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Economy of Bahamas vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $552B for the United Arab Emirates, ranking 140/197 and 27/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Bahamas vs United Arab Emirates GDP by year

Bahamas
United Arab Emirates
1x
Year GDP, current $
Bahamas UAE
2024 $15,832,800,000 $552,324,846,835
2023 $15,271,300,000 $522,622,191,967
2022 $13,896,800,000 $511,403,403,676
2021 $12,037,000,000 $422,441,388,700
2020 $10,363,200,000 $357,161,878,829
2019 $13,277,000,000 $433,926,208,305
2018 $12,819,200,000 $440,560,108,918
2017 $12,446,900,000 $403,365,010,211
2016 $11,880,900,000 $381,717,086,453
2015 $11,837,600,000 $381,973,042,886
2014 $11,139,100,000 $424,935,874,745
2013 $10,475,300,000 $409,632,675,289
2012 $10,720,400,000 $392,793,464,942
2011 $10,070,450,000 $368,881,143,635
2010 $10,095,760,000 $307,736,419,333
2009 $9,981,960,000 $253,547,358,747
2008 $10,526,000,000 $315,474,615,739
2007 $10,618,340,000 $257,916,133,424
2006 $10,167,250,000 $222,116,541,865
2005 $9,836,200,000 $180,617,467,965
2004 $9,055,290,000 $147,824,370,320
2003 $8,870,090,000 $124,346,358,067
2002 $8,881,160,000 $109,816,201,498
2001 $8,317,830,000 $103,311,640,572
2000 $8,076,470,000 $104,337,372,362
1999 $7,683,870,000 $84,445,473,111
1998 $6,833,220,000 $75,674,336,283
1997 $6,332,360,000 $78,839,008,445
1996 $3,609,000,000 $73,571,233,996
1995 $3,429,000,000 $65,743,666,576
1994 $3,259,000,000 $59,305,093,980
1993 $3,092,000,000 $55,625,170,253
1992 $3,109,000,000 $54,239,171,888
1991 $3,111,160,000 $51,552,165,622
1990 $3,166,000,000 $50,701,443,748
1989 $3,062,000,000 $41,464,995,914
1988 $2,817,900,000 $36,275,674,203
1987 $2,713,999,900 $36,384,908,744
1986 $2,472,500,000 $33,943,612,095
1985 $2,320,699,900 $40,603,650,232
1984 $2,041,100,000 $41,807,954,236
1983 $1,732,800,000 $42,803,323,345
1982 $1,578,300,000 $46,622,718,605
1981 $1,426,500,000 $49,333,424,135
1980 $1,335,300,000 $43,599,160,050
1979 $1,139,800,100 $31,225,659,621
1978 $832,400,000 $23,775,764,225
1977 $713,000,000 $24,871,775,165
1976 $642,100,000 $19,213,158,779
1975 $596,200,000 $14,720,728,249
1974 $632,400,000 $11,651,505,689
1973 $670,900,000 $4,231,243,616
1972 $590,900,000 $1,415,086,929
1971 $573,400,000 $939,893,600
1970 $539,500,000 $685,986,701
1969 $538,700,000 -
1968 $453,800,000 -
1967 $398,000,000 -
1966 $346,800,000 -
1965 $300,272,048 -
1964 $266,560,043 -
1963 $237,650,038 -
1962 $212,170,034 -
1961 $190,022,030 -
1960 $169,736,027 -

