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Economy of Bahamas vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $1.16B for Saint Vincent, ranking 140/197 and 186/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Bahamas vs Saint Vincent GDP by year

Bahamas
Saint Vincent
1x
Year GDP, current $
Bahamas Saint Vincent
2024 $15,832,800,000 $1,157,207,407
2023 $15,271,300,000 $1,072,237,037
2022 $13,896,800,000 $989,188,889
2021 $12,037,000,000 $888,677,778
2020 $10,363,200,000 $864,566,667
2019 $13,277,000,000 $910,481,481
2018 $12,819,200,000 $884,329,630
2017 $12,446,900,000 $844,040,741
2016 $11,880,900,000 $814,303,704
2015 $11,837,600,000 $786,555,556
2014 $11,139,100,000 $770,900,000
2013 $10,475,300,000 $764,781,259
2012 $10,720,400,000 $730,032,593
2011 $10,070,450,000 $713,796,370
2010 $10,095,760,000 $720,447,889
2009 $9,981,960,000 $714,300,259
2008 $10,526,000,000 $732,663,259
2007 $10,618,340,000 $713,596,667
2006 $10,167,250,000 $643,501,148
2005 $9,836,200,000 $579,948,926
2004 $9,055,290,000 $549,900,185
2003 $8,870,090,000 $509,090,889
2002 $8,881,160,000 $487,763,852
2001 $8,317,830,000 $462,072,333
2000 $8,076,470,000 $427,946,037
1999 $7,683,870,000 $390,718,519
1998 $6,833,220,000 $373,618,519
1997 $6,332,360,000 $347,770,370
1996 $3,609,000,000 $331,488,889
1995 $3,429,000,000 $316,007,407
1994 $3,259,000,000 $289,437,037
1993 $3,092,000,000 $286,307,407
1992 $3,109,000,000 $277,955,556
1991 $3,111,160,000 $254,829,630
1990 $3,166,000,000 $240,366,667
1989 $3,062,000,000 $214,745,002
1988 $2,817,900,000 $200,726,713
1987 $2,713,999,900 $175,580,647
1986 $2,472,500,000 $160,846,657
1985 $2,320,699,900 $145,641,705
1984 $2,041,100,000 $135,024,988
1983 $1,732,800,000 $122,255,350
1982 $1,578,300,000 $113,759,203
1981 $1,426,500,000 $102,086,539
1980 $1,335,300,000 $82,340,340
1979 $1,139,800,100 $71,096,360
1978 $832,400,000 $60,844,771
1977 $713,000,000 $49,353,162
1976 $642,100,000 $32,792,845
1975 $596,200,000 $33,237,226
1974 $632,400,000 $32,923,703
1973 $670,900,000 $30,165,081
1972 $590,900,000 $27,585,805
1971 $573,400,000 $20,051,922
1970 $539,500,000 $18,450,000
1969 $538,700,000 $16,650,000
1968 $453,800,000 $15,350,000
1967 $398,000,000 $15,835,106
1966 $346,800,000 $16,099,960
1965 $300,272,048 $15,108,296
1964 $266,560,043 $14,758,296
1963 $237,650,038 $13,708,299
1962 $212,170,034 $14,524,964
1961 $190,022,030 $13,999,965
1960 $169,736,027 $13,066,634

