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Economy of Bahamas vs France compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $3.16T for France, ranking 140/197 and 7/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $3.58T (113.1% of GDP) in France.

Bahamas vs France GDP by year

Bahamas
France
1x
Year GDP, current $
Bahamas France
2024 $15,832,800,000 $3,160,442,622,465
2023 $15,271,300,000 $3,056,250,648,138
2022 $13,896,800,000 $2,794,788,137,067
2021 $12,037,000,000 $2,966,433,692,008
2020 $10,363,200,000 $2,647,926,055,110
2019 $13,277,000,000 $2,722,793,515,172
2018 $12,819,200,000 $2,781,576,320,884
2017 $12,446,900,000 $2,588,868,323,335
2016 $11,880,900,000 $2,470,407,619,777
2015 $11,837,600,000 $2,442,483,452,643
2014 $11,139,100,000 $2,861,236,112,552
2013 $10,475,300,000 $2,816,077,607,875
2012 $10,720,400,000 $2,683,007,095,787
2011 $10,070,450,000 $2,870,408,553,990
2010 $10,095,760,000 $2,646,230,027,988
2009 $9,981,960,000 $2,700,075,882,519
2008 $10,526,000,000 $2,926,802,941,586
2007 $10,618,340,000 $2,655,816,911,867
2006 $10,167,250,000 $2,317,861,544,691
2005 $9,836,200,000 $2,192,146,403,028
2004 $9,055,290,000 $2,109,792,297,237
2003 $8,870,090,000 $1,835,095,983,049
2002 $8,881,160,000 $1,492,427,756,382
2001 $8,317,830,000 $1,370,376,677,299
2000 $8,076,470,000 $1,360,959,069,477
1999 $7,683,870,000 $1,486,915,879,702
1998 $6,833,220,000 $1,496,906,382,032
1997 $6,332,360,000 $1,449,392,222,971
1996 $3,609,000,000 $1,598,889,216,566
1995 $3,429,000,000 $1,595,219,345,512
1994 $3,259,000,000 $1,385,822,778,828
1993 $3,092,000,000 $1,314,383,368,080
1992 $3,109,000,000 $1,389,663,073,110
1991 $3,111,160,000 $1,258,961,748,634
1990 $3,166,000,000 $1,257,649,439,827
1989 $3,062,000,000 $1,016,742,237,302
1988 $2,817,900,000 $1,010,827,662,152
1987 $2,713,999,900 $926,320,855,615
1986 $2,472,500,000 $764,946,585,851
1985 $2,320,699,900 $547,220,981,165
1984 $2,041,100,000 $525,033,325,828
1983 $1,732,800,000 $553,356,312,936
1982 $1,578,300,000 $578,152,310,610
1981 $1,426,500,000 $609,184,791,792
1980 $1,335,300,000 $694,529,183,483
1979 $1,139,800,100 $608,218,624,730
1978 $832,400,000 $501,724,418,605
1977 $713,000,000 $406,401,711,688
1976 $642,100,000 $368,363,152,144
1975 $596,200,000 $357,324,307,786
1974 $632,400,000 $282,739,225,314
1973 $670,900,000 $261,970,536,240
1972 $590,900,000 $201,738,881,664
1971 $573,400,000 $164,694,210,962
1970 $539,500,000 $147,312,861,698
1969 $538,700,000 $140,660,914,841
1968 $453,800,000 $128,710,572,572
1967 $398,000,000 $118,088,635,381
1966 $346,800,000 $109,306,730,313
1965 $300,272,048 $100,927,668,584
1964 $266,560,043 $93,424,179,943
1963 $237,650,038 $84,227,606,650
1962 $212,170,034 $75,196,980,365
1961 $190,022,030 $67,158,050,215
1960 $169,736,027 $61,959,085,885