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

GeoRank.org/economy/bahamas/united-arab-emirates | CC BY

GDP per capita in Bahamas vs United Arab Emirates by year

Bahamas
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $50,274 $79,229
2023 $38,232 $39,090 $49,851 $77,955
2022 $34,957 $36,791 $50,760 $75,072
2021 $30,368 $31,065 $44,119 $68,580
2020 $26,179 $27,205 $37,992 $66,791
2019 $33,640 $36,116 $45,939 $79,816
2018 $32,642 $35,228 $47,135 $77,446
2017 $31,875 $34,282 $43,734 $70,282
2016 $30,617 $32,285 $42,721 $69,987
2015 $30,719 $32,138 $44,910 $73,986
2014 $29,137 $31,726 $52,725 $87,478
2013 $27,643 $30,294 $53,247 $87,526
2012 $28,552 $31,036 $53,142 $89,198
2011 $27,091 $30,074 $51,922 $89,665
2010 $27,473 $29,625 $44,795 $85,120
2009 $27,513 $29,197 $37,803 $84,780
2008 $29,392 $30,679 $50,054 $94,628
2007 $30,052 $31,232 $45,855 $100,813
2006 $29,185 $30,402 $44,343 $106,814
2005 $28,602 $29,143 $38,719 $101,301
2004 $26,650 $27,660 $33,377 $98,661
2003 $26,429 $27,031 $29,660 $92,636
2002 $26,782 $27,171 $27,754 $88,467
2001 $25,372 $26,351 $27,745 $90,370
2000 $24,940 $25,422 $29,866 $92,899
1999 $24,041 $24,184 $25,856 $87,658
1998 $21,667 $22,556 $24,889 $90,229
1997 $20,368 $21,606 $27,983 $96,009
1996 $11,784 $21,287 $28,323 $94,620
1995 $11,375 $20,377 $27,003 $93,702
1994 $10,991 $19,441 $25,473 $89,959
1993 $10,613 $18,781 $25,033 $86,330
1992 $10,873 $18,636 $25,648 $87,509
1991 $11,082 $19,296 $25,691 $87,250
1990 $11,473 $19,817 $26,710 $88,455
1989 $11,291 - $23,167 -
1988 $10,576 - $21,570 -
1987 $10,361 - $23,113 -
1986 $9,601 - $23,132 -
1985 $9,167 - $29,468 -
1984 $8,202 - $32,012 -
1983 $7,081 - $34,650 -
1982 $6,559 - $39,972 -
1981 $6,029 - $44,854 -
1980 $5,743 - $42,925 -
1979 $4,994 - $34,238 -
1978 $3,720 - $29,379 -
1977 $3,253 - $35,020 -
1976 $2,993 - $31,197 -
1975 $2,841 - $27,117 -
1974 $3,080 - $23,823 -
1973 $3,341 - $9,696 -
1972 $3,014 - $3,675 -
1971 $3,004 - $2,805 -
1970 $2,916 - $2,394 -
1969 $3,027 - - -
1968 $2,668 - - -
1967 $2,453 - - -
1966 $2,239 - - -
1965 $2,030 - - -
1964 $1,883 - - -
1963 $1,759 - - -
1962 $1,651 - - -
1961 $1,555 - - -
1960 $1,459 - - -

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

GeoRank.org/economy/bahamas/united-arab-emirates | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Bahamas UAE
Gross domestic product
$15.8B
2024
$552B
2024
GDP rank
140/197
2024
27/197
2024
GDP growth
3.38%
2023-2024
3.99%
2023-2024
GDP per capita
$39,455
2024
$50,274
2024
GDP per capita rank
30/197
2024
24/197
2024
GDP per capita, PPP
$41,198
2024
$79,229
2024
GDP per capita PPP rank
57/197
2024
16/197
2024
Government debt
$11.5B
2024
$193B
2024
Debt-to-GDP ratio
72.5%
2024
34.9%
2024
Government debt per person
$28,616
2024
$17,568
2024
Government debt per person rank
25/185
2024
36/185
2024
Average annual personal income after taxes
$29,535
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10% n/a
20.5%
2018
Income share by poorest 10% n/a
2.8%
2018
Government expenditure, % of GDP
20.6%
2024
21.4%
2024
Consumer prices inflation
0.41%
2023-2024
1.7%
2023-2024
Central bank interest rate
4%
2016
3.65%
2025
Unemployment rate
8.65%
2023
1.88%
2024
Population
405203
11686438

