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Economy of Bahamas vs Cameroon compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $53.3B for Cameroon, ranking 140/197 and 91/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $22.8B (42.8% of GDP) in Cameroon.

Bahamas vs Cameroon GDP by year

Bahamas
Cameroon
1x
Year GDP, current $
Bahamas Cameroon
2024 $15,832,800,000 $53,296,694,320
2023 $15,271,300,000 $48,814,501,547
2022 $13,896,800,000 $44,347,206,073
2021 $12,037,000,000 $45,011,937,347
2020 $10,363,200,000 $40,773,241,177
2019 $13,277,000,000 $39,667,757,528
2018 $12,819,200,000 $39,955,552,190
2017 $12,446,900,000 $36,098,547,033
2016 $11,880,900,000 $33,814,337,044
2015 $11,837,600,000 $32,210,233,020
2014 $11,139,100,000 $36,386,544,706
2013 $10,475,300,000 $33,728,621,180
2012 $10,720,400,000 $30,155,062,329
2011 $10,070,450,000 $30,630,910,495
2010 $10,095,760,000 $27,507,501,821
2009 $9,981,960,000 $27,932,970,317
2008 $10,526,000,000 $27,715,142,033
2007 $10,618,340,000 $23,928,250,433
2006 $10,167,250,000 $20,910,512,975
2005 $9,836,200,000 $19,509,852,207
2004 $9,055,290,000 $18,826,214,136
2003 $8,870,090,000 $15,970,315,035
2002 $8,881,160,000 $12,417,251,350
2001 $8,317,830,000 $10,953,485,349
2000 $8,076,470,000 $10,566,579,295
1999 $7,683,870,000 $11,565,826,465
1998 $6,833,220,000 $11,298,144,990
1997 $6,332,360,000 $10,789,458,433
1996 $3,609,000,000 $11,093,538,846
1995 $3,429,000,000 $10,864,772,471
1994 $3,259,000,000 $8,902,446,252
1993 $3,092,000,000 $16,181,814,713
1992 $3,109,000,000 $12,071,775,335
1991 $3,111,160,000 $11,840,192,296
1990 $3,166,000,000 $12,314,482,628
1989 $3,062,000,000 $11,012,566,195
1988 $2,817,900,000 $12,236,057,362
1987 $2,713,999,900 $13,049,659,981
1986 $2,472,500,000 $11,857,056,199
1985 $2,320,699,900 $8,544,810,498
1984 $2,041,100,000 $7,311,938,026
1983 $1,732,800,000 $6,870,200,010
1982 $1,578,300,000 $6,611,255,964
1981 $1,426,500,000 $6,610,938,617
1980 $1,335,300,000 $6,674,569,047
1979 $1,139,800,100 $5,919,002,983
1978 $832,400,000 $4,662,852,583
1977 $713,000,000 $3,394,664,024
1976 $642,100,000 $2,898,090,002
1975 $596,200,000 $2,857,037,371
1974 $632,400,000 $2,157,415,533
1973 $670,900,000 $1,901,393,361
1972 $590,900,000 $1,498,251,890
1971 $573,400,000 $1,236,941,394
1970 $539,500,000 $1,151,216,993
1969 $538,700,000 $1,100,551,489
1968 $453,800,000 $1,046,191,218
1967 $398,000,000 $936,175,260
1966 $346,800,000 $851,112,535
1965 $300,272,048 $814,083,266
1964 $266,560,043 $776,650,177
1963 $237,650,038 $718,320,845
1962 $212,170,034 $694,247,864
1961 $190,022,030 $652,777,608
1960 $169,736,027 $614,206,068