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

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

GDP per capita in Bahamas vs France by year

Bahamas
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $46,103 $62,557
2023 $38,232 $39,090 $44,700 $60,839
2022 $34,957 $36,791 $40,989 $57,043
2021 $30,368 $31,065 $43,725 $52,517
2020 $26,179 $27,205 $39,170 $49,482
2019 $33,640 $36,116 $40,408 $51,130
2018 $32,642 $35,228 $41,418 $46,381
2017 $31,875 $34,282 $38,687 $44,469
2016 $30,617 $32,285 $37,024 $42,880
2015 $30,719 $32,138 $36,702 $40,905
2014 $29,137 $31,726 $43,148 $40,218
2013 $27,643 $30,294 $42,669 $39,583
2012 $28,552 $31,036 $40,864 $37,671
2011 $27,091 $30,074 $43,930 $37,510
2010 $27,473 $29,625 $40,695 $35,908
2009 $27,513 $29,197 $41,728 $34,685
2008 $29,392 $30,679 $45,465 $35,053
2007 $30,052 $31,232 $41,486 $34,066
2006 $29,185 $30,402 $36,432 $32,424
2005 $28,602 $29,143 $34,696 $30,431
2004 $26,650 $27,660 $33,645 $28,921
2003 $26,429 $27,031 $29,480 $28,024
2002 $26,782 $27,171 $24,145 $28,350
2001 $25,372 $26,351 $22,332 $27,347
2000 $24,940 $25,422 $22,341 $26,007
1999 $24,041 $24,184 $24,576 $24,204
1998 $21,667 $22,556 $24,869 $23,263
1997 $20,368 $21,606 $24,169 $22,190
1996 $11,784 $21,287 $26,758 $21,268
1995 $11,375 $20,377 $26,792 $20,701
1994 $10,991 $19,441 $23,360 $19,892
1993 $10,613 $18,781 $22,239 $19,094
1992 $10,873 $18,636 $23,615 $18,801
1991 $11,082 $19,296 $21,501 $18,198
1990 $11,473 $19,817 $21,586 $17,475
1989 $11,291 - $17,547 -
1988 $10,576 - $17,550 -
1987 $10,361 - $16,176 -
1986 $9,601 - $13,430 -
1985 $9,167 - $9,657 -
1984 $8,202 - $9,312 -
1983 $7,081 - $9,862 -
1982 $6,559 - $10,360 -
1981 $6,029 - $10,956 -
1980 $5,743 - $12,565 -
1979 $4,994 - $11,063 -
1978 $3,720 - $9,167 -
1977 $3,253 - $7,459 -
1976 $2,993 - $6,792 -
1975 $2,841 - $6,617 -
1974 $3,080 - $5,261 -
1973 $3,341 - $4,907 -
1972 $3,014 - $3,809 -
1971 $3,004 - $3,137 -
1970 $2,916 - $2,833 -
1969 $3,027 - $2,729 -
1968 $2,668 - $2,518 -
1967 $2,453 - $2,328 -
1966 $2,239 - $2,173 -
1965 $2,030 - $2,024 -
1964 $1,883 - $1,891 -
1963 $1,759 - $1,723 -
1962 $1,651 - $1,554 -
1961 $1,555 - $1,402 -
1960 $1,459 - $1,307 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $46,103 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while France ranks 30th at $62,557.

Economic indicators

Bahamas France
Gross domestic product
$15.8B
2024
$3.16T
2024
GDP rank
140/197
2024
7/197
2024
GDP growth
3.38%
2023-2024
1.19%
2023-2024
GDP per capita
$39,455
2024
$46,103
2024
GDP per capita rank
30/197
2024
27/197
2024
GDP per capita, PPP
$41,198
2024
$62,557
2024
GDP per capita PPP rank
57/197
2024
30/197
2024
Government debt
$11.5B
2024
$3.58T
2024
Debt-to-GDP ratio
72.5%
2024
113.1%
2024
Government debt per person
$28,616
2024
$52,165
2024
Government debt per person rank
25/185
2024
8/185
2024
Average annual personal income after taxes
$29,535
2026
$35,669
2026
Market capitalization of domestic companies n/a
$2.37T
2018
Number of millionaires n/a
2,897,000
2025
Number of billionaires n/a
52
2025
Income share by richest 10% n/a
25%
2023
Income share by poorest 10% n/a
3%
2023
Government expenditure, % of GDP
20.6%
2024
57.2%
2024
Consumer prices inflation
0.41%
2023-2024
2%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
7.44%
2024
Population
405203
68788006

