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Economy of Bahamas vs Ethiopia compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $150B for Ethiopia, ranking 140/197 and 60/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $48.9B (32.7% of GDP) in Ethiopia.

Bahamas vs Ethiopia GDP by year

Bahamas
Ethiopia
1x
Year GDP, current $
Bahamas Ethiopia
2024 $15,832,800,000 $149,740,297,953
2023 $15,271,300,000 $135,874,093,202
2022 $13,896,800,000 $123,140,304,666
2021 $12,037,000,000 $109,070,960,372
2020 $10,363,200,000 $98,676,811,061
2019 $13,277,000,000 $91,834,517,113
2018 $12,819,200,000 $83,337,901,072
2017 $12,446,900,000 $76,366,081,767
2016 $11,880,900,000 $68,475,871,210
2015 $11,837,600,000 $62,103,418,182
2014 $11,139,100,000 $55,612,228,234
2013 $10,475,300,000 $47,648,276,605
2012 $10,720,400,000 $43,310,721,414
2011 $10,070,450,000 $31,952,763,089
2010 $10,095,760,000 $29,933,790,334
2009 $9,981,960,000 $32,437,389,116
2008 $10,526,000,000 $27,066,912,635
2007 $10,618,340,000 $19,707,616,773
2006 $10,167,250,000 $15,280,861,835
2005 $9,836,200,000 $12,401,139,454
2004 $9,055,290,000 $10,131,187,261
2003 $8,870,090,000 $8,623,691,300
2002 $8,881,160,000 $7,850,809,498
2001 $8,317,830,000 $8,231,326,016
2000 $8,076,470,000 $8,242,349,618
1999 $7,683,870,000 $7,892,973,532
1998 $6,833,220,000 $8,013,274,132
1997 $6,332,360,000 $8,803,539,988
1996 $3,609,000,000 $8,761,215,548
1995 $3,429,000,000 $7,855,205,207
1994 $3,259,000,000 $7,100,806,754
1993 $3,092,000,000 $9,051,043,870
1992 $3,109,000,000 $10,754,799,037
1991 $3,111,160,000 $13,799,799,324
1990 $3,166,000,000 $12,478,943,895
1989 $3,062,000,000 $11,762,932,007
1988 $2,817,900,000 $11,181,119,718
1987 $2,713,999,900 $10,790,001,558
1986 $2,472,500,000 $10,094,328,898
1985 $2,320,699,900 $9,717,392,687
1984 $2,041,100,000 $8,298,309,581
1983 $1,732,800,000 $8,781,664,427
1982 $1,578,300,000 $7,899,988,841
1981 $1,426,500,000 $7,507,663,567
1980 $1,335,300,000 $7,012,585,454
1979 $1,139,800,100 $6,586,048,398
1978 $832,400,000 $6,014,961,435
1977 $713,000,000 $5,651,840,585
1976 $642,100,000 $4,943,806,093
1975 $596,200,000 $4,577,047,854
1974 $632,400,000 $4,577,209,966
1973 $670,900,000 $4,070,570,550
1972 $590,900,000 $3,520,252,938
1971 $573,400,000 $3,224,280,835
1970 $539,500,000 $3,045,354,455
1969 $538,700,000 $2,768,987,372
1968 $453,800,000 $2,619,948,865
1967 $398,000,000 $2,461,762,003
1966 $346,800,000 $2,324,466,416
1965 $300,272,048 $2,159,998,591
1964 $266,560,043 $1,984,129,186
1963 $237,650,038 $1,825,058,828
1962 $212,170,034 $1,747,566,307
1961 $190,022,030 $1,680,859,514
1960 $169,736,027 $1,610,511,694

