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Economy of Bahamas vs Mali compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $26.8B for Mali, ranking 140/197 and 113/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Bahamas vs Mali GDP by year

Bahamas
Mali
1x
Year GDP, current $
Bahamas Mali
2024 $15,832,800,000 $26,794,747,240
2023 $15,271,300,000 $24,813,860,599
2022 $13,896,800,000 $22,539,987,719
2021 $12,037,000,000 $22,999,245,263
2020 $10,363,200,000 $20,698,560,939
2019 $13,277,000,000 $20,477,421,885
2018 $12,819,200,000 $20,368,015,381
2017 $12,446,900,000 $18,308,362,040
2016 $11,880,900,000 $16,743,796,800
2015 $11,837,600,000 $15,583,181,170
2014 $11,139,100,000 $17,081,681,993
2013 $10,475,300,000 $15,747,192,681
2012 $10,720,400,000 $14,795,114,603
2011 $10,070,450,000 $15,452,791,789
2010 $10,095,760,000 $12,710,739,159
2009 $9,981,960,000 $12,155,217,833
2008 $10,526,000,000 $11,462,490,840
2007 $10,618,340,000 $9,699,047,443
2006 $10,167,250,000 $8,212,007,554
2005 $9,836,200,000 $7,429,066,951
2004 $9,055,290,000 $6,485,774,930
2003 $8,870,090,000 $5,605,613,011
2002 $8,881,160,000 $4,647,238,257
2001 $8,317,830,000 $4,124,281,594
2000 $8,076,470,000 $3,521,570,876
1999 $7,683,870,000 $4,091,446,054
1998 $6,833,220,000 $3,894,433,432
1997 $6,332,360,000 $3,414,879,486
1996 $3,609,000,000 $3,743,103,420
1995 $3,429,000,000 $3,373,322,735
1994 $3,259,000,000 $2,655,768,636
1993 $3,092,000,000 $3,632,801,877
1992 $3,109,000,000 $3,680,775,037
1991 $3,111,160,000 $3,576,562,682
1990 $3,166,000,000 $3,248,417,791
1989 $3,062,000,000 $2,824,822,489
1988 $2,817,900,000 $2,712,207,901
1987 $2,713,999,900 $2,437,004,680
1986 $2,472,500,000 $2,132,938,007
1985 $2,320,699,900 $1,594,347,021
1984 $2,041,100,000 $1,387,809,615
1983 $1,732,800,000 $1,496,616,127
1982 $1,578,300,000 $1,680,304,773
1981 $1,426,500,000 $2,234,583,940
1980 $1,335,300,000 $2,704,362,789
1979 $1,139,800,100 $1,595,422,956
1978 $832,400,000 $1,222,702,573
1977 $713,000,000 $1,049,838,548
1976 $642,100,000 $939,228,017
1975 $596,200,000 $830,710,615
1974 $632,400,000 $538,747,340
1973 $670,900,000 $563,683,703
1972 $590,900,000 $486,617,280
1971 $573,400,000 $395,218,629
1970 $539,500,000 $359,772,315
1969 $538,700,000 $339,913,867
1968 $453,800,000 $343,771,973
1967 $398,000,000 $275,494,478
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/mali | CC BY

GDP per capita in Bahamas vs Mali by year

Bahamas
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $1,095 $3,315
2023 $38,232 $39,090 $1,044 $3,175
2022 $34,957 $36,791 $977 $3,014
2021 $30,368 $31,065 $1,027 $2,796
2020 $26,179 $27,205 $953 $2,724
2019 $33,640 $36,116 $972 $2,820
2018 $32,642 $35,228 $996 $2,684
2017 $31,875 $34,282 $924 $2,607
2016 $30,617 $32,285 $872 $2,532
2015 $30,719 $32,138 $838 $2,330
2014 $29,137 $31,726 $948 $2,185
2013 $27,643 $30,294 $902 $2,059
2012 $28,552 $31,036 $873 $1,990
2011 $27,091 $30,074 $938 $2,046
2010 $27,473 $29,625 $797 $2,012
2009 $27,513 $29,197 $787 $1,945
2008 $29,392 $30,679 $767 $1,893
2007 $30,052 $31,232 $671 $1,852
2006 $29,185 $30,402 $587 $1,832
2005 $28,602 $29,143 $549 $1,771
2004 $26,650 $27,660 $495 $1,730
2003 $26,429 $27,031 $442 $1,715
2002 $26,782 $27,171 $378 $1,581
2001 $25,372 $26,351 $346 $1,559
2000 $24,940 $25,422 $305 $1,357
1999 $24,041 $24,184 $364 $1,376
1998 $21,667 $22,556 $357 $1,332
1997 $20,368 $21,606 $321 $1,267
1996 $11,784 $21,287 $360 $1,224
1995 $11,375 $20,377 $331 $1,154
1994 $10,991 $19,441 $266.5 $1,147
1993 $10,613 $18,781 $372 $1,087
1992 $10,873 $18,636 $385 $1,039
1991 $11,082 $19,296 $382 $1,091
1990 $11,473 $19,817 $354 $956
1989 $11,291 - $314 -
1988 $10,576 - $307 -
1987 $10,361 - $280.7 -
1986 $9,601 - $250 -
1985 $9,167 - $190.4 -
1984 $8,202 - $169.1 -
1983 $7,081 - $186.3 -
1982 $6,559 - $213.8 -
1981 $6,029 - $290.5 -
1980 $5,743 - $359 -
1979 $4,994 - $216.3 -
1978 $3,720 - $169.1 -
1977 $3,253 - $148.1 -
1976 $2,993 - $134.9 -
1975 $2,841 - $121.5 -
1974 $3,080 - $80.2 -
1973 $3,341 - $85.4 -
1972 $3,014 - $75.1 -
1971 $3,004 - $62 -
1970 $2,916 - $57.3 -
1969 $3,027 - $55 -
1968 $2,668 - $56.5 -
1967 $2,453 - $46 -
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/mali | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Mali ranks 174th at $3,315.