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

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

GDP per capita in Bahamas vs Cameroon by year

Bahamas
GDP per capita

GDP per capita, PPP
Cameroon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Cameroon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $1,830 $5,589
2023 $38,232 $39,090 $1,720 $5,411
2022 $34,957 $36,791 $1,605 $5,189
2021 $30,368 $31,065 $1,672 $4,794
2020 $26,179 $27,205 $1,556 $4,365
2019 $33,640 $36,116 $1,555 $4,241
2018 $32,642 $35,228 $1,611 $4,011
2017 $31,875 $34,282 $1,496 $3,767
2016 $30,617 $32,285 $1,442 $3,627
2015 $30,719 $32,138 $1,415 $3,498
2014 $29,137 $31,726 $1,649 $3,422
2013 $27,643 $30,294 $1,576 $3,239
2012 $28,552 $31,036 $1,449 $3,060
2011 $27,091 $30,074 $1,514 $2,989
2010 $27,473 $29,625 $1,399 $2,914
2009 $27,513 $29,197 $1,461 $2,879
2008 $29,392 $30,679 $1,492 $2,870
2007 $30,052 $31,232 $1,326 $2,818
2006 $29,185 $30,402 $1,191 $2,704
2005 $28,602 $29,143 $1,143 $2,598
2004 $26,650 $27,660 $1,133 $2,533
2003 $26,429 $27,031 $988 $2,368
2002 $26,782 $27,171 $790 $2,263
2001 $25,372 $26,351 $715 $2,191
2000 $24,940 $25,422 $709 $2,108
1999 $24,041 $24,184 $796 $2,039
1998 $21,667 $22,556 $799 $1,975
1997 $20,368 $21,606 $783 $1,915
1996 $11,784 $21,287 $827 $1,850
1995 $11,375 $20,377 $832 $1,790
1994 $10,991 $19,441 $701 $1,752
1993 $10,613 $18,781 $1,310 $1,731
1992 $10,873 $18,636 $1,005 $1,890
1991 $11,082 $19,296 $1,015 $1,963
1990 $11,473 $19,817 $1,087 $2,032
1989 $11,291 - $1,001 -
1988 $10,576 - $1,145 -
1987 $10,361 - $1,258 -
1986 $9,601 - $1,179 -
1985 $9,167 - $875 -
1984 $8,202 - $772 -
1983 $7,081 - $746 -
1982 $6,559 - $732 -
1981 $6,029 - $750 -
1980 $5,743 - $784 -
1979 $4,994 - $718 -
1978 $3,720 - $582 -
1977 $3,253 - $435 -
1976 $2,993 - $381 -
1975 $2,841 - $386 -
1974 $3,080 - $299.9 -
1973 $3,341 - $271.8 -
1972 $3,014 - $220.1 -
1971 $3,004 - $186.7 -
1970 $2,916 - $178.5 -
1969 $3,027 - $175.2 -
1968 $2,668 - $170.8 -
1967 $2,453 - $156.6 -
1966 $2,239 - $145.8 -
1965 $2,030 - $142.7 -
1964 $1,883 - $139.2 -
1963 $1,759 - $131.6 -
1962 $1,651 - $130 -
1961 $1,555 - $124.6 -
1960 $1,459 - $119.1 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $1,830 in Cameroon, ranking 158/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Cameroon ranks 156th at $5,589.

Economic indicators

Bahamas Cameroon
Gross domestic product
$15.8B
2024
$53.3B
2024
GDP rank
140/197
2024
91/197
2024
GDP growth
3.38%
2023-2024
3.52%
2023-2024
GDP per capita
$39,455
2024
$1,830
2024
GDP per capita rank
30/197
2024
158/197
2024
GDP per capita, PPP
$41,198
2024
$5,589
2024
GDP per capita PPP rank
57/197
2024
156/197
2024
Government debt
$11.5B
2024
$22.8B
2024
Debt-to-GDP ratio
72.5%
2024
42.8%
2024
Government debt per person
$28,616
2024
$784
2024
Government debt per person rank
25/185
2024
152/185
2024
Average annual personal income after taxes
$29,535
2026
$1,578
2026
Income share by richest 10% n/a
31.1%
2021
Income share by poorest 10% n/a
2.1%
2021
Government expenditure, % of GDP
20.6%
2024
16.7%
2024
Consumer prices inflation
0.41%
2023-2024
4.53%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
3.28%
2021
Population
405203
30864115

