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Economy of Bahamas vs Myanmar compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $74.1B for Myanmar, ranking 140/197 and 85/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Bahamas vs Myanmar GDP by year

Bahamas
Myanmar
1x
Year GDP, current $
Bahamas Myanmar
2024 $15,832,800,000 $74,068,349,524
2023 $15,271,300,000 $66,757,619,000
2022 $13,896,800,000 $62,253,049,903
2021 $12,037,000,000 $66,345,291,149
2020 $10,363,200,000 $79,006,113,670
2019 $13,277,000,000 $75,065,106,243
2018 $12,819,200,000 $67,860,515,993
2017 $12,446,900,000 $66,053,040,475
2016 $11,880,900,000 $63,298,361,984
2015 $11,837,600,000 $59,607,290,408
2014 $11,139,100,000 $65,531,374,210
2013 $10,475,300,000 $60,269,732,855
2012 $10,720,400,000 $59,937,796,648
2011 $10,070,450,000 $59,977,326,086
2010 $10,095,760,000 $49,540,813,342
2009 $9,981,960,000 $36,906,181,381
2008 $10,526,000,000 $31,862,554,102
2007 $10,618,340,000 $20,182,477,481
2006 $10,167,250,000 $14,502,553,710
2005 $9,836,200,000 $11,986,972,419
2004 $9,055,290,000 $10,567,354,056
2003 $8,870,090,000 $10,467,109,978
2002 $8,881,160,000 $6,777,632,512
2001 $8,317,830,000 $6,477,790,688
2000 $8,076,470,000 $8,905,066,164
1999 $7,683,870,000 $8,486,832,801
1998 $6,833,220,000 $6,459,461,639
1997 $6,332,360,000 $4,722,288,496
1996 $3,609,000,000 $6,123,556,717
1995 $3,429,000,000 $5,289,174,943
1994 $3,259,000,000 $4,432,257,174
1993 $3,092,000,000 $3,163,020,035
1992 $3,109,000,000 $2,411,552,289
1991 $3,111,160,000 $2,069,832,687
1990 $3,166,000,000 $2,115,193,513
1989 $3,062,000,000 $2,013,448,229
1988 $2,817,900,000 $1,541,088,312
1987 $2,713,999,900 $1,562,448,077
1986 $2,472,500,000 $1,582,873,750
1985 $2,320,699,900 $1,478,908,173
1984 $2,041,100,000 $1,304,063,253
1983 $1,732,800,000 $1,381,573,615
1982 $1,578,300,000 $1,481,165,468
1981 $1,426,500,000 $1,111,000,765
1980 $1,335,300,000 $1,038,225,167
1979 $1,139,800,100 $952,265,043
1978 $832,400,000 $935,408,775
1977 $713,000,000 $873,579,932
1976 $642,100,000 $1,204,699,849
1975 $596,200,000 $1,061,107,354
1974 $632,400,000 $1,225,589,878
1973 $670,900,000 $719,754,655
1972 $590,900,000 $662,213,083
1971 $573,400,000 $587,448,405
1970 $539,500,000 $563,555,631
1969 $538,700,000 $571,854,215
1968 $453,800,000 $559,956,130
1967 $398,000,000 $420,359,036
1966 $346,800,000 $293,103,479
1965 $300,272,048 $367,053,117
1964 $266,560,043 $411,419,906
1963 $237,650,038 $598,998,419
1962 $212,170,034 $634,528,872
1961 $190,022,030 $605,581,577
1960 $169,736,027 $545,098,448

