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
6.9%
2025
GNI, Atlas method
$14.9B
2024
$83.3B
2025
GNI per capita, PPP
$39,610
2024
$34,310
2025
Total reserves including gold
$2.63B
2024
$14.5B
2025
Total reserves ranking
123/177
2024
72/177
2025
Net foreign direct investment
-$77.6M
2024
-$1.43B
2025
Net inflows of foreign direct investment
$241M
2024
$1.74B
2024
Net outflows of foreign direct investment
$163M
2024
$170M
2024
Servicing debt to the IMF, % of GNI n/a
6.94%
2024
Poverty at national poverty lines
9.3%
2020
3.5%
2024
Gross capital formation, % of GDP
26.8%
2024
27.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.