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Economy of Bahamas vs Bolivia compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $54.9B for Bolivia, ranking 140/197 and 88/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $53.8B (98% of GDP) in Bolivia.

Bahamas vs Bolivia GDP by year

Bahamas
Bolivia
1x
Year GDP, current $
Bahamas Bolivia
2024 $15,832,800,000 $54,881,327,453
2023 $15,271,300,000 $52,340,206,946
2022 $13,896,800,000 $50,959,081,954
2021 $12,037,000,000 $47,877,892,402
2020 $10,363,200,000 $42,313,784,081
2019 $13,277,000,000 $49,056,643,589
2018 $12,819,200,000 $48,414,038,842
2017 $12,446,900,000 $45,927,439,595
2016 $11,880,900,000 $33,941,126,194
2015 $11,837,600,000 $33,000,198,249
2014 $11,139,100,000 $32,996,188,017
2013 $10,475,300,000 $30,659,338,886
2012 $10,720,400,000 $27,084,497,482
2011 $10,070,450,000 $23,963,164,697
2010 $10,095,760,000 $19,649,723,722
2009 $9,981,960,000 $17,339,992,194
2008 $10,526,000,000 $16,674,276,286
2007 $10,618,340,000 $13,120,108,008
2006 $10,167,250,000 $11,451,844,902
2005 $9,836,200,000 $9,549,122,905
2004 $9,055,290,000 $8,773,451,752
2003 $8,870,090,000 $8,082,399,640
2002 $8,881,160,000 $7,905,485,146
2001 $8,317,830,000 $8,141,516,928
2000 $8,076,470,000 $8,397,855,485
1999 $7,683,870,000 $8,285,064,435
1998 $6,833,220,000 $8,497,494,652
1997 $6,332,360,000 $7,925,736,821
1996 $3,609,000,000 $7,396,949,126
1995 $3,429,000,000 $6,715,161,732
1994 $3,259,000,000 $5,981,222,859
1993 $3,092,000,000 $5,734,699,489
1992 $3,109,000,000 $5,643,868,749
1991 $3,111,160,000 $5,343,262,457
1990 $3,166,000,000 $4,867,582,598
1989 $3,062,000,000 $4,715,973,437
1988 $2,817,900,000 $4,597,612,362
1987 $2,713,999,900 $4,347,956,338
1986 $2,472,500,000 $3,959,382,833
1985 $2,320,699,900 $5,377,276,555
1984 $2,041,100,000 $6,169,483,225
1983 $1,732,800,000 $5,422,656,823
1982 $1,578,300,000 $5,594,126,369
1981 $1,426,500,000 $5,891,598,695
1980 $1,335,300,000 $4,537,479,608
1979 $1,139,800,100 $4,421,336,383
1978 $832,400,000 $3,758,220,890
1977 $713,000,000 $3,227,436,282
1976 $642,100,000 $2,731,984,008
1975 $596,200,000 $2,404,697,651
1974 $632,400,000 $2,100,249,875
1973 $670,900,000 $1,262,968,516
1972 $590,900,000 $1,257,615,645
1971 $573,400,000 $1,095,622,896
1970 $539,500,000 $1,017,003,367
1969 $538,700,000 $929,629,630
1968 $453,800,000 $857,912,458
1967 $398,000,000 $755,808,081
1966 $346,800,000 $669,191,919
1965 $300,272,048 $604,377,104
1964 $266,560,043 $544,023,569
1963 $237,650,038 $482,828,283
1962 $212,170,034 $448,400,673
1961 $190,022,030 $410,101,010
1960 $169,736,027 $377,020,202

