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Economy of Bahamas vs Saudi Arabia compared: GDP & Debt

Updated on by Georank

The Bahamas has a GDP of $15.8B compared to $1.28T for Saudi Arabia, ranking 145/197 and 19/197 by economy size, respectively.

The Bahamas has $11.7B in government debt (73.8% of GDP), compared to $405B (31.7% of GDP) in Saudi Arabia.

Bahamas vs Saudi Arabia GDP by year

Bahamas
Saudi Arabia
1x
Year GDP, current $
Bahamas Saudi Arabia
2025 - $1,276,942,933,333
2024 $15,832,800,000 $1,254,140,800,000
2023 $15,271,300,000 $1,218,584,800,000
2022 $13,896,800,000 $1,239,075,200,000
2021 $12,037,000,000 $982,661,066,667
2020 $10,363,200,000 $767,951,200,000
2019 $13,277,000,000 $888,890,133,333
2018 $12,819,200,000 $886,564,800,000
2017 $12,446,900,000 $741,266,133,333
2016 $11,880,900,000 $689,279,466,667
2015 $11,837,600,000 $693,414,400,000
2014 $11,139,100,000 $787,153,066,667
2013 $10,475,300,000 $769,755,733,333
2012 $10,720,400,000 $751,921,333,333
2011 $10,070,450,000 $680,660,800,000
2010 $10,095,760,000 $528,207,466,667
2009 $9,981,960,000 $429,097,866,667
2008 $10,526,000,000 $519,796,800,000
2007 $10,618,340,000 $415,964,509,673
2006 $10,167,250,000 $376,900,133,511
2005 $9,836,200,000 $328,459,608,764
2004 $9,055,290,000 $258,742,133,333
2003 $8,870,090,000 $215,807,733,333
2002 $8,881,160,000 $189,605,866,667
2001 $8,317,830,000 $184,137,600,000
2000 $8,076,470,000 $189,514,933,333
1999 $7,683,870,000 $161,717,066,667
1998 $6,833,220,000 $146,775,466,667
1997 $6,332,360,000 $165,963,684,913
1996 $3,609,000,000 $158,662,483,311
1995 $3,429,000,000 $143,343,124,166
1994 $3,259,000,000 $135,174,899,866
1993 $3,092,000,000 $132,967,957,276
1992 $3,109,000,000 $137,087,850,467
1991 $3,111,160,000 $132,223,230,975
1990 $3,166,000,000 $117,630,173,565
1989 $3,062,000,000 $95,344,459,279
1988 $2,817,900,000 $88,256,074,766
1987 $2,713,999,900 $85,695,861,148
1986 $2,472,500,000 $86,961,922,765
1985 $2,320,699,900 $103,897,846,494
1984 $2,041,100,000 $119,624,858,116
1983 $1,732,800,000 $129,171,635,311
1982 $1,578,300,000 $153,240,313,858
1981 $1,426,500,000 $184,291,360,139
1980 $1,335,300,000 $164,539,660,725
1979 $1,139,800,100 $111,858,444,786
1978 $832,400,000 $80,266,516,687
1977 $713,000,000 $74,188,986,586
1976 $642,100,000 $64,005,665,722
1975 $596,200,000 $46,773,208,643
1974 $632,400,000 $45,412,957,746
1973 $670,900,000 $14,947,435,499
1972 $590,900,000 $9,664,267,087
1971 $573,400,000 $7,184,806,909
1970 $539,500,000 $5,377,333,333
1969 $538,700,000 $4,485,777,644
1968 $453,800,000 $4,187,777,711
1967 $398,000,000 $3,257,022,223
1966 $346,800,000 $2,920,555,557
1965 $300,272,048 $2,647,955,558
1964 $266,560,043 $2,371,808,713
1963 $237,650,038 $2,207,393,172
1962 $212,170,034 $2,130,606,532
1961 $190,022,030 $1,920,811,284
1960 $169,736,027 $1,748,124,064

