The Bahamas vs Oman: Economic Indicators Comparison

Oman with a GDP of $79.3B ranked the 69th largest economy in the world, while the Bahamas ranked 137th with $12.4B. By GDP 5-years average growth and GDP per capita, Oman and the Bahamas ranked 114th vs 160th and 56th vs 31st, respectively.

Gross Domestic Product & Income

Stat	Bahamas	Oman
GDP	$12.4B	$79.3B
GDP growth, 1 year	2.3%	2.1%
GDP growth, 5-years average	0.6%	2.4%
Population	395k	4.8M
GDP per capita	$32k	$16k
GDP per capita growth	0.54%	-1.68%
Purchasing Power Parity conversion factor	1	0.15
Price level ratio of PPP conversion factor GDP to market exchange rate	1	0.39
GDP per capita, PPP adjusted	$33k	$47k
GNI, Atlas method	$11.8B	$73.1B
GNI per capita	$31k	$15k
GNI, PPP adjusted	$11.7B	$201.3B
GNI per capita, PPP adjusted	$30k	$42k

Financial system and Human development

Stat	Bahamas	Oman
Income Tax Rate	0%	0%
Corporate Tax Rate	0%	12%
Inflation, consumer prices	2.2%	0.9%
Inflation, GDP deflator	0.7%	10.3%
Unemployment	11.9%	3.1%
Economic Freedom Index	64.5	63.6
Personal Freedom Index	8.32	5.55
Human Freedom Index	7.97	6.3
Property Rights Index	54.9	66.4
Judical Effectiveness Index	46.4	66.2
Business Freedom Index	69	74.6
Fiscal Health Index	69.2	14.8
Labor Freedom Index	70	56.9
Investment Freedom Index	50	65
Financial Freedom Index	60	60
Trade Freedom Index	47.8	81.6
Monetary Freedom Index	76.3	78.4
Government Spending Index	87.4	36.2
Tax Burden Index	96.8	98.4
Government Integrity Index	46	64.6
Corruption Perceptions Index	65	52
Life expectancy at birth, years	73.6	77.4
Suicide mortality rate, per 100,000 people	1.7	3.9
Mortality caused by road traffic injury, per 100,000 people	13.8	16.1
Intentional homicides, per 100,000 people	30.9	0.5
International tourism, number of arrivals	1.6M	2.3M

Government debt & reserves

Stat	Bahamas	Oman
Central government debt, % of GDP	61%	50.9%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	7.1%	-11.3%
Gross savings, % of GDP	12.7%	23.9%
Gross capital formation, % of GDP	24.5%	23.2%
Total reserves including gold	$1.4B	$17.4B
Foreign direct investment net inflows	$491.4M	$6.3B

Exports, imports and economic structure

Stat	Bahamas	Oman
Exports of goods and services, % of GDP	36.1%	58.3%
Imports of goods and services, % of GDP	41.3%	44.5%
Current account balance (balance of payments)	-$1.5B	-$4.3B
Revenue excluding grants, % of GDP	16.4%	N/A
Grants excluding technical cooperation, BoP	$1.7M	$17M
Personal remittances received	N/A	$39M
Industry including construction value added, % of GDP	13%	46.8%
Agriculture, forestry and fishing value added, % of GDP	0.9%	2.2%
Charges for the use of intellectual property, payments BoP	$10.3M	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	17.9%	N/A
Government Expenditure, % of GDP	20.5%	46.1%