Spending and national debt comparison by year

Bahamas
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Bahamas UAE
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 21.4% 34.9%
2023 22.2% 74.8% 22.7% 31.9%
2022 23.9% 79.1% 22.7% 31.5%
2021 26.9% 84.5% 25.9% 35.7%
2020 28.2% 81.9% 30.5% 30.1%
2019 19.9% 59.3% 27.4% 25.8%
2018 19.2% 60.6% 25.9% 20.7%
2017 22.5% 53.4% 27.2% 21.2%
2016 19.4% 51% 31.7% 18.6%
2015 17.9% 48.5% 26.4% 15.6%
2014 17.6% 46.3% 31.4% 13.5%
2013 18.4% 44.8% 28.9% 15.3%
2012 16.5% 36.4% 27.8% 20.2%
2011 17.1% 35.3% 29.6% 20.4%
2010 15.3% 33.7% 30.4% 18.3%
2009 15.6% 30.9% 35% 21.1%
2008 14.4% 25.5% 22% 8.95%
2007 13.3% 23% 17.7% 8.89%
2006 13% 22.8% 15.6% 5.05%
2005 12.3% 22% 15.7% 4.48%
2004 12.4% 21.4% 17.7% 4.08%
2003 11.8% 20.9% 20% 3.33%
2002 11.3% 18.8% 21.3% 3.43%
2001 11.2% 18.2% 25.2% 2.69%
2000 11.3% 18.7% 21.8% 3.12%
1999 8.78% 18.7% 24.3% 4.73%
1998 11.6% 20% 25.8% 4.18%
1997 12.5% 20.8% 22.6% 2.86%
1996 11.2% 20.2% 27.6% 3.48%
1995 11.2% 20.5% 26.1% 5.06%
1994 11.4% 20.4% 30.1% 5.58%
1993 11.5% 19.8% 31.5% 6.01%
1992 11.8% 17.9% 29.6% 5.31%
1991 12% 15.4% 36% 4.97%
1990 11.4% 13.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/united-arab-emirates | CC BY

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 34.9% in the United Arab Emirates, ranking 53/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Bahamas UAE
2024 -1.18% 6.41%
2023 -3.49% 5.82%
2022 -5.16% 9.8%
2021 -11.1% 3.96%
2020 -8.09% -2.42%
2019 -1.65% 2.5%
2018 -3.24% 3.65%
2017 -5.92% -0.16%
2016 -2.61% -2.95%
2015 -3.24% -6.35%
2014 -4.38% 1.74%
2013 -5.16% 7.99%
2012 -3.15% 8.59%
2011 -2.87% 5.05%
2010 -2.56% 0.52%
2009 -2.45% -6.13%
2008 -0.83% 17.6%
2007 -0.76% 17.1%
2006 -0.43% 20.2%
2005 -1.11% 16%
2004 -1.93% 6.4%
2003 -1.63% 2.35%
2002 -1.62% -1.24%
2001 0.3% 1.21%
2000 0.09% 10.7%
1999 1.68% 1.31%
1998 -0.41% 1%
1997 -1.56% 6.71%
1996 -0.15% 0.92%
1995 0.18% 3.58%
1994 -0.39% -1.78%
1993 -1.05% -2.89%
1992 -2.23% 3.34%
1991 -2.29% 3.89%
1990 -2.64% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahamas/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, the Bahamas recorded a fiscal deficit in 30 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, the Bahamas posted an annual deficit equal to 2.36% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Bahamas

United Arab Emirates
1x
Year Consumer prices inflation
Bahamas UAE
2024 0.41% 1.7%
2023 3.05% 1.6%
2022 5.61% 4.8%
2021 2.9% -0.1%
2020 0.04% -2.1%
2019 2.49% -1.9%
2018 2.27% 3.1%
2017 1.52% 2%
2016 -0.35% 1.6%
2015 1.86% 4.1%
2014 1.51% 2.3%
2013 0.72% 1.1%
2012 1.97% 0.7%
2011 3.2% 0.9%
2010 1.34% 0.9%
2009 2.06% -4.7%
2008 4.49% 12.3%
2007 2.49% 11.1%
2006 2.39% 9.3%
2005 1.59% 6.2%
2004 0.98% 5%
2003 3.03% 3.1%
2002 2.17% 2.9%
2001 2.04% 2.8%
2000 1.61% 1.3%
1999 1.25% 2.1%
1998 1.34% 2%
1997 0.54% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahamas/united-arab-emirates | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 0.41% in the Bahamas and 1.7% in the United Arab Emirates.

