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The Bahamas vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while the Bahamas ranked 137th with $12.4B. By GDP 5-years average growth and GDP per capita, Singapore and the Bahamas ranked 76th vs 160th and 10th vs 31st, respectively.

Gross Domestic Product & Income

StatBahamasSingapore
GDP$12.4B$364.2B
GDP growth, 1 year2.3%3.2%
GDP growth, 5-years average0.6%3.3%
Population377k5.9M
GDP per capita$32k$65k
GDP per capita growth0.54%2.66%
Purchasing Power Parity conversion factor10.86
Price level ratio of PPP conversion factor GDP to market exchange rate10.64
GDP per capita, PPP adjusted$33k$100k
GNI, Atlas method$11.8B$331.4B
GNI per capita$31k$59k
GNI, PPP adjusted$11.7B$533.8B
GNI per capita, PPP adjusted$30k$95k

Financial system and Human development

StatBahamasSingapore
Income Tax Rate0%22%
Corporate Tax Rate0%17%
Inflation, consumer prices2.2%0.4%
Inflation, GDP deflator0.7%1.9%
Unemployment11.9%3.8%
Economic Freedom Index64.589.4
Personal Freedom Index8.327.44
Human Freedom Index7.978.1
Property Rights Index54.996.8
Judical Effectiveness Index46.492.9
Business Freedom Index6992.8
Fiscal Health Index69.280
Labor Freedom Index7090.9
Investment Freedom Index5085
Financial Freedom Index6080
Trade Freedom Index47.894.8
Monetary Freedom Index76.385.6
Government Spending Index87.491.1
Tax Burden Index96.890.3
Government Integrity Index4692.4
Corruption Perceptions Index6585
Life expectancy at birth, years73.682.9
Suicide mortality rate, per 100,000 people1.79.9
Mortality caused by road traffic injury, per 100,000 people13.82.8
Intentional homicides, per 100,000 people30.90.2
International tourism, number of arrivals1.6M14.7M

Government debt & reserves

StatBahamasSingapore
Central government debt, % of GDP61%108.3%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI7.1%36.8%
Gross savings, % of GDP12.7%45.8%
Gross capital formation, % of GDP24.5%26.6%
Total reserves including gold$1.4B$292.7B
Foreign direct investment net inflows$491.4M$82B

Exports, imports and economic structure

StatBahamasSingapore
Exports of goods and services, % of GDP36.1%176.4%
Imports of goods and services, % of GDP41.3%149.8%
Current account balance (balance of payments)-$1.5B$65.1B
Revenue excluding grants, % of GDP16.4%18.8%
Grants excluding technical cooperation, BoP$1.7M$1.6M
Personal remittances receivedN/AN/A
Industry including construction value added, % of GDP13%25.2%
Agriculture, forestry and fishing value added, % of GDP0.9%0%
Charges for the use of intellectual property, payments BoP$10.3M$15.2B
Charges for the use of intellectual property, receipts BoPN/A$8.7B
Expense, % of GDP17.9%15.2%
Government Expenditure, % of GDP20.5%17.2%

Compare with countries close by GDP per capita

Bahamas vs

CountryGDP
per capita
Population
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Brunei
$32k
418k
South Korea
$31k
51.1M
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Brunei
$32k
418k