Skip to content

Economy of Bahamas vs Kiribati compared: GDP & Debt

Updated on by Georank

The Bahamas has a GDP of $15.8B compared to $349M for Kiribati, ranking 145/197 and 192/197 by economy size, respectively.

The Bahamas has $11.7B in government debt (73.8% of GDP), compared to $27.8M (7.95% of GDP) in Kiribati.

Bahamas vs Kiribati GDP by year

Bahamas
Kiribati
1x
Year GDP, current $
Bahamas Kiribati
2025 - $349,227,254
2024 $15,832,800,000 $343,153,235
2023 $15,271,300,000 $291,657,338
2022 $13,896,800,000 $271,214,375
2021 $12,037,000,000 $285,451,584
2020 $10,363,200,000 $220,909,307
2019 $13,277,000,000 $216,891,541
2018 $12,819,200,000 $233,859,230
2017 $12,446,900,000 $223,029,865
2016 $11,880,900,000 $206,467,819
2015 $11,837,600,000 $191,559,399
2014 $11,139,100,000 $200,287,282
2013 $10,475,300,000 $201,730,861
2012 $10,720,400,000 $207,001,546
2011 $10,070,450,000 $195,970,140
2010 $10,095,760,000 $165,458,433
2009 $9,981,960,000 $140,177,384
2008 $10,526,000,000 $147,017,895
2007 $10,618,340,000 $138,054,946
2006 $10,167,250,000 $112,338,353
2005 $9,836,200,000 $113,895,437
2004 $9,055,290,000 $104,085,892
2003 $8,870,090,000 $96,105,619
2002 $8,881,160,000 $74,743,869
2001 $8,317,830,000 $64,935,850
2000 $8,076,470,000 $74,910,527
1999 $7,683,870,000 $77,323,978
1998 $6,833,220,000 $74,905,706
1997 $6,332,360,000 $80,205,807
1996 $3,609,000,000 $81,456,854
1995 $3,429,000,000 $68,596,395
1994 $3,259,000,000 $67,055,334
1993 $3,092,000,000 $58,953,596
1992 $3,109,000,000 $61,491,369
1991 $3,111,160,000 $41,247,792
1990 $3,166,000,000 $36,534,295
1989 $3,062,000,000 $37,645,319
1988 $2,817,900,000 $38,278,810
1987 $2,713,999,900 $29,554,413
1986 $2,472,500,000 $25,993,009
1985 $2,320,699,900 $26,126,615
1984 $2,041,100,000 $34,394,167
1983 $1,732,800,000 $31,000,546
1982 $1,578,300,000 $32,742,713
1981 $1,426,500,000 $35,267,489
1980 $1,335,300,000 $33,157,723
1979 $1,139,800,100 $34,466,197
1978 $832,400,000 $36,563,965
1977 $713,000,000 $31,335,459
1976 $642,100,000 $33,246,817
1975 $596,200,000 $44,547,454
1974 $632,400,000 $69,256,489
1973 $670,900,000 $25,645,040
1972 $590,900,000 $15,314,346
1971 $573,400,000 $12,356,134
1970 $539,500,000 $11,560,877
1969 $538,700,000 -
1968 $453,800,000 -
1967 $398,000,000 -
1966 $346,800,000 -
1965 $300,272,048 -
1964 $266,560,043 -
1963 $237,650,038 -
1962 $212,170,034 -
1961 $190,022,030 -
1960 $169,736,027 -

