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Economy of Bahamas vs Namibia compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $13.4B for Namibia, ranking 140/197 and 147/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $9.05B (67.7% of GDP) in Namibia.

Bahamas vs Namibia GDP by year

Bahamas
Namibia
1x
Year GDP, current $
Bahamas Namibia
2024 $15,832,800,000 $13,372,354,512
2023 $15,271,300,000 $12,408,271,449
2022 $13,896,800,000 $12,569,449,123
2021 $12,037,000,000 $12,402,486,184
2020 $10,363,200,000 $10,583,748,542
2019 $13,277,000,000 $12,541,928,303
2018 $12,819,200,000 $13,682,019,076
2017 $12,446,900,000 $12,895,153,371
2016 $11,880,900,000 $10,722,018,732
2015 $11,837,600,000 $11,335,161,084
2014 $11,139,100,000 $12,435,430,970
2013 $10,475,300,000 $12,043,307,277
2012 $10,720,400,000 $13,042,053,592
2011 $10,070,450,000 $12,523,359,441
2010 $10,095,760,000 $11,431,412,421
2009 $9,981,960,000 $8,938,847,189
2008 $10,526,000,000 $8,607,431,497
2007 $10,618,340,000 $8,839,536,476
2006 $10,167,250,000 $8,001,779,551
2005 $9,836,200,000 $7,248,374,838
2004 $9,055,290,000 $6,609,205,995
2003 $8,870,090,000 $4,926,439,384
2002 $8,881,160,000 $3,349,169,826
2001 $8,317,830,000 $3,557,341,215
2000 $8,076,470,000 $3,922,232,165
1999 $7,683,870,000 $3,868,551,730
1998 $6,833,220,000 $3,873,109,866
1997 $6,332,360,000 $4,154,989,950
1996 $3,609,000,000 $3,989,163,197
1995 $3,429,000,000 $3,978,514,206
1994 $3,259,000,000 $3,666,503,530
1993 $3,092,000,000 $3,251,188,833
1992 $3,109,000,000 $3,429,521,699
1991 $3,111,160,000 $2,996,869,281
1990 $3,166,000,000 $2,789,921,854
1989 $3,062,000,000 $2,535,135,798
1988 $2,817,900,000 $2,495,094,746
1987 $2,713,999,900 $2,300,068,217
1986 $2,472,500,000 $1,809,048,527
1985 $2,320,699,900 $1,608,237,350
1984 $2,041,100,000 $1,951,260,038
1983 $1,732,800,000 $2,297,400,688
1982 $1,578,300,000 $2,118,710,248
1981 $1,426,500,000 $2,249,908,578
1980 $1,335,300,000 $2,421,990,338
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/namibia | CC BY

GDP per capita in Bahamas vs Namibia by year

Bahamas
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $4,413 $11,687
2023 $38,232 $39,090 $4,188 $11,251
2022 $34,957 $36,791 $4,350 $10,663
2021 $30,368 $31,065 $4,413 $9,709
2020 $26,179 $27,205 $3,879 $9,354
2019 $33,640 $36,116 $4,732 $9,609
2018 $32,642 $35,228 $5,309 $9,854
2017 $31,875 $34,282 $5,144 $9,888
2016 $30,617 $32,285 $4,396 $10,200
2015 $30,719 $32,138 $4,774 $10,466
2014 $29,137 $31,726 $5,378 $10,365
2013 $27,643 $30,294 $5,347 $9,699
2012 $28,552 $31,036 $5,943 $9,364
2011 $27,091 $30,074 $5,835 $9,002
2010 $27,473 $29,625 $5,418 $8,538
2009 $27,513 $29,197 $4,303 $8,079
2008 $29,392 $30,679 $4,205 $8,125
2007 $30,052 $31,232 $4,379 $7,875
2006 $29,185 $30,402 $4,017 $7,374
2005 $28,602 $29,143 $3,686 $6,767
2004 $26,650 $27,660 $3,403 $6,480
2003 $26,429 $27,031 $2,569 $5,693
2002 $26,782 $27,171 $1,772 $5,433
2001 $25,372 $26,351 $1,916 $5,196
2000 $24,940 $25,422 $2,157 $5,129
1999 $24,041 $24,184 $2,178 $4,961
1998 $21,667 $22,556 $2,235 $4,852
1997 $20,368 $21,606 $2,460 $4,764
1996 $11,784 $21,287 $2,423 $4,612
1995 $11,375 $20,377 $2,483 $4,509
1994 $10,991 $19,441 $2,356 $4,376
1993 $10,613 $18,781 $2,155 $4,345
1992 $10,873 $18,636 $2,347 $4,452
1991 $11,082 $19,296 $2,117 $4,192
1990 $11,473 $19,817 $2,037 $3,875
1989 $11,291 - $1,967 -
1988 $10,576 - $2,063 -
1987 $10,361 - $1,969 -
1986 $9,601 - $1,599 -
1985 $9,167 - $1,466 -
1984 $8,202 - $1,830 -
1983 $7,081 - $2,214 -
1982 $6,559 - $2,097 -
1981 $6,029 - $2,267 -
1980 $5,743 - $2,468 -
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/namibia | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $4,413 in Namibia, ranking 126/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Namibia ranks 128th at $11,687.

