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Economy of Bahamas vs Montenegro compared: GDP & Debt

Updated on by Georank

The Bahamas has a GDP of $15.8B compared to $9.23B for Montenegro, ranking 145/197 and 155/197 by economy size, respectively.

The Bahamas has $11.7B in government debt (73.8% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Bahamas vs Montenegro GDP by year

Bahamas
Montenegro
1x
Year GDP, current $
Bahamas Montenegro
2025 - $9,232,801,465
2024 $15,832,800,000 $8,274,290,506
2023 $15,271,300,000 $7,643,318,276
2022 $13,896,800,000 $6,259,721,790
2021 $12,037,000,000 $5,822,908,964
2020 $10,363,200,000 $4,734,192,593
2019 $13,277,000,000 $5,483,622,632
2018 $12,819,200,000 $5,433,469,311
2017 $12,446,900,000 $4,803,964,684
2016 $11,880,900,000 $4,357,467,226
2015 $11,837,600,000 $4,010,884,107
2014 $11,139,100,000 $4,579,635,404
2013 $10,475,300,000 $4,422,097,042
2012 $10,720,400,000 $4,071,828,832
2011 $10,070,450,000 $4,507,127,585
2010 $10,095,760,000 $4,136,936,244
2009 $9,981,960,000 $4,159,063,347
2008 $10,526,000,000 $4,559,410,049
2007 $10,618,340,000 $3,682,586,459
2006 $10,167,250,000 $2,719,979,875
2005 $9,836,200,000 $2,258,016,380
2004 $9,055,290,000 $2,077,046,942
2003 $8,870,090,000 $1,708,196,981
2002 $8,881,160,000 $1,286,314,054
2001 $8,317,830,000 $1,159,869,246
2000 $8,076,470,000 $984,293,044
1999 $7,683,870,000 $828,950,327
1998 $6,833,220,000 $854,261,161
1997 $6,332,360,000 $838,288,806
1996 $3,609,000,000 -
1995 $3,429,000,000 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bahamas vs Montenegro by year

Bahamas
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $14,817 -
2024 $39,455 $41,198 $13,270 $34,063
2023 $38,232 $39,090 $12,258 $31,863
2022 $34,957 $36,791 $10,038 $28,050
2021 $30,368 $31,065 $9,316 $23,690
2020 $26,179 $27,205 $7,555 $20,625
2019 $33,640 $36,116 $8,749 $23,706
2018 $32,642 $35,228 $8,674 $21,084
2017 $31,875 $34,282 $7,674 $19,357
2016 $30,617 $32,285 $6,968 $18,030
2015 $30,719 $32,138 $6,421 $16,092
2014 $29,137 $31,726 $7,342 $15,276
2013 $27,643 $30,294 $7,103 $14,692
2012 $28,552 $31,036 $6,552 $13,793
2011 $27,091 $30,074 $7,266 $14,347
2010 $27,473 $29,625 $6,679 $13,612
2009 $27,513 $29,197 $6,727 $12,976
2008 $29,392 $30,679 $7,390 $13,802
2007 $30,052 $31,232 $5,979 $12,452
2006 $29,185 $30,402 $4,423 $10,440
2005 $28,602 $29,143 $3,676 $8,314
2004 $26,650 $27,660 $3,386 $7,841
2003 $26,429 $27,031 $2,790 $7,340
2002 $26,782 $27,171 $2,109 $7,100
2001 $25,372 $26,351 $1,910 $6,772
2000 $24,940 $25,422 $1,627 $6,004
1999 $24,041 $24,184 $1,368 $5,684
1998 $21,667 $22,556 $1,406 $6,170
1997 $20,368 $21,606 $1,375 $5,798
1996 $11,784 $21,287 - -
1995 $11,375 $20,377 - -
1994 $10,991 $19,441 - -
1993 $10,613 $18,781 - -
1992 $10,873 $18,636 - -
1991 $11,082 $19,296 - -
1990 $11,473 $19,817 - -
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 (1960–2025, retrieved 2026-07-08).

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Montenegro ranks 65th at $34,063.

