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Economy of Bahamas vs Guyana compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $24.7B for Guyana, ranking 140/197 and 120/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Bahamas vs Guyana GDP by year

Bahamas
Guyana
1x
Year GDP, current $
Bahamas Guyana
2024 $15,832,800,000 $24,662,709,832
2023 $15,271,300,000 $16,918,503,597
2022 $13,896,800,000 $14,718,388,489
2021 $12,037,000,000 $8,041,362,110
2020 $10,363,200,000 $5,471,256,595
2019 $13,277,000,000 $5,173,760,192
2018 $12,819,200,000 $4,787,636,998
2017 $12,446,900,000 $4,748,174,334
2016 $11,880,900,000 $4,482,697,337
2015 $11,837,600,000 $4,279,840,194
2014 $11,139,100,000 $4,127,660,152
2013 $10,475,300,000 $4,167,800,929
2012 $10,720,400,000 $4,063,088,536
2011 $10,070,450,000 $3,691,384,318
2010 $10,095,760,000 $3,432,912,517
2009 $9,981,960,000 $3,165,663,153
2008 $10,526,000,000 $3,025,187,433
2007 $10,618,340,000 $2,730,971,595
2006 $10,167,250,000 $2,379,817,991
2005 $9,836,200,000 $824,880,550
2004 $9,055,290,000 $787,814,379
2003 $8,870,090,000 $743,063,950
2002 $8,881,160,000 $726,131,435
2001 $8,317,830,000 $712,167,450
2000 $8,076,470,000 $712,667,897
1999 $7,683,870,000 $694,754,988
1998 $6,833,220,000 $717,530,683
1997 $6,332,360,000 $749,138,010
1996 $3,609,000,000 $705,406,001
1995 $3,429,000,000 $621,626,786
1994 $3,259,000,000 $540,874,934
1993 $3,092,000,000 $454,101,382
1992 $3,109,000,000 $373,573,141
1991 $3,111,160,000 $348,533,095
1990 $3,166,000,000 $396,582,263
1989 $3,062,000,000 $379,779,390
1988 $2,817,900,000 $413,799,990
1987 $2,713,999,900 $354,591,847
1986 $2,472,500,000 $504,651,140
1985 $2,320,699,900 $453,488,372
1984 $2,041,100,000 $437,631,605
1983 $1,732,800,000 $489,333,333
1982 $1,578,300,000 $482,000,000
1981 $1,426,500,000 $570,357,107
1980 $1,335,300,000 $603,200,000
1979 $1,139,800,100 $530,440,000
1978 $832,400,000 $507,080,000
1977 $713,000,000 $449,880,000
1976 $642,100,000 $454,440,000
1975 $596,200,000 $494,791,667
1974 $632,400,000 $433,954,545
1973 $670,900,000 $307,047,619
1972 $590,900,000 $285,380,952
1971 $573,400,000 $282,050,000
1970 $539,500,000 $267,800,000
1969 $538,700,000 $249,300,000
1968 $453,800,000 $229,750,000
1967 $398,000,000 $250,176,471
1966 $346,800,000 $228,705,882
1965 $300,272,048 $213,235,294
1964 $266,560,043 $194,774,513
1963 $237,650,038 $175,757,894
1962 $212,170,034 $194,949,513
1961 $190,022,030 $185,849,535
1960 $169,736,027 $170,216,241

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

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

GDP per capita in Bahamas vs Guyana by year

Bahamas
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $29,675 $80,155
2023 $38,232 $39,090 $20,474 $54,729
2022 $34,957 $36,791 $17,913 $39,711
2021 $30,368 $31,065 $9,861 $22,866
2020 $26,179 $27,205 $6,776 $16,819
2019 $33,640 $36,116 $6,406 $13,241
2018 $32,642 $35,228 $6,048 $12,443
2017 $31,875 $34,282 $6,179 $12,243
2016 $30,617 $32,285 $5,871 $11,516
2015 $30,719 $32,138 $5,640 $11,408
2014 $29,137 $31,726 $5,473 $11,145
2013 $27,643 $30,294 $5,557 $11,200
2012 $28,552 $31,036 $5,444 $10,627
2011 $27,091 $30,074 $4,947 $10,066
2010 $27,473 $29,625 $4,582 $9,337
2009 $27,513 $29,197 $4,209 $8,824
2008 $29,392 $30,679 $4,009 $8,437
2007 $30,052 $31,232 $3,608 $8,110
2006 $29,185 $30,402 $3,136 $7,346
2005 $28,602 $29,143 $1,084 $6,761
2004 $26,650 $27,660 $1,033 $6,673
2003 $26,429 $27,031 $974 $6,392
2002 $26,782 $27,171 $951 $6,304
2001 $25,372 $26,351 $932 $6,131
2000 $24,940 $25,422 $932 $5,860
1999 $24,041 $24,184 $909 $5,812
1998 $21,667 $22,556 $940 $5,573
1997 $20,368 $21,606 $983 $5,615
1996 $11,784 $21,287 $928 $5,210
1995 $11,375 $20,377 $820 $4,753
1994 $10,991 $19,441 $716 $4,447
1993 $10,613 $18,781 $603 $4,027
1992 $10,873 $18,636 $498 $3,651
1991 $11,082 $19,296 $466 $3,322
1990 $11,473 $19,817 $529 $3,022
1989 $11,291 - $503 -
1988 $10,576 - $545 -
1987 $10,361 - $464 -
1986 $9,601 - $657 -
1985 $9,167 - $588 -
1984 $8,202 - $565 -
1983 $7,081 - $631 -
1982 $6,559 - $621 -
1981 $6,029 - $735 -
1980 $5,743 - $779 -
1979 $4,994 - $689 -
1978 $3,720 - $663 -
1977 $3,253 - $593 -
1976 $2,993 - $604 -
1975 $2,841 - $664 -
1974 $3,080 - $588 -
1973 $3,341 - $421 -
1972 $3,014 - $395 -
1971 $3,004 - $396 -
1970 $2,916 - $381 -
1969 $3,027 - $361 -
1968 $2,668 - $340 -
1967 $2,453 - $378 -
1966 $2,239 - $353 -
1965 $2,030 - $336 -
1964 $1,883 - $313 -
1963 $1,759 - $288.8 -
1962 $1,651 - $327 -
1961 $1,555 - $319 -
1960 $1,459 - $299.1 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Guyana ranks 15th at $80,155.

