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Economy of Bahamas vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

The Bahamas has a GDP of $15.8B compared to $115B for Uzbekistan, ranking 140/197 and 66/197 by economy size, respectively.

The Bahamas has $11.5B in government debt (72.5% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Bahamas vs Uzbekistan GDP by year

Bahamas
Uzbekistan
1x
Year GDP, current $
Bahamas Uzbekistan
2024 $15,832,800,000 $114,965,293,467
2023 $15,271,300,000 $102,641,879,249
2022 $13,896,800,000 $90,095,926,567
2021 $12,037,000,000 $77,340,060,003
2020 $10,363,200,000 $66,443,265,418
2019 $13,277,000,000 $67,293,639,798
2018 $12,819,200,000 $58,695,899,092
2017 $12,446,900,000 $69,703,222,283
2016 $11,880,900,000 $86,138,288,644
2015 $11,837,600,000 $86,196,264,755
2014 $11,139,100,000 $80,845,385,809
2013 $10,475,300,000 $73,180,037,915
2012 $10,720,400,000 $67,517,349,212
2011 $10,070,450,000 $60,178,909,297
2010 $10,095,760,000 $49,765,676,402
2009 $9,981,960,000 $33,689,223,673
2008 $10,526,000,000 $29,549,438,884
2007 $10,618,340,000 $22,311,393,928
2006 $10,167,250,000 $17,330,833,853
2005 $9,836,200,000 $14,307,509,839
2004 $9,055,290,000 $12,030,023,548
2003 $8,870,090,000 $10,134,453,435
2002 $8,881,160,000 $9,687,788,513
2001 $8,317,830,000 $11,401,421,329
2000 $8,076,470,000 $13,760,513,969
1999 $7,683,870,000 $17,078,465,982
1998 $6,833,220,000 $14,988,971,211
1997 $6,332,360,000 $14,744,603,774
1996 $3,609,000,000 $13,948,892,216
1995 $3,429,000,000 $13,350,461,265
1994 $3,259,000,000 $12,899,074,922
1993 $3,092,000,000 $13,099,920,056
1992 $3,109,000,000 $12,953,801,760
1991 $3,111,160,000 $13,800,167,712
1990 $3,166,000,000 $13,362,340,338
1989 $3,062,000,000 $11,948,815,258
1988 $2,817,900,000 $10,722,799,639
1987 $2,713,999,900 $8,523,160,593
1986 $2,472,500,000 -
1985 $2,320,699,900 -
1984 $2,041,100,000 -
1983 $1,732,800,000 -
1982 $1,578,300,000 -
1981 $1,426,500,000 -
1980 $1,335,300,000 -
1979 $1,139,800,100 -
1978 $832,400,000 -
1977 $713,000,000 -
1976 $642,100,000 -
1975 $596,200,000 -
1974 $632,400,000 -
1973 $670,900,000 -
1972 $590,900,000 -
1971 $573,400,000 -
1970 $539,500,000 -
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/uzbekistan | CC BY

GDP per capita in Bahamas vs Uzbekistan by year

Bahamas
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahamas Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $39,455 $41,198 $3,162 $11,879
2023 $38,232 $39,090 $2,879 $11,107
2022 $34,957 $36,791 $2,579 $10,293
2021 $30,368 $31,065 $2,259 $9,248
2020 $26,179 $27,205 $1,978 $8,452
2019 $33,640 $36,116 $2,041 $8,544
2018 $32,642 $35,228 $1,813 $8,129
2017 $31,875 $34,282 $2,191 $7,818
2016 $30,617 $32,285 $2,753 $6,919
2015 $30,719 $32,138 $2,803 $6,800
2014 $29,137 $31,726 $2,675 $6,610
2013 $27,643 $30,294 $2,462 $6,413
2012 $28,552 $31,036 $2,307 $6,168
2011 $27,091 $30,074 $2,088 $5,949
2010 $27,473 $29,625 $1,753 $5,505
2009 $27,513 $29,197 $1,206 $5,135
2008 $29,392 $30,679 $1,075 $4,800
2007 $30,052 $31,232 $824 $4,386
2006 $29,185 $30,402 $649 $3,956
2005 $28,602 $29,143 $543 $3,618
2004 $26,650 $27,660 $462 $3,321
2003 $26,429 $27,031 $394 $3,047
2002 $26,782 $27,171 $381 $2,902
2001 $25,372 $26,351 $454 $2,782
2000 $24,940 $25,422 $555 $2,644
1999 $24,041 $24,184 $698 $2,522
1998 $21,667 $22,556 $621 $2,418
1997 $20,368 $21,606 $621 $2,329
1996 $11,784 $21,287 $597 $2,214
1995 $11,375 $20,377 $583 $2,178
1994 $10,991 $19,441 $574 $2,197
1993 $10,613 $18,781 $596 $2,318
1992 $10,873 $18,636 $603 $2,371
1991 $11,082 $19,296 $658 $2,676
1990 $11,473 $19,817 $653 $2,665
1989 $11,291 - $598 -
1988 $10,576 - $551 -
1987 $10,361 - $450 -
1986 $9,601 - - -
1985 $9,167 - - -
1984 $8,202 - - -
1983 $7,081 - - -
1982 $6,559 - - -
1981 $6,029 - - -
1980 $5,743 - - -
1979 $4,994 - - -
1978 $3,720 - - -
1977 $3,253 - - -
1976 $2,993 - - -
1975 $2,841 - - -
1974 $3,080 - - -
1973 $3,341 - - -
1972 $3,014 - - -
1971 $3,004 - - -
1970 $2,916 - - -
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/uzbekistan | CC BY