Economic indicators

Bahamas Mali
Gross domestic product
$15.8B
2024
$26.8B
2024
GDP rank
140/197
2024
113/197
2024
GDP growth
3.38%
2023-2024
4.99%
2023-2024
GDP per capita
$39,455
2024
$1,095
2024
GDP per capita rank
30/197
2024
173/197
2024
GDP per capita, PPP
$41,198
2024
$3,315
2024
GDP per capita PPP rank
57/197
2024
174/197
2024
Government debt
$11.5B
2024
$13.9B
2024
Debt-to-GDP ratio
72.5%
2024
51.7%
2024
Government debt per person
$28,616
2024
$566
2024
Government debt per person rank
25/185
2024
161/185
2024
Average annual personal income after taxes
$29,535
2026
$1,463
2026
Income share by richest 10% n/a
28.3%
2021
Income share by poorest 10% n/a
3.2%
2021
Government expenditure, % of GDP
20.6%
2024
24.7%
2024
Consumer prices inflation
0.41%
2023-2024
3.2%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
5.45%
2023
Population
405203
26143152

Spending and national debt comparison by year

Bahamas
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Bahamas Mali
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 24.7% 51.7%
2023 22.2% 74.8% 24.8% 51.9%
2022 23.9% 79.1% 24.4% 50.3%
2021 26.9% 84.5% 26.9% 51.6%
2020 28.2% 81.9% 26.1% 47.3%
2019 19.9% 59.3% 23.1% 40.7%
2018 19.2% 60.6% 20.3% 37.5%
2017 22.5% 53.4% 22.9% 38.2%
2016 19.4% 51% 22.3% 37.2%
2015 17.9% 48.5% 20.9% 30.7%
2014 17.6% 46.3% 20% 26.9%
2013 18.4% 44.8% 19.8% 26.4%
2012 16.5% 36.4% 15.5% 25.4%
2011 17.1% 35.3% 20.6% 24%
2010 15.3% 33.7% 20.3% 25.3%
2009 15.6% 30.9% 22.8% 21.9%
2008 14.4% 25.5% 18.8% 20.1%
2007 13.3% 23% 21.5% 18.5%
2006 13% 22.8% 22.1% 18.1%
2005 12.3% 22% 21.6% 46.6%
2004 12.4% 21.4% 21.8% 42.4%
2003 11.8% 20.9% 20.8% 44.1%
2002 11.3% 18.8% 19.9% 42.6%
2001 11.2% 18.2% 18.3% 77.5%
2000 11.3% 18.7% 19.4% 90.5%
1999 8.78% 18.7% - -
1998 11.6% 20% - -
1997 12.5% 20.8% - -
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/mali | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 51.7% in Mali, ranking 53/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Mali
1x
Year Deficit/surplus, % of GDP
Bahamas Mali
2024 -1.18% -2.57%
2023 -3.49% -3.57%
2022 -5.16% -4.75%
2021 -11.1% -4.91%
2020 -8.09% -5.42%
2019 -1.65% -1.68%
2018 -3.24% -4.74%
2017 -5.92% -2.86%
2016 -2.61% -3.95%
2015 -3.24% -1.82%
2014 -4.38% -2.89%
2013 -5.16% -2.37%
2012 -3.15% -0.96%
2011 -2.87% -3.42%
2010 -2.56% -2.57%
2009 -2.45% -3.71%
2008 -0.83% -1.97%
2007 -0.76% -2.78%
2006 -0.43% 27.8%
2005 -1.11% -2.76%
2004 -1.93% -2.36%
2003 -1.63% -1.19%
2002 -1.62% -3.09%
2001 0.3% -2.8%
2000 0.09% -2.64%
1999 1.68% -
1998 -0.41% -
1997 -1.56% -
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/mali | 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 Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, the Bahamas recorded a fiscal deficit in 23 of those years, while Mali ran a deficit in 24 years. On average, the Bahamas posted an annual deficit equal to 2.97% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Bahamas