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

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

GDP per capita in Bahamas vs Bolivia by year

Bahamas
GDP per capita

GDP per capita, PPP
Bolivia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Bolivia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $4,421 $12,878
2023 $38,232 $39,090 $4,275 $12,892
2022 $34,957 $36,791 $4,219 $12,307
2021 $30,368 $31,065 $4,011 $11,202
2020 $26,179 $27,205 $3,581 $9,581
2019 $33,640 $36,116 $4,203 $11,005
2018 $32,642 $35,228 $4,207 $10,758
2017 $31,875 $34,282 $4,048 $10,420
2016 $30,617 $32,285 $3,036 $9,242
2015 $30,719 $32,138 $2,996 $8,757
2014 $29,137 $31,726 $3,041 $8,629
2013 $27,643 $30,294 $2,870 $8,069
2012 $28,552 $31,036 $2,576 $7,184
2011 $27,091 $30,074 $2,316 $6,598
2010 $27,473 $29,625 $1,930 $6,245
2009 $27,513 $29,197 $1,731 $6,024
2008 $29,392 $30,679 $1,693 $5,890
2007 $30,052 $31,232 $1,355 $5,537
2006 $29,185 $30,402 $1,203 $5,244
2005 $28,602 $29,143 $1,020 $4,938
2004 $26,650 $27,660 $953 $4,663
2003 $26,429 $27,031 $893 $4,433
2002 $26,782 $27,171 $888 $4,304
2001 $25,372 $26,351 $930 $4,205
2000 $24,940 $25,422 $976 $4,113
1999 $24,041 $24,184 $979 $3,991
1998 $21,667 $22,556 $1,022 $3,988
1997 $20,368 $21,606 $970 $3,822
1996 $11,784 $21,287 $922 $3,645
1995 $11,375 $20,377 $853 $3,494
1994 $10,991 $19,441 $774 $3,331
1993 $10,613 $18,781 $757 $3,177
1992 $10,873 $18,636 $760 $3,036
1991 $11,082 $19,296 $734 $2,981
1990 $11,473 $19,817 $683 $2,797
1989 $11,291 - $675 -
1988 $10,576 - $673 -
1987 $10,361 - $650 -
1986 $9,601 - $604 -
1985 $9,167 - $838 -
1984 $8,202 - $982 -
1983 $7,081 - $882 -
1982 $6,559 - $930 -
1981 $6,029 - $1,001 -
1980 $5,743 - $788 -
1979 $4,994 - $785 -
1978 $3,720 - $683 -
1977 $3,253 - $600 -
1976 $2,993 - $520 -
1975 $2,841 - $468 -
1974 $3,080 - $418 -
1973 $3,341 - $257.2 -
1972 $3,014 - $261.9 -
1971 $3,004 - $233.4 -
1970 $2,916 - $221.6 -
1969 $3,027 - $207.1 -
1968 $2,668 - $195.5 -
1967 $2,453 - $176.1 -
1966 $2,239 - $159.3 -
1965 $2,030 - $147.1 -
1964 $1,883 - $135.2 -
1963 $1,759 - $122.6 -
1962 $1,651 - $116.2 -
1961 $1,555 - $108.5 -
1960 $1,459 - $101.8 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $4,421 in Bolivia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Bolivia ranks 122nd at $12,878.

Economic indicators

Bahamas Bolivia
Gross domestic product
$15.8B
2024
$54.9B
2024
GDP rank
140/197
2024
88/197
2024
GDP growth
3.38%
2023-2024
-1.12%
2023-2024
GDP per capita
$39,455
2024
$4,421
2024
GDP per capita rank
30/197
2024
125/197
2024
GDP per capita, PPP
$41,198
2024
$12,878
2024
GDP per capita PPP rank
57/197
2024
122/197
2024
Government debt
$11.5B
2024
$53.8B
2024
Debt-to-GDP ratio
72.5%
2024
98%
2024
Government debt per person
$28,616
2024
$4,331
2024
Government debt per person rank
25/185
2024
88/185
2024
Average annual personal income after taxes
$29,535
2026
$4,720
2026
Income share by richest 10% n/a
31.3%
2023
Income share by poorest 10% n/a
1.8%
2023
Government expenditure, % of GDP
20.6%
2024
39.8%
2024
Consumer prices inflation
0.41%
2023-2024
5.1%
2023-2024
Central bank interest rate
4%
2016
3.26%
2025
Unemployment rate
8.65%
2023
2.73%
2024
Population
405203
12798112