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bahamas vs Myanmar by year

Bahamas
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $1,359 $5,997
2023 $38,232 $39,090 $1,233 $5,953
2022 $34,957 $36,791 $1,158 $5,732
2021 $30,368 $31,065 $1,243 $5,178
2020 $26,179 $27,205 $1,490 $5,741
2019 $33,640 $36,116 $1,426 $6,101
2018 $32,642 $35,228 $1,298 $5,581
2017 $31,875 $34,282 $1,273 $4,706
2016 $30,617 $32,285 $1,229 $4,460
2015 $30,719 $32,138 $1,167 $4,459
2014 $29,137 $31,726 $1,293 $4,376
2013 $27,643 $30,294 $1,199 $4,144
2012 $28,552 $31,036 $1,203 $3,845
2011 $27,091 $30,074 $1,214 $3,579
2010 $27,473 $29,625 $1,011 $3,348
2009 $27,513 $29,197 $758 $3,040
2008 $29,392 $30,679 $658 $2,748
2007 $30,052 $31,232 $419 $2,459
2006 $29,185 $30,402 $303 $2,153
2005 $28,602 $29,143 $252.7 $1,860
2004 $26,650 $27,660 $224.5 $1,601
2003 $26,429 $27,031 $224.3 $1,385
2002 $26,782 $27,171 $146.6 $1,204
2001 $25,372 $26,351 $141.5 $1,069
2000 $24,940 $25,422 $196.6 $949
1999 $24,041 $24,184 $189.5 $825
1998 $21,667 $22,556 $146 $742
1997 $20,368 $21,606 $108 $702
1996 $11,784 $21,287 $141.9 $661
1995 $11,375 $20,377 $124.1 $618
1994 $10,991 $19,441 $105.4 $573
1993 $10,613 $18,781 $76.2 $529
1992 $10,873 $18,636 $58.9 $494
1991 $11,082 $19,296 $51.2 $447
1990 $11,473 $19,817 $53.1 $441
1989 $11,291 - $51.3 -
1988 $10,576 - $39.9 -
1987 $10,361 - $41.1 -
1986 $9,601 - $42.4 -
1985 $9,167 - $40.4 -
1984 $8,202 - $36.3 -
1983 $7,081 - $39.3 -
1982 $6,559 - $43 -
1981 $6,029 - $32.8 -
1980 $5,743 - $31.2 -
1979 $4,994 - $29.2 -
1978 $3,720 - $29.3 -
1977 $3,253 - $27.9 -
1976 $2,993 - $39.2 -
1975 $2,841 - $35.2 -
1974 $3,080 - $41.4 -
1973 $3,341 - $24.8 -
1972 $3,014 - $23.3 -
1971 $3,004 - $21.1 -
1970 $2,916 - $20.7 -
1969 $3,027 - $21.5 -
1968 $2,668 - $21.5 -
1967 $2,453 - $16.5 -
1966 $2,239 - $11.8 -
1965 $2,030 - $15.1 -
1964 $1,883 - $17.3 -
1963 $1,759 - $25.8 -
1962 $1,651 - $27.9 -
1961 $1,555 - $27.3 -
1960 $1,459 - $25.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Myanmar ranks 153rd at $5,997.

Economic indicators

Bahamas Myanmar
Gross domestic product
$15.8B
2024
$74.1B
2024
GDP rank
140/197
2024
85/197
2024
GDP growth
3.38%
2023-2024
-0.97%
2023-2024
GDP per capita
$39,455
2024
$1,359
2024
GDP per capita rank
30/197
2024
165/197
2024
GDP per capita, PPP
$41,198
2024
$5,997
2024
GDP per capita PPP rank
57/197
2024
153/197
2024
Government debt
$11.5B
2024
$44B
2024
Debt-to-GDP ratio
72.5%
2024
59.3%
2024
Government debt per person
$28,616
2024
$806
2024
Government debt per person rank
25/185
2024
150/185
2024
Average annual personal income after taxes
$29,535
2026
$1,646
2026
Income share by richest 10% n/a
25.5%
2017
Income share by poorest 10% n/a
3.8%
2017
Government expenditure, % of GDP
20.6%
2024
20.7%
2024
Consumer prices inflation
0.41%
2023-2024
8.83%
2018-2019
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
1.48%
2020
Population
405203
55292116

Spending and national debt comparison by year

Bahamas
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Bahamas Myanmar
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 20.7% 59.3%
2023 22.2% 74.8% 21.4% 59.1%
2022 23.9% 79.1% 21.3% 56.1%
2021 26.9% 84.5% 20.9% 63.4%
2020 28.2% 81.9% 21.3% 49.1%
2019 19.9% 59.3% 20.5% 37.6%
2018 19.2% 60.6% 18.7% 39.9%
2017 22.5% 53.4% 19.7% 41.9%
2016 19.4% 51% 21.3% 35.7%
2015 17.9% 48.5% 23.7% 36.6%
2014 17.6% 46.3% 24.7% 34.5%
2013 18.4% 44.8% 23.9% 44.8%
2012 16.5% 36.4% 20% 48%
2011 17.1% 35.3% 15.6% 49.9%
2010 15.3% 33.7% 15.8% 54.4%
2009 15.6% 30.9% 14.4% 56.4%
2008 14.4% 25.5% 14.4% 59.8%
2007 13.3% 23% 15.7% 77.4%
2006 13% 22.8% 15.6% 103.1%
2005 12.3% 22% 14.6% 119%
2004 12.4% 21.4% 14.6% 126.6%
2003 11.8% 20.9% 14.3% 146%
2002 11.3% 18.8% 15.3% 190.6%
2001 11.2% 18.2% 19.1% 262%
2000 11.3% 18.7% 21.4% 164.5%
1999 8.78% 18.7% 22.8% 150.7%
1998 11.6% 20% 25.2% 208.6%
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/myanmar | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 59.3% in Myanmar, ranking 53/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Myanmar
1x
Year Deficit/surplus, % of GDP
Bahamas Myanmar
2024 -1.18% -5.06%
2023 -3.49% -5.18%
2022 -5.16% -2.82%
2021 -11.1% -2.47%
2020 -8.09% -6.5%
2019 -1.65% -4.7%
2018 -3.24% -2.77%
2017 -5.92% -3.42%
2016 -2.61% -2.53%
2015 -3.24% -4.33%
2014 -4.38% -1.06%
2013 -5.16% -1.53%
2012 -3.15% -2.7%
2011 -2.87% -4.82%
2010 -2.56% -5.4%
2009 -2.45% -3.55%
2008 -0.83% -2.73%
2007 -0.76% -3.52%
2006 -0.43% -3.42%
2005 -1.11% -3.49%
2004 -1.93% -4.62%
2003 -1.63% -4.24%
2002 -1.62% -4.01%
2001 0.3% -6.34%
2000 0.09% -6.03%
1999 1.68% -4.46%
1998 -0.41% -4.89%
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, the Bahamas recorded a fiscal deficit in 24 of those years, while Myanmar ran a deficit in 27 years. On average, the Bahamas posted an annual deficit equal to 2.7% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Bahamas