Mali
1x
Year Consumer prices inflation
Bahamas Mali
2024 0.41% 3.2%
2023 3.05% 2.1%
2022 5.61% 9.7%
2021 2.9% 3.8%
2020 0.04% 0.5%
2019 2.49% -3%
2018 2.27% 1.9%
2017 1.52% 2.4%
2016 -0.35% -1.8%
2015 1.86% 1.4%
2014 1.51% 0.9%
2013 0.72% -0.6%
2012 1.97% 5.3%
2011 3.2% 3%
2010 1.34% 1.2%
2009 2.06% 2.4%
2008 4.49% 9.2%
2007 2.49% 1.4%
2006 2.39% 1.6%
2005 1.59% 6.4%
2004 0.98% -3.1%
2003 3.03% -1.3%
2002 2.17% 5%
2001 2.04% 5.2%
2000 1.61% -0.8%
1999 1.25% -1.2%
1998 1.34% 4.1%
1997 0.54% -0.7%

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/mali | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.08% in Mali. In 2024, inflation was 0.41% in the Bahamas and 3.2% in Mali.

Top exports between countries

Bahamas
Export category Export value
Metals $3K
Mali
Export category Export value

Balance of trade

Bahamas Mali
Current account balance
-$1.05B
2024
-$1.61B
2023
Current account balance ranking
127/190
2024
136/190
2023
Current account balance, % of GDP
-6.65%
2024
-6.49%
2023
Goods imports
$4.6B
2024
$5.73B
2023
Goods exports
$874M
2024
$5.65B
2023
Service imports
$2.47B
2024
$2.34B
2023
Service exports
$5.9B
2024
$475M
2023
Imports of goods and services, % of GDP
41.5%
2024
27.3%
2024
Exports of goods and services, % of GDP
37.8%
2024
22.6%
2024

Economic freedom indices

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

Bahamas Mali
Economic freedom 65.1 52.1
Economic freedom ranking 66/197 150/197
Property rights 62.7 13.8
Government integrity 67.1 23.2
Judicial effectiveness 79.8 23.3
Tax burden 96.1 67.9
Government spending 83.8 81.8
Fiscal health 9.1 73.6
Business freedom 69.4 40.8
Labor freedom 66.5 54.1
Monetary freedom 77.2 78.2
Trade freedom 59.4 64
Investment freedom 50 65
Financial freedom 60 40

Economic freedom comparison by year

Bahamas
Mali
1x
Year Economic freedom index
Bahamas Mali
2026 65.1 52.1
2025 63.2 52.6
2024 62.5 52.5
2023 62.6 54.5
2022 68.7 55.9
2021 64.6 55.6
2020 64.5 55.9
2019 62.9 58.1
2018 63.3 57.6
2017 61.1 58.6
2016 70.9 56.5
2015 68.7 56.4
2014 69.8 55.5
2013 70.1 56.4
2012 68 55.8
2011 68 56.3
2010 67.3 55.6
2009 70.3 55.6
2008 71.1 55.6
2007 72 54.7
2006 72.3 54.1
2005 72.6 57.3
2004 72.1 56.6
2003 73.5 58.6
2002 74.4 61.1
2001 74.8 60.1
2000 73.9 60.3
1999 74.7 58.4
1998 74.5 57.3
1997 74.5 56.4
1996 74 57
1995 71.8 52.4

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Mali
Services, % of GDP
77.2%
2024
36.3%
2024
Industry, % of GDP
9.63%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
33.3%
2024
GNI, Atlas method
$14.9B
2024
$25.2B
2024
GNI per capita, PPP
$39,550
2024
$3,230
2024
Total reserves including gold
$2.51B
2023
n/a
Total reserves ranking
122/177
2023
n/a
Net foreign direct investment
-$77.6M
2024
-$673M
2023
Net inflows of foreign direct investment
$241M
2024
$921M
2024
Net outflows of foreign direct investment
$163M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI n/a
1.41%
2024
Poverty at national poverty lines
9.3%
2020
43.3%
2024
Gross capital formation, % of GDP
26.8%
2024
19.5%
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/mali | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. TradeMap (2021, retrieved 2026-02-08)

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.

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.