Skip to content

Economy of Bahamas vs Guatemala compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $113B for Guatemala, ranking 140/197 and 68/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $29.8B (26.3% of GDP) in Guatemala.

Bahamas vs Guatemala GDP by year

Bahamas
Guatemala
1x
Year GDP, current $
Bahamas Guatemala
2024 $15,832,800,000 $113,199,581,158
2023 $15,271,300,000 $104,368,755,055
2022 $13,896,800,000 $95,641,446,501
2021 $12,037,000,000 $86,455,522,273
2020 $10,363,200,000 $77,719,468,248
2019 $13,277,000,000 $77,172,331,693
2018 $12,819,200,000 $73,328,356,008
2017 $12,446,900,000 $71,653,780,740
2016 $11,880,900,000 $66,053,408,206
2015 $11,837,600,000 $62,186,066,548
2014 $11,139,100,000 $57,852,159,008
2013 $10,475,300,000 $52,996,420,177
2012 $10,720,400,000 $49,593,929,487
2011 $10,070,450,000 $46,876,006,272
2010 $10,095,760,000 $40,676,578,423
2009 $9,981,960,000 $37,126,148,265
2008 $10,526,000,000 $38,503,720,224
2007 $10,618,340,000 $33,567,850,824
2006 $10,167,250,000 $29,744,246,827
2005 $9,836,200,000 $26,783,389,294
2004 $9,055,290,000 $23,577,298,095
2003 $8,870,090,000 $21,576,351,799
2002 $8,881,160,000 $20,444,205,991
2001 $8,317,830,000 $18,405,220,247
2000 $8,076,470,000 $19,288,929,030
1999 $7,683,870,000 $18,318,412,251
1998 $6,833,220,000 $19,395,491,993
1997 $6,332,360,000 $17,790,026,222
1996 $3,609,000,000 $15,674,835,615
1995 $3,429,000,000 $14,655,404,433
1994 $3,259,000,000 $12,983,233,311
1993 $3,092,000,000 $11,400,017,301
1992 $3,109,000,000 $10,440,781,588
1991 $3,111,160,000 $9,406,135,143
1990 $3,166,000,000 $7,650,196,845
1989 $3,062,000,000 $8,410,724,361
1988 $2,817,900,000 $7,841,602,824
1987 $2,713,999,900 $7,084,399,840
1986 $2,472,500,000 $7,231,963,516
1985 $2,320,699,900 $9,721,652,087
1984 $2,041,100,000 $9,470,000,100
1983 $1,732,800,000 $9,050,000,400
1982 $1,578,300,000 $8,716,999,700
1981 $1,426,500,000 $8,607,500,300
1980 $1,335,300,000 $7,878,700,000
1979 $1,139,800,100 $6,902,600,200
1978 $832,400,000 $6,070,600,200
1977 $713,000,000 $5,480,500,200
1976 $642,100,000 $4,365,300,200
1975 $596,200,000 $3,645,900,000
1974 $632,400,000 $3,161,499,900
1973 $670,900,000 $2,569,200,100
1972 $590,900,000 $2,101,300,000
1971 $573,400,000 $1,984,800,000
1970 $539,500,000 $1,904,000,000
1969 $538,700,000 $1,715,399,900
1968 $453,800,000 $1,610,500,000
1967 $398,000,000 $1,453,500,000
1966 $346,800,000 $1,390,700,000
1965 $300,272,048 $1,331,399,900
1964 $266,560,043 $1,299,099,900
1963 $237,650,038 $1,262,800,000
1962 $212,170,034 $1,143,600,000
1961 $190,022,030 $1,076,699,900
1960 $169,736,027 $1,043,599,900