Spending and national debt comparison by year

Bahamas
Spending

Debt
Bolivia
Spending

Debt
1x
Year % of GDP
Bahamas Bolivia
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 39.8% 98%
2023 22.2% 74.8% 38.7% 90.8%
2022 23.9% 79.1% 36% 80.1%
2021 26.9% 84.5% 34.8% 81.4%
2020 28.2% 81.9% 36.8% 78%
2019 19.9% 59.3% 36.1% 58.6%
2018 19.2% 60.6% 37.7% 53.1%
2017 22.5% 53.4% 38.6% 51.3%
2016 19.4% 51% 40% 46.5%
2015 17.9% 48.5% 44.5% 40.9%
2014 17.6% 46.3% 41.2% 37.6%
2013 18.4% 44.8% 35.4% 36.1%
2012 16.5% 36.4% 36% 35.4%
2011 17.1% 35.3% 35.4% 35.3%
2010 15.3% 33.7% 31.5% 37.6%
2009 15.6% 30.9% 33.2% 39.2%
2008 14.4% 25.5% 35.3% 36.8%
2007 13.3% 23% 32.7% 40%
2006 13% 22.8% 29.8% 54.4%
2005 12.3% 22% 33.2% 82.2%
2004 12.4% 21.4% 32.3% 89.8%
2003 11.8% 20.9% 32% 95.6%
2002 11.3% 18.8% 33.3% 86.7%
2001 11.2% 18.2% 32% 83%
2000 11.3% 18.7% 29.3% 74.3%
1999 8.78% 18.7% 29.4% 61.7%
1998 11.6% 20% 30% 61.2%
1997 12.5% 20.8% 28.3% 64.6%
1996 11.2% 20.2% 26% 72.4%
1995 11.2% 20.5% 25.8% 81.7%
1994 11.4% 20.4% 26.8% 87.6%
1993 11.5% 19.8% 27.2% 83.8%
1992 11.8% 17.9% 25.3% 92.4%
1991 12% 15.4% 24.2% 92.8%
1990 11.4% 13.2% 22.8% 102.9%
1989 - - 24.4% 98%
1988 - - 24% 115.9%
1987 - - 24.4% 145.3%
1986 - - 22.2% 149%
1985 - - 21.8% 205.2%
1984 - - 29% 166.5%
1983 - - 32.1% 157.3%
1982 - - 25% 155.4%
1981 - - 16.6% 121.7%
1980 - - 19.8% 100%
1979 - - 18% 92%
1978 - - 17.3% 82.5%
1977 - - 18.6% 82.4%
1976 - - 16.8% 68.9%
1975 - - 14.4% 56.2%
1974 - - 14.2% 52.7%
1973 - - 14.1% 80.9%
1972 - - 11.8% 77.7%
1971 - - 11.3% 65.7%
1970 - - 10% 63.9%
1969 - - 12.3% -
1968 - - 14.1% -
1967 - - 13.1% -
1966 - - 12.9% -
1965 - - 12.9% -
1964 - - 10.8% -
1963 - - 10.8% -
1962 - - 10.2% -
1961 - - 10.7% -
1960 - - 10.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Bolivia spent $21.9B, or 39.8% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 98% in Bolivia, ranking 53/185 and 26/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Bolivia
1x
Year Deficit/surplus, % of GDP
Bahamas Bolivia
2024 -1.18% -10.6%
2023 -3.49% -10.9%
2022 -5.16% -7.12%
2021 -11.1% -9.33%
2020 -8.09% -12.7%
2019 -1.65% -7.25%
2018 -3.24% -8.17%
2017 -5.92% -7.86%
2016 -2.61% -7.24%
2015 -3.24% -6.93%
2014 -4.38% -3.41%
2013 -5.16% 0.6%
2012 -3.15% 1.72%
2011 -2.87% 0.83%
2010 -2.56% 1.62%
2009 -2.45% 2.63%
2008 -0.83% 3.53%
2007 -0.76% -1.54%
2006 -0.43% 4.47%
2005 -1.11% -2.24%
2004 -1.93% -5.54%
2003 -1.63% -7.88%
2002 -1.62% -8.79%
2001 0.3% -6.82%
2000 0.09% -3.73%
1999 1.68% -3.84%
1998 -0.41% -5.1%
1997 -1.56% -3.28%
1996 -0.15% -1.9%
1995 0.18% -1.82%
1994 -0.39% -3%
1993 -1.05% -6.1%
1992 -2.23% -4.4%
1991 -2.29% -4.2%
1990 -2.64% -4.4%
1989 - -5.5%
1988 - -6.5%
1987 - -7.7%
1986 - -2.7%
1985 - -9.8%
1984 - -25.4%
1983 - -19.8%
1982 - -15.9%
1981 - -12.3%
1980 - -15.3%
1979 - -11.2%
1978 - -9.97%
1977 - -11.2%
1976 - -1.15%
1975 - -2.33%
1974 - -1.87%
1973 - -3.72%
1972 - -3.69%
1971 - -3.67%
1970 - -1.92%
1969 - -4.16%
1968 - -5.67%
1967 - -4.29%
1966 - -3.55%
1965 - -4.12%
1964 - -2.68%
1963 - -3.02%
1962 - -2.8%
1961 - -2.81%
1960 - -3.35%
1959 - -4.32%
1958 - -2.95%
1957 - -1.11%
1956 - -0.11%
1955 - 0.33%
1954 - 0.006%
1953 - -0.48%
1952 - -0.94%
1951 - -0.42%
1950 - -1.17%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/bolivia | 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 Bolivia's deficit of $5.83B, or 10.6% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Bolivia ran a deficit in 28 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 4.31% of GDP for Bolivia.

