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Economy of Bahamas vs Pakistan compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $372B for Pakistan, ranking 140/197 and 43/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $262B (70.4% of GDP) in Pakistan.

Bahamas vs Pakistan GDP by year

Bahamas
Pakistan
1x
Year GDP, current $
Bahamas Pakistan
2024 $15,832,800,000 $371,570,000,121
2023 $15,271,300,000 $336,686,348,609
2022 $13,896,800,000 $374,890,295,667
2021 $12,037,000,000 $348,516,647,445
2020 $10,363,200,000 $300,425,609,818
2019 $13,277,000,000 $320,909,472,771
2018 $12,819,200,000 $356,128,166,705
2017 $12,446,900,000 $339,205,534,861
2016 $11,880,900,000 $313,630,000,130
2015 $11,837,600,000 $299,963,590,535
2014 $11,139,100,000 $271,390,474,858
2013 $10,475,300,000 $258,657,231,672
2012 $10,720,400,000 $250,106,966,105
2011 $10,070,450,000 $230,586,581,060
2010 $10,095,760,000 $196,709,621,850
2009 $9,981,960,000 $187,337,783,856
2008 $10,526,000,000 $202,203,748,584
2007 $10,618,340,000 $184,140,869,997
2006 $10,167,250,000 $161,871,385,506
2005 $9,836,200,000 $145,208,562,961
2004 $9,055,290,000 $132,216,048,339
2003 $8,870,090,000 $112,371,913,741
2002 $8,881,160,000 $97,923,302,809
2001 $8,317,830,000 $97,145,618,480
2000 $8,076,470,000 $99,484,802,345
1999 $7,683,870,000 $62,973,857,069
1998 $6,833,220,000 $62,191,955,814
1997 $6,332,360,000 $62,433,340,468
1996 $3,609,000,000 $63,320,170,084
1995 $3,429,000,000 $60,636,071,684
1994 $3,259,000,000 $52,293,470,813
1993 $3,092,000,000 $51,809,999,353
1992 $3,109,000,000 $48,884,671,947
1991 $3,111,160,000 $45,625,336,680
1990 $3,166,000,000 $40,010,423,970
1989 $3,062,000,000 $40,171,106,279
1988 $2,817,900,000 $38,472,742,808
1987 $2,713,999,900 $33,351,529,275
1986 $2,472,500,000 $31,899,070,056
1985 $2,320,699,900 $31,144,920,844
1984 $2,041,100,000 $31,151,825,467
1983 $1,732,800,000 $28,691,889,764
1982 $1,578,300,000 $30,725,971,564
1981 $1,426,500,000 $28,100,606,061
1980 $1,335,300,000 $23,654,444,444
1979 $1,139,800,100 $19,688,383,838
1978 $832,400,000 $17,811,515,152
1977 $713,000,000 $15,126,060,606
1976 $642,100,000 $13,168,080,808
1975 $596,200,000 $11,230,606,061
1974 $632,400,000 $8,899,191,919
1973 $670,900,000 $6,383,429,490
1972 $590,900,000 $9,415,016,360
1971 $573,400,000 $10,665,896,682
1970 $539,500,000 $10,027,509,450
1969 $538,700,000 $8,683,116,338
1968 $453,800,000 $8,041,999,160
1967 $398,000,000 $7,464,510,710
1966 $346,800,000 $6,561,108,778
1965 $300,272,048 $5,929,231,415
1964 $266,560,043 $5,204,955,901
1963 $237,650,038 $4,630,827,383
1962 $212,170,034 $4,310,163,797
1961 $190,022,030 $4,118,647,627
1960 $169,736,027 $3,749,265,015

