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Economy of Bahamas vs Lebanon compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $20.1B for Lebanon, ranking 140/197 and 128/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Bahamas vs Lebanon GDP by year

Bahamas
Lebanon
1x
Year GDP, current $
Bahamas Lebanon
2024 $15,832,800,000 -
2023 $15,271,300,000 $20,078,620,357
2022 $13,896,800,000 $20,992,421,949
2021 $12,037,000,000 $23,131,941,557
2020 $10,363,200,000 $31,712,128,254
2019 $13,277,000,000 $51,605,959,131
2018 $12,819,200,000 $54,901,519,156
2017 $12,446,900,000 $53,027,680,686
2016 $11,880,900,000 $51,147,308,774
2015 $11,837,600,000 $49,929,337,837
2014 $11,139,100,000 $48,095,213,747
2013 $10,475,300,000 $46,880,103,081
2012 $10,720,400,000 $44,016,799,516
2011 $10,070,450,000 $39,927,125,962
2010 $10,095,760,000 $38,443,907,042
2009 $9,981,960,000 $35,399,582,929
2008 $10,526,000,000 $29,118,916,105
2007 $10,618,340,000 $24,827,355,015
2006 $10,167,250,000 $22,022,709,851
2005 $9,836,200,000 $21,497,336,499
2004 $9,055,290,000 $21,159,827,992
2003 $8,870,090,000 $20,082,918,740
2002 $8,881,160,000 $19,152,238,806
2001 $8,317,830,000 $17,649,751,244
2000 $8,076,470,000 $17,260,364,842
1999 $7,683,870,000 $17,391,056,369
1998 $6,833,220,000 $17,247,179,006
1997 $6,332,360,000 $15,751,867,489
1996 $3,609,000,000 $13,690,217,334
1995 $3,429,000,000 $11,718,795,529
1994 $3,259,000,000 $9,599,127,050
1993 $3,092,000,000 $7,941,744,492
1992 $3,109,000,000 $5,843,579,161
1991 $3,111,160,000 $4,690,415,093
1990 $3,166,000,000 $2,838,485,354
1989 $3,062,000,000 $2,717,998,688
1988 $2,817,900,000 $3,313,540,068
1987 $2,713,999,900 -
1986 $2,472,500,000 -
1985 $2,320,699,900 -
1984 $2,041,100,000 -
1983 $1,732,800,000 -
1982 $1,578,300,000 -
1981 $1,426,500,000 -
1980 $1,335,300,000 -
1979 $1,139,800,100 -
1978 $832,400,000 -
1977 $713,000,000 -
1976 $642,100,000 -
1975 $596,200,000 -
1974 $632,400,000 -
1973 $670,900,000 -
1972 $590,900,000 -
1971 $573,400,000 -
1970 $539,500,000 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bahamas vs Lebanon by year

Bahamas
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 - -
2023 $38,232 $39,090 $3,478 $12,575
2022 $34,957 $36,791 $3,654 $12,293
2021 $30,368 $31,065 $4,045 $11,600
2020 $26,179 $27,205 $5,561 $16,260
2019 $33,640 $36,116 $8,906 $21,710
2018 $32,642 $35,228 $9,175 $21,985
2017 $31,875 $34,282 $8,608 $20,964
2016 $30,617 $32,285 $8,089 $18,941
2015 $30,719 $32,138 $7,714 $17,046
2014 $29,137 $31,726 $7,578 $16,140
2013 $27,643 $30,294 $8,162 $16,316
2012 $28,552 $31,036 $8,407 $16,121
2011 $27,091 $30,074 $7,835 $14,975
2010 $27,473 $29,625 $7,626 $14,704
2009 $27,513 $29,197 $7,091 $13,586
2008 $29,392 $30,679 $5,912 $12,416
2007 $30,052 $31,232 $5,125 $11,356
2006 $29,185 $30,402 $4,635 $10,312
2005 $28,602 $29,143 $4,602 $10,020
2004 $26,650 $27,660 $4,601 $9,609
2003 $26,429 $27,031 $4,438 $8,914
2002 $26,782 $27,171 $4,291 $8,586
2001 $25,372 $26,351 $4,010 $8,289
2000 $24,940 $25,422 $3,987 $7,938
1999 $24,041 $24,184 $4,087 $7,793
1998 $21,667 $22,556 $4,125 $7,861
1997 $20,368 $21,606 $3,834 $7,632
1996 $11,784 $21,287 $3,393 $7,560
1995 $11,375 $20,377 $2,959 $6,796
1994 $10,991 $19,441 $2,468 $6,367
1993 $10,613 $18,781 $2,079 $5,871
1992 $10,873 $18,636 $1,559 $5,279
1991 $11,082 $19,296 $1,278 $4,527
1990 $11,473 $19,817 $790 $2,990
1989 $11,291 - $771 -
1988 $10,576 - $959 -
1987 $10,361 - - -
1986 $9,601 - - -
1985 $9,167 - - -
1984 $8,202 - - -
1983 $7,081 - - -
1982 $6,559 - - -
1981 $6,029 - - -
1980 $5,743 - - -
1979 $4,994 - - -
1978 $3,720 - - -
1977 $3,253 - - -
1976 $2,993 - - -
1975 $2,841 - - -
1974 $3,080 - - -
1973 $3,341 - - -
1972 $3,014 - - -
1971 $3,004 - - -
1970 $2,916 - - -
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 (1960–2024, retrieved 2026-04-06).