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/saudi-arabia | CC BY

GDP per capita in Bahamas vs Saudi Arabia by year

Bahamas
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $34,537 -
2024 $39,455 $41,198 $35,528 $71,375
2023 $38,232 $39,090 $36,157 $71,565
2022 $34,957 $36,791 $38,510 $71,968
2021 $30,368 $31,065 $31,921 $62,690
2020 $26,179 $27,205 $24,339 $47,518
2019 $33,640 $36,116 $29,567 $59,560
2018 $32,642 $35,228 $29,360 $59,378
2017 $31,875 $34,282 $23,929 $53,120
2016 $30,617 $32,285 $22,268 $49,937
2015 $30,719 $32,138 $23,256 $53,931
2014 $29,137 $31,726 $27,805 $62,578
2013 $27,643 $30,294 $27,865 $62,203
2012 $28,552 $31,036 $28,733 $65,034
2011 $27,091 $30,074 $27,127 $64,125
2010 $27,473 $29,625 $22,028 $58,829
2009 $27,513 $29,197 $17,718 $54,787
2008 $29,392 $30,679 $22,320 $57,236
2007 $30,052 $31,232 $18,596 $55,030
2006 $29,185 $30,402 $17,564 $54,639
2005 $28,602 $29,143 $15,976 $53,548
2004 $26,650 $27,660 $13,154 $51,225
2003 $26,429 $27,031 $11,487 $48,078
2002 $26,782 $27,171 $10,586 $45,466
2001 $25,372 $26,351 $10,805 $47,381
2000 $24,940 $25,422 $11,715 $48,644
1999 $24,041 $24,184 $10,452 $47,495
1998 $21,667 $22,556 $9,836 $48,867
1997 $20,368 $21,606 $11,545 $48,796
1996 $11,784 $21,287 $11,472 $48,569
1995 $11,375 $20,377 $10,786 $48,052
1994 $10,991 $19,441 $10,602 $48,904
1993 $10,613 $18,781 $10,885 $49,503
1992 $10,873 $18,636 $11,730 $50,355
1991 $11,082 $19,296 $11,847 $49,295
1990 $11,473 $19,817 $11,055 $46,214
1989 $11,291 - $9,414 -
1988 $10,576 - $9,165 -
1987 $10,361 - $9,386 -
1986 $9,601 - $10,078 -
1985 $9,167 - $12,745 -
1984 $8,202 - $15,541 -
1983 $7,081 - $17,810 -
1982 $6,559 - $22,454 -
1981 $6,029 - $28,703 -
1980 $5,743 - $27,206 -
1979 $4,994 - $19,612 -
1978 $3,720 - $14,914 -
1977 $3,253 - $14,595 -
1976 $2,993 - $13,313 -
1975 $2,841 - $10,266 -
1974 $3,080 - $10,503 -
1973 $3,341 - $3,640 -
1972 $3,014 - $2,474 -
1971 $3,004 - $1,929 -
1970 $2,916 - $1,509 -
1969 $3,027 - $1,313 -
1968 $2,668 - $1,276 -
1967 $2,453 - $1,032 -
1966 $2,239 - $961 -
1965 $2,030 - $904 -
1964 $1,883 - $840 -
1963 $1,759 - $812 -
1962 $1,651 - $813 -
1961 $1,555 - $760 -
1960 $1,459 - $718 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/saudi-arabia | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $34,537 in Saudi Arabia, ranking 36/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Bahamas Saudi Arabia
Gross domestic product
$15.8B
2024
$1.28T
2025
GDP rank
145/197
2024
19/197
2025
GDP growth
3.38%
2023-2024
4.5%
2024-2025
GDP per capita
$39,455
2024
$34,537
2025
GDP per capita rank
30/197
2024
36/197
2025
GDP per capita, PPP
$41,198
2024
$71,375
2024
GDP per capita PPP rank
57/197
2024
24/197
2024
Government debt
$11.7B
2024
$405B
2025
Debt-to-GDP ratio
73.8%
2025
31.7%
2025
Government debt per person
$29,123
2024
$10,956
2025
Government debt per person rank
25/185
2024
57/185
2025
Average annual personal income after taxes
$36,621
2026
$22,010
2026
Market capitalization of domestic companies n/a
$2.36T
2025
Number of millionaires n/a
348,000
2026
Number of billionaires n/a
15
2026
Government expenditure, % of GDP
21.5%
2025
29%
2025
Consumer prices inflation
0.41%
2023-2024
2.08%
2024-2025
Central bank interest rate
4%
2016
4.25%
2025
Unemployment rate
10.3%
2023
3.24%
2025
Population
405486
37955120