Economic indicators

Bahamas Guyana
Gross domestic product
$15.8B
2024
$24.7B
2024
GDP rank
140/197
2024
120/197
2024
GDP growth
3.38%
2023-2024
43.8%
2023-2024
GDP per capita
$39,455
2024
$29,675
2024
GDP per capita rank
30/197
2024
41/197
2024
GDP per capita, PPP
$41,198
2024
$80,155
2024
GDP per capita PPP rank
57/197
2024
15/197
2024
Government debt
$11.5B
2024
$5.99B
2024
Debt-to-GDP ratio
72.5%
2024
24.3%
2024
Government debt per person
$28,616
2024
$7,213
2024
Government debt per person rank
25/185
2024
66/185
2024
Average annual personal income after taxes
$29,535
2026
$13,212
2026
Income share by richest 10% n/a
34.4%
1998
Income share by poorest 10% n/a
1.1%
1998
Government expenditure, % of GDP
20.6%
2024
23.2%
2024
Consumer prices inflation
0.41%
2023-2024
2.5%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
13.2%
2019
Population
405203
842249

Spending and national debt comparison by year

Bahamas
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Bahamas Guyana
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 23.2% 24.3%
2023 22.2% 74.8% 23.7% 26.7%
2022 23.9% 79.1% 20.3% 24.8%
2021 26.9% 84.5% 24.8% 45.7%
2020 28.2% 81.9% 30.5% 59.5%
2019 19.9% 59.3% 28.1% 54%
2018 19.2% 60.6% 27.6% 47.9%
2017 22.5% 53.4% 26.3% 46.1%
2016 19.4% 51% 25.2% 44%
2015 17.9% 48.5% 21.7% 42.2%
2014 17.6% 46.3% 23.1% 38.7%
2013 18.4% 44.8% 21.4% 41.4%
2012 16.5% 36.4% 21.8% 44.7%
2011 17.1% 35.3% 23.5% 51.7%
2010 15.3% 33.7% 23.9% 53.1%
2009 15.6% 30.9% 25.4% 52.3%
2008 14.4% 25.5% 24.1% 48.2%
2007 13.3% 23% 25.5% 47.7%
2006 13% 22.8% 29% 74.5%
2005 12.3% 22% 28.4% 90.7%
2004 12.4% 21.4% 23.7% 91.8%
2003 11.8% 20.9% 23.5% 95.6%
2002 11.3% 18.8% 23.1% 105.1%
2001 11.2% 18.2% 24% 104.6%
2000 11.3% 18.7% 22.9% 97.2%
1999 8.78% 18.7% 17.6% 97.1%
1998 11.6% 20% 19.7% 108%
1997 12.5% 20.8% 20.9% 101.3%
1996 11.2% 20.2% - -
1995 11.2% 20.5% - -
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/guyana | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 24.3% in Guyana, ranking 53/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Guyana
1x
Year Deficit/surplus, % of GDP
Bahamas Guyana
2024 -1.18% -7.31%
2023 -3.49% -5.78%
2022 -5.16% -5.11%
2021 -11.1% -6.94%
2020 -8.09% -7.78%
2019 -1.65% -2.52%
2018 -3.24% -2.52%
2017 -5.92% -3.14%
2016 -2.61% -3.21%
2015 -3.24% -0.75%
2014 -4.38% -3.88%
2013 -5.16% -2.16%
2012 -3.15% -3.11%
2011 -2.87% -2.13%
2010 -2.56% -1.88%
2009 -2.45% -2.5%
2008 -0.83% -2.78%
2007 -0.76% -3.35%
2006 -0.43% -6.16%
2005 -1.11% -6.54%
2004 -1.93% -2.88%
2003 -1.63% -4.81%
2002 -1.62% -2.42%
2001 0.3% -3.71%
2000 0.09% -2.27%
1999 1.68% -0.47%
1998 -0.41% -2.67%
1997 -1.56% -1.7%
1996 -0.15% -
1995 0.18% -
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/guyana | 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 Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, the Bahamas recorded a fiscal deficit in 25 of those years, while Guyana ran a deficit in 28 years. On average, the Bahamas posted an annual deficit equal to 2.66% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Bahamas

