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Economy of Bahamas vs Lithuania compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $84.9B for Lithuania, ranking 140/197 and 79/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Bahamas vs Lithuania GDP by year

Bahamas
Lithuania
1x
Year GDP, current $
Bahamas Lithuania
2024 $15,832,800,000 $84,869,215,513
2023 $15,271,300,000 $79,789,877,416
2022 $13,896,800,000 $71,033,884,500
2021 $12,037,000,000 $67,037,321,009
2020 $10,363,200,000 $57,412,038,533
2019 $13,277,000,000 $55,122,066,226
2018 $12,819,200,000 $54,261,795,149
2017 $12,446,900,000 $47,756,764,508
2016 $11,880,900,000 $42,970,749,245
2015 $11,837,600,000 $41,540,954,817
2014 $11,139,100,000 $48,306,546,657
2013 $10,475,300,000 $46,303,660,422
2012 $10,720,400,000 $42,709,372,067
2011 $10,070,450,000 $43,186,501,863
2010 $10,095,760,000 $36,638,128,534
2009 $9,981,960,000 $37,494,380,039
2008 $10,526,000,000 $47,831,254,208
2007 $10,618,340,000 $39,729,151,615
2006 $10,167,250,000 $30,116,192,747
2005 $9,836,200,000 $26,105,207,115
2004 $9,055,290,000 $22,743,164,431
2003 $8,870,090,000 $18,809,197,970
2002 $8,881,160,000 $14,282,292,665
2001 $8,317,830,000 $12,260,761,329
2000 $8,076,470,000 $11,550,695,727
1999 $7,683,870,000 $11,022,095,814
1998 $6,833,220,000 $11,289,161,847
1997 $6,332,360,000 $10,168,271,903
1996 $3,609,000,000 $8,430,207,164
1995 $3,429,000,000 $7,921,210,340
1994 $3,259,000,000 -
1993 $3,092,000,000 -
1992 $3,109,000,000 -
1991 $3,111,160,000 -
1990 $3,166,000,000 -
1989 $3,062,000,000 -
1988 $2,817,900,000 -
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/lithuania | CC BY

GDP per capita in Bahamas vs Lithuania by year

Bahamas
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $29,384 $55,286
2023 $38,232 $39,090 $27,786 $52,348
2022 $34,957 $36,791 $25,086 $50,936
2021 $30,368 $31,065 $23,870 $45,874
2020 $26,179 $27,205 $20,429 $41,263
2019 $33,640 $36,116 $19,609 $40,564
2018 $32,642 $35,228 $19,247 $36,492
2017 $31,875 $34,282 $16,800 $31,305
2016 $30,617 $32,285 $14,934 $28,699
2015 $30,719 $32,138 $14,270 $26,949
2014 $29,137 $31,726 $16,446 $26,275
2013 $27,643 $30,294 $15,637 $24,890
2012 $28,552 $31,036 $14,288 $23,275
2011 $27,091 $30,074 $14,262 $21,558
2010 $27,473 $29,625 $11,829 $18,719
2009 $27,513 $29,197 $11,854 $17,055
2008 $29,392 $30,679 $14,956 $19,410
2007 $30,052 $31,232 $12,295 $17,969
2006 $29,185 $30,402 $9,210 $15,522
2005 $28,602 $29,143 $7,857 $13,951
2004 $26,650 $27,660 $6,735 $12,605
2003 $26,429 $27,031 $5,507 $11,660
2002 $26,782 $27,171 $4,148 $10,296
2001 $25,372 $26,351 $3,533 $9,399
2000 $24,940 $25,422 $3,301 $8,475
1999 $24,041 $24,184 $3,128 $7,918
1998 $21,667 $22,556 $3,181 $7,846
1997 $20,368 $21,606 $2,844 $7,167
1996 $11,784 $21,287 $2,341 $6,479
1995 $11,375 $20,377 $2,183 $6,023
1994 $10,991 $19,441 - $5,667
1993 $10,613 $18,781 - $6,107
1992 $10,873 $18,636 - $7,087
1991 $11,082 $19,296 - $8,790
1990 $11,473 $19,817 - $9,030
1989 $11,291 - - -
1988 $10,576 - - -
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/lithuania | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Lithuania ranks 39th at $55,286.