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

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

GDP per capita in Bahamas vs Ethiopia by year

Bahamas
GDP per capita

GDP per capita, PPP
Ethiopia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Ethiopia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $1,134 $3,288
2023 $38,232 $39,090 $1,056 $3,061
2022 $34,957 $36,791 $982 $2,845
2021 $30,368 $31,065 $893 $2,588
2020 $26,179 $27,205 $830 $2,407
2019 $33,640 $36,116 $793 $2,242
2018 $32,642 $35,228 $740 $2,095
2017 $31,875 $34,282 $696 $2,005
2016 $30,617 $32,285 $642 $1,858
2015 $30,719 $32,138 $598 $1,633
2014 $29,137 $31,726 $550 $1,485
2013 $27,643 $30,294 $484 $1,253
2012 $28,552 $31,036 $452 $1,179
2011 $27,091 $30,074 $343 $1,098
2010 $27,473 $29,625 $331 $996
2009 $27,513 $29,197 $369 $899
2008 $29,392 $30,679 $316 $845
2007 $30,052 $31,232 $237.1 $770
2006 $29,185 $30,402 $189.3 $693
2005 $28,602 $29,143 $158.2 $625
2004 $26,650 $27,660 $133.2 $558
2003 $26,429 $27,031 $116.8 $493
2002 $26,782 $27,171 $109.6 $509
2001 $25,372 $26,351 $118.5 $509
2000 $24,940 $25,422 $122.3 $474
1999 $24,041 $24,184 $120.7 $450
1998 $21,667 $22,556 $126.5 $436
1997 $20,368 $21,606 $143.4 $461
1996 $11,784 $21,287 $147.3 $453
1995 $11,375 $20,377 $136.5 $409
1994 $10,991 $19,441 $127.7 $391
1993 $10,613 $18,781 $168.5 $384
1992 $10,873 $18,636 $207.4 $343
1991 $11,082 $19,296 $277.6 $383
1990 $11,473 $19,817 $262.1 $417
1989 $11,291 - $256.4 -
1988 $10,576 - $253.2 -
1987 $10,361 - $254.1 -
1986 $9,601 - $246 -
1985 $9,167 - $243.9 -
1984 $8,202 - $214.2 -
1983 $7,081 - $232.7 -
1982 $6,559 - $215.3 -
1981 $6,029 - $212.7 -
1980 $5,743 - $203.7 -
1979 $4,994 - $192.4 -
1978 $3,720 - $178.3 -
1977 $3,253 - $170.4 -
1976 $2,993 - $152 -
1975 $2,841 - $144.3 -
1974 $3,080 - $147.9 -
1973 $3,341 - $134.9 -
1972 $3,014 - $119.8 -
1971 $3,004 - $112.7 -
1970 $2,916 - $109.4 -
1969 $3,027 - $102.3 -
1968 $2,668 - $99.5 -
1967 $2,453 - $96.1 -
1966 $2,239 - $93.2 -
1965 $2,030 - $88.9 -
1964 $1,883 - $83.8 -
1963 $1,759 - $79.2 -
1962 $1,651 - $77.8 -
1961 $1,555 - $76.7 -
1960 $1,459 - $75.3 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $1,134 in Ethiopia, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Ethiopia ranks 175th at $3,288.

Economic indicators

Bahamas Ethiopia
Gross domestic product
$15.8B
2024
$150B
2024
GDP rank
140/197
2024
60/197
2024
GDP growth
3.38%
2023-2024
7.61%
2023-2024
GDP per capita
$39,455
2024
$1,134
2024
GDP per capita rank
30/197
2024
171/197
2024
GDP per capita, PPP
$41,198
2024
$3,288
2024
GDP per capita PPP rank
57/197
2024
175/197
2024
Government debt
$11.5B
2024
$48.9B
2024
Debt-to-GDP ratio
72.5%
2024
32.7%
2024
Government debt per person
$28,616
2024
$370
2024
Government debt per person rank
25/185
2024
172/185
2024
Average annual personal income after taxes
$29,535
2026
$1,946
2026
Income share by richest 10% n/a
24.8%
2021
Income share by poorest 10% n/a
3.5%
2021
Government expenditure, % of GDP
20.6%
2024
9.54%
2024
Consumer prices inflation
0.41%
2023-2024
21%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
3.94%
2021
Population
405203
139917664