Spending and national debt comparison by year

Bahamas
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Bahamas France
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 57.2% 113.1%
2023 22.2% 74.8% 56.8% 109.6%
2022 23.9% 79.1% 58.4% 111.4%
2021 26.9% 84.5% 59.5% 112.8%
2020 28.2% 81.9% 61.7% 114.9%
2019 19.9% 59.3% 55.3% 98.1%
2018 19.2% 60.6% 56.4% 98.5%
2017 22.5% 53.4% 57.7% 98.7%
2016 19.4% 51% 57.4% 98.1%
2015 17.9% 48.5% 57.6% 96.9%
2014 17.6% 46.3% 58.4% 96.1%
2013 18.4% 44.8% 58.6% 94.5%
2012 16.5% 36.4% 57.9% 91.7%
2011 17.1% 35.3% 57% 88.7%
2010 15.3% 33.7% 57.7% 86.3%
2009 15.6% 30.9% 58% 84.1%
2008 14.4% 25.5% 54.3% 69.8%
2007 13.3% 23% 53.6% 65.5%
2006 13% 22.8% 53.7% 65.4%
2005 12.3% 22% 54.3% 68.2%
2004 12.4% 21.4% 54% 66.9%
2003 11.8% 20.9% 54.4% 65.4%
2002 11.3% 18.8% 53.9% 61.3%
2001 11.2% 18.2% 52.8% 59.3%
2000 11.3% 18.7% 52.6% 59.7%
1999 8.78% 18.7% 53.7% 61.4%
1998 11.6% 20% 54% 62.1%
1997 12.5% 20.8% 55.6% 62%
1996 11.2% 20.2% 56% 60.6%
1995 11.2% 20.5% 56% 57.8%
1994 11.4% 20.4% 55.9% 51.6%
1993 11.5% 19.8% 56.5% 48.2%
1992 11.8% 17.9% 54% 41.7%
1991 12% 15.4% 52.7% 37.8%
1990 11.4% 13.2% 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while France spent $1.81T, or 57.2% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 113.1% in France, ranking 53/185 and 14/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

France
1x
Year Deficit/surplus, % of GDP
Bahamas France
2024 -1.18% -5.77%
2023 -3.49% -5.44%
2022 -5.16% -4.74%
2021 -11.1% -6.58%
2020 -8.09% -8.93%
2019 -1.65% -2.39%
2018 -3.24% -2.32%
2017 -5.92% -3.36%
2016 -2.61% -3.76%
2015 -3.24% -3.89%
2014 -4.38% -4.57%
2013 -5.16% -4.94%
2012 -3.15% -5.17%
2011 -2.87% -5.3%
2010 -2.56% -7.16%
2009 -2.45% -7.38%
2008 -0.83% -3.5%
2007 -0.76% -2.99%
2006 -0.43% -2.66%
2005 -1.11% -3.5%
2004 -1.93% -3.55%
2003 -1.63% -4.09%
2002 -1.62% -3.18%
2001 0.3% -1.42%
2000 0.09% -1.32%
1999 1.68% -1.55%
1998 -0.41% -2.39%
1997 -1.56% -3.71%
1996 -0.15% -3.89%
1995 0.18% -5.11%
1994 -0.39% -5.46%
1993 -1.05% -6.4%
1992 -2.23% -4.64%
1991 -2.29% -2.89%
1990 -2.64% -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/france | 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 France's deficit of $182B, or 5.77% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while France ran a deficit in 35 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 4.18% of GDP for France.