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

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

GDP per capita in Bahamas vs Guatemala by year

Bahamas
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $6,150 $14,369
2023 $38,232 $39,090 $5,758 $13,745
2022 $34,957 $36,791 $5,359 $13,014
2021 $30,368 $31,065 $4,913 $11,825
2020 $26,179 $27,205 $4,478 $10,947
2019 $33,640 $36,116 $4,512 $10,756
2018 $32,642 $35,228 $4,353 $9,947
2017 $31,875 $34,282 $4,325 $9,560
2016 $30,617 $32,285 $4,060 $9,201
2015 $30,719 $32,138 $3,894 $8,934
2014 $29,137 $31,726 $3,689 $8,237
2013 $27,643 $30,294 $3,444 $7,700
2012 $28,552 $31,036 $3,287 $7,258
2011 $27,091 $30,074 $3,169 $6,784
2010 $27,473 $29,625 $2,805 $6,510
2009 $27,513 $29,197 $2,612 $6,377
2008 $29,392 $30,679 $2,763 $6,435
2007 $30,052 $31,232 $2,459 $6,238
2006 $29,185 $30,402 $2,225 $5,833
2005 $28,602 $29,143 $2,046 $5,486
2004 $26,650 $27,660 $1,841 $5,263
2003 $26,429 $27,031 $1,723 $5,081
2002 $26,782 $27,171 $1,669 $4,969
2001 $25,372 $26,351 $1,538 $4,822
2000 $24,940 $25,422 $1,649 $4,715
1999 $24,041 $24,184 $1,604 $4,557
1998 $21,667 $22,556 $1,741 $4,437
1997 $20,368 $21,606 $1,638 $4,287
1996 $11,784 $21,287 $1,481 $4,143
1995 $11,375 $20,377 $1,421 $4,055
1994 $10,991 $19,441 $1,293 $3,886
1993 $10,613 $18,781 $1,166 $3,756
1992 $10,873 $18,636 $1,096 $3,626
1991 $11,082 $19,296 $1,014 $3,473
1990 $11,473 $19,817 $848 $3,330
1989 $11,291 - $958 -
1988 $10,576 - $919 -
1987 $10,361 - $854 -
1986 $9,601 - $896 -
1985 $9,167 - $1,238 -
1984 $8,202 - $1,241 -
1983 $7,081 - $1,220 -
1982 $6,559 - $1,204 -
1981 $6,029 - $1,216 -
1980 $5,743 - $1,142 -
1979 $4,994 - $1,026 -
1978 $3,720 - $925 -
1977 $3,253 - $856 -
1976 $2,993 - $697 -
1975 $2,841 - $595 -
1974 $3,080 - $529 -
1973 $3,341 - $441 -
1972 $3,014 - $370 -
1971 $3,004 - $358 -
1970 $2,916 - $353 -
1969 $3,027 - $326 -
1968 $2,668 - $315 -
1967 $2,453 - $291.9 -
1966 $2,239 - $287.3 -
1965 $2,030 - $283 -
1964 $1,883 - $284.2 -
1963 $1,759 - $284.4 -
1962 $1,651 - $265.2 -
1961 $1,555 - $257.2 -
1960 $1,459 - $256.8 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $6,150 in Guatemala, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Guatemala ranks 116th at $14,369.

Economic indicators

Bahamas Guatemala
Gross domestic product
$15.8B
2024
$113B
2024
GDP rank
140/197
2024
68/197
2024
GDP growth
3.38%
2023-2024
3.65%
2023-2024
GDP per capita
$39,455
2024
$6,150
2024
GDP per capita rank
30/197
2024
112/197
2024
GDP per capita, PPP
$41,198
2024
$14,369
2024
GDP per capita PPP rank
57/197
2024
116/197
2024
Government debt
$11.5B
2024
$29.8B
2024
Debt-to-GDP ratio
72.5%
2024
26.3%
2024
Government debt per person
$28,616
2024
$1,619
2024
Government debt per person rank
25/185
2024
124/185
2024
Average annual personal income after taxes
$29,535
2026
$4,917
2026
Income share by richest 10% n/a
34.1%
2023
Income share by poorest 10% n/a
1.6%
2023
Government expenditure, % of GDP
20.6%
2024
13.4%
2024
Consumer prices inflation
0.41%
2023-2024
2.87%
2023-2024
Central bank interest rate
4%
2016
4%
2025
Unemployment rate
8.65%
2023
1.9%
2024
Population
405203
19049936