Spending and national debt comparison by year

Bahamas
Spending

Debt
Ethiopia
Spending

Debt
1x
Year % of GDP
Bahamas Ethiopia
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 9.54% 32.7%
2023 22.2% 74.8% 10.8% 38.7%
2022 23.9% 79.1% 12.7% 46.9%
2021 26.9% 84.5% 13.8% 53.8%
2020 28.2% 81.9% 14.5% 53.7%
2019 19.9% 59.3% 15.4% 54.7%
2018 19.2% 60.6% 16.1% 58.4%
2017 22.5% 53.4% 18% 55.3%
2016 19.4% 51% 17.9% 51.8%
2015 17.9% 48.5% 17.3% 50.7%
2014 17.6% 46.3% 17.5% 44.2%
2013 18.4% 44.8% 17.8% 44.1%
2012 16.5% 36.4% 16.6% 39.4%
2011 17.1% 35.3% 18.2% 44.6%
2010 15.3% 33.7% 18.5% 39.4%
2009 15.6% 30.9% 17.1% 30%
2008 14.4% 25.5% 18.8% 56.1%
2007 13.3% 23% 20.5% 55.7%
2006 13% 22.8% 22.1% 79.6%
2005 12.3% 22% 22.9% 78.2%
2004 12.4% 21.4% 23.1% 103.1%
2003 11.8% 20.9% 27% 103.7%
2002 11.3% 18.8% 24.9% 107.4%
2001 11.2% 18.2% 22.4% 97.3%
2000 11.3% 18.7% 25.6% 93.6%
1999 8.78% 18.7% 25.8% 94.3%
1998 11.6% 20% 20.4% 86%
1997 12.5% 20.8% 17.3% 77.4%
1996 11.2% 20.2% 18.2% 129%
1995 11.2% 20.5% 16.9% 142.3%
1994 11.4% 20.4% 17.1% 150.7%
1993 11.5% 19.8% 13.4% 136.9%
1992 11.8% 17.9% 13.8% 85.4%
1991 12% 15.4% 16.8% 89.3%
1990 11.4% 13.2% 20.3% 91.6%
1989 - - 24% 84.7%
1988 - - 21.6% 84.3%
1987 - - 18.4% 82.3%
1986 - - 19.8% 75.7%
1985 - - 19.7% 67.7%
1984 - - 18.8% 65.4%
1983 - - 21.3% 55.2%
1982 - - 16.4% 48.8%
1981 - - 14.2% 30.6%
1980 - - 13.5% 18.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Ethiopia spent $14.3B, or 9.54% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 32.7% in Ethiopia, ranking 53/185 and 150/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Ethiopia
1x
Year Deficit/surplus, % of GDP
Bahamas Ethiopia
2024 -1.18% -1.99%
2023 -3.49% -2.6%
2022 -5.16% -4.16%
2021 -11.1% -2.77%
2020 -8.09% -2.76%
2019 -1.65% -2.53%
2018 -3.24% -3.03%
2017 -5.92% -3.24%
2016 -2.61% -2.3%
2015 -3.24% -1.95%
2014 -4.38% -2.58%
2013 -5.16% -1.93%
2012 -3.15% -1.17%
2011 -2.87% -1.61%
2010 -2.56% -1.32%
2009 -2.45% -0.93%
2008 -0.83% -2.88%
2007 -0.76% -3.57%
2006 -0.43% -3.79%
2005 -1.11% -4.12%
2004 -1.93% -2.65%
2003 -1.63% -5.59%
2002 -1.62% -5.76%
2001 0.3% -3.76%
2000 0.09% -8.88%
1999 1.68% -8.23%
1998 -0.41% -3.51%
1997 -1.56% -1.7%
1996 -0.15% -3.81%
1995 0.18% -2.68%
1994 -0.39% -5.23%
1993 -1.05% -4%
1992 -2.23% -4.78%
1991 -2.29% -5.83%
1990 -2.64% -6.66%
1989 - -4.33%
1988 - -3.48%
1987 - -3.54%
1986 - -3.98%
1985 - -4.71%
1984 - -3.69%
1983 - -7.59%
1982 - -3.6%
1981 - -2.19%
1980 - -2.56%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/ethiopia | 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 Ethiopia's deficit of $2.98B, or 1.99% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Ethiopia ran a deficit in 35 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 3.55% of GDP for Ethiopia.