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Lebanon ranks 123rd at $12,575.

Economic indicators

Bahamas Lebanon
Gross domestic product
$15.8B
2024
$20.1B
2023
GDP rank
140/197
2024
128/197
2023
GDP growth
3.38%
2023-2024
-0.76%
2022-2023
GDP per capita
$39,455
2024
$3,478
2023
GDP per capita rank
30/197
2024
135/197
2023
GDP per capita, PPP
$41,198
2024
$12,575
2023
GDP per capita PPP rank
57/197
2024
123/197
2023
Government debt
$11.5B
2024
$38.7B
2023
Debt-to-GDP ratio
72.5%
2024
163.8%
2024
Government debt per person
$28,616
2024
$6,704
2023
Government debt per person rank
25/185
2024
70/185
2023
Average annual personal income after taxes
$29,535
2026
$3,560
2026
Market capitalization of domestic companies n/a
$10.6B
2021
Number of billionaires n/a
6
2025
Income share by richest 10% n/a
25.1%
2022
Income share by poorest 10% n/a
2.8%
2022
Government expenditure, % of GDP
20.6%
2024
16.5%
2024
Consumer prices inflation
0.41%
2023-2024
45.2%
2023-2024
Central bank interest rate
4%
2016
20%
2023
Unemployment rate
8.65%
2023
11.3%
2019
Population
405203
5906622

Spending and national debt comparison by year

Bahamas
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Bahamas Lebanon
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 16.5% 163.8%
2023 22.2% 74.8% 14.9% 192.8%
2022 23.9% 79.1% 13.4% 244.6%
2021 26.9% 84.5% 10.9% 358%
2020 28.2% 81.9% 23.2% 148.7%
2019 19.9% 59.3% 31.3% 172.1%
2018 19.2% 60.6% 32.3% 155.1%
2017 22.5% 53.4% 30.6% 150%
2016 19.4% 51% 28.3% 146.4%
2015 17.9% 48.5% 26.7% 140.8%
2014 17.6% 46.3% 28.8% 138.4%
2013 18.4% 44.8% 28.9% 135.4%
2012 16.5% 36.4% 30.2% 131.1%
2011 17.1% 35.3% 28.8% 134.4%
2010 15.3% 33.7% 29.2% 136.8%
2009 15.6% 30.9% 32.1% 144.5%
2008 14.4% 25.5% 34.3% 161.5%
2007 13.3% 23% 35.2% 169.3%
2006 13% 22.8% 36.1% 183.3%
2005 12.3% 22% 31.4% 178.9%
2004 12.4% 21.4% 33.3% 169.5%
2003 11.8% 20.9% 36.4% 171.3%
2002 11.3% 18.8% 36.8% 163.1%
2001 11.2% 18.2% 38.9% 163.1%
2000 11.3% 18.7% 42.8% 148.1%
1999 8.78% 18.7% 35.6% 130.2%
1998 11.6% 20% 34.7% 108.2%
1997 12.5% 20.8% 40.5% 100.2%
1996 11.2% 20.2% 43.6% 101.2%
1995 11.2% 20.5% 31.1% 79.6%
1994 11.4% 20.4% 47.3% 71.5%
1993 11.5% 19.8% 23% 50.5%
1992 11.8% 17.9% 36.1% 51.7%
1991 12% 15.4% 35.6% 67.1%
1990 11.4% 13.2% 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 163.8% in Lebanon, ranking 53/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Lebanon
1x
Year Deficit/surplus, % of GDP
Bahamas Lebanon
2024 -1.18% -0.19%
2023 -3.49% -1.7%
2022 -5.16% -7.77%
2021 -11.1% -2.67%
2020 -8.09% -7.37%
2019 -1.65% -10.5%
2018 -3.24% -11.3%
2017 -5.92% -8.65%
2016 -2.61% -8.88%
2015 -3.24% -7.48%
2014 -4.38% -6.22%
2013 -5.16% -8.82%
2012 -3.15% -8.43%
2011 -2.87% -5.94%
2010 -2.56% -7.47%
2009 -2.45% -8.1%
2008 -0.83% -9.86%
2007 -0.76% -10.9%
2006 -0.43% -10.6%
2005 -1.11% -8.57%
2004 -1.93% -9.83%
2003 -1.63% -14%
2002 -1.62% -16.2%
2001 0.3% -21%
2000 0.09% -23.9%
1999 1.68% -16.7%
1998 -0.41% -17.3%
1997 -1.56% -24.5%
1996 -0.15% -25.7%
1995 0.18% -13.6%
1994 -0.39% -29.1%
1993 -1.05% -7.19%
1992 -2.23% -24%
1991 -2.29% -19.5%
1990 -2.64% -30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2023, the Bahamas' government deficit, the difference between spending and revenue, was $533M, equivalent to 3.49% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 34 years, the Bahamas recorded a fiscal deficit in 30 of those years, while Lebanon ran a deficit in 34 years. On average, the Bahamas posted an annual deficit equal to 2.41% of GDP, compared to deficit of 13.1% of GDP for Lebanon.