Economic indicators

Bahamas Montenegro
Gross domestic product
$15.8B
2024
$9.23B
2025
GDP rank
145/197
2024
155/197
2025
GDP growth
3.38%
2023-2024
2.74%
2024-2025
GDP per capita
$39,455
2024
$14,817
2025
GDP per capita rank
30/197
2024
71/197
2025
GDP per capita, PPP
$41,198
2024
$34,063
2024
GDP per capita PPP rank
57/197
2024
65/197
2024
Government debt
$11.7B
2024
$6.19B
2025
Debt-to-GDP ratio
73.8%
2025
67.1%
2025
Government debt per person
$29,123
2024
$9,942
2025
Government debt per person rank
25/185
2024
61/185
2025
Average annual personal income after taxes
$36,621
2026
$12,768
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10% n/a
24.7%
2021
Income share by poorest 10% n/a
2.1%
2021
Government expenditure, % of GDP
21.5%
2025
43.9%
2025
Consumer prices inflation
0.41%
2023-2024
3.9%
2024-2025
Central bank interest rate
4%
2016
n/a
Unemployment rate
10.3%
2023
11.5%
2024
Population
405486
613759

Spending and national debt comparison by year

Bahamas
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Bahamas Montenegro
Government spending Government debt Government spending Government debt
2025 21.5% 73.8% 43.9% 67.1%
2024 21% 73.8% 44.1% 60.8%
2023 23.2% 78.3% 40.4% 59.6%
2022 25.6% 84.7% 42.2% 70.3%
2021 28.9% 90.7% 45.1% 86.2%
2020 24.8% 71.9% 54.9% 108.4%
2019 20.3% 60.3% 44.4% 79.6%
2018 19.4% 61.5% 47.8% 72.9%
2017 23.1% 54.6% 47.6% 66.9%
2016 19.4% 51.1% 47.7% 66.7%
2015 18.4% 49.9% 46.9% 69.5%
2014 18.1% 47.7% 44.3% 63.6%
2013 18.1% 44.2% 46.3% 59.2%
2012 17% 37.6% 45.9% 57.1%
2011 17.1% 35.3% 45.7% 49%
2010 15.4% 33.9% 46.7% 45.1%
2009 15.2% 30.1% 51.5% 43.9%
2008 14.3% 25.3% 51.2% 34.2%
2007 13.6% 23.5% 43.9% 31.8%
2006 13.2% 23.2% 42.6% 36.7%
2005 12.9% 23% 38.2% 38.6%
2004 12.5% 21.6% 40% 45.4%
2003 11.8% 20.8% 43.3% 48.6%
2002 11.6% 19.4% 37.5% 85.7%
2001 11.4% 18.5% - -
2000 11.6% 19.2% - -
1999 9.3% 19.8% - -
1998 12% 20.8% - -
1997 12.9% 21.5% - -
1996 11.5% 20.7% - -
1995 11.5% 21% - -
1994 11.7% 20.9% - -
1993 11.5% 19.7% - -
1992 11.8% 17.9% - -
1991 11.9% 15.3% - -
1990 11.4% 13.2% - -

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

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

In 2025, the Bahamas' government spending was $3.32B, accounting for 21.5% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 73.8% in the Bahamas and 67.1% in Montenegro, ranking 52/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Montenegro
1x
Year Deficit/surplus, % of GDP
Bahamas Montenegro
2025 -0.49% -3.61%
2024 -1.2% -3.44%
2023 -3.65% 0.38%
2022 -5.53% -4.05%
2021 -11.9% -1.37%
2020 -7.11% -10.9%
2019 -1.68% -1.74%
2018 -3.28% -6.3%
2017 -6.05% -6.89%
2016 -2.61% -6.21%
2015 -3.34% -6.03%
2014 -4.51% -0.7%
2013 -5.1% -4.54%
2012 -3.25% -5.87%
2011 -2.87% -6.79%
2010 -2.57% -4.88%
2009 -2.39% -6.74%
2008 -0.82% -2.3%
2007 -0.77% 8.44%
2006 -0.44% 4.34%
2005 -1.16% -1.42%
2004 -1.95% -2.45%
2003 -1.63% -4.06%
2002 -1.67% -1.44%
2001 0.3% -
2000 0.09% -
1999 1.78% -
1998 -0.43% -
1997 -1.6% -
1996 -0.15% -
1995 0.18% -
1994 -0.4% -
1993 -1.05% -
1992 -2.23% -
1991 -2.27% -
1990 -2.64% -

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

GeoRank.org/economy/bahamas/montenegro | 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 Montenegro's deficit of $285M, or 3.44% of GDP.