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

GeoRank.org/economy/bahamas/saint-vincent | CC BY

GDP per capita in Bahamas vs Saint Vincent by year

Bahamas
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $11,501 $21,272
2023 $38,232 $39,090 $10,582 $19,820
2022 $34,957 $36,791 $9,694 $18,035
2021 $30,368 $31,065 $8,641 $16,201
2020 $26,179 $27,205 $8,351 $15,337
2019 $33,640 $36,116 $8,741 $15,340
2018 $32,642 $35,228 $8,428 $14,690
2017 $31,875 $34,282 $7,988 $13,575
2016 $30,617 $32,285 $7,657 $13,493
2015 $30,719 $32,138 $7,354 $12,379
2014 $29,137 $31,726 $7,169 $12,136
2013 $27,643 $30,294 $7,072 $11,625
2012 $28,552 $31,036 $6,714 $10,989
2011 $27,091 $30,074 $6,528 $10,774
2010 $27,473 $29,625 $6,552 $10,561
2009 $27,513 $29,197 $6,464 $10,869
2008 $29,392 $30,679 $6,599 $10,902
2007 $30,052 $31,232 $6,398 $10,604
2006 $29,185 $30,402 $5,745 $9,949
2005 $28,602 $29,143 $5,157 $8,986
2004 $26,650 $27,660 $4,873 $8,472
2003 $26,429 $27,031 $4,500 $7,903
2002 $26,782 $27,171 $4,303 $7,250
2001 $25,372 $26,351 $4,071 $6,768
2000 $24,940 $25,422 $3,769 $6,503
1999 $24,041 $24,184 $3,447 $6,266
1998 $21,667 $22,556 $3,301 $6,026
1997 $20,368 $21,606 $3,074 $5,726
1996 $11,784 $21,287 $2,930 $5,440
1995 $11,375 $20,377 $2,795 $5,277
1994 $10,991 $19,441 $2,563 $4,802
1993 $10,613 $18,781 $2,540 $4,769
1992 $10,873 $18,636 $2,471 $4,477
1991 $11,082 $19,296 $2,271 $4,126
1990 $11,473 $19,817 $2,150 $3,960
1989 $11,291 - $1,930 -
1988 $10,576 - $1,814 -
1987 $10,361 - $1,596 -
1986 $9,601 - $1,472 -
1985 $9,167 - $1,342 -
1984 $8,202 - $1,254 -
1983 $7,081 - $1,144 -
1982 $6,559 - $1,074 -
1981 $6,029 - $972 -
1980 $5,743 - $790 -
1979 $4,994 - $687 -
1978 $3,720 - $592 -
1977 $3,253 - $484 -
1976 $2,993 - $324 -
1975 $2,841 - $331 -
1974 $3,080 - $331 -
1973 $3,341 - $306 -
1972 $3,014 - $282.1 -
1971 $3,004 - $207 -
1970 $2,916 - $192.3 -
1969 $3,027 - $175.2 -
1968 $2,668 - $163.1 -
1967 $2,453 - $170 -
1966 $2,239 - $174.9 -
1965 $2,030 - $166.2 -
1964 $1,883 - $164.4 -
1963 $1,759 - $154.9 -
1962 $1,651 - $166.5 -
1961 $1,555 - $163 -
1960 $1,459 - $154.8 -

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

GeoRank.org/economy/bahamas/saint-vincent | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Bahamas Saint Vincent
Gross domestic product
$15.8B
2024
$1.16B
2024
GDP rank
140/197
2024
186/197
2024
GDP growth
3.38%
2023-2024
4.06%
2023-2024
GDP per capita
$39,455
2024
$11,501
2024
GDP per capita rank
30/197
2024
81/197
2024
GDP per capita, PPP
$41,198
2024
$21,272
2024
GDP per capita PPP rank
57/197
2024
92/197
2024
Government debt
$11.5B
2024
$1.07B
2024
Debt-to-GDP ratio
72.5%
2024
92.7%
2024
Government debt per person
$28,616
2024
$10,659
2024
Government debt per person rank
25/185
2024
56/185
2024
Average annual personal income after taxes
$29,535
2026
$12,573
2026
Government expenditure, % of GDP
20.6%
2024
39.1%
2024
Consumer prices inflation
0.41%
2023-2024
3.63%
2023-2024
Central bank interest rate
4%
2016
n/a
Unemployment rate
8.65%
2023
18.8%
2008
Population
405203
99237