Myanmar
1x
Year Consumer prices inflation
Bahamas Myanmar
2024 0.41% -
2023 3.05% -
2022 5.61% -
2021 2.9% -
2020 0.04% -
2019 2.49% 8.83%
2018 2.27% 6.87%
2017 1.52% 4.57%
2016 -0.35% 6.93%
2015 1.86% 9.45%
2014 1.51% 4.95%
2013 0.72% 5.64%
2012 1.97% 1.47%
2011 3.2% 5.02%
2010 1.34% 7.72%
2009 2.06% 1.47%
2008 4.49% 26.8%
2007 2.49% 35%
2006 2.39% 20%
2005 1.59% 9.37%
2004 0.98% 4.53%
2003 3.03% 36.6%
2002 2.17% 57.1%
2001 2.04% 21.1%
2000 1.61% -0.11%
1999 1.25% 18.4%
1998 1.34% 51.5%
1997 0.54% 29.7%

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

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

Over the past 23 years, the Bahamas has recorded an average annual inflation rate of 1.85%, compared with 16.2% in Myanmar. In 2019, inflation was 0.41% in the Bahamas and 8.83% in Myanmar.

Balance of trade

Bahamas Myanmar
Current account balance
-$1.05B
2024
$67.7M
2019
Current account balance ranking
127/190
2024
71/190
2019
Current account balance, % of GDP
-6.65%
2024
+0.09%
2019
Goods imports
$4.6B
2024
$13.7B
2019
Goods exports
$874M
2024
$10.8B
2019
Service imports
$2.47B
2024
$3.66B
2019
Service exports
$5.9B
2024
$6.68B
2019
Imports of goods and services, % of GDP
41.5%
2024
n/a
Exports of goods and services, % of GDP
37.8%
2024
24.3%
2025

Economic freedom indices

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

Bahamas Myanmar
Economic freedom 65.1 44.5
Economic freedom ranking 66/197 180/197
Property rights 62.7 5.7
Government integrity 67.1 18.1
Judicial effectiveness 79.8 3.9
Tax burden 96.1 88.6
Government spending 83.8 86.6
Fiscal health 9.1 62.7
Business freedom 69.4 37.9
Labor freedom 66.5 53.2
Monetary freedom 77.2 57.5
Trade freedom 59.4 69.4
Investment freedom 50 30
Financial freedom 60 20

Economic freedom comparison by year

Bahamas
Myanmar
1x
Year Economic freedom index
Bahamas Myanmar
2026 65.1 44.5
2025 63.2 43.7
2024 62.5 42.2
2023 62.6 46.5
2022 68.7 49.6
2021 64.6 55.2
2020 64.5 54
2019 62.9 53.6
2018 63.3 53.9
2017 61.1 52.5
2016 70.9 48.7
2015 68.7 46.9
2014 69.8 46.5
2013 70.1 39.2
2012 68 38.7
2011 68 37.8
2010 67.3 36.7
2009 70.3 37.7
2008 71.1 39.5
2007 72 41
2006 72.3 40
2005 72.6 40.5
2004 72.1 43.6
2003 73.5 44.9
2002 74.4 45.5
2001 74.8 46.1
2000 73.9 47.9
1999 74.7 46.4
1998 74.5 45.7
1997 74.5 45.4
1996 74 45.1
1995 71.8 -

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Myanmar
Services, % of GDP
77.2%
2024
41.4%
2024
Industry, % of GDP
9.63%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
20.8%
2024
GNI, Atlas method
$14.9B
2024
$65.9B
2024
GNI per capita, PPP
$39,550
2024
$5,890
2024
Total reserves including gold
$2.51B
2023
$9.34B
2023
Total reserves ranking
122/177
2023
81/177
2023
Net foreign direct investment
-$77.6M
2024
-$1.74B
2019
Net inflows of foreign direct investment
$241M
2024
$1.1B
2024
Net outflows of foreign direct investment
$163M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.31%
2024
Poverty at national poverty lines
9.3%
2020
24.8%
2017
Gross capital formation, % of GDP
26.8%
2024
n/a

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/myanmar | 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)

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.