Inflation comparison by year

Inflation
Bahamas

France
1x
Year Consumer prices inflation
Bahamas France
2024 0.41% 2%
2023 3.05% 4.88%
2022 5.61% 5.22%
2021 2.9% 1.64%
2020 0.04% 0.48%
2019 2.49% 1.11%
2018 2.27% 1.85%
2017 1.52% 1.03%
2016 -0.35% 0.18%
2015 1.86% 0.04%
2014 1.51% 0.51%
2013 0.72% 0.86%
2012 1.97% 1.95%
2011 3.2% 2.11%
2010 1.34% 1.53%
2009 2.06% 0.09%
2008 4.49% 2.81%
2007 2.49% 1.49%
2006 2.39% 1.68%
2005 1.59% 1.75%
2004 0.98% 2.14%
2003 3.03% 2.1%
2002 2.17% 1.92%
2001 2.04% 1.63%
2000 1.61% 1.68%
1999 1.25% 0.54%
1998 1.34% 0.65%
1997 0.54% 1.2%

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

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 1.61% in France. In 2024, inflation was 0.41% in the Bahamas and 2% in France.

Top exports between countries

Bahamas
Export category Export value
Animal & marine products $4.32M
Machinery & equipment $284K
Chemicals & pharma $63K
Textiles & consumer goods $31K
Raw agricultural goods $10K
Raw materials & minerals $1K
France
Export category Export value
Machinery & equipment $20.2M
Processed food, beverages & tobacco $10.2M
Textiles & consumer goods $2.95M
Animal & marine products $1.87M
Metals $1.25M
Chemicals & pharma $987K
Raw agricultural goods $736K
Wood & paper products $290K
Raw materials & minerals $112K
Precious metals & jewellery $73K

Balance of trade

Bahamas France
Current account balance
-$1.05B
2024
$2.69B
2024
Current account balance ranking
127/190
2024
42/190
2024
Current account balance, % of GDP
-6.65%
2024
+0.09%
2024
Goods imports
$4.6B
2024
$733B
2024
Goods exports
$874M
2024
$668B
2024
Service imports
$2.47B
2024
$341B
2024
Service exports
$5.9B
2024
$403B
2024
Imports of goods and services, % of GDP
41.5%
2024
34.2%
2024
Exports of goods and services, % of GDP
37.8%
2024
33.9%
2024

Economic freedom indices

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

Bahamas France
Economic freedom 65.1 64.6
Economic freedom ranking 66/197 72/197
Property rights 62.7 91.2
Government integrity 67.1 73.4
Judicial effectiveness 79.8 84.7
Tax burden 96.1 54.6
Government spending 83.8 0.9
Fiscal health 9.1 34.8
Business freedom 69.4 78.4
Labor freedom 66.5 59.1
Monetary freedom 77.2 73.2
Trade freedom 59.4 79.4
Investment freedom 50 75
Financial freedom 60 70

Economic freedom comparison by year

Bahamas
France
1x
Year Economic freedom index
Bahamas France
2026 65.1 64.6
2025 63.2 64.4
2024 62.5 62.5
2023 62.6 63.6
2022 68.7 65.9
2021 64.6 65.7
2020 64.5 66
2019 62.9 63.8
2018 63.3 63.9
2017 61.1 63.3
2016 70.9 62.3
2015 68.7 62.5
2014 69.8 63.5
2013 70.1 64.1
2012 68 63.2
2011 68 64.6
2010 67.3 64.2
2009 70.3 63.3
2008 71.1 64.7
2007 72 62.1
2006 72.3 61.1
2005 72.6 60.5
2004 72.1 60.9
2003 73.5 59.2
2002 74.4 58
2001 74.8 58
2000 73.9 57.4
1999 74.7 59.1
1998 74.5 58.9
1997 74.5 59.1
1996 74 63.7
1995 71.8 64.4

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas France
Services, % of GDP
77.2%
2024
70.9%
2024
Industry, % of GDP
9.63%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
1.3%
2024
GNI, Atlas method
$14.9B
2024
$3.1T
2024
GNI per capita, PPP
$39,550
2024
$63,880
2024
Total reserves including gold
$2.51B
2023
$283B
2024
Total reserves ranking
122/177
2023
13/177
2024
Net foreign direct investment
-$77.6M
2024
-$10.3B
2024
Net inflows of foreign direct investment
$241M
2024
$52.1B
2024
Net outflows of foreign direct investment
$163M
2024
$41.7B
2024
Poverty at national poverty lines
9.3%
2020
15.6%
2021
Gross capital formation, % of GDP
26.8%
2024
21.5%
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/france | 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)
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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.