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Economy of Bahamas vs Israel compared: GDP & Debt

Updated on by Georank

The Bahamas has a GDP of $15.8B compared to $611B for Israel, ranking 145/197 and 27/197 by economy size, respectively.

The Bahamas has $11.7B in government debt (73.8% of GDP), compared to $418B (68.5% of GDP) in Israel.

Bahamas vs Israel GDP by year

Bahamas
Israel
1x
Year GDP, current $
Bahamas Israel
2025 - $610,777,842,874
2024 $15,832,800,000 $542,284,494,491
2023 $15,271,300,000 $513,393,395,492
2022 $13,896,800,000 $525,157,951,213
2021 $12,037,000,000 $489,735,019,666
2020 $10,363,200,000 $410,908,899,711
2019 $13,277,000,000 $399,207,771,082
2018 $12,819,200,000 $375,470,422,244
2017 $12,446,900,000 $357,360,816,857
2016 $11,880,900,000 $321,083,954,798
2015 $11,837,600,000 $302,841,190,258
2014 $11,139,100,000 $314,376,760,832
2013 $10,475,300,000 $298,045,324,736
2012 $10,720,400,000 $263,172,104,091
2011 $10,070,450,000 $267,739,352,609
2010 $10,095,760,000 $239,372,857,534
2009 $9,981,960,000 $213,112,649,594
2008 $10,526,000,000 $220,952,472,408
2007 $10,618,340,000 $184,448,882,452
2006 $10,167,250,000 $158,706,516,002
2005 $9,836,200,000 $147,346,035,831
2004 $9,055,290,000 $139,925,423,025
2003 $8,870,090,000 $131,278,887,815
2002 $8,881,160,000 $125,215,963,105
2001 $8,317,830,000 $134,889,159,474
2000 $8,076,470,000 $136,409,902,632
1999 $7,683,870,000 $121,329,240,042
1998 $6,833,220,000 $120,468,659,246
1997 $6,332,360,000 $119,389,303,067
1996 $3,609,000,000 $115,051,957,577
1995 $3,429,000,000 $105,432,315,611
1994 $3,259,000,000 $90,684,108,118
1993 $3,092,000,000 $79,806,598,120
1992 $3,109,000,000 $79,408,652,426
1991 $3,111,160,000 $70,954,941,681
1990 $3,166,000,000 $61,978,459,022
1989 $3,062,000,000 $52,411,116,588
1988 $2,817,900,000 $52,618,458,014
1987 $2,713,999,900 $43,022,977,765
1986 $2,472,500,000 $35,812,041,620
1985 $2,320,699,900 $28,887,898,639
1984 $2,041,100,000 $30,626,695,891
1983 $1,732,800,000 $32,655,591,256
1982 $1,578,300,000 $29,237,231,967
1981 $1,426,500,000 $26,865,420,933
1980 $1,335,300,000 $25,379,585,067
1979 $1,139,800,100 $22,595,788,591
1978 $832,400,000 $17,690,363,444
1977 $713,000,000 $18,245,847,441
1976 $642,100,000 $15,946,502,888
1975 $596,200,000 $16,131,806,290
1974 $632,400,000 $17,162,009,924
1973 $670,900,000 $11,895,229,181
1972 $590,900,000 $9,216,866,299
1971 $573,400,000 $7,048,191,876
1970 $539,500,000 $7,402,142,195
1969 $538,700,000 $6,293,966,357
1968 $453,800,000 $5,455,059,532
1967 $398,000,000 $4,759,447,914
1966 $346,800,000 $4,700,397,692
1965 $300,272,048 $4,326,412,951
1964 $266,560,043 $4,021,861,430
1963 $237,650,038 $3,533,767,055
1962 $212,170,034 $2,964,323,618
1961 $190,022,030 $3,706,297,903
1960 $169,736,027 $3,068,690,949

