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Economy of Bahamas vs Czech Republic compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $347B for the Czech Republic, ranking 140/197 and 44/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $150B (43.3% of GDP) in the Czech Republic.

Bahamas vs Czech Republic GDP by year

Bahamas
Czech Republic
1x
Year GDP, current $
Bahamas Czech Republic
2024 $15,832,800,000 $347,034,062,928
2023 $15,271,300,000 $345,059,295,660
2022 $13,896,800,000 $301,831,228,326
2021 $12,037,000,000 $290,972,714,482
2020 $10,363,200,000 $251,109,660,603
2019 $13,277,000,000 $256,794,209,029
2018 $12,819,200,000 $251,992,360,762
2017 $12,446,900,000 $221,563,575,696
2016 $11,880,900,000 $198,160,659,304
2015 $11,837,600,000 $189,107,698,562
2014 $11,139,100,000 $210,911,285,078
2013 $10,475,300,000 $213,024,360,541
2012 $10,720,400,000 $210,363,223,088
2011 $10,070,450,000 $231,429,378,717
2010 $10,095,760,000 $211,168,667,286
2009 $9,981,960,000 $206,971,882,705
2008 $10,526,000,000 $236,506,264,754
2007 $10,618,340,000 $190,040,702,287
2006 $10,167,250,000 $156,236,258,387
2005 $9,836,200,000 $137,264,185,596
2004 $9,055,290,000 $120,147,899,984
2003 $8,870,090,000 $100,435,924,705
2002 $8,881,160,000 $82,607,869,610
2001 $8,317,830,000 $68,135,304,464
2000 $8,076,470,000 $62,175,642,238
1999 $7,683,870,000 $65,586,562,605
1998 $6,833,220,000 $67,187,217,328
1997 $6,332,360,000 $62,539,765,163
1996 $3,609,000,000 $67,804,105,330
1995 $3,429,000,000 $60,572,381,311
1994 $3,259,000,000 $48,188,478,339
1993 $3,092,000,000 $41,155,654,032
1992 $3,109,000,000 $35,051,065,440
1991 $3,111,160,000 $30,071,014,282
1990 $3,166,000,000 $41,016,881,802
1989 $3,062,000,000 -
1988 $2,817,900,000 -
1987 $2,713,999,900 -
1986 $2,472,500,000 -
1985 $2,320,699,900 -
1984 $2,041,100,000 -
1983 $1,732,800,000 -
1982 $1,578,300,000 -
1981 $1,426,500,000 -
1980 $1,335,300,000 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/czech-republic | CC BY

GDP per capita in Bahamas vs Czech Republic by year

Bahamas
GDP per capita

GDP per capita, PPP
Czech Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Czech Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $31,823 $57,285
2023 $38,232 $39,090 $31,762 $55,761
2022 $34,957 $36,791 $28,282 $52,947
2021 $30,368 $31,065 $27,696 $47,796
2020 $26,179 $27,205 $23,473 $44,839
2019 $33,640 $36,116 $24,063 $45,614
2018 $32,642 $35,228 $23,706 $41,638
2017 $31,875 $34,282 $20,913 $39,346
2016 $30,617 $32,285 $18,754 $36,445
2015 $30,719 $32,138 $17,932 $34,093
2014 $29,137 $31,726 $20,038 $32,743
2013 $27,643 $30,294 $20,260 $31,013
2012 $28,552 $31,036 $20,014 $29,466
2011 $27,091 $30,074 $22,049 $29,237
2010 $27,473 $29,625 $20,160 $28,154
2009 $27,513 $29,197 $19,817 $27,713
2008 $29,392 $30,679 $22,775 $27,938
2007 $30,052 $31,232 $18,453 $26,268
2006 $29,185 $30,402 $15,259 $23,914
2005 $28,602 $29,143 $13,442 $22,115
2004 $26,650 $27,660 $11,783 $20,988
2003 $26,429 $27,031 $9,852 $19,604
2002 $26,782 $27,171 $8,101 $18,344
2001 $25,372 $26,351 $6,669 $17,709
2000 $24,940 $25,422 $6,063 $16,332
1999 $24,041 $24,184 $6,378 $15,494
1998 $21,667 $22,556 $6,527 $15,064
1997 $20,368 $21,606 $6,069 $14,911
1996 $11,784 $21,287 $6,573 $14,781
1995 $11,375 $20,377 $5,865 $13,957
1994 $10,991 $19,441 $4,663 $12,862
1993 $10,613 $18,781 $3,984 $12,242
1992 $10,873 $18,636 $3,397 $11,963
1991 $11,082 $19,296 $2,917 $11,768
1990 $11,473 $19,817 $3,969 $12,848
1989 $11,291 - - -
1988 $10,576 - - -
1987 $10,361 - - -
1986 $9,601 - - -
1985 $9,167 - - -
1984 $8,202 - - -
1983 $7,081 - - -
1982 $6,559 - - -
1981 $6,029 - - -
1980 $5,743 - - -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/czech-republic | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $31,823 in the Czech Republic, ranking 39/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while the Czech Republic ranks 35th at $57,285.