Guyana
1x
Year Consumer prices inflation
Bahamas Guyana
2024 0.41% 2.5%
2023 3.05% 4.5%
2022 5.61% 6.5%
2021 2.9% 3.3%
2020 0.04% 1.2%
2019 2.49% 2.1%
2018 2.27% 1.3%
2017 1.52% 1.9%
2016 -0.35% 0.8%
2015 1.86% -0.9%
2014 1.51% 0.7%
2013 0.72% 1.9%
2012 1.97% 2.4%
2011 3.2% 4.4%
2010 1.34% 4.3%
2009 2.06% 3%
2008 4.49% 8.1%
2007 2.49% 12.2%
2006 2.39% 6.7%
2005 1.59% 6.9%
2004 0.98% 4.7%
2003 3.03% 6%
2002 2.17% 5.4%
2001 2.04% 2.6%
2000 1.61% 6.1%
1999 1.25% 7.5%
1998 1.34% 4.6%
1997 0.54% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 4.08% in Guyana. In 2024, inflation was 0.41% in the Bahamas and 2.5% in Guyana.

Top exports between countries

Bahamas
Export category Export value
Machinery & equipment $195K
Guyana
Export category Export value
Raw materials & minerals $24.1M
Wood & paper products $849K
Machinery & equipment $347K
Metals $85K
Chemicals & pharma $23K
Raw agricultural goods $23K
Processed food, beverages & tobacco $1K
Textiles & consumer goods $1K

Balance of trade

Bahamas Guyana
Current account balance
-$1.05B
2024
$2.35B
2023
Current account balance ranking
127/190
2024
43/190
2023
Current account balance, % of GDP
-6.65%
2024
+13.9%
2023
Goods imports
$4.6B
2024
$6B
2023
Goods exports
$874M
2024
$13.2B
2023
Service imports
$2.47B
2024
$4.95B
2023
Service exports
$5.9B
2024
$529M
2023
Imports of goods and services, % of GDP
41.5%
2024
109.7%
2005
Exports of goods and services, % of GDP
37.8%
2024
84.6%
2005

Economic freedom indices

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

Bahamas Guyana
Economic freedom 65.1 58.7
Economic freedom ranking 66/197 109/197
Property rights 62.7 46.7
Government integrity 67.1 38.8
Judicial effectiveness 79.8 48.6
Tax burden 96.1 76.4
Government spending 83.8 85
Fiscal health 9.1 39.9
Business freedom 69.4 70.9
Labor freedom 66.5 76
Monetary freedom 77.2 78.5
Trade freedom 59.4 59.2
Investment freedom 50 55
Financial freedom 60 30

Economic freedom comparison by year

Bahamas
Guyana
1x
Year Economic freedom index
Bahamas Guyana
2026 65.1 58.7
2025 63.2 58.2
2024 62.5 57.3
2023 62.6 56.9
2022 68.7 59.5
2021 64.6 57.4
2020 64.5 56.2
2019 62.9 56.8
2018 63.3 58.7
2017 61.1 58.5
2016 70.9 55.4
2015 68.7 55.5
2014 69.8 55.7
2013 70.1 53.8
2012 68 51.3
2011 68 49.4
2010 67.3 48.4
2009 70.3 48.4
2008 71.1 48.8
2007 72 53.7
2006 72.3 56.6
2005 72.6 56.5
2004 72.1 53
2003 73.5 50.3
2002 74.4 54.3
2001 74.8 53.3
2000 73.9 52.4
1999 74.7 53.3
1998 74.5 52.7
1997 74.5 53.2
1996 74 50.1
1995 71.8 45.7

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Guyana
Services, % of GDP
77.2%
2024
14.5%
2024
Industry, % of GDP
9.63%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
7.62%
2024
GNI, Atlas method
$14.9B
2024
$16.7B
2024
GNI per capita, PPP
$39,550
2024
$52,290
2024
Total reserves including gold
$2.51B
2023
$1.01B
2024
Total reserves ranking
122/177
2023
141/177
2024
Net foreign direct investment
-$77.6M
2024
$1.14B
2023
Net inflows of foreign direct investment
$241M
2024
$8.63B
2024
Net outflows of foreign direct investment
$163M
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI n/a
3.73%
2024
Poverty at national poverty lines
9.3%
2020
35%
2020
Gross capital formation, % of GDP
26.8%
2024
32.3%
2005

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/guyana | 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 (2020–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.