Spending and national debt comparison by year

Bahamas
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Bahamas Saudi Arabia
Government spending Government debt Government spending Government debt
2025 21.5% 73.8% 29% 31.7%
2024 21% 73.8% 29.2% 25.9%
2023 23.2% 78.3% 28.3% 23%
2022 25.6% 84.7% 25.3% 21.3%
2021 28.9% 90.7% 28.2% 25.5%
2020 24.8% 71.9% 37.4% 29.7%
2019 20.3% 60.3% 31.8% 20.3%
2018 19.4% 61.5% 32.4% 16.8%
2017 23.1% 54.6% 30.9% 15.9%
2016 19.4% 51.1% 33.3% 12.2%
2015 18.4% 49.9% 38.5% 5.47%
2014 18.1% 47.7% 38.6% 1.5%
2013 18.1% 44.2% 34.5% 2.08%
2012 17% 37.6% 32.5% 2.97%
2011 17.1% 35.3% 32.4% 5.31%
2010 15.4% 33.9% 33% 8.43%
2009 15.2% 30.1% 37.1% 14%
2008 14.3% 25.3% 26.7% 12.1%
2007 13.6% 23.5% 29.5% 17.1%
2006 13.2% 23.2% 27.3% 25.8%
2005 12.9% 23% 28.2% 37.3%
2004 12.5% 21.6% 31.1% 62.9%
2003 11.8% 20.8% 33.1% 81.6%
2002 11.6% 19.4% 35.9% 96.4%
2001 11.4% 18.5% 36.9% 93.1%
2000 11.6% 19.2% 33.1% 86.7%
1999 9.3% 19.8% 30.3% 103%
1998 12% 20.8% 34.5% 101.5%
1997 12.9% 21.5% 35.6% 76.7%
1996 11.5% 20.7% 33.3% 75.2%
1995 11.5% 21% 32.4% 74.2%
1994 11.7% 20.9% 33.8% 67.9%
1993 11.5% 19.7% 37.7% 58.6%
1992 11.8% 17.9% 41.2% 47.8%
1991 11.9% 15.3% 34.9% 39.4%
1990 11.4% 13.2% 39.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/saudi-arabia | CC BY

In 2025, the Bahamas' government spending was $3.32B, accounting for 21.5% of its GDP, while Saudi Arabia spent $370B, or 29% of GDP.

Debt-to-GDP ratio is 73.8% in the Bahamas and 31.7% in Saudi Arabia, ranking 52/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Bahamas Saudi Arabia
2025 -0.49% -5.77%
2024 -1.2% -2.46%
2023 -3.65% -1.77%
2022 -5.53% 2.24%
2021 -11.9% -1.99%
2020 -7.11% -10.2%
2019 -1.68% -3.96%
2018 -3.28% -5.21%
2017 -6.05% -8.57%
2016 -2.61% -13.2%
2015 -3.34% -14.9%
2014 -4.51% -3.4%
2013 -5.1% 5.47%
2012 -3.25% 11.7%
2011 -2.87% 11.4%
2010 -2.57% 4.39%
2009 -2.39% -5.38%
2008 -0.82% 29.8%
2007 -0.77% 11.8%
2006 -0.44% 20.8%
2005 -1.16% 18%
2004 -1.95% 9.72%
2003 -1.63% 1.2%
2002 -1.67% -5.91%
2001 0.3% -3.91%
2000 0.09% 3.18%
1999 1.78% -5.99%
1998 -0.43% -8.88%
1997 -1.6% -2.51%
1996 -0.15% -3.25%
1995 0.18% -5.12%
1994 -0.4% -8.31%
1993 -1.05% -9.33%
1992 -2.23% -8.12%
1991 -2.27% -3.28%
1990 -2.64% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/saudi-arabia | CC BY

In 2024, the Bahamas' government deficit, the difference between spending and revenue, was $190M, equivalent to 1.2% of GDP. This compares to Saudi Arabia's deficit of $30.9B, or 2.46% of GDP.

