The Bahamas vs the Dominican Republic: Economic Indicators Comparison
The Dominican Republic with a GDP of $85.6B ranked the 67th largest economy in the world, while the Bahamas ranked 137th with $12.4B. By GDP 5-years average growth and GDP per capita, the Dominican Republic and the Bahamas ranked 16th vs 160th and 85th vs 31st, respectively.
Gross Domestic Product & Income
| Stat |  Bahamas |  Dominican Republic |
|---|---|---|
| GDP | $12.4B | $85.6B |
| GDP growth, 1 year | 2.3% | 7% |
| GDP growth, 5-years average | 0.6% | 6.6% |
| Population | 395k | 10.4M |
| GDP per capita | $32k | $8.1k |
| GDP per capita growth | 0.54% | 5.83% |
| Purchasing Power Parity conversion factor | 1 | 22.46 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1 | 0.45 |
| GDP per capita, PPP adjusted | $33k | $18k |
| GNI, Atlas method | $11.8B | $82.5B |
| GNI per capita | $31k | $7.8k |
| GNI, PPP adjusted | $11.7B | $180.1B |
| GNI per capita, PPP adjusted | $30k | $17k |
Financial system and Human development
| Stat | Bahamas | Dominican Republic |
|---|---|---|
| Income Tax Rate | 0% | 25% |
| Corporate Tax Rate | 0% | 27% |
| Inflation, consumer prices | 2.2% | 3.6% |
| Inflation, GDP deflator | 0.7% | 4.1% |
| Unemployment | 11.9% | 5.8% |
| Economic Freedom Index | 64.5 | 60.9 |
| Personal Freedom Index | 8.32 | 6.97 |
| Human Freedom Index | 7.97 | 6.6 |
| Property Rights Index | 54.9 | 55.8 |
| Judical Effectiveness Index | 46.4 | 18.2 |
| Business Freedom Index | 69 | 50.3 |
| Fiscal Health Index | 69.2 | 82.4 |
| Labor Freedom Index | 70 | 57.5 |
| Investment Freedom Index | 50 | 70 |
| Financial Freedom Index | 60 | 40 |
| Trade Freedom Index | 47.8 | 76.6 |
| Monetary Freedom Index | 76.3 | 73.5 |
| Government Spending Index | 87.4 | 90.5 |
| Tax Burden Index | 96.8 | 84.5 |
| Government Integrity Index | 46 | 31.2 |
| Corruption Perceptions Index | 65 | 30 |
| Life expectancy at birth, years | 73.6 | 73.7 |
| Suicide mortality rate, per 100,000 people | 1.7 | 9.9 |
| Mortality caused by road traffic injury, per 100,000 people | 13.8 | 34.6 |
| Intentional homicides, per 100,000 people | 30.9 | 11.3 |
| International tourism, number of arrivals | 1.6M | 6.6M |
Government debt & reserves
| Stat | Bahamas | Dominican Republic |
|---|---|---|
| Central government debt, % of GDP | 61% | 41.6% |
| External debt stocks, % of GNI | N/A | 43.8% |
| External debt stocks | N/A | $33.9B |
| Short-term debt, % of total reserves | N/A | 27.4% |
| Total debt service, % of exports and primary income | N/A | 15.1% |
| Adjusted net savings including particulate emission damage, % of GNI | 7.1% | 17.3% |
| Gross savings, % of GDP | 12.7% | 23.5% |
| Gross capital formation, % of GDP | 24.5% | 25.8% |
| Total reserves including gold | $1.4B | $7.7B |
| Foreign direct investment net inflows | $491.4M | $2.7B |
Exports, imports and economic structure
| Stat | Bahamas | Dominican Republic |
|---|---|---|
| Exports of goods and services, % of GDP | 36.1% | 23.6% |
| Imports of goods and services, % of GDP | 41.3% | 28.5% |
| Current account balance (balance of payments) | -$1.5B | -$1.2B |
| Revenue excluding grants, % of GDP | 16.4% | 15.2% |
| Grants excluding technical cooperation, BoP | $1.7M | $105M |
| Personal remittances received | N/A | $6.8B |
| Industry including construction value added, % of GDP | 13% | 28.8% |
| Agriculture, forestry and fishing value added, % of GDP | 0.9% | 5.1% |
| Charges for the use of intellectual property, payments BoP | $10.3M | $157.7M |
| Charges for the use of intellectual property, receipts BoP | N/A | N/A |
| Expense, % of GDP | 17.9% | 15.7% |
| Government Expenditure, % of GDP | 20.5% | 17.8% |
