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Economy of Bahamas vs Chad compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $19.5B for Chad, ranking 140/197 and 132/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $6.37B (32.7% of GDP) in Chad.

Bahamas vs Chad GDP by year

Bahamas
Chad
1x
Year GDP, current $
Bahamas Chad
2024 $15,832,800,000 $19,518,819,751
2023 $15,271,300,000 $18,340,233,749
2022 $13,896,800,000 $17,828,508,290
2021 $12,037,000,000 $16,871,937,698
2020 $10,363,200,000 $14,932,897,821
2019 $13,277,000,000 $14,905,517,743
2018 $12,819,200,000 $15,327,000,249
2017 $12,446,900,000 $13,349,041,409
2016 $11,880,900,000 $13,026,289,836
2015 $11,837,600,000 $14,559,599,500
2014 $11,139,100,000 $18,144,336,904
2013 $10,475,300,000 $17,865,316,886
2012 $10,720,400,000 $17,892,228,570
2011 $10,070,450,000 $16,685,349,674
2010 $10,095,760,000 $14,058,506,664
2009 $9,981,960,000 $12,317,614,054
2008 $10,526,000,000 $13,385,593,990
2007 $10,618,340,000 $10,865,385,132
2006 $10,167,250,000 $9,709,626,596
2005 $9,836,200,000 $8,655,892,393
2004 $9,055,290,000 $4,422,855,661
2003 $8,870,090,000 $2,742,815,072
2002 $8,881,160,000 $1,997,005,709
2001 $8,317,830,000 $1,710,843,377
2000 $8,076,470,000 $1,388,506,772
1999 $7,683,870,000 $1,534,673,583
1998 $6,833,220,000 $1,744,794,531
1997 $6,332,360,000 $1,544,689,577
1996 $3,609,000,000 $1,607,345,356
1995 $3,429,000,000 $1,445,919,895
1994 $3,259,000,000 $1,179,837,963
1993 $3,092,000,000 $1,463,251,164
1992 $3,109,000,000 $1,881,847,670
1991 $3,111,160,000 $1,877,137,982
1990 $3,166,000,000 $1,738,605,558
1989 $3,062,000,000 $1,433,686,312
1988 $2,817,900,000 $1,482,597,298
1987 $2,713,999,900 $1,163,426,852
1986 $2,472,500,000 $1,067,828,246
1985 $2,320,699,900 $1,033,069,709
1984 $2,041,100,000 $919,103,735
1983 $1,732,800,000 $832,415,806
1982 $1,578,300,000 $834,369,860
1981 $1,426,500,000 $876,937,558
1980 $1,335,300,000 $1,033,002,404
1979 $1,139,800,100 $1,004,316,496
1978 $832,400,000 $1,113,920,124
1977 $713,000,000 $935,360,465
1976 $642,100,000 $866,044,962
1975 $596,200,000 $864,602,105
1974 $632,400,000 $652,532,795
1973 $670,900,000 $647,199,483
1972 $590,900,000 $585,427,547
1971 $573,400,000 $501,866,730
1970 $539,500,000 $469,266,737
1969 $538,700,000 $471,635,622
1968 $453,800,000 $453,980,096
1967 $398,000,000 $449,826,323
1966 $346,800,000 $432,794,922
1965 $300,272,048 $416,926,303
1964 $266,560,043 $392,247,518
1963 $237,650,038 $371,767,002
1962 $212,170,034 $357,635,713
1961 $190,022,030 $333,975,336
1960 $169,736,027 $313,582,728

