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Economy of Bahamas vs Bulgaria compared: GDP & Debt

Updated on by Georank

The Bahamas has a GDP of $15.8B compared to $131B for Bulgaria, ranking 145/197 and 63/197 by economy size, respectively.

The Bahamas has $11.7B in government debt (73.8% of GDP), compared to $35.4B (27.1% of GDP) in Bulgaria.

Bahamas vs Bulgaria GDP by year

Bahamas
Bulgaria
1x
Year GDP, current $
Bahamas Bulgaria
2025 - $130,777,235,530
2024 $15,832,800,000 $113,349,149,167
2023 $15,271,300,000 $102,204,457,335
2022 $13,896,800,000 $90,510,784,778
2021 $12,037,000,000 $84,378,926,047
2020 $10,363,200,000 $70,490,478,088
2019 $13,277,000,000 $68,511,235,459
2018 $12,819,200,000 $66,100,606,677
2017 $12,446,900,000 $59,170,671,046
2016 $11,880,900,000 $53,932,152,154
2015 $11,837,600,000 $50,768,512,173
2014 $11,139,100,000 $57,083,817,240
2013 $10,475,300,000 $55,822,115,861
2012 $10,720,400,000 $54,299,825,600
2011 $10,070,450,000 $57,684,243,980
2010 $10,095,760,000 $50,691,645,231
2009 $9,981,960,000 $52,026,461,290
2008 $10,526,000,000 $54,483,464,293
2007 $10,618,340,000 $44,433,521,725
2006 $10,167,250,000 $34,382,295,487
2005 $9,836,200,000 $29,870,182,425
2004 $9,055,290,000 $26,159,078,743
2003 $8,870,090,000 $21,146,038,619
2002 $8,881,160,000 $16,403,880,783
2001 $8,317,830,000 $14,184,170,319
2000 $8,076,470,000 $13,246,669,554
1999 $7,683,870,000 $13,637,793,854
1998 $6,833,220,000 $15,031,821,788
1997 $6,332,360,000 $11,316,706,412
1996 $3,609,000,000 $12,295,588,924
1995 $3,429,000,000 $18,992,388,645
1994 $3,259,000,000 $9,709,230,161
1993 $3,092,000,000 $10,832,041,595
1992 $3,109,000,000 $8,602,874,120
1991 $3,111,160,000 $7,628,764,750
1990 $3,166,000,000 $20,726,605,649
1989 $3,062,000,000 $21,746,286,447
1988 $2,817,900,000 $23,003,003,708
1987 $2,713,999,900 $28,428,718,531
1986 $2,472,500,000 $20,261,546,635
1985 $2,320,699,900 $17,562,270,447
1984 $2,041,100,000 $17,410,894,971
1983 $1,732,800,000 $16,959,180,922
1982 $1,578,300,000 $19,803,624,625
1981 $1,426,500,000 $20,055,685,481
1980 $1,335,300,000 $20,039,544,133
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/bulgaria | CC BY