Economic indicators

Bahamas Lithuania
Gross domestic product
$15.8B
2024
$84.9B
2024
GDP rank
140/197
2024
79/197
2024
GDP growth
3.38%
2023-2024
2.77%
2023-2024
GDP per capita
$39,455
2024
$29,384
2024
GDP per capita rank
30/197
2024
43/197
2024
GDP per capita, PPP
$41,198
2024
$55,286
2024
GDP per capita PPP rank
57/197
2024
39/197
2024
Government debt
$11.5B
2024
$32.4B
2024
Debt-to-GDP ratio
72.5%
2024
38.2%
2024
Government debt per person
$28,616
2024
$11,232
2024
Government debt per person rank
25/185
2024
49/185
2024
Average annual personal income after taxes
$29,535
2026
$19,946
2026
Income share by richest 10% n/a
27.3%
2023
Income share by poorest 10% n/a
2.2%
2023
Government expenditure, % of GDP
20.6%
2024
39.5%
2024
Consumer prices inflation
0.41%
2023-2024
0.72%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
7.1%
2024
Population
405203
2829914

Spending and national debt comparison by year

Bahamas
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Bahamas Lithuania
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 39.5% 38.2%
2023 22.2% 74.8% 37.4% 37.3%
2022 23.9% 79.1% 36.3% 38.1%
2021 26.9% 84.5% 37.3% 43.3%
2020 28.2% 81.9% 42.4% 45.9%
2019 19.9% 59.3% 34.6% 35.6%
2018 19.2% 60.6% 33.8% 33.3%
2017 22.5% 53.4% 33.4% 39.3%
2016 19.4% 51% 34.5% 40%
2015 17.9% 48.5% 35.2% 42.6%
2014 17.6% 46.3% 35% 40.7%
2013 18.4% 44.8% 35.7% 38.9%
2012 16.5% 36.4% 36.6% 39.9%
2011 17.1% 35.3% 40.1% 37.5%
2010 15.3% 33.7% 43% 36.7%
2009 15.6% 30.9% 44.8% 27.9%
2008 14.4% 25.5% 38.2% 14.6%
2007 13.3% 23% 35.3% 15.9%
2006 13% 22.8% 34.4% 17.3%
2005 12.3% 22% 34.1% 17.6%
2004 12.4% 21.4% 33.9% 18.6%
2003 11.8% 20.9% 32.8% 20.4%
2002 11.3% 18.8% 34.4% 22.1%
2001 11.2% 18.2% 36.5% 22.9%
2000 11.3% 18.7% 38.7% 23.5%
1999 8.78% 18.7% 42.4% 28%
1998 11.6% 20% 39.6% 21.7%
1997 12.5% 20.8% 35% -
1996 11.2% 20.2% 34.4% -
1995 11.2% 20.5% 35.5% -
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/lithuania | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 38.2% in Lithuania, ranking 53/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Lithuania
1x
Year Deficit/surplus, % of GDP
Bahamas Lithuania
2024 -1.18% -1.28%
2023 -3.49% -0.69%
2022 -5.16% -0.72%
2021 -11.1% -1.15%
2020 -8.09% -6.42%
2019 -1.65% 0.41%
2018 -3.24% 0.52%
2017 -5.92% 0.36%
2016 -2.61% 0.03%
2015 -3.24% -0.77%
2014 -4.38% -1.79%
2013 -5.16% -2.69%
2012 -3.15% -3.15%
2011 -2.87% -5.92%
2010 -2.56% -6.95%
2009 -2.45% -9.09%
2008 -0.83% -3.09%
2007 -0.76% -0.82%
2006 -0.43% -0.27%
2005 -1.11% -0.34%
2004 -1.93% -1.39%
2003 -1.63% -1.26%
2002 -1.62% -1.85%
2001 0.3% -3.52%
2000 0.09% -3.18%
1999 1.68% -7.82%
1998 -0.41% -4.93%
1997 -1.56% -0.76%
1996 -0.15% -3.59%
1995 0.18% -3.31%
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/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, the Bahamas recorded a fiscal deficit in 26 of those years, while Lithuania ran a deficit in 26 years. On average, the Bahamas posted an annual deficit equal to 2.48% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Bahamas