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

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

GDP per capita in Bahamas vs Pakistan by year

Bahamas
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $1,479 $6,252
2023 $38,232 $39,090 $1,360 $6,014
2022 $34,957 $36,791 $1,538 $5,920
2021 $30,368 $31,065 $1,455 $5,367
2020 $26,179 $27,205 $1,278 $5,048
2019 $33,640 $36,116 $1,390 $5,038
2018 $32,642 $35,228 $1,569 $4,979
2017 $31,875 $34,282 $1,519 $4,790
2016 $30,617 $32,285 $1,425 $4,631
2015 $30,719 $32,138 $1,380 $4,480
2014 $29,137 $31,726 $1,267 $4,313
2013 $27,643 $30,294 $1,225 $4,174
2012 $28,552 $31,036 $1,204 $4,047
2011 $27,091 $30,074 $1,132 $3,880
2010 $27,473 $29,625 $987 $3,786
2009 $27,513 $29,197 $964 $3,777
2008 $29,392 $30,679 $1,067 $3,721
2007 $30,052 $31,232 $998 $3,672
2006 $29,185 $30,402 $901 $3,515
2005 $28,602 $29,143 $828 $3,293
2004 $26,650 $27,660 $772 $3,048
2003 $26,429 $27,031 $672 $2,822
2002 $26,782 $27,171 $600 $2,688
2001 $25,372 $26,351 $610 $2,644
2000 $24,940 $25,422 $642 $2,565
1999 $24,041 $24,184 $418 $2,475
1998 $21,667 $22,556 $424 $2,419
1997 $20,368 $21,606 $438 $2,398
1996 $11,784 $21,287 $457 $2,401
1995 $11,375 $20,377 $451 $2,315
1994 $10,991 $19,441 $400 $2,224
1993 $10,613 $18,781 $408 $2,160
1992 $10,873 $18,636 $396 $2,132
1991 $11,082 $19,296 $380 $1,992
1990 $11,473 $19,817 $344 $1,895
1989 $11,291 - $358 -
1988 $10,576 - $354 -
1987 $10,361 - $317 -
1986 $9,601 - $314 -
1985 $9,167 - $317 -
1984 $8,202 - $327 -
1983 $7,081 - $311 -
1982 $6,559 - $345 -
1981 $6,029 - $328 -
1980 $5,743 - $287.4 -
1979 $4,994 - $249.2 -
1978 $3,720 - $233.4 -
1977 $3,253 - $204.7 -
1976 $2,993 - $183.9 -
1975 $2,841 - $161.7 -
1974 $3,080 - $132 -
1973 $3,341 - $97.5 -
1972 $3,014 - $148.1 -
1971 $3,004 - $172.5 -
1970 $2,916 - $166.7 -
1969 $3,027 - $148.5 -
1968 $2,668 - $141.6 -
1967 $2,453 - $135.2 -
1966 $2,239 - $122.2 -
1965 $2,030 - $113.6 -
1964 $1,883 - $102.5 -
1963 $1,759 - $93.7 -
1962 $1,651 - $89.5 -
1961 $1,555 - $87.8 -
1960 $1,459 - $82 -

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

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

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $1,479 in Pakistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Pakistan ranks 150th at $6,252.

Economic indicators

Bahamas Pakistan
Gross domestic product
$15.8B
2024
$372B
2024
GDP rank
140/197
2024
43/197
2024
GDP growth
3.38%
2023-2024
3.05%
2023-2024
GDP per capita
$39,455
2024
$1,479
2024
GDP per capita rank
30/197
2024
163/197
2024
GDP per capita, PPP
$41,198
2024
$6,252
2024
GDP per capita PPP rank
57/197
2024
150/197
2024
Government debt
$11.5B
2024
$262B
2024
Debt-to-GDP ratio
72.5%
2024
70.4%
2024
Government debt per person
$28,616
2024
$1,041
2024
Government debt per person rank
25/185
2024
140/185
2024
Average annual personal income after taxes
$29,535
2026
$1,668
2026
Market capitalization of domestic companies n/a
$52.1B
2024
Income share by richest 10% n/a
25.5%
2018
Income share by poorest 10% n/a
4.2%
2018
Government expenditure, % of GDP
20.6%
2024
19.5%
2024
Consumer prices inflation
0.41%
2023-2024
12.6%
2023-2024
Central bank interest rate
4%
2016
10.5%
2025
Unemployment rate
8.65%
2023
6.96%
2025
Population
405203
260356147