Over the past 23 years, the Bahamas recorded a fiscal deficit in 23 of those years, while Montenegro ran a deficit in 20 years. On average, the Bahamas posted an annual deficit equal to 3.28% of GDP, compared to deficit of 3.26% of GDP for Montenegro.

Inflation comparison by year

Inflation
Bahamas

Montenegro
1x
Year Consumer prices inflation
Bahamas Montenegro
2025 - 3.9%
2024 0.41% 3.3%
2023 3.05% 8.6%
2022 5.61% 13%
2021 2.9% 2.4%
2020 0.04% -0.3%
2019 2.49% 0.4%
2018 2.27% 2.6%
2017 1.52% 2.4%
2016 -0.35% -0.3%
2015 1.86% 1.5%
2014 1.51% -0.7%
2013 0.72% 2.2%
2012 1.97% 4.1%
2011 3.2% 3.5%
2010 1.34% 0.4%
2009 2.06% 3.6%
2008 4.49% 9%
2007 2.49% 3.4%
2006 2.39% 2.1%
2005 1.59% 3.4%
2004 0.98% 3.1%
2003 3.03% 7.5%
2002 2.17% 19.7%
2001 2.04% 23.7%
2000 1.61% 29.9%
1999 1.25% -
1998 1.34% -
1997 0.54% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08).

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

Over the past 25 years, the Bahamas has recorded an average annual inflation rate of 2.06%, compared with 5.94% in Montenegro. In 2024, inflation was 0.41% in the Bahamas and 3.9% in Montenegro.

Top exports between countries

Bahamas
Export category Export value
Montenegro
Export category Export value
Raw agricultural goods $7K

Balance of trade

Bahamas Montenegro
Current account balance
-$1.05B
2024
-$1.88B
2025
Current account balance ranking
120/190
2024
140/190
2025
Current account balance, % of GDP
-6.65%
2024
-20.4%
2025
Goods imports
$4.6B
2024
$4.91B
2025
Goods exports
$874M
2024
$663M
2025
Service imports
$2.47B
2024
$1.24B
2025
Service exports
$5.9B
2024
$3.07B
2025
Imports of goods and services, % of GDP
41.5%
2024
65.7%
2025
Exports of goods and services, % of GDP
37.8%
2024
40.1%
2025

Economic freedom indices

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

Bahamas Montenegro
Economic freedom 65.1 63.8
Economic freedom ranking 66/197 78/197
Property rights 62.7 60.9
Government integrity 67.1 49.9
Judicial effectiveness 79.8 51.5
Tax burden 96.1 88.7
Government spending 83.8 47.6
Fiscal health 9.1 86.2
Business freedom 69.4 68.4
Labor freedom 66.5 59.4
Monetary freedom 77.2 75.2
Trade freedom 59.4 78.4
Investment freedom 50 50
Financial freedom 60 50

Economic freedom comparison by year

Bahamas
Montenegro
1x
Year Economic freedom index
Bahamas Montenegro
2026 65.1 63.8
2025 63.2 63.8
2024 62.5 59.7
2023 62.6 60.9
2022 68.7 57.8
2021 64.6 63.4
2020 64.5 61.5
2019 62.9 60.5
2018 63.3 64.3
2017 61.1 62
2016 70.9 64.9
2015 68.7 64.7
2014 69.8 63.6
2013 70.1 62.6
2012 68 62.5
2011 68 62.5
2010 67.3 63.6
2009 70.3 58.2
2008 71.1 -
2007 72 -
2006 72.3 -
2005 72.6 -
2004 72.1 -
2003 73.5 43.5
2002 74.4 46.6
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/montenegro | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Montenegro
Services, % of GDP
77.2%
2024
63.4%
2025
Industry, % of GDP
9.63%
2024
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
3.37%
2025
GNI, Atlas method
$14.9B
2024
$8.82B
2025
GNI per capita, PPP
$39,610
2024
$35,700
2025
Total reserves including gold
$2.63B
2024
$2.2B
2025
Total reserves ranking
123/177
2024
126/177
2025
Net foreign direct investment
-$77.6M
2024
-$601M
2025
Net inflows of foreign direct investment
$241M
2024
$599M
2024
Net outflows of foreign direct investment
$163M
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI n/a
15%
2024
Poverty at national poverty lines
9.3%
2020
20%
2023
Gross capital formation, % of GDP
26.8%
2024
26.9%
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/montenegro | 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. 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)
  8. TradeMap (2022, 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.

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.