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bahamas vs Israel by year

Bahamas
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $60,337 -
2024 $39,455 $41,198 $54,217 $57,236
2023 $38,232 $39,090 $52,126 $55,171
2022 $34,957 $36,791 $54,947 $53,619
2021 $30,368 $31,065 $52,258 $46,162
2020 $26,179 $27,205 $44,591 $40,955
2019 $33,640 $36,116 $44,092 $41,325
2018 $32,642 $35,228 $42,269 $40,190
2017 $31,875 $34,282 $41,013 $39,471
2016 $30,617 $32,285 $37,571 $38,189
2015 $30,719 $32,138 $36,138 $35,871
2014 $29,137 $31,726 $38,265 $34,816
2013 $27,643 $30,294 $36,981 $34,827
2012 $28,552 $31,036 $33,269 $32,484
2011 $27,091 $30,074 $34,477 $31,314
2010 $27,473 $29,625 $31,399 $29,456
2009 $27,513 $29,197 $28,470 $28,087
2008 $29,392 $30,679 $30,231 $28,084
2007 $30,052 $31,232 $25,689 $28,307
2006 $29,185 $30,402 $22,500 $26,385
2005 $28,602 $29,143 $21,262 $25,701
2004 $26,650 $27,660 $20,550 $26,078
2003 $26,429 $27,031 $19,624 $24,702
2002 $26,782 $27,171 $19,059 $26,101
2001 $25,372 $26,351 $20,949 $25,806
2000 $24,940 $25,422 $21,690 $25,766
1999 $24,041 $24,184 $19,809 $23,415
1998 $21,667 $22,556 $20,176 $22,927
1997 $20,368 $21,606 $20,457 $22,279
1996 $11,784 $21,287 $20,213 $21,672
1995 $11,375 $20,377 $19,014 $20,642
1994 $10,991 $19,441 $16,796 $19,478
1993 $10,613 $18,781 $15,169 $18,218
1992 $10,873 $18,636 $15,500 $17,553
1991 $11,082 $19,296 $14,337 $16,486
1990 $11,473 $19,817 $13,300 $15,721
1989 $11,291 - $11,601 -
1988 $10,576 - $11,846 -
1987 $10,361 - $9,847 -
1986 $9,601 - $8,330 -
1985 $9,167 - $6,824 -
1984 $8,202 - $7,364 -
1983 $7,081 - $7,955 -
1982 $6,559 - $7,253 -
1981 $6,029 - $6,791 -
1980 $5,743 - $6,545 -
1979 $4,994 - $5,968 -
1978 $3,720 - $4,794 -
1977 $3,253 - $5,050 -
1976 $2,993 - $4,514 -
1975 $2,841 - $4,669 -
1974 $3,080 - $5,082 -
1973 $3,341 - $3,629 -
1972 $3,014 - $2,928 -
1971 $3,004 - $2,297 -
1970 $2,916 - $2,489 -
1969 $3,027 - $2,188 -
1968 $2,668 - $1,946 -
1967 $2,453 - $1,734 -
1966 $2,239 - $1,788 -
1965 $2,030 - $1,688 -
1964 $1,883 - $1,625 -
1963 $1,759 - $1,485 -
1962 $1,651 - $1,293 -
1961 $1,555 - $1,696 -
1960 $1,459 - $1,452 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Israel ranks 36th at $57,236.

Economic indicators

Bahamas Israel
Gross domestic product
$15.8B
2024
$611B
2025
GDP rank
145/197
2024
27/197
2025
GDP growth
3.38%
2023-2024
2.93%
2024-2025
GDP per capita
$39,455
2024
$60,337
2025
GDP per capita rank
30/197
2024
19/197
2025
GDP per capita, PPP
$41,198
2024
$57,236
2024
GDP per capita PPP rank
57/197
2024
36/197
2024
Government debt
$11.7B
2024
$418B
2025
Debt-to-GDP ratio
73.8%
2025
68.5%
2025
Government debt per person
$29,123
2024
$41,338
2025
Government debt per person rank
25/185
2024
16/185
2025
Average annual personal income after taxes
$36,621
2026
$48,251
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10% n/a
27%
2022
Income share by poorest 10% n/a
1.8%
2022
Government expenditure, % of GDP
21.5%
2025
43.6%
2025
Consumer prices inflation
0.41%
2023-2024
3.04%
2024-2025
Central bank interest rate
4%
2016
3.75%
2026
Unemployment rate
10.3%
2023
3%
2025
Population
405486
10334048