Spending and national debt comparison by year

Bahamas
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Bahamas Saint Vincent
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 39.1% 92.7%
2023 22.2% 74.8% 38.9% 89.4%
2022 23.9% 79.1% 36.6% 86.3%
2021 26.9% 84.5% 37.2% 88.4%
2020 28.2% 81.9% 32.9% 80.2%
2019 19.9% 59.3% 29.2% 68.2%
2018 19.2% 60.6% 26.3% 69.4%
2017 22.5% 53.4% 26.6% 69%
2016 19.4% 51% 27.1% 79.4%
2015 17.9% 48.5% 27.6% 75.1%
2014 17.6% 46.3% 30.4% 75%
2013 18.4% 44.8% 29.4% 69.9%
2012 16.5% 36.4% 26.5% 68.1%
2011 17.1% 35.3% 29.4% 64%
2010 15.3% 33.7% 31.1% 61.1%
2009 15.6% 30.9% 31% 57.2%
2008 14.4% 25.5% 28.4% 50.3%
2007 13.3% 23% 27.1% 48.5%
2006 13% 22.8% 26.1% 44.7%
2005 12.3% 22% 26.7% 50.5%
2004 12.4% 21.4% 24.9% 58.6%
2003 11.8% 20.9% 26% 55.3%
2002 11.3% 18.8% 25.7% 53.2%
2001 11.2% 18.2% 24.4% 52%
2000 11.3% 18.7% 23.8% 54.3%
1999 8.78% 18.7% 25.2% 52.9%
1998 11.6% 20% 25.2% 39.5%
1997 12.5% 20.8% 26% 38.8%
1996 11.2% 20.2% 20.9% 40.7%
1995 11.2% 20.5% 19.9% 46.8%
1994 11.4% 20.4% 22.4% 52.8%
1993 11.5% 19.8% 22.3% 48.1%
1992 11.8% 17.9% 25.4% 49.6%
1991 12% 15.4% 25.5% 52.1%
1990 11.4% 13.2% 23.1% 53.9%
1989 - - 27.6% -
1988 - - 24.8% -
1987 - - 23.7% -
1986 - - 22.3% -
1985 - - 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/saint-vincent | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 92.7% in Saint Vincent, ranking 53/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Bahamas Saint Vincent
2024 -1.18% -12.9%
2023 -3.49% -12%
2022 -5.16% -9.35%
2021 -11.1% -7.19%
2020 -8.09% -5.92%
2019 -1.65% -3.45%
2018 -3.24% -1.65%
2017 -5.92% -1.56%
2016 -2.61% 0.04%
2015 -3.24% -2.01%
2014 -4.38% -2.82%
2013 -5.16% -5.81%
2012 -3.15% -1.81%
2011 -2.87% -3.5%
2010 -2.56% -3.7%
2009 -2.45% -2.85%
2008 -0.83% -1.3%
2007 -0.76% -3.07%
2006 -0.43% -3.13%
2005 -1.11% -4.3%
2004 -1.93% -2.71%
2003 -1.63% -2.51%
2002 -1.62% -2%
2001 0.3% -1.6%
2000 0.09% -0.82%
1999 1.68% -1.93%
1998 -0.41% -1.81%
1997 -1.56% -2.77%
1996 -0.15% 1.57%
1995 0.18% 1.08%
1994 -0.39% 0.12%
1993 -1.05% -1.46%
1992 -2.23% -3.25%
1991 -2.29% -0.47%
1990 -2.64% 1.69%
1989 - -1.92%
1988 - 0.59%
1987 - 1.1%
1986 - 2.32%
1985 - 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/saint-vincent | 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 Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 35 years, the Bahamas recorded a fiscal deficit in 31 of those years, while Saint Vincent ran a deficit in 30 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 3% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Bahamas