Spending and national debt comparison by year

Bahamas
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Bahamas Guatemala
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 13.4% 26.3%
2023 22.2% 74.8% 13.7% 27.2%
2022 23.9% 79.1% 14.3% 29%
2021 26.9% 84.5% 13.5% 30.6%
2020 28.2% 81.9% 15.6% 31.5%
2019 19.9% 59.3% 13.4% 26.4%
2018 19.2% 60.6% 13.2% 26.4%
2017 22.5% 53.4% 12.8% 25.1%
2016 19.4% 51% 12.6% 24.9%
2015 17.9% 48.5% 12.6% 24.8%
2014 17.6% 46.3% 13.6% 24.7%
2013 18.4% 44.8% 14% 25%
2012 16.5% 36.4% 14.2% 24.6%
2011 17.1% 35.3% 14.5% 23.8%
2010 15.3% 33.7% 14.5% 24%
2009 15.6% 30.9% 14.1% 22.8%
2008 14.4% 25.5% 13.3% 19.6%
2007 13.3% 23% 13.9% 20.8%
2006 13% 22.8% 14.2% 20.9%
2005 12.3% 22% 13.2% 20%
2004 12.4% 21.4% 12.9% 20.6%
2003 11.8% 20.9% 14.4% 19.8%
2002 11.3% 18.8% 13.1% 17.4%
2001 11.2% 18.2% 13.8% 19.1%
2000 11.3% 18.7% 13.6% 18%
1999 8.78% 18.7% 14.6% 22%
1998 11.6% 20% 13.2% 19%
1997 12.5% 20.8% 11.2% 18.5%
1996 11.2% 20.2% 9.85% 19.2%
1995 11.2% 20.5% 9.77% 21%
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); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Guatemala spent $15.1B, or 13.4% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 26.3% in Guatemala, ranking 53/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Guatemala
1x
Year Deficit/surplus, % of GDP
Bahamas Guatemala
2024 -1.18% -0.96%
2023 -3.49% -1.25%
2022 -5.16% -1.7%
2021 -11.1% -1.16%
2020 -8.09% -4.91%
2019 -1.65% -2.24%
2018 -3.24% -1.88%
2017 -5.92% -1.38%
2016 -2.61% -1.11%
2015 -3.24% -1.47%
2014 -4.38% -1.92%
2013 -5.16% -2.16%
2012 -3.15% -2.42%
2011 -2.87% -2.8%
2010 -2.56% -3.28%
2009 -2.45% -3.12%
2008 -0.83% -1.57%
2007 -0.76% -1.4%
2006 -0.43% -1.88%
2005 -1.11% -1.67%
2004 -1.93% -1.05%
2003 -1.63% -2.47%
2002 -1.62% -1.03%
2001 0.3% -2%
2000 0.09% -1.88%
1999 1.68% -2.96%
1998 -0.41% -2.29%
1997 -1.56% -0.79%
1996 -0.15% 0.04%
1995 0.18% -0.53%
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/guatemala | 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 Guatemala's deficit of $1.09B, or 0.96% of GDP.

Over the past 30 years, the Bahamas recorded a fiscal deficit in 26 of those years, while Guatemala ran a deficit in 29 years. On average, the Bahamas posted an annual deficit equal to 2.48% of GDP, compared to deficit of 1.84% of GDP for Guatemala.

Inflation comparison by year

Inflation
Bahamas

Guatemala
1x
Year Consumer prices inflation
Bahamas Guatemala
2024 0.41% 2.87%
2023 3.05% 6.21%
2022 5.61% 6.89%
2021 2.9% 4.26%
2020 0.04% 3.21%
2019 2.49% 3.7%
2018 2.27% 3.75%
2017 1.52% 4.42%
2016 -0.35% 4.45%
2015 1.86% 2.39%
2014 1.51% 3.42%
2013 0.72% 4.34%
2012 1.97% 3.78%
2011 3.2% 6.21%
2010 1.34% 3.86%
2009 2.06% 1.86%
2008 4.49% 11.4%
2007 2.49% 6.82%
2006 2.39% 6.56%
2005 1.59% 9.11%
2004 0.98% 7.58%
2003 3.03% 5.6%
2002 2.17% 8.13%
2001 2.04% 7.29%
2000 1.61% 5.98%
1999 1.25% 5.21%
1998 1.34% 6.61%
1997 0.54% 9.23%

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

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 5.54% in Guatemala. In 2024, inflation was 0.41% in the Bahamas and 2.87% in Guatemala.