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

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

GDP per capita in Bahamas vs Kiribati by year

Bahamas
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $2,559 -
2024 $39,455 $41,198 $2,551 $3,702
2023 $38,232 $39,090 $2,201 $3,486
2022 $34,957 $36,791 $2,079 $3,329
2021 $30,368 $31,065 $2,224 $3,020
2020 $26,179 $27,205 $1,752 $2,711
2019 $33,640 $36,116 $1,750 $2,763
2018 $32,642 $35,228 $1,916 $2,672
2017 $31,875 $34,282 $1,854 $2,562
2016 $30,617 $32,285 $1,743 $2,463
2015 $30,719 $32,138 $1,640 $2,311
2014 $29,137 $31,726 $1,737 $2,084
2013 $27,643 $30,294 $1,772 $2,049
2012 $28,552 $31,036 $1,844 $1,896
2011 $27,091 $30,074 $1,771 $1,786
2010 $27,473 $29,625 $1,522 $1,724
2009 $27,513 $29,197 $1,317 $1,718
2008 $29,392 $30,679 $1,411 $1,735
2007 $30,052 $31,232 $1,353 $1,792
2006 $29,185 $30,402 $1,123 $1,728
2005 $28,602 $29,143 $1,162 $1,617
2004 $26,650 $27,660 $1,083 $1,579
2003 $26,429 $27,031 $1,021 $1,578
2002 $26,782 $27,171 $810 $1,605
2001 $25,372 $26,351 $719 $1,591
2000 $24,940 $25,422 $845 $1,638
1999 $24,041 $24,184 $887 $1,526
1998 $21,667 $22,556 $874 $1,593
1997 $20,368 $21,606 $953 $1,535
1996 $11,784 $21,287 $986 $1,519
1995 $11,375 $20,377 $844 $1,518
1994 $10,991 $19,441 $838 $1,469
1993 $10,613 $18,781 $748 $1,431
1992 $10,873 $18,636 $792 $1,421
1991 $11,082 $19,296 $540 $1,139
1990 $11,473 $19,817 $488 $1,192
1989 $11,291 - $515 -
1988 $10,576 - $536 -
1987 $10,361 - $424 -
1986 $9,601 - $382 -
1985 $9,167 - $393 -
1984 $8,202 - $527 -
1983 $7,081 - $483 -
1982 $6,559 - $519 -
1981 $6,029 - $568 -
1980 $5,743 - $542 -
1979 $4,994 - $573 -
1978 $3,720 - $611 -
1977 $3,253 - $520 -
1976 $2,993 - $548 -
1975 $2,841 - $730 -
1974 $3,080 - $1,131 -
1973 $3,341 - $422 -
1972 $3,014 - $256.2 -
1971 $3,004 - $210.7 -
1970 $2,916 - $201 -
1969 $3,027 - - -
1968 $2,668 - - -
1967 $2,453 - - -
1966 $2,239 - - -
1965 $2,030 - - -
1964 $1,883 - - -
1963 $1,759 - - -
1962 $1,651 - - -
1961 $1,555 - - -
1960 $1,459 - - -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $2,559 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Kiribati ranks 169th at $3,702.

Economic indicators

Bahamas Kiribati
Gross domestic product
$15.8B
2024
$349M
2025
GDP rank
145/197
2024
192/197
2025
GDP growth
3.38%
2023-2024
4.22%
2024-2025
GDP per capita
$39,455
2024
$2,559
2025
GDP per capita rank
30/197
2024
152/197
2025
GDP per capita, PPP
$41,198
2024
$3,702
2024
GDP per capita PPP rank
57/197
2024
169/197
2024
Government debt
$11.7B
2024
$27.8M
2025
Debt-to-GDP ratio
73.8%
2025
7.95%
2025
Government debt per person
$29,123
2024
$203.4
2025
Government debt per person rank
25/185
2024
181/185
2025
Average annual personal income after taxes
$36,621
2026
$2,170
2026
Income share by richest 10% n/a
20.9%
2023
Income share by poorest 10% n/a
4.4%
2023
Government expenditure, % of GDP
21.5%
2025
88.2%
2025
Consumer prices inflation
0.41%
2023-2024
6.5%
2024-2025
Central bank interest rate
4%
2016
n/a
Unemployment rate
10.3%
2023
2.79%
2023
Population
405486
139471