Inflation comparison by year

Inflation
Bahamas

Bolivia
1x
Year Consumer prices inflation
Bahamas Bolivia
2024 0.41% 5.1%
2023 3.05% 2.58%
2022 5.61% 1.75%
2021 2.9% 0.74%
2020 0.04% 0.94%
2019 2.49% 1.84%
2018 2.27% 2.27%
2017 1.52% 2.82%
2016 -0.35% 3.62%
2015 1.86% 4.06%
2014 1.51% 5.77%
2013 0.72% 5.74%
2012 1.97% 4.52%
2011 3.2% 9.88%
2010 1.34% 2.5%
2009 2.06% 3.35%
2008 4.49% 14%
2007 2.49% 8.71%
2006 2.39% 4.28%
2005 1.59% 5.39%
2004 0.98% 4.44%
2003 3.03% 3.34%
2002 2.17% 0.93%
2001 2.04% 1.59%
2000 1.61% 4.61%
1999 1.25% 2.16%
1998 1.34% 7.67%
1997 0.54% 4.71%

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

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 4.26% in Bolivia. In 2024, inflation was 0.41% in the Bahamas and 5.1% in Bolivia.

Top exports between countries

Bahamas
Export category Export value
Bolivia
Export category Export value
Processed food, beverages & tobacco $90K
Wood & paper products $6K
Machinery & equipment $5K
Textiles & consumer goods $2K
Metals $1K

Balance of trade

Bahamas Bolivia
Current account balance
-$1.05B
2024
-$1.41B
2024
Current account balance ranking
127/190
2024
132/190
2024
Current account balance, % of GDP
-6.65%
2024
-2.56%
2024
Goods imports
$4.6B
2024
$9.15B
2024
Goods exports
$874M
2024
$8.93B
2024
Service imports
$2.47B
2024
$2.35B
2024
Service exports
$5.9B
2024
$1.14B
2024
Imports of goods and services, % of GDP
41.5%
2024
25.5%
2024
Exports of goods and services, % of GDP
37.8%
2024
21.4%
2024

Economic freedom indices

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

Bahamas Bolivia
Economic freedom 65.1 42.4
Economic freedom ranking 66/197 184/197
Property rights 62.7 20.2
Government integrity 67.1 27.1
Judicial effectiveness 79.8 29.5
Tax burden 96.1 86.4
Government spending 83.8 56.3
Fiscal health 9.1 0.8
Business freedom 69.4 53.6
Labor freedom 66.5 52.2
Monetary freedom 77.2 67.1
Trade freedom 59.4 60.6
Investment freedom 50 15
Financial freedom 60 40

Economic freedom comparison by year

Bahamas
Bolivia
1x
Year Economic freedom index
Bahamas Bolivia
2026 65.1 42.4
2025 63.2 44.1
2024 62.5 43.5
2023 62.6 43.4
2022 68.7 43
2021 64.6 42.7
2020 64.5 42.8
2019 62.9 42.3
2018 63.3 44.1
2017 61.1 47.7
2016 70.9 47.4
2015 68.7 46.8
2014 69.8 48.4
2013 70.1 47.9
2012 68 50.2
2011 68 50
2010 67.3 49.4
2009 70.3 53.6
2008 71.1 53.1
2007 72 54.2
2006 72.3 57.8
2005 72.6 58.4
2004 72.1 64.5
2003 73.5 64.3
2002 74.4 65.1
2001 74.8 68
2000 73.9 65
1999 74.7 65.6
1998 74.5 68.8
1997 74.5 65.1
1996 74 65.2
1995 71.8 56.8

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 42.4 for Bolivia, ranking 184/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Bolivia
Services, % of GDP
77.2%
2024
53.4%
2024
Industry, % of GDP
9.63%
2024
31.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
8.83%
2024
GNI, Atlas method
$14.9B
2024
$51.7B
2024
GNI per capita, PPP
$39,550
2024
$12,620
2024
Total reserves including gold
$2.51B
2023
$1.98B
2024
Total reserves ranking
122/177
2023
127/177
2024
Net foreign direct investment
-$77.6M
2024
-$113M
2024
Net inflows of foreign direct investment
$241M
2024
$387M
2024
Net outflows of foreign direct investment
$163M
2024
$133M
2024
Servicing debt to the IMF, % of GNI n/a
3.41%
2024
Poverty at national poverty lines
9.3%
2020
36.5%
2023
Gross capital formation, % of GDP
26.8%
2024
17.9%
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/bolivia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2022, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.