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

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

GDP per capita in Bahamas vs Chad by year

Bahamas
GDP per capita

GDP per capita, PPP
Chad
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Chad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $962 $2,743
2023 $38,232 $39,090 $949 $2,700
2022 $34,957 $36,791 $966 $2,624
2021 $30,368 $31,065 $946 $2,435
2020 $26,179 $27,205 $867 $2,186
2019 $33,640 $36,116 $893 $2,352
2018 $32,642 $35,228 $949 $2,228
2017 $31,875 $34,282 $854 $2,097
2016 $30,617 $32,285 $862 $2,120
2015 $30,719 $32,138 $994 $2,378
2014 $29,137 $31,726 $1,279 $2,133
2013 $27,643 $30,294 $1,305 $2,110
2012 $28,552 $31,036 $1,354 $2,435
2011 $27,091 $30,074 $1,308 $2,388
2010 $27,473 $29,625 $1,142 $2,320
2009 $27,513 $29,197 $1,036 $2,087
2008 $29,392 $30,679 $1,166 $2,181
2007 $30,052 $31,232 $980 $2,149
2006 $29,185 $30,402 $907 $2,079
2005 $28,602 $29,143 $838 $2,102
2004 $26,650 $27,660 $446 $1,808
2003 $26,429 $27,031 $289.1 $1,378
2002 $26,782 $27,171 $219.1 $1,226
2001 $25,372 $26,351 $194.3 $1,152
2000 $24,940 $25,422 $163.1 $1,044
1999 $24,041 $24,184 $186.6 $1,066
1998 $21,667 $22,556 $219.8 $1,096
1997 $20,368 $21,606 $201.4 $1,049
1996 $11,784 $21,287 $216.9 $1,010
1995 $11,375 $20,377 $204 $1,014
1994 $10,991 $19,441 $173.9 $1,026
1993 $10,613 $18,781 $220.7 $933
1992 $10,873 $18,636 $290.6 $1,107
1991 $11,082 $19,296 $302 $1,046
1990 $11,473 $19,817 $290.6 $967
1989 $11,291 - $246.4 -
1988 $10,576 - $263.5 -
1987 $10,361 - $213.9 -
1986 $9,601 - $203.4 -
1985 $9,167 - $202.7 -
1984 $8,202 - $182.2 -
1983 $7,081 - $167.2 -
1982 $6,559 - $176.1 -
1981 $6,029 - $194 -
1980 $5,743 - $228.8 -
1979 $4,994 - $222.9 -
1978 $3,720 - $252.5 -
1977 $3,253 - $215.9 -
1976 $2,993 - $203.7 -
1975 $2,841 - $207.5 -
1974 $3,080 - $160 -
1973 $3,341 - $162.4 -
1972 $3,014 - $150.4 -
1971 $3,004 - $131.8 -
1970 $2,916 - $125.9 -
1969 $3,027 - $129.2 -
1968 $2,668 - $126.9 -
1967 $2,453 - $128.2 -
1966 $2,239 - $125.8 -
1965 $2,030 - $123.6 -
1964 $1,883 - $118.6 -
1963 $1,759 - $114.7 -
1962 $1,651 - $112.6 -
1961 $1,555 - $107.3 -
1960 $1,459 - $102.8 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $962 in Chad, ranking 182/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Chad ranks 182nd at $2,743.

Economic indicators

Bahamas Chad
Gross domestic product
$15.8B
2024
$19.5B
2024
GDP rank
140/197
2024
132/197
2024
GDP growth
3.38%
2023-2024
4.2%
2023-2024
GDP per capita
$39,455
2024
$962
2024
GDP per capita rank
30/197
2024
182/197
2024
GDP per capita, PPP
$41,198
2024
$2,743
2024
GDP per capita PPP rank
57/197
2024
182/197
2024
Government debt
$11.5B
2024
$6.37B
2024
Debt-to-GDP ratio
72.5%
2024
32.7%
2024
Government debt per person
$28,616
2024
$314
2024
Government debt per person rank
25/185
2024
177/185
2024
Average annual personal income after taxes
$29,535
2026
$1,276
2026
Income share by richest 10% n/a
29.5%
2022
Income share by poorest 10% n/a
2.8%
2022
Government expenditure, % of GDP
20.6%
2024
18.8%
2024
Consumer prices inflation
0.41%
2023-2024
5.1%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
1.14%
2018
Population
405203
21893857

Spending and national debt comparison by year

Bahamas
Spending

Debt
Chad
Spending

Debt
1x
Year % of GDP
Bahamas Chad
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 18.8% 32.7%
2023 22.2% 74.8% 17.1% 32.2%
2022 23.9% 79.1% 12.6% 32.1%
2021 26.9% 84.5% 13% 41.6%
2020 28.2% 81.9% 14.1% 41.7%
2019 19.9% 59.3% 10.6% 38.4%
2018 19.2% 60.6% 9.73% 33.8%
2017 22.5% 53.4% 11.3% 39.2%
2016 19.4% 51% 11.2% 40.1%
2015 17.9% 48.5% 13.8% 31.3%
2014 17.6% 46.3% 16.9% 29.4%
2013 18.4% 44.8% 16.6% 22.3%
2012 16.5% 36.4% 16.6% 20%
2011 17.1% 35.3% 16.3% 22.3%
2010 15.3% 33.7% 18.5% 22.9%
2009 15.6% 30.9% 19.8% 23.9%
2008 14.4% 25.5% 14.6% 15.7%
2007 13.3% 23% 13.6% 17.6%
2006 13% 22.8% 10.7% 20.1%
2005 12.3% 22% 8.87% 22%
2004 12.4% 21.4% 9.84% 25.2%
2003 11.8% 20.9% 14.9% 34.4%
2002 11.3% 18.8% 13.8% 42%
2001 11.2% 18.2% 12% 43.5%
2000 11.3% 18.7% 14% 52.4%
1999 8.78% 18.7% 12.9% 44.7%
1998 11.6% 20% 10.1% 34.7%
1997 12.5% 20.8% 12% 41.3%
1996 11.2% 20.2% 12% 40.5%
1995 11.2% 20.5% 12.3% 41.1%
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); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Chad spent $3.67B, or 18.8% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 32.7% in Chad, ranking 53/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Chad
1x
Year Deficit/surplus, % of GDP
Bahamas Chad
2024 -1.18% -2.11%
2023 -3.49% -1.26%
2022 -5.16% 3.79%
2021 -11.1% -1.29%
2020 -8.09% 1.24%
2019 -1.65% -0.11%
2018 -3.24% 1.39%
2017 -5.92% -0.18%
2016 -2.61% -1.51%
2015 -3.24% -3.29%
2014 -4.38% -3.22%
2013 -5.16% -1.5%
2012 -3.15% 0.33%
2011 -2.87% 1.75%
2010 -2.56% -3.16%
2009 -2.45% -8.44%
2008 -0.83% 2.82%
2007 -0.76% 2.02%
2006 -0.43% 1.7%
2005 -1.11% -0.05%
2004 -1.93% -1.84%
2003 -1.63% -4.32%
2002 -1.62% -4.08%
2001 0.3% -3.53%
2000 0.09% -4.68%
1999 1.68% -4.07%
1998 -0.41% -1.73%
1997 -1.56% -2.58%
1996 -0.15% -2.86%
1995 0.18% -3.12%
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/chad | 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 Chad's deficit of $412M, or 2.11% of GDP.