Spending and national debt comparison by year

Bahamas
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Bahamas Pakistan
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 19.5% 70.4%
2023 22.2% 74.8% 19.3% 78.5%
2022 23.9% 79.1% 20% 77.3%
2021 26.9% 84.5% 18.5% 74.7%
2020 28.2% 81.9% 20.3% 80.8%
2019 19.9% 59.3% 19.1% 78.7%
2018 19.2% 60.6% 19.1% 66.3%
2017 22.5% 53.4% 19.1% 62.1%
2016 19.4% 51% 17.7% 62.1%
2015 17.9% 48.5% 17.8% 59.1%
2014 17.6% 46.3% 18.1% 58.8%
2013 18.4% 44.8% 19.5% 59.2%
2012 16.5% 36.4% 19.4% 58.4%
2011 17.1% 35.3% 17.9% 56.2%
2010 15.3% 33.7% 18.3% 56.7%
2009 15.6% 30.9% 17.3% 54.6%
2008 14.4% 25.5% 18% 49.5%
2007 13.3% 23% 16.1% 44.2%
2006 13% 22.8% 14.5% 46.2%
2005 12.3% 22% 13% 47.9%
2004 12.4% 21.4% 12.1% 50.6%
2003 11.8% 20.9% 12.9% 56.3%
2002 11.3% 18.8% 14.4% 60.5%
2001 11.2% 18.2% 12.9% 65.1%
2000 11.3% 18.7% 13.8% 61.7%
1999 8.78% 18.7% 13.2% 60.7%
1998 11.6% 20% 14.1% 53.8%
1997 12.5% 20.8% 13.7% 52.8%
1996 11.2% 20.2% 15% 52.5%
1995 11.2% 20.5% 14% 52.3%
1994 11.4% 20.4% 14.5% 58.5%
1993 11.5% 19.8% 17% 57.9%
1992 11.8% 17.9% 22.6% 53.3%
1991 12% 15.4% 21.4% 55.8%
1990 11.4% 13.2% 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-02-20).

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Pakistan spent $72.4B, or 19.5% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 70.4% in Pakistan, ranking 53/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Pakistan
1x
Year Deficit/surplus, % of GDP
Bahamas Pakistan
2024 -1.18% -6.81%
2023 -3.49% -7.76%
2022 -5.16% -7.84%
2021 -11.1% -6.04%
2020 -8.09% -7.03%
2019 -1.65% -7.79%
2018 -3.24% -5.67%
2017 -5.92% -5.17%
2016 -2.61% -3.92%
2015 -3.24% -4.74%
2014 -4.38% -4.37%
2013 -5.16% -7.48%
2012 -3.15% -7.74%
2011 -2.87% -6.23%
2010 -2.56% -5.42%
2009 -2.45% -4.53%
2008 -0.83% -5.94%
2007 -0.76% -4.23%
2006 -0.43% -2.79%
2005 -1.11% -2.29%
2004 -1.93% -1.29%
2003 -1.63% -0.12%
2002 -1.62% -2.64%
2001 0.3% -2.45%
2000 0.09% -3.21%
1999 1.68% -3.07%
1998 -0.41% -4.46%
1997 -1.56% -3.87%
1996 -0.15% -4.33%
1995 0.18% -3.9%
1994 -0.39% -3.63%
1993 -1.05% -5.53%
1992 -2.23% -11.3%
1991 -2.29% -10.8%
1990 -2.64% -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/pakistan | 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 Pakistan's deficit of $25.3B, or 6.81% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Pakistan ran a deficit in 35 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 5.32% of GDP for Pakistan.