Economic indicators

Bahamas Czech Republic
Gross domestic product
$15.8B
2024
$347B
2024
GDP rank
140/197
2024
44/197
2024
GDP growth
3.38%
2023-2024
1.23%
2023-2024
GDP per capita
$39,455
2024
$31,823
2024
GDP per capita rank
30/197
2024
39/197
2024
GDP per capita, PPP
$41,198
2024
$57,285
2024
GDP per capita PPP rank
57/197
2024
35/197
2024
Government debt
$11.5B
2024
$150B
2024
Debt-to-GDP ratio
72.5%
2024
43.3%
2024
Government debt per person
$28,616
2024
$13,792
2024
Government debt per person rank
25/185
2024
43/185
2024
Average annual personal income after taxes
$29,535
2026
$22,139
2026
Market capitalization of domestic companies n/a
$34.6B
2024
Number of billionaires n/a
11
2025
Income share by richest 10% n/a
21.5%
2023
Income share by poorest 10% n/a
3.8%
2023
Government expenditure, % of GDP
20.6%
2024
42.8%
2024
Consumer prices inflation
0.41%
2023-2024
2.44%
2023-2024
Central bank interest rate
4%
2016
3.5%
2025
Unemployment rate
8.65%
2023
2.6%
2024
Population
405203
10649126

Spending and national debt comparison by year

Bahamas
Spending

Debt
Czech Republic
Spending

Debt
1x
Year % of GDP
Bahamas Czech Republic
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 42.8% 43.3%
2023 22.2% 74.8% 43.7% 42.2%
2022 23.9% 79.1% 43% 42.5%
2021 26.9% 84.5% 45% 40.7%
2020 28.2% 81.9% 46.3% 36.9%
2019 19.9% 59.3% 40.4% 29.6%
2018 19.2% 60.6% 40.1% 31.7%
2017 22.5% 53.4% 38.5% 33.8%
2016 19.4% 51% 39.4% 36.2%
2015 17.9% 48.5% 41.7% 39.5%
2014 17.6% 46.3% 42.3% 41.5%
2013 18.4% 44.8% 42.4% 44.1%
2012 16.5% 36.4% 44.4% 43.8%
2011 17.1% 35.3% 42.8% 39.4%
2010 15.3% 33.7% 43.2% 36.7%
2009 15.6% 30.9% 44.5% 33.4%
2008 14.4% 25.5% 40.9% 28.2%
2007 13.3% 23% 40.5% 27.3%
2006 13% 22.8% 41.5% 27.6%
2005 12.3% 22% 42.3% 27.7%
2004 12.4% 21.4% 42.2% 28.3%
2003 11.8% 20.9% 49% 28.1%
2002 11.3% 18.8% 44.4% 25.7%
2001 11.2% 18.2% 43.1% 22.6%
2000 11.3% 18.7% 40.6% 16.9%
1999 8.78% 18.7% 40.9% 15.1%
1998 11.6% 20% 41.6% 13.9%
1997 12.5% 20.8% 41.3% 12.1%
1996 11.2% 20.2% 41.4% 11.5%
1995 11.2% 20.5% 52.8% 13.5%
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/czech-republic | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while the Czech Republic spent $148B, or 42.8% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 43.3% in the Czech Republic, ranking 53/185 and 124/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Czech Republic
1x
Year Deficit/surplus, % of GDP
Bahamas Czech Republic
2024 -1.18% -1.99%
2023 -3.49% -3.73%
2022 -5.16% -3.07%
2021 -11.1% -4.95%
2020 -8.09% -5.65%
2019 -1.65% 0.28%
2018 -3.24% 0.88%
2017 -5.92% 1.46%
2016 -2.61% 0.68%
2015 -3.24% -0.67%
2014 -4.38% -2.09%
2013 -5.16% -1.3%
2012 -3.15% -3.92%
2011 -2.87% -2.71%
2010 -2.56% -4.14%
2009 -2.45% -5.46%
2008 -0.83% -2%
2007 -0.76% -0.68%
2006 -0.43% -2.19%
2005 -1.11% -3.06%
2004 -1.93% -2.4%
2003 -1.63% -6.87%
2002 -1.62% -6.34%
2001 0.3% -5.76%
2000 0.09% -3.55%
1999 1.68% -3.08%
1998 -0.41% -4.14%
1997 -1.56% -3.14%
1996 -0.15% -2.98%
1995 0.18% -12.3%
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/czech-republic | 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 the Czech Republic's deficit of $6.92B, or 1.99% of GDP.