Saint Vincent
1x
Year Consumer prices inflation
Bahamas Saint Vincent
2024 0.41% 3.63%
2023 3.05% 4.56%
2022 5.61% 5.66%
2021 2.9% 1.57%
2020 0.04% -0.63%
2019 2.49% 0.91%
2018 2.27% 2.32%
2017 1.52% 2.15%
2016 -0.35% -0.15%
2015 1.86% -1.73%
2014 1.51% 0.19%
2013 0.72% 0.81%
2012 1.97% 2.6%
2011 3.2% 3.19%
2010 1.34% 0.75%
2009 2.06% 0.42%
2008 4.49% 10.1%
2007 2.49% 7.24%
2006 2.39% 2.74%
2005 1.59% 3.73%
2004 0.98% 2.96%
2003 3.03% 0.21%
2002 2.17% 1.86%
2001 2.04% 0.9%
2000 1.61% 0.17%
1999 1.25% 1.01%
1998 1.34% 2.14%
1997 0.54% 0.44%

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

GeoRank.org/economy/bahamas/saint-vincent | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.13% in Saint Vincent. In 2024, inflation was 0.41% in the Bahamas and 3.63% in Saint Vincent.

Top exports between countries

Bahamas
Export category Export value
Saint Vincent
Export category Export value
Machinery & equipment $36K
Raw agricultural goods $5K
Textiles & consumer goods $1K

Balance of trade

Bahamas Saint Vincent
Current account balance
-$1.05B
2024
-$157M
2024
Current account balance ranking
127/190
2024
93/190
2024
Current account balance, % of GDP
-6.65%
2024
-13.5%
2024
Goods imports
$4.6B
2024
$445M
2024
Goods exports
$874M
2024
$59.2M
2024
Service imports
$2.47B
2024
$196M
2024
Service exports
$5.9B
2024
$366M
2024
Imports of goods and services, % of GDP
41.5%
2024
n/a
Exports of goods and services, % of GDP
37.8%
2024
15.3%
2025

Economic freedom indices

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

Bahamas Saint Vincent
Economic freedom 65.1 60
Economic freedom ranking 66/197 98/197
Property rights 62.7 65.2
Government integrity 67.1 63.3
Judicial effectiveness 79.8 76.9
Tax burden 96.1 82
Government spending 83.8 56.2
Fiscal health 9.1 2.8
Business freedom 69.4 67.3
Labor freedom 66.5 60.1
Monetary freedom 77.2 77.3
Trade freedom 59.4 58.8
Investment freedom 50 70
Financial freedom 60 40

Economic freedom comparison by year

Bahamas
Saint Vincent
1x
Year Economic freedom index
Bahamas Saint Vincent
2026 65.1 60
2025 63.2 60.1
2024 62.5 59.8
2023 62.6 63.5
2022 68.7 65.7
2021 64.6 66.3
2020 64.5 66.8
2019 62.9 65.8
2018 63.3 67.7
2017 61.1 65.2
2016 70.9 68.8
2015 68.7 68
2014 69.8 67
2013 70.1 66.7
2012 68 66.5
2011 68 66.9
2010 67.3 66.9
2009 70.3 64.3
2008 71.1 -
2007 72 -
2006 72.3 -
2005 72.6 -
2004 72.1 -
2003 73.5 -
2002 74.4 -
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 2026-03-09).

GeoRank.org/economy/bahamas/saint-vincent | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Saint Vincent
Services, % of GDP
77.2%
2024
66.4%
2024
Industry, % of GDP
9.63%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
3.55%
2024
GNI, Atlas method
$14.9B
2024
$1.11B
2024
GNI per capita, PPP
$39,550
2024
$21,150
2024
Total reserves including gold
$2.51B
2023
$317M
2024
Total reserves ranking
122/177
2023
167/177
2024
Net foreign direct investment
-$77.6M
2024
-$74M
2024
Net inflows of foreign direct investment
$241M
2024
$139M
2024
Net outflows of foreign direct investment
$163M
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI n/a
3.84%
2024
Poverty at national poverty lines
9.3%
2020
n/a
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/saint-vincent | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20)
  6. TradeMap (2020–2023, 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.