Lithuania
1x
Year Consumer prices inflation
Bahamas Lithuania
2024 0.41% 0.72%
2023 3.05% 9.12%
2022 5.61% 19.7%
2021 2.9% 4.68%
2020 0.04% 1.2%
2019 2.49% 2.33%
2018 2.27% 2.7%
2017 1.52% 3.72%
2016 -0.35% 0.91%
2015 1.86% -0.88%
2014 1.51% 0.1%
2013 0.72% 1.05%
2012 1.97% 3.09%
2011 3.2% 4.13%
2010 1.34% 1.32%
2009 2.06% 4.45%
2008 4.49% 10.9%
2007 2.49% 5.74%
2006 2.39% 3.74%
2005 1.59% 2.66%
2004 0.98% 1.16%
2003 3.03% -1.13%
2002 2.17% 0.28%
2001 2.04% 1.37%
2000 1.61% 0.98%
1999 1.25% 0.73%
1998 1.34% 5.07%
1997 0.54% 8.88%

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

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 3.53% in Lithuania. In 2024, inflation was 0.41% in the Bahamas and 0.72% in Lithuania.

Top exports between countries

Bahamas
Export category Export value
Lithuania
Export category Export value
Raw materials & minerals $39M
Miscellaneous $289K
Processed food, beverages & tobacco $206K
Textiles & consumer goods $77K
Machinery & equipment $70K
Metals $49K
Animal & marine products $29K
Wood & paper products $3K
Chemicals & pharma $2K

Balance of trade

Bahamas Lithuania
Current account balance
-$1.05B
2024
$2.77B
2024
Current account balance ranking
127/190
2024
41/190
2024
Current account balance, % of GDP
-6.65%
2024
+3.27%
2024
Goods imports
$4.6B
2024
$43.8B
2024
Goods exports
$874M
2024
$38.9B
2024
Service imports
$2.47B
2024
$14.7B
2024
Service exports
$5.9B
2024
$24.3B
2024
Imports of goods and services, % of GDP
41.5%
2024
68.9%
2024
Exports of goods and services, % of GDP
37.8%
2024
74.1%
2024

Economic freedom indices

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

Bahamas Lithuania
Economic freedom 65.1 75.3
Economic freedom ranking 66/197 18/197
Property rights 62.7 91.8
Government integrity 67.1 71.4
Judicial effectiveness 79.8 73.2
Tax burden 96.1 76.2
Government spending 83.8 57.3
Fiscal health 9.1 95.8
Business freedom 69.4 84.2
Labor freedom 66.5 58.1
Monetary freedom 77.2 76.7
Trade freedom 59.4 79.4
Investment freedom 50 70
Financial freedom 60 70

Economic freedom comparison by year

Bahamas
Lithuania
1x
Year Economic freedom index
Bahamas Lithuania
2026 65.1 75.3
2025 63.2 74.6
2024 62.5 72.9
2023 62.6 72.2
2022 68.7 75.8
2021 64.6 76.9
2020 64.5 76.7
2019 62.9 74.2
2018 63.3 75.3
2017 61.1 75.8
2016 70.9 75.2
2015 68.7 74.7
2014 69.8 73
2013 70.1 72.1
2012 68 71.5
2011 68 71.3
2010 67.3 70.3
2009 70.3 70
2008 71.1 70.9
2007 72 71.5
2006 72.3 71.8
2005 72.6 70.5
2004 72.1 72.4
2003 73.5 69.7
2002 74.4 66.1
2001 74.8 65.5
2000 73.9 61.9
1999 74.7 61.5
1998 74.5 59.4
1997 74.5 57.3
1996 74 49.7
1995 71.8 -

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Lithuania
Services, % of GDP
77.2%
2024
63.6%
2024
Industry, % of GDP
9.63%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
2.57%
2024
GNI, Atlas method
$14.9B
2024
$78.4B
2024
GNI per capita, PPP
$39,550
2024
$53,920
2024
Total reserves including gold
$2.51B
2023
$7.41B
2024
Total reserves ranking
122/177
2023
86/177
2024
Net foreign direct investment
-$77.6M
2024
-$3.91B
2024
Net inflows of foreign direct investment
$241M
2024
$4.7B
2024
Net outflows of foreign direct investment
$163M
2024
$795M
2024
Poverty at national poverty lines
9.3%
2020
20.9%
2021
Gross capital formation, % of GDP
26.8%
2024
20.4%
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/lithuania | 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 (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.

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.