GDP per capita in Bahamas vs Bulgaria by year

Bahamas
GDP per capita

GDP per capita, PPP
Bulgaria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Bulgaria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $20,328 -
2024 $39,455 $41,198 $17,597 $41,969
2023 $38,232 $39,090 $15,854 $38,829
2022 $34,957 $36,791 $14,000 $36,320
2021 $30,368 $31,065 $12,967 $30,959
2020 $26,179 $27,205 $10,761 $27,352
2019 $33,640 $36,116 $10,354 $26,766
2018 $32,642 $35,228 $9,850 $23,998
2017 $31,875 $34,282 $8,697 $22,317
2016 $30,617 $32,285 $7,823 $20,746
2015 $30,719 $32,138 $7,269 $18,896
2014 $29,137 $31,726 $8,070 $17,991
2013 $27,643 $30,294 $7,796 $16,894
2012 $28,552 $31,036 $7,432 $16,327
2011 $27,091 $30,074 $7,850 $15,747
2010 $27,473 $29,625 $6,854 $14,954
2009 $27,513 $29,197 $6,989 $14,188
2008 $29,392 $30,679 $7,272 $14,347
2007 $30,052 $31,232 $5,889 $12,822
2006 $29,185 $30,402 $4,523 $11,406
2005 $28,602 $29,143 $3,900 $10,291
2004 $26,650 $27,660 $3,390 $9,200
2003 $26,429 $27,031 $2,720 $8,416
2002 $26,782 $27,171 $2,093 $7,786
2001 $25,372 $26,351 $1,771 $6,960
2000 $24,940 $25,422 $1,621 $6,424
1999 $24,041 $24,184 $1,661 $5,808
1998 $21,667 $22,556 $1,821 $6,178
1997 $20,368 $21,606 $1,361 $5,751
1996 $11,784 $21,287 $1,470 $6,849
1995 $11,375 $20,377 $2,259 $7,743
1994 $10,991 $19,441 $1,150 $7,338
1993 $10,613 $18,781 $1,279 $7,032
1992 $10,873 $18,636 $1,007 $6,917
1991 $11,082 $19,296 $884 $7,215
1990 $11,473 $19,817 $2,377 $7,548
1989 $11,291 - $2,450 -
1988 $10,576 - $2,561 -
1987 $10,361 - $3,169 -
1986 $9,601 - $2,262 -
1985 $9,167 - $1,960 -
1984 $8,202 - $1,943 -
1983 $7,081 - $1,897 -
1982 $6,559 - $2,221 -
1981 $6,029 - $2,256 -
1980 $5,743 - $2,261 -
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/bulgaria | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $20,328 in Bulgaria, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Bulgaria ranks 54th at $41,969.

Economic indicators

Bahamas Bulgaria
Gross domestic product
$15.8B
2024
$131B
2025
GDP rank
145/197
2024
63/197
2025
GDP growth
3.38%
2023-2024
3.1%
2024-2025
GDP per capita
$39,455
2024
$20,328
2025
GDP per capita rank
30/197
2024
58/197
2025
GDP per capita, PPP
$41,198
2024
$41,969
2024
GDP per capita PPP rank
57/197
2024
54/197
2024
Government debt
$11.7B
2024
$35.4B
2025
Debt-to-GDP ratio
73.8%
2025
27.1%
2025
Government debt per person
$29,123
2024
$5,507
2025
Government debt per person rank
25/185
2024
79/185
2025
Average annual personal income after taxes
$36,621
2026
$16,126
2026
Market capitalization of domestic companies n/a
$11.2B
2025
Number of billionaires n/a
2
2026
Income share by richest 10% n/a
31.1%
2023
Income share by poorest 10% n/a
2.1%
2023
Government expenditure, % of GDP
21.5%
2025
38.9%
2025
Consumer prices inflation
0.41%
2023-2024
3.5%
2024-2025
Central bank interest rate
4%
2016
1.81%
2025
Unemployment rate
10.3%
2023
3.5%
2025
Population
405486
6390149

Spending and national debt comparison by year

Bahamas
Spending

Debt
Bulgaria
Spending

Debt
1x
Year % of GDP
Bahamas Bulgaria
Government spending Government debt Government spending Government debt
2025 21.5% 73.8% 38.9% 27.1%
2024 21% 73.8% 36.3% 23.8%
2023 23.2% 78.3% 37.5% 22.9%
2022 25.6% 84.7% 37.6% 22.5%
2021 28.9% 90.7% 38.5% 23.9%
2020 24.8% 71.9% 37.7% 22.7%
2019 20.3% 60.3% 36.1% 18.4%
2018 19.4% 61.5% 34.4% 20.1%
2017 23.1% 54.6% 32% 22.9%
2016 19.4% 51.1% 32.7% 27%
2015 18.4% 49.9% 37.3% 25.4%
2014 18.1% 47.7% 37.1% 26.3%
2013 18.1% 44.2% 35.5% 17.2%
2012 17% 37.6% 32.5% 16.5%
2011 17.1% 35.3% 32% 14.3%
2010 15.4% 33.9% 34.6% 14.1%
2009 15.2% 30.1% 33.8% 14.5%
2008 14.3% 25.3% 33.5% 14.7%
2007 13.6% 23.5% 33.1% 17.6%
2006 13.2% 23.2% 32.5% 22.6%
2005 12.9% 23% 34% 28.5%
2004 12.5% 21.6% 34.6% 37.8%
2003 11.8% 20.8% 35.8% 45.4%
2002 11.6% 19.4% 35.1% 53.4%
2001 11.4% 18.5% 36.5% 67.1%
2000 11.6% 19.2% 37.1% 73.3%
1999 9.3% 19.8% 36.2% 78.7%
1998 12% 20.8% 30.6% 67.3%
1997 12.9% 21.5% 32.9% 88.4%
1996 11.5% 20.7% 44% 113.8%
1995 11.5% 21% 45.4% 72%
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); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1997, retrieved 2026-07-08).