Spending and national debt comparison by year

Bahamas
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Bahamas Kiribati
Government spending Government debt Government spending Government debt
2025 21.5% 73.8% 88.2% 7.95%
2024 21% 73.8% 86.1% 8.9%
2023 23.2% 78.3% 94.4% 11.3%
2022 25.6% 84.7% 87.2% 16.2%
2021 28.9% 90.7% 84% 17.3%
2020 24.8% 71.9% 102.2% 21%
2019 20.3% 60.3% 108.3% 18.5%
2018 19.4% 61.5% 108.8% 19%
2017 23.1% 54.6% 92.1% 20.2%
2016 19.4% 51.1% 99% 21.2%
2015 18.4% 49.9% 90.9% 18.8%
2014 18.1% 47.7% 101.2% 8.97%
2013 18.1% 44.2% 78% 8.86%
2012 17% 37.6% 83.9% 8.13%
2011 17.1% 35.3% 80.9% 8.8%
2010 15.4% 33.9% 75.7% 9.43%
2009 15.2% 30.1% 74.7% 10.3%
2008 14.3% 25.3% 79.4% 13.9%
2007 13.6% 23.5% 77.3% 11.1%
2006 13.2% 23.2% 82.1% 12.9%
2005 12.9% 23% 95.6% 12.1%
2004 12.5% 21.6% 103.8% 13.6%
2003 11.8% 20.8% 84.4% 12.3%
2002 11.6% 19.4% 96.9% 13.3%
2001 11.4% 18.5% 101.3% 17%
2000 11.6% 19.2% 66% 12.7%
1999 9.3% 19.8% 77.6% 11.8%
1998 12% 20.8% 74.7% 9.81%
1997 12.9% 21.5% 70.9% 10.7%
1996 11.5% 20.7% 68.4% 11%
1995 11.5% 21% 69.6% 12.3%
1994 11.7% 20.9% 54.6% 12.3%
1993 11.5% 19.7% 55.3% 10.9%
1992 11.8% 17.9% 65.9% 7.31%
1991 11.9% 15.3% 82.1% 8.43%
1990 11.4% 13.2% 105.5% 7.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, the Bahamas' government spending was $3.32B, accounting for 21.5% of its GDP, while Kiribati spent $308M, or 88.2% of GDP.

Debt-to-GDP ratio is 73.8% in the Bahamas and 7.95% in Kiribati, ranking 52/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Kiribati
1x
Year Deficit/surplus, % of GDP
Bahamas Kiribati
2025 -0.49% -14.5%
2024 -1.2% -14.1%
2023 -3.65% 1.81%
2022 -5.53% -18.2%
2021 -11.9% -10.8%
2020 -7.11% 3.57%
2019 -1.68% 10.8%
2018 -3.28% 5.18%
2017 -6.05% 34.1%
2016 -2.61% 20.1%
2015 -3.34% 42.5%
2014 -4.51% 35%
2013 -5.1% 11.8%
2012 -3.25% -5.43%
2011 -2.87% -17.6%
2010 -2.57% -7.8%
2009 -2.39% -8.56%
2008 -0.82% -15.8%
2007 -0.77% -12.5%
2006 -0.44% -12.3%
2005 -1.16% -9.96%
2004 -1.95% -19.2%
2003 -1.63% -8.93%
2002 -1.67% 3.13%
2001 0.3% -10.9%
2000 0.09% -0.03%
1999 1.78% -1.81%
1998 -0.43% 14.6%
1997 -1.6% 5.92%
1996 -0.15% -20.2%
1995 0.18% -5.14%
1994 -0.4% 0.74%
1993 -1.05% 6.27%
1992 -2.23% 0.79%
1991 -2.27% 3.87%
1990 -2.64% -4.62%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/kiribati | 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 Kiribati's deficit of $48.5M, or 14.1% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Kiribati ran a deficit in 19 years. On average, the Bahamas posted an annual deficit equal to 2.4% of GDP, compared to deficit of 0.11% of GDP for Kiribati.