Inflation comparison by year

Inflation
Bahamas

Ethiopia
1x
Year Consumer prices inflation
Bahamas Ethiopia
2024 0.41% 21%
2023 3.05% 30.2%
2022 5.61% 33.9%
2021 2.9% 26.8%
2020 0.04% 20.4%
2019 2.49% 15.8%
2018 2.27% 13.8%
2017 1.52% 10.7%
2016 -0.35% 6.63%
2015 1.86% 9.57%
2014 1.51% 6.89%
2013 0.72% 7.46%
2012 1.97% 23.6%
2011 3.2% 33.2%
2010 1.34% 8.15%
2009 2.06% 8.48%
2008 4.49% 44.4%
2007 2.49% 17.2%
2006 2.39% 12.3%
2005 1.59% 9.97%
2004 0.98% 3.33%
2003 3.03% 13.7%
2002 2.17% 0.68%
2001 2.04% -8.24%
2000 1.61% 0.66%
1999 1.25% 7.94%
1998 1.34% 0.89%
1997 0.54% 2.4%

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

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 13.6% in Ethiopia. In 2024, inflation was 0.41% in the Bahamas and 21% in Ethiopia.

Top exports between countries

Bahamas
Export category Export value
Ethiopia
Export category Export value
Textiles & consumer goods $7K
Wood & paper products $4K
Metals $3K

Balance of trade

Bahamas Ethiopia
Current account balance
-$1.05B
2024
-$3.79B
2024
Current account balance ranking
127/190
2024
160/190
2024
Current account balance, % of GDP
-6.65%
2024
-2.53%
2024
Goods imports
$4.6B
2024
$19.6B
2024
Goods exports
$874M
2024
$5.58B
2024
Service imports
$2.47B
2024
$5.51B
2024
Service exports
$5.9B
2024
$7.61B
2024
Imports of goods and services, % of GDP
41.5%
2024
11.9%
2024
Exports of goods and services, % of GDP
37.8%
2024
5.54%
2024

Economic freedom indices

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

Bahamas Ethiopia
Economic freedom 65.1 48.1
Economic freedom ranking 66/197 171/197
Property rights 62.7 22.1
Government integrity 67.1 33.2
Judicial effectiveness 79.8 19.1
Tax burden 96.1 78.6
Government spending 83.8 96.4
Fiscal health 9.1 84.3
Business freedom 69.4 44.5
Labor freedom 66.5 37.8
Monetary freedom 77.2 53.7
Trade freedom 59.4 57.4
Investment freedom 50 30
Financial freedom 60 20

Economic freedom comparison by year

Bahamas
Ethiopia
1x
Year Economic freedom index
Bahamas Ethiopia
2026 65.1 48.1
2025 63.2 48.1
2024 62.5 47.9
2023 62.6 48.3
2022 68.7 49.6
2021 64.6 51.7
2020 64.5 53.6
2019 62.9 53.6
2018 63.3 52.8
2017 61.1 52.7
2016 70.9 51.5
2015 68.7 51.5
2014 69.8 50
2013 70.1 49.4
2012 68 52
2011 68 50.5
2010 67.3 51.2
2009 70.3 53
2008 71.1 52.5
2007 72 53.6
2006 72.3 50.9
2005 72.6 51.1
2004 72.1 54.5
2003 73.5 48.8
2002 74.4 49.8
2001 74.8 48.9
2000 73.9 50.2
1999 74.7 46.7
1998 74.5 49.2
1997 74.5 48.1
1996 74 45.9
1995 71.8 42.6

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 48.1 for Ethiopia, ranking 171/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Ethiopia
Services, % of GDP
77.2%
2024
37.5%
2024
Industry, % of GDP
9.63%
2024
25.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
34.8%
2024
GNI, Atlas method
$14.9B
2024
$146B
2024
GNI per capita, PPP
$39,550
2024
$3,280
2024
Total reserves including gold
$2.51B
2023
$3.78B
2024
Total reserves ranking
122/177
2023
109/177
2024
Net foreign direct investment
-$77.6M
2024
-$4.02B
2024
Net inflows of foreign direct investment
$241M
2024
$4.02B
2024
Net outflows of foreign direct investment
$163M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.91%
2024
Poverty at national poverty lines
9.3%
2020
33.1%
2021
Gross capital formation, % of GDP
26.8%
2024
20.6%
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/ethiopia | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.