Over the past 30 years, the Bahamas recorded a fiscal deficit in 26 of those years, while the Czech Republic ran a deficit in 26 years. On average, the Bahamas posted an annual deficit equal to 2.48% of GDP, compared to deficit of 3.16% of GDP for the Czech Republic.

Inflation comparison by year

Inflation
Bahamas

Czech Republic
1x
Year Consumer prices inflation
Bahamas Czech Republic
2024 0.41% 2.44%
2023 3.05% 10.7%
2022 5.61% 15.1%
2021 2.9% 3.84%
2020 0.04% 3.16%
2019 2.49% 2.85%
2018 2.27% 2.15%
2017 1.52% 2.45%
2016 -0.35% 0.68%
2015 1.86% 0.31%
2014 1.51% 0.34%
2013 0.72% 1.44%
2012 1.97% 3.29%
2011 3.2% 1.92%
2010 1.34% 1.47%
2009 2.06% 1.02%
2008 4.49% 6.36%
2007 2.49% 2.85%
2006 2.39% 2.53%
2005 1.59% 1.86%
2004 0.98% 2.76%
2003 3.03% 0.12%
2002 2.17% 1.9%
2001 2.04% 4.66%
2000 1.61% 3.78%
1999 1.25% 2.14%
1998 1.34% 10.7%
1997 0.54% 8.6%

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

GeoRank.org/economy/bahamas/czech-republic | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 3.62% in the Czech Republic. In 2024, inflation was 0.41% in the Bahamas and 2.44% in the Czech Republic.

Top exports between countries

Bahamas
Export category Export value
Czech Republic
Export category Export value
Machinery & equipment $667K
Textiles & consumer goods $598K
Wood & paper products $202K
Chemicals & pharma $60K
Metals $5K
Miscellaneous $3K

Balance of trade

Bahamas Czech Republic
Current account balance
-$1.05B
2024
$6.05B
2024
Current account balance ranking
127/190
2024
31/190
2024
Current account balance, % of GDP
-6.65%
2024
+1.74%
2024
Goods imports
$4.6B
2024
$179B
2024
Goods exports
$874M
2024
$197B
2024
Service imports
$2.47B
2024
$38B
2024
Service exports
$5.9B
2024
$42.5B
2024
Imports of goods and services, % of GDP
41.5%
2024
62.6%
2024
Exports of goods and services, % of GDP
37.8%
2024
68.9%
2024

Economic freedom indices

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

Bahamas Czech Republic
Economic freedom 65.1 73.2
Economic freedom ranking 66/197 25/197
Property rights 62.7 89.8
Government integrity 67.1 64.7
Judicial effectiveness 79.8 92.1
Tax burden 96.1 78.8
Government spending 83.8 44.2
Fiscal health 9.1 82.5
Business freedom 69.4 76.8
Labor freedom 66.5 55.1
Monetary freedom 77.2 75
Trade freedom 59.4 79.4
Investment freedom 50 70
Financial freedom 60 70

Economic freedom comparison by year

Bahamas
Czech Republic
1x
Year Economic freedom index
Bahamas Czech Republic
2026 65.1 73.2
2025 63.2 72.9
2024 62.5 70.2
2023 62.6 71.9
2022 68.7 74.4
2021 64.6 73.8
2020 64.5 74.8
2019 62.9 73.7
2018 63.3 74.2
2017 61.1 73.3
2016 70.9 73.2
2015 68.7 72.5
2014 69.8 72.2
2013 70.1 70.9
2012 68 69.9
2011 68 70.4
2010 67.3 69.8
2009 70.3 69.4
2008 71.1 68.1
2007 72 67.4
2006 72.3 66.4
2005 72.6 64.6
2004 72.1 67
2003 73.5 67.5
2002 74.4 66.5
2001 74.8 70.2
2000 73.9 68.6
1999 74.7 69.7
1998 74.5 68.4
1997 74.5 68.8
1996 74 68.1
1995 71.8 67.8

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

GeoRank.org/economy/bahamas/czech-republic | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 73.2 for the Czech Republic, ranking 25/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Czech Republic
Services, % of GDP
77.2%
2024
60.2%
2024
Industry, % of GDP
9.63%
2024
29.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
1.9%
2024
GNI, Atlas method
$14.9B
2024
$322B
2024
GNI per capita, PPP
$39,550
2024
$54,800
2024
Total reserves including gold
$2.51B
2023
$146B
2024
Total reserves ranking
122/177
2023
22/177
2024
Net foreign direct investment
-$77.6M
2024
-$1.87B
2024
Net inflows of foreign direct investment
$241M
2024
$13.1B
2024
Net outflows of foreign direct investment
$163M
2024
$11.2B
2024
Poverty at national poverty lines
9.3%
2020
10.2%
2021
Gross capital formation, % of GDP
26.8%
2024
26.3%
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/czech-republic | 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. TradeMap (2021–2024, retrieved 2026-02-08)
  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.

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.