Spending and national debt comparison by year

Bahamas
Spending

Debt
Cameroon
Spending

Debt
1x
Year % of GDP
Bahamas Cameroon
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 16.7% 42.8%
2023 22.2% 74.8% 17.1% 43.1%
2022 23.9% 79.1% 17.1% 45.6%
2021 26.9% 84.5% 17.1% 47.2%
2020 28.2% 81.9% 16.6% 44.9%
2019 19.9% 59.3% 18.7% 41.6%
2018 19.2% 60.6% 18% 38.3%
2017 22.5% 53.4% 19.2% 36.5%
2016 19.4% 51% 20.2% 32.1%
2015 17.9% 48.5% 20.1% 31.6%
2014 17.6% 46.3% 20.1% 20.7%
2013 18.4% 44.8% 19.2% 17.5%
2012 16.5% 36.4% 17.2% 14.9%
2011 17.1% 35.3% 17.8% 15.9%
2010 15.3% 33.7% 15.2% 14%
2009 15.6% 30.9% 14.7% 11.3%
2008 14.4% 25.5% 15.9% 11.2%
2007 13.3% 23% 13.5% 13.8%
2006 13% 22.8% 12.5% 18.4%
2005 12.3% 22% 12.4% 43.8%
2004 12.4% 21.4% 13.4% 51.7%
2003 11.8% 20.9% 13.2% 51.5%
2002 11.3% 18.8% 13.9% 56.6%
2001 11.2% 18.2% 14.6% 62.2%
2000 11.3% 18.7% 14.6% 75.9%
1999 8.78% 18.7% - 68.4%
1998 11.6% 20% - 67.8%
1997 12.5% 20.8% - -
1996 11.2% 20.2% - -
1995 11.2% 20.5% - -
1994 11.4% 20.4% - -
1993 11.5% 19.8% - -
1992 11.8% 17.9% - -
1991 12% 15.4% - -
1990 11.4% 13.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Cameroon spent $8.91B, or 16.7% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 42.8% in Cameroon, ranking 53/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Cameroon
1x
Year Deficit/surplus, % of GDP
Bahamas Cameroon
2024 -1.18% -1.48%
2023 -3.49% -0.63%
2022 -5.16% -1.11%
2021 -11.1% -3.01%
2020 -8.09% -3.19%
2019 -1.65% -3.24%
2018 -3.24% -2.41%
2017 -5.92% -4.72%
2016 -2.61% -5.88%
2015 -3.24% -4.25%
2014 -4.38% -4.09%
2013 -5.16% -3.55%
2012 -3.15% -1.4%
2011 -2.87% -2.26%
2010 -2.56% -0.93%
2009 -2.45% -0.04%
2008 -0.83% 2%
2007 -0.76% 3.87%
2006 -0.43% 28.2%
2005 -1.11% 3.03%
2004 -1.93% -0.46%
2003 -1.63% 0.56%
2002 -1.62% 1.51%
2001 0.3% 0.86%
2000 0.09% 1.54%
1999 1.68% -
1998 -0.41% -
1997 -1.56% -
1996 -0.15% -
1995 0.18% -
1994 -0.39% -
1993 -1.05% -
1992 -2.23% -
1991 -2.29% -
1990 -2.64% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/cameroon | 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 Cameroon's deficit of $789M, or 1.48% of GDP.

Over the past 25 years, the Bahamas recorded a fiscal deficit in 23 of those years, while Cameroon ran a deficit in 17 years. On average, the Bahamas posted an annual deficit equal to 2.97% of GDP, compared to deficit of 0.04% of GDP for Cameroon.

