The Bahamas vs Belgium: Economic Indicators Comparison

Belgium with a GDP of $542.8B ranked the 24th largest economy in the world, while the Bahamas ranked 137th with $12.4B. By GDP 5-years average growth and GDP per capita, Belgium and the Bahamas ranked 146th vs 160th and 20th vs 31st, respectively.

Gross Domestic Product & Income

StatBahamasBelgium
GDP$12.4B$542.8B
GDP growth, 1 year2.3%1.4%
GDP growth, 5-years average0.6%1.5%
Population395k11.4M
GDP per capita$32k$48k
GDP per capita growth0.54%1.04%
Purchasing Power Parity conversion factor10.78
Price level ratio of PPP conversion factor GDP to market exchange rate10.92
GDP per capita, PPP adjusted$33k$48k
GNI, Atlas method$11.8B$524.4B
GNI per capita$31k$46k
GNI, PPP adjusted$11.7B$591B
GNI per capita, PPP adjusted$30k$52k

Financial system and Human development

StatBahamasBelgium
Income Tax Rate0%50%
Corporate Tax Rate0%29%
Inflation, consumer prices2.2%2.3%
Inflation, GDP deflator0.7%1.5%
Unemployment11.9%6.3%
Economic Freedom Index64.568.9
Personal Freedom Index8.329.06
Human Freedom Index7.978.28
Property Rights Index54.984.5
Judical Effectiveness Index46.462.5
Business Freedom Index6975.2
Fiscal Health Index69.277
Labor Freedom Index7061.1
Investment Freedom Index5085
Financial Freedom Index6070
Trade Freedom Index47.886.4
Monetary Freedom Index76.380.5
Government Spending Index87.417.2
Tax Burden Index96.846.7
Government Integrity Index4680.2
Corruption Perceptions Index6575
Life expectancy at birth, years73.681.4
Suicide mortality rate, per 100,000 people1.720.7
Mortality caused by road traffic injury, per 100,000 people13.85.8
Intentional homicides, per 100,000 people30.91.7
International tourism, number of arrivals1.6M9.1M

Government debt & reserves

StatBahamasBelgium
Central government debt, % of GDP61%101.4%
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%12%
Gross savings, % of GDP12.7%24.5%
Gross capital formation, % of GDP24.5%25.5%
Total reserves including gold$1.4B$26.9B
Foreign direct investment net inflows$491.4M-$62.8B

Exports, imports and economic structure

StatBahamasBelgium
Exports of goods and services, % of GDP36.1%82.6%
Imports of goods and services, % of GDP41.3%82.7%
Current account balance (balance of payments)-$1.5B-$5.3B
Revenue excluding grants, % of GDP16.4%38.4%
Grants excluding technical cooperation, BoP$1.7MN/A
Personal remittances receivedN/A$12.3B
Industry including construction value added, % of GDP13%19.1%
Agriculture, forestry and fishing value added, % of GDP0.9%0.5%
Charges for the use of intellectual property, payments BoP$10.3M$3.7B
Charges for the use of intellectual property, receipts BoPN/A$4.4B
Expense, % of GDP17.9%39.6%
Government Expenditure, % of GDP20.5%52.5%

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
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
Slovakia
$19k
5.4M

Belgium vs

CountryGDP
per capita
Population
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
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