Inflation comparison by year

Inflation
Bahamas

Lebanon
1x
Year Consumer prices inflation
Bahamas Lebanon
2024 0.41% 45.2%
2023 3.05% 221.3%
2022 5.61% 171.2%
2021 2.9% 154.8%
2020 0.04% 84.9%
2019 2.49% 2.9%
2018 2.27% 6.1%
2017 1.52% 4.5%
2016 -0.35% -0.8%
2015 1.86% -3.8%
2014 1.51% 1.1%
2013 0.72% 5.6%
2012 1.97% 6.6%
2011 3.2% 5%
2010 1.34% 4%
2009 2.06% 1.2%
2008 4.49% 10.7%
2007 2.49% 4.1%
2006 2.39% 4.1%
2005 1.59% -1.4%
2004 0.98% 1.7%
2003 3.03% 1.3%
2002 2.17% 1.8%
2001 2.04% -0.4%
2000 1.61% -0.4%
1999 1.25% 0.2%
1998 1.34% 4.5%
1997 0.54% 7.7%

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/lebanon | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 26.6% in Lebanon. In 2024, inflation was 0.41% in the Bahamas and 45.2% in Lebanon.

Top exports between countries

Bahamas
Export category Export value
Chemicals & pharma $20K
Lebanon
Export category Export value
Textiles & consumer goods $116K
Wood & paper products $102K

Balance of trade

Bahamas Lebanon
Current account balance
-$1.05B
2024
-$5.64B
2023
Current account balance ranking
127/190
2024
168/190
2023
Current account balance, % of GDP
-6.65%
2024
-28.1%
2023
Goods imports
$4.6B
2024
$16.7B
2023
Goods exports
$874M
2024
$3.85B
2023
Service imports
$2.47B
2024
$6.63B
2023
Service exports
$5.9B
2024
$7.92B
2023
Imports of goods and services, % of GDP
41.5%
2024
73.7%
2023
Exports of goods and services, % of GDP
37.8%
2024
30.6%
2023

Economic freedom indices

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

Bahamas Lebanon
Economic freedom 65.1 43.1
Economic freedom ranking 66/197 183/197
Property rights 62.7 21.8
Government integrity 67.1 23.4
Judicial effectiveness 79.8 23.8
Tax burden 96.1 90.3
Government spending 83.8 93.3
Fiscal health 9.1 63.4
Business freedom 69.4 47.6
Labor freedom 66.5 48.4
Monetary freedom 77.2 0
Trade freedom 59.4 65.6
Investment freedom 50 20
Financial freedom 60 20

Economic freedom comparison by year

Bahamas
Lebanon
1x
Year Economic freedom index
Bahamas Lebanon
2026 65.1 43.1
2025 63.2 44.1
2024 62.5 48.3
2023 62.6 45.6
2022 68.7 47.3
2021 64.6 51.4
2020 64.5 51.7
2019 62.9 51.1
2018 63.3 53.2
2017 61.1 53.3
2016 70.9 59.5
2015 68.7 59.3
2014 69.8 59.4
2013 70.1 59.5
2012 68 60.1
2011 68 60.1
2010 67.3 59.5
2009 70.3 58.1
2008 71.1 60
2007 72 60.4
2006 72.3 57.5
2005 72.6 57.2
2004 72.1 56.9
2003 73.5 56.7
2002 74.4 57.1
2001 74.8 61
2000 73.9 56.1
1999 74.7 59.1
1998 74.5 59
1997 74.5 63.9
1996 74 63.2
1995 71.8 -

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Lebanon
Services, % of GDP
77.2%
2024
42.4%
2023
Industry, % of GDP
9.63%
2024
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
0.97%
2023
GNI, Atlas method
$14.9B
2024
$21.4B
2023
GNI per capita, PPP
$39,550
2024
$12,420
2023
Total reserves including gold
$2.51B
2023
$33.3B
2024
Total reserves ranking
122/177
2023
54/177
2024
Net foreign direct investment
-$77.6M
2024
-$583M
2023
Net inflows of foreign direct investment
$241M
2024
$1.84B
2024
Net outflows of foreign direct investment
$163M
2024
$391M
2024
Servicing debt to the IMF, % of GNI n/a
22%
2023
Poverty at national poverty lines
9.3%
2020
27.4%
2012
Gross capital formation, % of GDP
26.8%
2024
1.9%
2023

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/lebanon | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  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.