Over the past 30 years, the Bahamas recorded a fiscal deficit in 26 of those years, while Chad ran a deficit in 22 years. On average, the Bahamas posted an annual deficit equal to 2.48% of GDP, compared to deficit of 1.46% of GDP for Chad.

Inflation comparison by year

Inflation
Bahamas

Chad
1x
Year Consumer prices inflation
Bahamas Chad
2024 0.41% 5.1%
2023 3.05% 2.3%
2022 5.61% 5.8%
2021 2.9% -0.8%
2020 0.04% 4.5%
2019 2.49% -1%
2018 2.27% 4%
2017 1.52% -0.9%
2016 -0.35% -1.6%
2015 1.86% 4.8%
2014 1.51% -5.5%
2013 0.72% 0.2%
2012 1.97% 7.5%
2011 3.2% 2%
2010 1.34% -2.1%
2009 2.06% 10.1%
2008 4.49% 8.3%
2007 2.49% -7.4%
2006 2.39% 9.6%
2005 1.59% 4.4%
2004 0.98% -4.8%
2003 3.03% -1.8%
2002 2.17% 5.2%
2001 2.04% 12.4%
2000 1.61% 3.8%
1999 1.25% -8.4%
1998 1.34% 4.3%
1997 0.54% 5.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.34% in Chad. In 2024, inflation was 0.41% in the Bahamas and 5.1% in Chad.

Balance of trade

Bahamas Chad
Current account balance
-$1.05B
2024
-$37.7M
1994
Current account balance ranking
127/190
2024
82/190
1994
Current account balance, % of GDP
-6.65%
2024
-3.2%
1994
Goods imports
$4.6B
2024
$212M
1994
Goods exports
$874M
2024
$135M
1994
Service imports
$2.47B
2024
$199M
1994
Service exports
$5.9B
2024
$54.8M
1994
Imports of goods and services, % of GDP
41.5%
2024
18.1%
2024
Exports of goods and services, % of GDP
37.8%
2024
29.8%
2024

Economic freedom indices

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

Bahamas Chad
Economic freedom 65.1 51.2
Economic freedom ranking 66/197 154/197
Property rights 62.7 17.2
Government integrity 67.1 15.2
Judicial effectiveness 79.8 15
Tax burden 96.1 77.9
Government spending 83.8 92.2
Fiscal health 9.1 97.9
Business freedom 69.4 27.4
Labor freedom 66.5 53.7
Monetary freedom 77.2 71.6
Trade freedom 59.4 46.4
Investment freedom 50 60
Financial freedom 60 40

Economic freedom comparison by year

Bahamas
Chad
1x
Year Economic freedom index
Bahamas Chad
2026 65.1 51.2
2025 63.2 52.2
2024 62.5 51.4
2023 62.6 52
2022 68.7 49.8
2021 64.6 50.4
2020 64.5 50.2
2019 62.9 49.9
2018 63.3 49.3
2017 61.1 49
2016 70.9 46.3
2015 68.7 45.9
2014 69.8 44.5
2013 70.1 45.2
2012 68 44.8
2011 68 45.3
2010 67.3 47.5
2009 70.3 47.5
2008 71.1 47.8
2007 72 50.1
2006 72.3 50
2005 72.6 52.1
2004 72.1 53.1
2003 73.5 52.6
2002 74.4 49.2
2001 74.8 46.4
2000 73.9 46.8
1999 74.7 47.2
1998 74.5 46.6
1997 74.5 45.1
1996 74 -
1995 71.8 -

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 51.2 for Chad, ranking 154/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Chad
Services, % of GDP
77.2%
2024
29.8%
2024
Industry, % of GDP
9.63%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
37.7%
2024
GNI, Atlas method
$14.9B
2024
$19.1B
2024
GNI per capita, PPP
$39,550
2024
$2,710
2024
Total reserves including gold
$2.51B
2023
$1.05B
2023
Total reserves ranking
122/177
2023
140/177
2023
Net foreign direct investment
-$77.6M
2024
-$26.5M
1994
Net inflows of foreign direct investment
$241M
2024
$1.02B
2024
Net outflows of foreign direct investment
$163M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.9%
2024
Poverty at national poverty lines
9.3%
2020
44.8%
2022
Gross capital formation, % of GDP
26.8%
2024
26.8%
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/chad | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.