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

In 2025, the Bahamas' government spending was $3.32B, accounting for 21.5% of its GDP, while Bulgaria spent $50.8B, or 38.9% of GDP.

Debt-to-GDP ratio is 73.8% in the Bahamas and 27.1% in Bulgaria, ranking 52/185 and 164/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Bulgaria
1x
Year Deficit/surplus, % of GDP
Bahamas Bulgaria
2025 -0.49% -3.01%
2024 -1.2% -3.01%
2023 -3.65% -3.04%
2022 -5.53% -0.8%
2021 -11.9% -2.8%
2020 -7.11% -2.92%
2019 -1.68% -0.96%
2018 -3.28% 0.12%
2017 -6.05% 0.82%
2016 -2.61% 1.54%
2015 -3.34% -2.77%
2014 -4.51% -3.65%
2013 -5.1% -1.75%
2012 -3.25% -0.43%
2011 -2.87% -1.83%
2010 -2.57% -3.77%
2009 -2.39% -0.86%
2008 -0.82% 2.73%
2007 -0.77% 3.09%
2006 -0.44% 3.22%
2005 -1.16% 2.19%
2004 -1.95% 1.59%
2003 -1.63% 0.003%
2002 -1.67% -0.61%
2001 0.3% -0.58%
2000 0.09% -0.6%
1999 1.78% 0.15%
1998 -0.43% 1.08%
1997 -1.6% 0.83%
1996 -0.15% -10.1%
1995 0.18% -7.98%
1994 -0.4% -
1993 -1.05% -
1992 -2.23% -
1991 -2.27% -
1990 -2.64% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - 0%
1943 - 0%
1942 - -0.3%
1941 - 3.96%
1940 - 0.75%
1939 - 0.72%
1938 - 1%
1937 - 1.41%
1936 - 1.17%
1935 - 1.34%
1934 - -0.12%
1933 - -0.56%
1932 - -2.14%
1931 - -3.07%
1930 - -5.48%
1929 - -6.67%
1928 - -1.09%
1927 - -0.02%
1926 - -0.25%
1925 - -0.97%
1924 - 1.26%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/bulgaria | 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 Bulgaria's deficit of $3.41B, or 3.01% of GDP.

Over the past 30 years, the Bahamas recorded a fiscal deficit in 26 of those years, while Bulgaria ran a deficit in 18 years. On average, the Bahamas posted an annual deficit equal to 2.51% of GDP, compared to deficit of 1.04% of GDP for Bulgaria.

Inflation comparison by year

Inflation
Bahamas

Bulgaria
1x
Year Consumer prices inflation
Bahamas Bulgaria
2025 - 3.5%
2024 0.41% 2.6%
2023 3.05% 8.6%
2022 5.61% 13%
2021 2.9% 2.8%
2020 0.04% 1.2%
2019 2.49% 2.5%
2018 2.27% 2.6%
2017 1.52% 1.2%
2016 -0.35% -1.3%
2015 1.86% -1.1%
2014 1.51% -1.6%
2013 0.72% 0.4%
2012 1.97% 2.4%
2011 3.2% 3.4%
2010 1.34% 3%
2009 2.06% 2.5%
2008 4.49% 12%
2007 2.49% 7.6%
2006 2.39% 7.4%
2005 1.59% 6%
2004 0.98% 6.1%
2003 3.03% 2.3%
2002 2.17% 5.8%
2001 2.04% 7.4%
2000 1.61% 10.3%
1999 1.25% 2.6%
1998 1.34% 18.7%
1997 0.54% 1,061%

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/bulgaria | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 42.5% in Bulgaria. In 2024, inflation was 0.41% in the Bahamas and 3.5% in Bulgaria.