Economic indicators

Bahamas Namibia
Gross domestic product
$15.8B
2024
$13.4B
2024
GDP rank
140/197
2024
147/197
2024
GDP growth
3.38%
2023-2024
3.71%
2023-2024
GDP per capita
$39,455
2024
$4,413
2024
GDP per capita rank
30/197
2024
126/197
2024
GDP per capita, PPP
$41,198
2024
$11,687
2024
GDP per capita PPP rank
57/197
2024
128/197
2024
Government debt
$11.5B
2024
$9.05B
2024
Debt-to-GDP ratio
72.5%
2024
67.7%
2024
Government debt per person
$28,616
2024
$2,988
2024
Government debt per person rank
25/185
2024
100/185
2024
Average annual personal income after taxes
$29,535
2026
$6,197
2026
Market capitalization of domestic companies n/a
$2.48B
2024
Income share by richest 10% n/a
47.2%
2015
Income share by poorest 10% n/a
1%
2015
Government expenditure, % of GDP
20.6%
2024
39.9%
2024
Consumer prices inflation
0.41%
2023-2024
4.2%
2023-2024
Central bank interest rate
4%
2016
6.5%
2025
Unemployment rate
8.65%
2023
19.9%
2018
Population
405203
3173089

Spending and national debt comparison by year

Bahamas
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Bahamas Namibia
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 39.9% 67.7%
2023 22.2% 74.8% 37% 67.2%
2022 23.9% 79.1% 36.6% 69.4%
2021 26.9% 84.5% 39.3% 69.6%
2020 28.2% 81.9% 41.5% 64.3%
2019 19.9% 59.3% 37.4% 57.6%
2018 19.2% 60.6% 36.3% 48.7%
2017 22.5% 53.4% 38.1% 43.8%
2016 19.4% 51% 41.8% 45.8%
2015 17.9% 48.5% 43.7% 42.1%
2014 17.6% 46.3% 41.8% 27.6%
2013 18.4% 44.8% 38.3% 26.1%
2012 16.5% 36.4% 35% 24.6%
2011 17.1% 35.3% 38.5% 27.4%
2010 15.3% 33.7% 33.5% 16.3%
2009 15.6% 30.9% 32% 15.9%
2008 14.4% 25.5% 28.4% 19.1%
2007 13.3% 23% 26.1% 19.4%
2006 13% 22.8% 27.4% 26.1%
2005 12.3% 22% 27.7% 26.9%
2004 12.4% 21.4% 28.4% 29.2%
2003 11.8% 20.9% 31.1% 27.1%
2002 11.3% 18.8% 29.8% 22.2%
2001 11.2% 18.2% 30.7% 24.4%
2000 11.3% 18.7% 30.1% 20.9%
1999 8.78% 18.7% 31.8% 21.8%
1998 11.6% 20% 31.3% 19.6%
1997 12.5% 20.8% 30.9% 17.7%
1996 11.2% 20.2% 30.4% 18.7%
1995 11.2% 20.5% 29.6% 18%
1994 11.4% 20.4% 28.7% 16.4%
1993 11.5% 19.8% 32.4% 17.2%
1992 11.8% 17.9% 32.8% 14.1%
1991 12% 15.4% 33% 11.8%
1990 11.4% 13.2% 30.2% 12.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Namibia spent $5.34B, or 39.9% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 67.7% in Namibia, ranking 53/185 and 61/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Namibia
1x
Year Deficit/surplus, % of GDP
Bahamas Namibia
2024 -1.18% -3.59%
2023 -3.49% -3.14%
2022 -5.16% -6.33%
2021 -11.1% -8.68%
2020 -8.09% -8.07%
2019 -1.65% -5.49%
2018 -3.24% -5.09%
2017 -5.92% -4.99%
2016 -2.61% -9.3%
2015 -3.24% -8.3%
2014 -4.38% -6.44%
2013 -5.16% -4.69%
2012 -3.15% -3.1%
2011 -2.87% -7.09%
2010 -2.56% -4.98%
2009 -2.45% -0.4%
2008 -0.83% 3.48%
2007 -0.76% 6.01%
2006 -0.43% 3.41%
2005 -1.11% -0.31%
2004 -1.93% -2.67%
2003 -1.63% -4.47%
2002 -1.62% -1.38%
2001 0.3% -2.01%
2000 0.09% -0.79%
1999 1.68% -1.88%
1998 -0.41% -2.76%
1997 -1.56% -2.38%
1996 -0.15% -3.7%
1995 0.18% -1.74%
1994 -0.39% -0.57%
1993 -1.05% -2.73%
1992 -2.23% -2.55%
1991 -2.29% -1.59%
1990 -2.64% 1.08%

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

GeoRank.org/economy/bahamas/namibia | 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 Namibia's deficit of $480M, or 3.59% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Namibia ran a deficit in 31 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 3.06% of GDP for Namibia.