Inflation comparison by year

Inflation
Bahamas

Kiribati
1x
Year Consumer prices inflation
Bahamas Kiribati
2025 - 6.5%
2024 0.41% 2.5%
2023 3.05% 9.3%
2022 5.61% 5.3%
2021 2.9% 2.1%
2020 0.04% 2.6%
2019 2.49% -1.8%
2018 2.27% 0.6%
2017 1.52% 0.4%
2016 -0.35% 1.9%
2015 1.86% 0.6%
2014 1.51% 2.1%
2013 0.72% -1.5%
2012 1.97% -3%
2011 3.2% 1.5%
2010 1.34% -3.9%
2009 2.06% 9.8%
2008 4.49% 13.7%
2007 2.49% 3.6%
2006 2.39% -1%
2005 1.59% -0.4%
2004 0.98% -0.7%
2003 3.03% 1.6%
2002 2.17% 3.2%
2001 2.04% 6%
2000 1.61% 0.4%
1999 1.25% 1.8%
1998 1.34% 3.7%
1997 0.54% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08).

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.25% in Kiribati. In 2024, inflation was 0.41% in the Bahamas and 6.5% in Kiribati.

Balance of trade

Bahamas Kiribati
Current account balance
-$1.05B
2024
-$61.3M
2025
Current account balance ranking
120/190
2024
77/190
2025
Current account balance, % of GDP
-6.65%
2024
-17.6%
2025
Goods imports
$4.6B
2024
$270M
2025
Goods exports
$874M
2024
$17.3M
2025
Service imports
$2.47B
2024
$110M
2025
Service exports
$5.9B
2024
$8.63M
2025
Imports of goods and services, % of GDP
41.5%
2024
97.6%
2024
Exports of goods and services, % of GDP
37.8%
2024
4.52%
2024

Economic freedom indices

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

Bahamas Kiribati
Economic freedom 65.1 50.8
Economic freedom ranking 66/197 158/197
Property rights 62.7 69.6
Government integrity 67.1 50.5
Judicial effectiveness 79.8 54.6
Tax burden 96.1 72.6
Government spending 83.8 0
Fiscal health 9.1 19.8
Business freedom 69.4 60.2
Labor freedom 66.5 65.3
Monetary freedom 77.2 76.7
Trade freedom 59.4 80
Investment freedom 50 30
Financial freedom 60 30

Economic freedom comparison by year

Bahamas
Kiribati
1x
Year Economic freedom index
Bahamas Kiribati
2026 65.1 50.8
2025 63.2 50.9
2024 62.5 51.3
2023 62.6 58.8
2022 68.7 59.2
2021 64.6 44.4
2020 64.5 45.2
2019 62.9 47.3
2018 63.3 50.8
2017 61.1 50.9
2016 70.9 46.2
2015 68.7 46.4
2014 69.8 46.3
2013 70.1 45.9
2012 68 46.9
2011 68 44.8
2010 67.3 43.7
2009 70.3 45.7
2008 71.1 -
2007 72 -
2006 72.3 -
2005 72.6 -
2004 72.1 -
2003 73.5 -
2002 74.4 -
2001 74.8 -
2000 73.9 -
1999 74.7 -
1998 74.5 -
1997 74.5 -
1996 74 -
1995 71.8 -

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Kiribati
Services, % of GDP
77.2%
2024
70.3%
2024
Industry, % of GDP
9.63%
2024
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
23.2%
2024
GNI, Atlas method
$14.9B
2024
$537M
2025
GNI per capita, PPP
$39,610
2024
$6,080
2025
Total reserves including gold
$2.63B
2024
n/a
Total reserves ranking
123/177
2024
n/a
Net foreign direct investment
-$77.6M
2024
-$4.14M
2025
Net inflows of foreign direct investment
$241M
2024
$8.07M
2024
Net outflows of foreign direct investment
$163M
2024
$16.4K
2024
Poverty at national poverty lines
9.3%
2020
5.5%
2023
Gross capital formation, % of GDP
26.8%
2024
29.9%
2024

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/kiribati | 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 (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, 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.