Over the past 34 years, the Bahamas recorded a fiscal deficit in 30 of those years, while Saudi Arabia ran a deficit in 22 years. On average, the Bahamas posted an annual deficit equal to 2.39% of GDP, compared to deficit of 0.18% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Bahamas

Saudi Arabia
1x
Year Consumer prices inflation
Bahamas Saudi Arabia
2025 - 2.08%
2024 0.41% 1.69%
2023 3.05% 2.33%
2022 5.61% 2.47%
2021 2.9% 3.06%
2020 0.04% 3.37%
2019 2.49% -1.19%
2018 2.27% 2.47%
2017 1.52% -0.83%
2016 -0.35% 2.05%
2015 1.86% 1.22%
2014 1.51% 2.24%
2013 0.72% 3.51%
2012 1.97% 2.87%
2011 3.2% 5.83%
2010 1.34% 5.34%
2009 2.06% 5.06%
2008 4.49% 9.87%
2007 2.49% 4.17%
2006 2.39% 2.21%
2005 1.59% 0.48%
2004 0.98% 0.52%
2003 3.03% 0.61%
2002 2.17% 0.25%
2001 2.04% -1.12%
2000 1.61% -1.12%
1999 1.25% -1.33%
1998 1.34% -0.37%
1997 0.54% 0.06%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/saudi-arabia | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 1.99% in Saudi Arabia. In 2024, inflation was 0.41% in the Bahamas and 2.08% in Saudi Arabia.

Top exports between countries

Bahamas
Export category Export value
Saudi Arabia
Export category Export value
Raw materials & minerals $70.1M
Chemicals & pharma $7.14M
Metals $300K
Machinery & equipment $84K
Miscellaneous $1K

Balance of trade

Bahamas Saudi Arabia
Current account balance
-$1.05B
2024
-$32.7B
2025
Current account balance ranking
120/190
2024
185/190
2025
Current account balance, % of GDP
-6.65%
2024
-2.56%
2025
Goods imports
$4.6B
2024
$230B
2025
Goods exports
$874M
2024
$311B
2025
Service imports
$2.47B
2024
$129B
2025
Service exports
$5.9B
2024
$69.4B
2025
Imports of goods and services, % of GDP
41.5%
2024
28.2%
2025
Exports of goods and services, % of GDP
37.8%
2024
29.7%
2025

Economic freedom indices

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

Bahamas Saudi Arabia
Economic freedom 65.1 65.4
Economic freedom ranking 66/197 65/197
Property rights 62.7 51.4
Government integrity 67.1 52.7
Judicial effectiveness 79.8 38.2
Tax burden 96.1 99.2
Government spending 83.8 77
Fiscal health 9.1 97.9
Business freedom 69.4 71.2
Labor freedom 66.5 41.8
Monetary freedom 77.2 81.2
Trade freedom 59.4 73.8
Investment freedom 50 50
Financial freedom 60 50

Economic freedom comparison by year

Bahamas
Saudi Arabia
1x
Year Economic freedom index
Bahamas Saudi Arabia
2026 65.1 65.4
2025 63.2 64.4
2024 62.5 61.9
2023 62.6 58.3
2022 68.7 55.5
2021 64.6 66
2020 64.5 62.4
2019 62.9 60.7
2018 63.3 59.6
2017 61.1 64.4
2016 70.9 62.1
2015 68.7 62.1
2014 69.8 62.2
2013 70.1 60.6
2012 68 62.5
2011 68 66.2
2010 67.3 64.1
2009 70.3 64.3
2008 71.1 62.5
2007 72 60.9
2006 72.3 63
2005 72.6 63
2004 72.1 60.4
2003 73.5 63.2
2002 74.4 65.3
2001 74.8 62.2
2000 73.9 66.5
1999 74.7 65.5
1998 74.5 69.3
1997 74.5 68.7
1996 74 68.3
1995 71.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/saudi-arabia | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Saudi Arabia
Services, % of GDP
77.2%
2024
48.9%
2025
Industry, % of GDP
9.63%
2024
43%
2025
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
2.59%
2025
GNI, Atlas method
$14.9B
2024
$1.33T
2025
GNI per capita, PPP
$39,610
2024
$74,400
2025
Total reserves including gold
$2.63B
2024
$505B
2025
Total reserves ranking
123/177
2024
8/177
2025
Net foreign direct investment
-$77.6M
2024
-$5.6B
2025
Net inflows of foreign direct investment
$241M
2024
$21.3B
2024
Net outflows of foreign direct investment
$163M
2024
$27.6B
2024
Poverty at national poverty lines
9.3%
2020
n/a
Gross capital formation, % of GDP
26.8%
2024
31.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/bahamas/saudi-arabia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.