The Bahamas' GDP per capita is $39,455, ranking 30/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), the Bahamas ranks 57th at $41,198, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Bahamas Uzbekistan
Gross domestic product
$15.8B
2024
$115B
2024
GDP rank
140/197
2024
66/197
2024
GDP growth
3.38%
2023-2024
6.5%
2023-2024
GDP per capita
$39,455
2024
$3,162
2024
GDP per capita rank
30/197
2024
139/197
2024
GDP per capita, PPP
$41,198
2024
$11,879
2024
GDP per capita PPP rank
57/197
2024
125/197
2024
Government debt
$11.5B
2024
$37.5B
2024
Debt-to-GDP ratio
72.5%
2024
32.7%
2024
Government debt per person
$28,616
2024
$1,032
2024
Government debt per person rank
25/185
2024
141/185
2024
Average annual personal income after taxes
$29,535
2026
$3,658
2026
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10% n/a
25.7%
2024
Income share by poorest 10% n/a
2.3%
2024
Government expenditure, % of GDP
20.6%
2024
27.6%
2024
Consumer prices inflation
0.41%
2023-2024
9.6%
2023-2024
Central bank interest rate
4%
2016
14%
2025
Unemployment rate
8.65%
2023
5.29%
2020
Population
405203
37939105

Spending and national debt comparison by year

Bahamas
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Bahamas Uzbekistan
Government spending Government debt Government spending Government debt
2024 20.6% 72.5% 27.6% 32.7%
2023 22.2% 74.8% 29.9% 32.2%
2022 23.9% 79.1% 31.3% 30.5%
2021 26.9% 84.5% 27.4% 31.7%
2020 28.2% 81.9% 26% 33.7%
2019 19.9% 59.3% 24.4% 25.4%
2018 19.2% 60.6% 22.2% 17.5%
2017 22.5% 53.4% 19.9% 17.3%
2016 19.4% 51% 23.3% 8.19%
2015 17.9% 48.5% 24.6% 6.72%
2014 17.6% 46.3% 24.9% 6.09%
2013 18.4% 44.8% 25.2% 6.23%
2012 16.5% 36.4% 23.9% 6.76%
2011 17.1% 35.3% 23.7% 6.33%
2010 15.3% 33.7% 26.4% 6.61%
2009 15.6% 30.9% 27.5% 7.3%
2008 14.4% 25.5% 26.5% 8.33%
2007 13.3% 23% 24.8% 9.56%
2006 13% 22.8% 24.7% 13.5%
2005 12.3% 22% 28.1% 21%
2004 12.4% 21.4% 29.4% 26.9%
2003 11.8% 20.9% 31.5% 31.4%
2002 11.3% 18.8% 34.6% 41.6%
2001 11.2% 18.2% 30.6% 44.8%
2000 11.3% 18.7% 32.9% 29.5%
1999 8.78% 18.7% 33.6% 18.4%
1998 11.6% 20% 35.1% 18%
1997 12.5% 20.8% 31.8% 15.3%
1996 11.2% 20.2% 35.1% -
1995 11.2% 20.5% 29.4% -
1994 11.4% 20.4% 27.1% -
1993 11.5% 19.8% 39.6% -
1992 11.8% 17.9% 18% -
1991 12% 15.4% - -
1990 11.4% 13.2% - -

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

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

In 2024, the Bahamas' government spending was $3.26B, accounting for 20.6% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 72.5% in the Bahamas and 32.7% in Uzbekistan, ranking 53/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Bahamas

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Bahamas Uzbekistan
2024 -1.18% -2.37%
2023 -3.49% -4.03%
2022 -5.16% -3.65%
2021 -11.1% -4.1%
2020 -8.09% -2.95%
2019 -1.65% -0.3%
2018 -3.24% 1.64%
2017 -5.92% 1.04%
2016 -2.61% 0.7%
2015 -3.24% -0.28%
2014 -4.38% 1.9%
2013 -5.16% 2.15%
2012 -3.15% 5.89%
2011 -2.87% 5.11%
2010 -2.56% 2.56%
2009 -2.45% 1.82%
2008 -0.83% 5.97%
2007 -0.76% 3.55%
2006 -0.43% 2.72%
2005 -1.11% -3.52%
2004 -1.93% -3.74%
2003 -1.63% -4.87%
2002 -1.62% -6.31%
2001 0.3% -3.28%
2000 0.09% -3.66%
1999 1.68% -2.91%
1998 -0.41% -3.04%
1997 -1.56% -2.05%
1996 -0.15% -1.57%
1995 0.18% -1.77%
1994 -0.39% -4.47%
1993 -1.05% -12%
1992 -2.23% 7.15%
1991 -2.29% -
1990 -2.64% -

