The Bahamas vs Cuba: Economic Indicators Comparison

Cuba with a GDP of $100B ranked the 64th largest economy in the world, while the Bahamas ranked 137th with $12.4B. By GDP 5-years average growth and GDP per capita, Cuba and the Bahamas ranked 130th vs 160th and 82nd vs 31st, respectively.

Gross Domestic Product & Income

Stat	Bahamas	Cuba
GDP	$12.4B	$100B
GDP growth, 1 year	2.3%	2.3%
GDP growth, 5-years average	0.6%	2%
Population	395k	11.5M
GDP per capita	$32k	$8.8k
GDP per capita growth	0.54%	2.26%
Purchasing Power Parity conversion factor	1	0.32
Price level ratio of PPP conversion factor GDP to market exchange rate	1	N/A
GDP per capita, PPP adjusted	$33k	$14k
GNI, Atlas method	$11.8B	$84.8B
GNI per capita	$31k	$7.5k
GNI, PPP adjusted	$11.7B	N/A
GNI per capita, PPP adjusted	$30k	N/A

Financial system and Human development

Stat	Bahamas	Cuba
Income Tax Rate	0%	50%
Corporate Tax Rate	0%	30%
Inflation, consumer prices	2.2%	6.9%
Inflation, GDP deflator	0.7%	1%
Unemployment	11.9%	2.3%
Economic Freedom Index	64.5	26.9
Personal Freedom Index	8.32	5.4
Human Freedom Index	7.97	5.2
Property Rights Index	54.9	20.1
Judical Effectiveness Index	46.4	10
Business Freedom Index	69	20
Fiscal Health Index	69.2	14.8
Labor Freedom Index	70	20
Investment Freedom Index	50	10
Financial Freedom Index	60	10
Trade Freedom Index	47.8	65.6
Monetary Freedom Index	76.3	64.1
Government Spending Index	87.4	0
Tax Burden Index	96.8	49.5
Government Integrity Index	46	38.7
Corruption Perceptions Index	65	47
Life expectancy at birth, years	73.6	78.7
Suicide mortality rate, per 100,000 people	1.7	13.9
Mortality caused by road traffic injury, per 100,000 people	13.8	8.5
Intentional homicides, per 100,000 people	30.9	5
International tourism, number of arrivals	1.6M	4.7M

Government debt & reserves

Stat	Bahamas	Cuba
Central government debt, % of GDP	61%	51%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	7.1%	N/A
Gross savings, % of GDP	12.7%	N/A
Gross capital formation, % of GDP	24.5%	12%
Total reserves including gold	$1.4B	$144M
Foreign direct investment net inflows	$491.4M	N/A

Exports, imports and economic structure

Stat	Bahamas	Cuba
Exports of goods and services, % of GDP	36.1%	14.5%
Imports of goods and services, % of GDP	41.3%	12.6%
Current account balance (balance of payments)	-$1.5B	N/A
Revenue excluding grants, % of GDP	16.4%	N/A
Grants excluding technical cooperation, BoP	$1.7M	$510.6M
Personal remittances received	N/A	N/A
Industry including construction value added, % of GDP	13%	25.1%
Agriculture, forestry and fishing value added, % of GDP	0.9%	3.8%
Charges for the use of intellectual property, payments BoP	$10.3M	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	17.9%	N/A
Government Expenditure, % of GDP	20.5%	64.8%