Top exports between countries

Bahamas
Export category Export value
Textiles & consumer goods $10K
Bulgaria
Export category Export value
Machinery & equipment $583K
Wood & paper products $425K
Miscellaneous $96K
Textiles & consumer goods $32K
Raw materials & minerals $11K
Metals $10K
Processed food, beverages & tobacco $5K

Balance of trade

Bahamas Bulgaria
Current account balance
-$1.05B
2024
-$7.64B
2025
Current account balance ranking
120/190
2024
170/190
2025
Current account balance, % of GDP
-6.65%
2024
-5.84%
2025
Goods imports
$4.6B
2024
$58.5B
2025
Goods exports
$874M
2024
$47.9B
2025
Service imports
$2.47B
2024
$9.42B
2025
Service exports
$5.9B
2024
$18.6B
2025
Imports of goods and services, % of GDP
41.5%
2024
51.8%
2025
Exports of goods and services, % of GDP
37.8%
2024
50.7%
2025

Economic freedom indices

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

Bahamas Bulgaria
Economic freedom 65.1 68.9
Economic freedom ranking 66/197 44/197
Property rights 62.7 75.8
Government integrity 67.1 48.4
Judicial effectiveness 79.8 58.5
Tax burden 96.1 89.1
Government spending 83.8 58.4
Fiscal health 9.1 90.4
Business freedom 69.4 78.2
Labor freedom 66.5 62.4
Monetary freedom 77.2 75.8
Trade freedom 59.4 79.4
Investment freedom 50 60
Financial freedom 60 50

Economic freedom comparison by year

Bahamas
Bulgaria
1x
Year Economic freedom index
Bahamas Bulgaria
2026 65.1 68.9
2025 63.2 68.8
2024 62.5 68.5
2023 62.6 69.3
2022 68.7 71
2021 64.6 70.4
2020 64.5 70.2
2019 62.9 69
2018 63.3 68.3
2017 61.1 67.9
2016 70.9 65.9
2015 68.7 66.8
2014 69.8 65.7
2013 70.1 65
2012 68 64.7
2011 68 64.9
2010 67.3 62.3
2009 70.3 64.6
2008 71.1 63.7
2007 72 62.7
2006 72.3 64.1
2005 72.6 62.3
2004 72.1 59.2
2003 73.5 57
2002 74.4 57.1
2001 74.8 51.9
2000 73.9 47.3
1999 74.7 46.2
1998 74.5 45.7
1997 74.5 47.6
1996 74 48.6
1995 71.8 50

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 68.9 for Bulgaria, ranking 44/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Bulgaria
Services, % of GDP
77.2%
2024
63.3%
2025
Industry, % of GDP
9.63%
2024
21.2%
2025
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
2.47%
2025
GNI, Atlas method
$14.9B
2024
$114B
2025
GNI per capita, PPP
$39,610
2024
$42,170
2025
Total reserves including gold
$2.63B
2024
$47.1B
2025
Total reserves ranking
123/177
2024
51/177
2025
Net foreign direct investment
-$77.6M
2024
-$3.37B
2025
Net inflows of foreign direct investment
$241M
2024
$3.05B
2024
Net outflows of foreign direct investment
$163M
2024
$1.21B
2024
Servicing debt to the IMF, % of GNI n/a
6.8%
2024
Poverty at national poverty lines
9.3%
2020
21.7%
2023
Gross capital formation, % of GDP
26.8%
2024
21.7%
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/bulgaria | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.