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

GeoRank.org/economy/bahamas/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 33 years, the Bahamas recorded a fiscal deficit in 29 of those years, while Uzbekistan ran a deficit in 20 years. On average, the Bahamas posted an annual deficit equal to 2.37% of GDP, compared to deficit of 0.87% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Bahamas

Uzbekistan
1x
Year Consumer prices inflation
Bahamas Uzbekistan
2024 0.41% 9.6%
2023 3.05% 10%
2022 5.61% 11.4%
2021 2.9% 10.8%
2020 0.04% 12.9%
2019 2.49% 14.5%
2018 2.27% 17.5%
2017 1.52% 13.9%
2016 -0.35% 8.8%
2015 1.86% 8.5%
2014 1.51% 9.1%
2013 0.72% 11.7%
2012 1.97% 11.9%
2011 3.2% 12.4%
2010 1.34% 12.3%
2009 2.06% 12.3%
2008 4.49% 13.1%
2007 2.49% 11.2%
2006 2.39% 13.1%
2005 1.59% 10.7%
2004 0.98% 7.3%
2003 3.03% 12.5%
2002 2.17% 27.3%
2001 2.04% 27.3%
2000 1.61% 25%
1999 1.25% 29.1%
1998 1.34% 29%
1997 0.54% 70.9%

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/uzbekistan | CC BY

Over the past 28 years, the Bahamas has recorded an average annual inflation rate of 1.95%, compared with 16.6% in Uzbekistan. In 2024, inflation was 0.41% in the Bahamas and 9.6% in Uzbekistan.

Balance of trade

Bahamas Uzbekistan
Current account balance
-$1.05B
2024
-$5.71B
2024
Current account balance ranking
127/190
2024
169/190
2024
Current account balance, % of GDP
-6.65%
2024
-4.97%
2024
Goods imports
$4.6B
2024
$33.2B
2024
Goods exports
$874M
2024
$19.6B
2024
Service imports
$2.47B
2024
$10.5B
2024
Service exports
$5.9B
2024
$6.55B
2024
Imports of goods and services, % of GDP
41.5%
2024
38%
2024
Exports of goods and services, % of GDP
37.8%
2024
22.8%
2024

Economic freedom indices

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

Bahamas Uzbekistan
Economic freedom 65.1 60.3
Economic freedom ranking 66/197 94/197
Property rights 62.7 43.1
Government integrity 67.1 32
Judicial effectiveness 79.8 13.7
Tax burden 96.1 95
Government spending 83.8 73.7
Fiscal health 9.1 79.9
Business freedom 69.4 62.5
Labor freedom 66.5 48.4
Monetary freedom 77.2 65.1
Trade freedom 59.4 80.6
Investment freedom 50 70
Financial freedom 60 60

Economic freedom comparison by year

Bahamas
Uzbekistan
1x
Year Economic freedom index
Bahamas Uzbekistan
2026 65.1 60.3
2025 63.2 58
2024 62.5 55.9
2023 62.6 56.5
2022 68.7 55.7
2021 64.6 58.3
2020 64.5 57.2
2019 62.9 53.3
2018 63.3 51.5
2017 61.1 52.3
2016 70.9 46
2015 68.7 47
2014 69.8 46.5
2013 70.1 46
2012 68 45.8
2011 68 45.8
2010 67.3 47.5
2009 70.3 50.5
2008 71.1 51.9
2007 72 51.5
2006 72.3 48.7
2005 72.6 45.8
2004 72.1 39.1
2003 73.5 38.3
2002 74.4 38.5
2001 74.8 38.2
2000 73.9 38.1
1999 74.7 33.8
1998 74.5 31.5
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/uzbekistan | CC BY

The Economic Freedom Index for the Bahamas is 65.1, ranking 66/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahamas Uzbekistan
Services, % of GDP
77.2%
2024
45.2%
2024
Industry, % of GDP
9.63%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.51%
2024
18.3%
2024
GNI, Atlas method
$14.9B
2024
$110B
2024
GNI per capita, PPP
$39,550
2024
$12,000
2024
Total reserves including gold
$2.51B
2023
$41.2B
2024
Total reserves ranking
122/177
2023
50/177
2024
Net foreign direct investment
-$77.6M
2024
-$2.81B
2024
Net inflows of foreign direct investment
$241M
2024
$2.99B
2024
Net outflows of foreign direct investment
$163M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.88%
2024
Poverty at national poverty lines
9.3%
2020
8.9%
2024
Gross capital formation, % of GDP
26.8%
2024
33.3%
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/uzbekistan | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.