Inflation comparison by year

Inflation
Bahamas

Namibia
1x
Year Consumer prices inflation
Bahamas Namibia
2024 0.41% 4.2%
2023 3.05% 5.9%
2022 5.61% 6.1%
2021 2.9% 3.6%
2020 0.04% 2.2%
2019 2.49% 3.7%
2018 2.27% 4.3%
2017 1.52% 6.1%
2016 -0.35% 6.7%
2015 1.86% 3.4%
2014 1.51% 5.3%
2013 0.72% 5.6%
2012 1.97% 6.7%
2011 3.2% 5%
2010 1.34% 4.9%
2009 2.06% 9.5%
2008 4.49% 9.1%
2007 2.49% 6.5%
2006 2.39% 5%
2005 1.59% 2.3%
2004 0.98% 4.1%
2003 3.03% 7.2%
2002 2.17% 12.7%
2001 2.04% 10.2%
2000 1.61% 10.2%
1999 1.25% 9.4%
1998 1.34% 6.6%
1997 0.54% 9.7%

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/namibia | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 6.29% in Namibia. In 2024, inflation was 0.41% in the Bahamas and 4.2% in Namibia.

Top exports between countries

Bahamas
Export category Export value
Namibia
Export category Export value
Machinery & equipment $2.42M
Raw materials & minerals $1.64M
Miscellaneous $331K
Textiles & consumer goods $303K
Metals $129K
Chemicals & pharma $94K
Processed food, beverages & tobacco $10K
Wood & paper products $7K

Balance of trade

Bahamas Namibia
Current account balance
-$1.05B
2024
-$1.89M
2024
Current account balance ranking
127/190
2024
78/190
2024
Current account balance, % of GDP
-6.65%
2024
-0.01%
2024
Goods imports
$4.6B
2024
$6.77B
2024
Goods exports
$874M
2024
$4.67B
2024
Service imports
$2.47B
2024
$2.47B
2024
Service exports
$5.9B
2024
$1.29B
2024
Imports of goods and services, % of GDP
41.5%
2024
68%
2024
Exports of goods and services, % of GDP
37.8%
2024
41.6%
2024

Economic freedom indices

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

Bahamas Namibia
Economic freedom 65.1 60.2
Economic freedom ranking 66/197 95/197
Property rights 62.7 63.1
Government integrity 67.1 51.5
Judicial effectiveness 79.8 67.2
Tax burden 96.1 66.4
Government spending 83.8 57.1
Fiscal health 9.1 60.5
Business freedom 69.4 58
Labor freedom 66.5 62.7
Monetary freedom 77.2 76.1
Trade freedom 59.4 69.8
Investment freedom 50 50
Financial freedom 60 40

Economic freedom comparison by year

Bahamas
Namibia
1x
Year Economic freedom index
Bahamas Namibia
2026 65.1 60.2
2025 63.2 58.7
2024 62.5 57.5
2023 62.6 57.7
2022 68.7 59.2
2021 64.6 62.6
2020 64.5 60.9
2019 62.9 58.7
2018 63.3 58.5
2017 61.1 62.5
2016 70.9 61.9
2015 68.7 59.6
2014 69.8 59.4
2013 70.1 60.3
2012 68 61.9
2011 68 62.7
2010 67.3 62.2
2009 70.3 62.4
2008 71.1 61.4
2007 72 63.5
2006 72.3 60.7
2005 72.6 61.4
2004 72.1 62.4
2003 73.5 67.3
2002 74.4 65.1
2001 74.8 64.8
2000 73.9 66.7
1999 74.7 66.1
1998 74.5 66.1
1997 74.5 61.6
1996 74 -
1995 71.8 -

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Namibia
Services, % of GDP
77.2%
2024
54.5%
2024
Industry, % of GDP
9.63%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
7.29%
2024
GNI, Atlas method
$14.9B
2024
$12.8B
2024
GNI per capita, PPP
$39,550
2024
$11,300
2024
Total reserves including gold
$2.51B
2023
$3.36B
2024
Total reserves ranking
122/177
2023
115/177
2024
Net foreign direct investment
-$77.6M
2024
-$1.93M
2024
Net inflows of foreign direct investment
$241M
2024
$1.97B
2024
Net outflows of foreign direct investment
$163M
2024
$44.5M
2024
Poverty at national poverty lines
9.3%
2020
17.4%
2015
Gross capital formation, % of GDP
26.8%
2024
25.6%
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/namibia | 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 (2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-02-20)
  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.

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.