Inflation comparison by year

Inflation
Bahamas

Pakistan
1x
Year Consumer prices inflation
Bahamas Pakistan
2024 0.41% 12.6%
2023 3.05% 30.8%
2022 5.61% 19.9%
2021 2.9% 9.5%
2020 0.04% 9.74%
2019 2.49% 10.6%
2018 2.27% 5.08%
2017 1.52% 4.09%
2016 -0.35% 3.77%
2015 1.86% 2.53%
2014 1.51% 7.19%
2013 0.72% 7.69%
2012 1.97% 9.68%
2011 3.2% 11.9%
2010 1.34% 12.9%
2009 2.06% 13.6%
2008 4.49% 20.3%
2007 2.49% 7.6%
2006 2.39% 7.92%
2005 1.59% 9.06%
2004 0.98% 7.44%
2003 3.03% 2.91%
2002 2.17% 3.29%
2001 2.04% 3.15%
2000 1.61% 4.37%
1999 1.25% 4.14%
1998 1.34% 6.23%
1997 0.54% 11.4%

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

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

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 9.26% in Pakistan. In 2024, inflation was 0.41% in the Bahamas and 12.6% in Pakistan.

Top exports between countries

Bahamas
Export category Export value
Animal & marine products $4K
Machinery & equipment $3K
Pakistan
Export category Export value
Chemicals & pharma $287K
Processed food, beverages & tobacco $162K
Textiles & consumer goods $18K

Balance of trade

Bahamas Pakistan
Current account balance
-$1.05B
2024
$496M
2024
Current account balance ranking
127/190
2024
63/190
2024
Current account balance, % of GDP
-6.65%
2024
+0.13%
2024
Goods imports
$4.6B
2024
$55.6B
2024
Goods exports
$874M
2024
$32.1B
2024
Service imports
$2.47B
2024
$11.2B
2024
Service exports
$5.9B
2024
$8.1B
2024
Imports of goods and services, % of GDP
41.5%
2024
17.2%
2024
Exports of goods and services, % of GDP
37.8%
2024
10.4%
2024

Economic freedom indices

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

Bahamas Pakistan
Economic freedom 65.1 48.9
Economic freedom ranking 66/197 168/197
Property rights 62.7 25.7
Government integrity 67.1 26.3
Judicial effectiveness 79.8 27.6
Tax burden 96.1 78.2
Government spending 83.8 88.5
Fiscal health 9.1 10.1
Business freedom 69.4 54.4
Labor freedom 66.5 51.7
Monetary freedom 77.2 54.1
Trade freedom 59.4 70.4
Investment freedom 50 60
Financial freedom 60 40

Economic freedom comparison by year

Bahamas
Pakistan
1x
Year Economic freedom index
Bahamas Pakistan
2026 65.1 48.9
2025 63.2 49.1
2024 62.5 49.5
2023 62.6 49.4
2022 68.7 48.8
2021 64.6 51.7
2020 64.5 54.8
2019 62.9 55
2018 63.3 54.4
2017 61.1 52.8
2016 70.9 55.9
2015 68.7 55.6
2014 69.8 55.2
2013 70.1 55.1
2012 68 54.7
2011 68 55.1
2010 67.3 55.2
2009 70.3 57
2008 71.1 55.6
2007 72 57.2
2006 72.3 57.9
2005 72.6 53.3
2004 72.1 54.9
2003 73.5 55
2002 74.4 55.8
2001 74.8 56
2000 73.9 56.4
1999 74.7 53
1998 74.5 53.2
1997 74.5 56
1996 74 58.4
1995 71.8 57.6

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

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

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Pakistan
Services, % of GDP
77.2%
2024
50.7%
2024
Industry, % of GDP
9.63%
2024
20.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
23.7%
2024
GNI, Atlas method
$14.9B
2024
$358B
2024
GNI per capita, PPP
$39,550
2024
$6,100
2024
Total reserves including gold
$2.51B
2023
$18.4B
2024
Total reserves ranking
122/177
2023
63/177
2024
Net foreign direct investment
-$77.6M
2024
-$2.58B
2024
Net inflows of foreign direct investment
$241M
2024
$2.66B
2024
Net outflows of foreign direct investment
$163M
2024
$84M
2024
Servicing debt to the IMF, % of GNI n/a
4.5%
2024
Poverty at national poverty lines
9.3%
2020
21.9%
2018
Gross capital formation, % of GDP
26.8%
2024
13.2%
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/pakistan | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1993, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  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.

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.