Inflation comparison by year

Inflation
Bahamas

Cameroon
1x
Year Consumer prices inflation
Bahamas Cameroon
2024 0.41% 4.53%
2023 3.05% 7.38%
2022 5.61% 6.25%
2021 2.9% 2.27%
2020 0.04% 2.44%
2019 2.49% 2.45%
2018 2.27% 1.07%
2017 1.52% 0.64%
2016 -0.35% 0.87%
2015 1.86% 2.68%
2014 1.51% 1.85%
2013 0.72% 2.05%
2012 1.97% 2.74%
2011 3.2% 2.94%
2010 1.34% 1.28%
2009 2.06% 3.04%
2008 4.49% 5.34%
2007 2.49% 0.92%
2006 2.39% 5.12%
2005 1.59% 2.01%
2004 0.98% 0.23%
2003 3.03% 0.62%
2002 2.17% 2.83%
2001 2.04% 4.42%
2000 1.61% 1.23%
1999 1.25% 1.87%
1998 1.34% 3.17%
1997 0.54% 4.79%

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

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.75% in Cameroon. In 2024, inflation was 0.41% in the Bahamas and 4.53% in Cameroon.

Balance of trade

Bahamas Cameroon
Current account balance
-$1.05B
2024
-$2.02B
2023
Current account balance ranking
127/190
2024
144/190
2023
Current account balance, % of GDP
-6.65%
2024
-4.14%
2023
Goods imports
$4.6B
2024
$7.74B
2023
Goods exports
$874M
2024
$6.34B
2023
Service imports
$2.47B
2024
$2.55B
2023
Service exports
$5.9B
2024
$2.01B
2023
Imports of goods and services, % of GDP
41.5%
2024
18.7%
2024
Exports of goods and services, % of GDP
37.8%
2024
15.7%
2024

Economic freedom indices

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

Bahamas Cameroon
Economic freedom 65.1 52
Economic freedom ranking 66/197 151/197
Property rights 62.7 28.1
Government integrity 67.1 21
Judicial effectiveness 79.8 10.1
Tax burden 96.1 72.2
Government spending 83.8 91.4
Fiscal health 9.1 94.5
Business freedom 69.4 48.6
Labor freedom 66.5 45.6
Monetary freedom 77.2 75.3
Trade freedom 59.4 57.2
Investment freedom 50 30
Financial freedom 60 50

Economic freedom comparison by year

Bahamas
Cameroon
1x
Year Economic freedom index
Bahamas Cameroon
2026 65.1 52
2025 63.2 52.1
2024 62.5 53.6
2023 62.6 51.9
2022 68.7 52.9
2021 64.6 53.4
2020 64.5 53.6
2019 62.9 52.4
2018 63.3 51.9
2017 61.1 51.8
2016 70.9 54.2
2015 68.7 51.9
2014 69.8 52.6
2013 70.1 52.3
2012 68 51.8
2011 68 51.8
2010 67.3 52.3
2009 70.3 53
2008 71.1 54.3
2007 72 55.6
2006 72.3 54.6
2005 72.6 53
2004 72.1 52.3
2003 73.5 52.7
2002 74.4 52.8
2001 74.8 53.3
2000 73.9 49.9
1999 74.7 50.3
1998 74.5 48
1997 74.5 44.6
1996 74 45.7
1995 71.8 51.3

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 52 for Cameroon, ranking 151/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Cameroon
Services, % of GDP
77.2%
2024
50.7%
2024
Industry, % of GDP
9.63%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
18.5%
2024
GNI, Atlas method
$14.9B
2024
$49.5B
2024
GNI per capita, PPP
$39,550
2024
$5,490
2024
Total reserves including gold
$2.51B
2023
$4.88B
2023
Total reserves ranking
122/177
2023
103/177
2023
Net foreign direct investment
-$77.6M
2024
-$901M
2023
Net inflows of foreign direct investment
$241M
2024
$888M
2024
Net outflows of foreign direct investment
$163M
2024
$63.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.2%
2024
Poverty at national poverty lines
9.3%
2020
37.7%
2021
Gross capital formation, % of GDP
26.8%
2024
18.9%
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/cameroon | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.