Top exports between countries

Bahamas
Export category Export value
Metals $3K
Guatemala
Export category Export value
Wood & paper products $1.8M
Processed food, beverages & tobacco $1.37M
Textiles & consumer goods $1.04M
Machinery & equipment $200K
Chemicals & pharma $113K
Metals $107K
Raw materials & minerals $29K
Miscellaneous $2K

Balance of trade

Bahamas Guatemala
Current account balance
-$1.05B
2024
$3.27B
2024
Current account balance ranking
127/190
2024
38/190
2024
Current account balance, % of GDP
-6.65%
2024
+2.89%
2024
Goods imports
$4.6B
2024
$29.1B
2024
Goods exports
$874M
2024
$13.3B
2024
Service imports
$2.47B
2024
$6.45B
2024
Service exports
$5.9B
2024
$4.65B
2024
Imports of goods and services, % of GDP
41.5%
2024
31.5%
2024
Exports of goods and services, % of GDP
37.8%
2024
15.9%
2024

Economic freedom indices

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

Bahamas Guatemala
Economic freedom 65.1 63.5
Economic freedom ranking 66/197 79/197
Property rights 62.7 39.1
Government integrity 67.1 25.2
Judicial effectiveness 79.8 26.1
Tax burden 96.1 91.3
Government spending 83.8 94.3
Fiscal health 9.1 95.9
Business freedom 69.4 65.7
Labor freedom 66.5 52.5
Monetary freedom 77.2 77.3
Trade freedom 59.4 74.6
Investment freedom 50 70
Financial freedom 60 50

Economic freedom comparison by year

Bahamas
Guatemala
1x
Year Economic freedom index
Bahamas Guatemala
2026 65.1 63.5
2025 63.2 63.4
2024 62.5 62.4
2023 62.6 62.7
2022 68.7 63.2
2021 64.6 64
2020 64.5 64
2019 62.9 62.6
2018 63.3 63.4
2017 61.1 63
2016 70.9 61.8
2015 68.7 60.4
2014 69.8 61.2
2013 70.1 60
2012 68 60.9
2011 68 61.9
2010 67.3 61
2009 70.3 59.4
2008 71.1 59.8
2007 72 60.5
2006 72.3 59.1
2005 72.6 59.5
2004 72.1 59.6
2003 73.5 62.3
2002 74.4 62.3
2001 74.8 65.1
2000 73.9 64.3
1999 74.7 66.2
1998 74.5 65.8
1997 74.5 65.7
1996 74 63.7
1995 71.8 62

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 63.5 for Guatemala, ranking 79/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Guatemala
Services, % of GDP
77.2%
2024
61.8%
2024
Industry, % of GDP
9.63%
2024
21.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
9.78%
2024
GNI, Atlas method
$14.9B
2024
$106B
2024
GNI per capita, PPP
$39,550
2024
$14,170
2024
Total reserves including gold
$2.51B
2023
$24.4B
2024
Total reserves ranking
122/177
2023
57/177
2024
Net foreign direct investment
-$77.6M
2024
-$983M
2024
Net inflows of foreign direct investment
$241M
2024
$1.85B
2024
Net outflows of foreign direct investment
$163M
2024
$865M
2024
Servicing debt to the IMF, % of GNI n/a
1.75%
2024
Poverty at national poverty lines
9.3%
2020
56%
2023
Gross capital formation, % of GDP
26.8%
2024
16.7%
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/guatemala | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  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.