Spending and national debt comparison by year

Bahamas
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Bahamas Israel
Government spending Government debt Government spending Government debt
2025 21.5% 73.8% 43.6% 68.5%
2024 21% 73.8% 43.7% 67.7%
2023 23.2% 78.3% 39.6% 61.3%
2022 25.6% 84.7% 36.9% 60.3%
2021 28.9% 90.7% 40.1% 67.7%
2020 24.8% 71.9% 44.8% 71.1%
2019 20.3% 60.3% 38.7% 59.3%
2018 19.4% 61.5% 39.2% 60.1%
2017 23.1% 54.6% 38.4% 59.8%
2016 19.4% 51.1% 37.9% 61.7%
2015 18.4% 49.9% 37.6% 62.8%
2014 18.1% 47.7% 38.3% 65.8%
2013 18.1% 44.2% 39.7% 66%
2012 17% 37.6% 39.6% 66.9%
2011 17.1% 35.3% 39.3% 67.2%
2010 15.4% 33.9% 39.7% 69%
2009 15.2% 30.1% 41.4% 72.6%
2008 14.3% 25.3% 41.2% 70.2%
2007 13.6% 23.5% 40.2% 70.8%
2006 13.2% 23.2% 41.6% 77.7%
2005 12.9% 23% 42.3% 85.2%
2004 12.5% 21.6% 43% 88.3%
2003 11.8% 20.8% 45.4% 89.7%
2002 11.6% 19.4% 50% 87.2%
2001 11.4% 18.5% 46.1% 81.1%
2000 11.6% 19.2% 43.4% 77.2%
1999 9.3% 19.8% 53.6% 94.8%
1998 12% 20.8% 55% 101%
1997 12.9% 21.5% 52.6% 99.3%
1996 11.5% 20.7% 53.2% 100.3%
1995 11.5% 21% 52.8% 102.3%
1994 11.7% 20.9% 41.7% 110.2%
1993 11.5% 19.7% 42.2% 118.3%
1992 11.8% 17.9% 44.1% 119.6%
1991 11.9% 15.3% 34.4% 123.7%
1990 11.4% 13.2% 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, the Bahamas' government spending was $3.32B, accounting for 21.5% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 73.8% in the Bahamas and 68.5% in Israel, ranking 52/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Israel
1x
Year Deficit/surplus, % of GDP
Bahamas Israel
2025 -0.49% -5.22%
2024 -1.2% -8.07%
2023 -3.65% -5.38%
2022 -5.53% 0.3%
2021 -11.9% -3.37%
2020 -7.11% -10.6%
2019 -1.68% -3.79%
2018 -3.28% -3.58%
2017 -6.05% -1.17%
2016 -2.61% -1.78%
2015 -3.34% -1.2%
2014 -4.51% -2.28%
2013 -5.1% -4.07%
2012 -3.25% -4.46%
2011 -2.87% -3.43%
2010 -2.57% -3.72%
2009 -2.39% -6.53%
2008 -0.82% -3.49%
2007 -0.77% -0.43%
2006 -0.44% -0.94%
2005 -1.16% -2.74%
2004 -1.95% -3.4%
2003 -1.63% -5.03%
2002 -1.67% -8.21%
2001 0.3% -4.06%
2000 0.09% -0.8%
1999 1.78% -6.26%
1998 -0.43% -7.99%
1997 -1.6% -4.84%
1996 -0.15% -5.97%
1995 0.18% -4.28%
1994 -0.4% -5.62%
1993 -1.05% -5.62%
1992 -2.23% -8%
1991 -2.27% -7.04%
1990 -2.64% -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

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

In 2024, the Bahamas' government deficit, the difference between spending and revenue, was $190M, equivalent to 1.2% of GDP. This compares to Israel's deficit of $43.8B, or 8.07% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Israel ran a deficit in 34 years. On average, the Bahamas posted an annual deficit equal to 2.4% of GDP, compared to deficit of 4.5% of GDP for Israel.