Top exports between countries

Bahamas
Export category Export value
Animal & marine products $157K
UAE
Export category Export value
Machinery & equipment $681K
Metals $416K
Processed food, beverages & tobacco $120K
Wood & paper products $109K
Textiles & consumer goods $88K
Animal & marine products $87K
Raw materials & minerals $40K
Chemicals & pharma $22K
Precious metals & jewellery $18K
Miscellaneous $1K

Balance of trade

Bahamas UAE
Current account balance
-$1.05B
2024
$80B
2024
Current account balance ranking
127/190
2024
9/190
2024
Current account balance, % of GDP
-6.65%
2024
+14.5%
2024
Goods imports
$4.6B
2024
$400B
2024
Goods exports
$874M
2024
$467B
2024
Service imports
$2.47B
2024
$117B
2024
Service exports
$5.9B
2024
$181B
2024
Imports of goods and services, % of GDP
41.5%
2024
92.2%
2023
Exports of goods and services, % of GDP
37.8%
2024
106.8%
2023

Economic freedom indices

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

Bahamas UAE
Economic freedom 65.1 71.9
Economic freedom ranking 66/197 29/197
Property rights 62.7 62.9
Government integrity 67.1 65.3
Judicial effectiveness 79.8 34.4
Tax burden 96.1 99.9
Government spending 83.8 85.1
Fiscal health 9.1 97.6
Business freedom 69.4 84.5
Labor freedom 66.5 63.2
Monetary freedom 77.2 81.2
Trade freedom 59.4 78.6
Investment freedom 50 50
Financial freedom 60 60

Economic freedom comparison by year

Bahamas
United Arab Emirates
1x
Year Economic freedom index
Bahamas UAE
2026 65.1 71.9
2025 63.2 71.6
2024 62.5 71.1
2023 62.6 70.9
2022 68.7 70.2
2021 64.6 76.9
2020 64.5 76.2
2019 62.9 77.6
2018 63.3 77.6
2017 61.1 76.9
2016 70.9 72.6
2015 68.7 72.4
2014 69.8 71.4
2013 70.1 71.1
2012 68 69.3
2011 68 67.8
2010 67.3 67.3
2009 70.3 64.7
2008 71.1 62.6
2007 72 62.6
2006 72.3 62.2
2005 72.6 65.2
2004 72.1 67.2
2003 73.5 73.4
2002 74.4 73.6
2001 74.8 74.9
2000 73.9 74.2
1999 74.7 71.5
1998 74.5 72.2
1997 74.5 71.9
1996 74 71.6
1995 71.8 -

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

GeoRank.org/economy/bahamas/united-arab-emirates | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas UAE
Services, % of GDP
77.2%
2024
54.9%
2024
Industry, % of GDP
9.63%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
0.77%
2024
GNI, Atlas method
$14.9B
2024
$566B
2024
GNI per capita, PPP
$39,550
2024
$81,530
2024
Total reserves including gold
$2.51B
2023
$238B
2024
Total reserves ranking
122/177
2023
14/177
2024
Net foreign direct investment
-$77.6M
2024
$31.5B
2024
Net inflows of foreign direct investment
$241M
2024
$45.6B
2024
Net outflows of foreign direct investment
$163M
2024
$77.2B
2024
Poverty at national poverty lines
9.3%
2020
19.5%
2020
Gross capital formation, % of GDP
26.8%
2024
26.6%
2023

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/united-arab-emirates | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2023, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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.