Inflation comparison by year

Inflation
Bahamas

Israel
1x
Year Consumer prices inflation
Bahamas Israel
2025 - 3.04%
2024 0.41% 3.07%
2023 3.05% 4.23%
2022 5.61% 4.41%
2021 2.9% 1.48%
2020 0.04% -0.58%
2019 2.49% 0.82%
2018 2.27% 0.81%
2017 1.52% 0.25%
2016 -0.35% -0.54%
2015 1.86% -0.62%
2014 1.51% 0.47%
2013 0.72% 1.59%
2012 1.97% 1.68%
2011 3.2% 3.49%
2010 1.34% 2.7%
2009 2.06% 3.37%
2008 4.49% 4.53%
2007 2.49% 0.47%
2006 2.39% 2.05%
2005 1.59% 1.34%
2004 0.98% -0.42%
2003 3.03% 0.71%
2002 2.17% 5.8%
2001 2.04% 1.12%
2000 1.61% 1.03%
1999 1.25% 5.19%
1998 1.34% 5.49%
1997 0.54% 8.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.25% in Israel. In 2024, inflation was 0.41% in the Bahamas and 3.04% in Israel.

Top exports between countries

Bahamas
Export category Export value
Metals $7K
Israel
Export category Export value
Machinery & equipment $84K
Chemicals & pharma $56K
Textiles & consumer goods $27K
Processed food, beverages & tobacco $25K
Precious metals & jewellery $10K
Miscellaneous $1K
Wood & paper products $1K

Balance of trade

Bahamas Israel
Current account balance
-$1.05B
2024
$8.53B
2025
Current account balance ranking
120/190
2024
26/190
2025
Current account balance, % of GDP
-6.65%
2024
+1.4%
2025
Goods imports
$4.6B
2024
$102B
2025
Goods exports
$874M
2024
$76.2B
2025
Service imports
$2.47B
2024
$53.2B
2025
Service exports
$5.9B
2024
$92.4B
2025
Imports of goods and services, % of GDP
41.5%
2024
25.4%
2025
Exports of goods and services, % of GDP
37.8%
2024
27.6%
2025

Economic freedom indices

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

Bahamas Israel
Economic freedom 65.1 68.4
Economic freedom ranking 66/197 47/197
Property rights 62.7 73.1
Government integrity 67.1 66.2
Judicial effectiveness 79.8 68.1
Tax burden 96.1 60.2
Government spending 83.8 52
Fiscal health 9.1 60.8
Business freedom 69.4 72.4
Labor freedom 66.5 56.8
Monetary freedom 77.2 78.2
Trade freedom 59.4 82.8
Investment freedom 50 70
Financial freedom 60 80

Economic freedom comparison by year

Bahamas
Israel
1x
Year Economic freedom index
Bahamas Israel
2026 65.1 68.4
2025 63.2 69.9
2024 62.5 70.1
2023 62.6 68.9
2022 68.7 68
2021 64.6 73.8
2020 64.5 74
2019 62.9 72.8
2018 63.3 72.2
2017 61.1 69.7
2016 70.9 70.7
2015 68.7 70.5
2014 69.8 68.4
2013 70.1 66.9
2012 68 67.8
2011 68 68.5
2010 67.3 67.7
2009 70.3 67.6
2008 71.1 66.3
2007 72 64.8
2006 72.3 64.4
2005 72.6 62.6
2004 72.1 61.4
2003 73.5 62.7
2002 74.4 66.9
2001 74.8 66.1
2000 73.9 65.5
1999 74.7 68.3
1998 74.5 68
1997 74.5 62.7
1996 74 62
1995 71.8 61.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Israel
Services, % of GDP
77.2%
2024
72.8%
2024
Industry, % of GDP
9.63%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
1.29%
2024
GNI, Atlas method
$14.9B
2024
$569B
2025
GNI per capita, PPP
$39,610
2024
$58,870
2025
Total reserves including gold
$2.63B
2024
$229B
2025
Total reserves ranking
123/177
2024
18/177
2025
Net foreign direct investment
-$77.6M
2024
-$11.8B
2025
Net inflows of foreign direct investment
$241M
2024
$14.8B
2024
Net outflows of foreign direct investment
$163M
2024
$9.92B
2024
Poverty at national poverty lines
9.3%
2020
22%
2020
Gross capital formation, % of GDP
26.8%
2024
24.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, retrieved 2026-07-08)

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.

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.