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Bahrain economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Bahrain ranked 96/197 by economy size with a GDP of $47.1B and 42/197 by GDP per capita at $29,654. Bahrain has $62.8B in government debt, with a debt-to-GDP ratio of 133.4%.

In 2024, Bahrain made up 0.04% of the world's economy, compared to 0.01% in 1970.

Bahrain GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $47,109,734,309 2.6%
2023 $46,192,260,638 3.88%
2022 $46,458,191,489 6.18%
2021 $40,840,212,766 4.35%
2020 $35,837,632,979 -5.91%
2019 $40,446,808,511 2.05%
2018 $39,567,978,723 2.05%
2017 $37,204,813,830 4.95%
2016 $33,884,680,851 3.81%
2015 $32,523,297,872 2.51%
2014 $34,772,526,596 4.31%
2013 $33,823,324,468 5.29%
2012 $31,963,404,255 3.8%
2011 $29,914,680,851 1.93%
2010 $26,805,984,043 4.33%
2009 $22,938,218,085 2.54%
2008 $25,710,904,255 6.25%
2007 $21,730,000,000 8.29%
2006 $18,504,760,638 6.47%
2005 $15,968,723,404 6.77%
2004 $13,150,159,574 6.98%
2003 $11,074,813,830 6.3%
2002 $9,593,510,638 3.35%
2001 $8,976,196,809 2.49%
2000 $9,062,898,936 5.3%
1999 $7,528,469,149 4.3%
1998 $7,031,309,043 4.79%
1997 $7,219,407,713 3.09%
1996 $6,938,166,755 4.11%
1995 $6,651,180,851 3.93%
1994 $6,330,627,926 -0.25%
1993 $5,913,001,064 12.9%
1992 $5,402,232,447 6.69%
1991 $5,248,911,170 11.2%
1990 $4,809,511,005 4.44%
1989 $4,393,093,963 0.36%
1988 $4,209,834,173 7%
1987 $3,856,922,694 10.4%
1986 $3,470,746,843 1.18%
1985 $4,152,376,484 -4.76%
1984 $4,440,874,566 5%
1983 $4,247,030,468 6.38%
1982 $4,145,421,080 -7.56%
1981 $3,943,109,532 -5.32%
1980 $3,493,834,468 2.58%
1979 $2,710,160,739 3.47%
1978 $2,272,042,965 3.86%
1977 $1,989,060,283 13%
1976 $1,581,709,519 30.5%
1975 $1,099,107,601 -8.83%
1974 $1,042,176,884 8.47%
1973 $761,132,545 13.9%
1972 $534,081,184 11.1%
1971 $422,181,562 1.61%
1970 $391,577,364 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahrain | CC BY

Bahrain GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $29,654 $66,941
2023 $29,290 $64,171
2022 $30,471 $61,678
2021 $27,148 $54,955
2020 $24,343 $53,436
2019 $27,260 $56,600
2018 $26,324 $51,993
2017 $24,785 $50,185
2016 $23,800 $47,429
2015 $23,734 $48,034
2014 $26,452 $54,299
2013 $26,990 $56,310
2012 $26,439 $56,713
2011 $25,033 $52,677
2010 $21,819 $49,255
2009 $19,465 $48,626
2008 $23,299 $50,330
2007 $20,908 $49,347
2006 $19,267 $48,009
2005 $17,966 $47,268
2004 $15,964 $46,317
2003 $14,486 $45,427
2002 $13,501 $45,091
2001 $13,573 $46,162
2000 $14,214 $45,688
1999 $12,123 $43,561
1998 $11,625 $42,281
1997 $12,255 $40,965
1996 $12,092 $40,106
1995 $11,901 $38,839
1994 $11,629 $37,579
1993 $11,152 $37,870
1992 $10,460 $33,648
1991 $10,434 $31,657
1990 $9,343 $26,902
1989 $8,833 -
1988 $8,772 -
1987 $8,333 -
1986 $7,777 -
1985 $9,649 -
1984 $10,697 -
1983 $10,599 -
1982 $10,712 -
1981 $10,557 -
1980 $9,733 -
1979 $7,891 -
1978 $6,926 -
1977 $6,358 -
1976 $5,310 -
1975 $3,880 -
1974 $3,874 -
1973 $2,981 -
1972 $2,206 -
1971 $1,830 -
1970 $1,742 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahrain | CC BY

Bahrain has a GDP per capita of $29,654, ranking 42/197, a GDP per capita based on purchasing power parity (PPP) of $66,941, ranking 26/197, and a median annual after tax income of $23,253, ranking 39/197.

Bahrain GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 95 39 22
2023 92 41 24
2022 90 37 24
2021 92 41 25
2020 95 38 20
2019 94 37 21
2018 96 37 21
2017 97 37 22
2016 96 36 22
2015 97 36 21
2014 97 37 13
2013 96 36 12
2012 95 36 12
2011 95 38 13
2010 96 42 14
2009 99 43 15
2008 97 39 14
2007 94 39 13
2006 93 38 11
2005 93 37 10
2004 94 39 9
2003 94 39 9
2002 93 37 8
2001 92 34 8
2000 93 34 8
1999 100 36 8
1998 97 36 8
1997 99 36 8
1996 98 35 6
1995 98 34 6
1994 93 32 6
1993 95 32 6
1992 100 36 7
1991 102 32 6
1990 103 36 9
1989 92 33 -
1988 94 33 -
1987 93 31 -
1986 90 31 -
1985 84 21 -
1984 81 19 -
1983 83 19 -
1982 83 19 -
1981 86 22 -
1980 90 26 -
1979 89 26 -
1978 91 26 -
1977 91 26 -
1976 92 27 -
1975 94 31 -
1974 95 29 -
1973 92 31 -
1972 95 31 -
1971 95 31 -
1970 96 30 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahrain | CC BY

Compared with 2000, in 2024 Bahrain is ranked 95th out of 182 by GDP (down from 93rd), 39th by GDP per capita (down from 34th), and 22nd by GDP per capita PPP (down from 8th).

Economic indicators

Bahrain Rank
Gross domestic product
$47.1B
2024
96/197
GDP growth
2.6%
2023-2024
116/194
GDP per capita
$29,654
2024
42/197
GDP per capita, PPP
$66,941
2024
26/197
Government debt
$62.8B
2024
66/185
Debt-to-GDP ratio
133.4%
2024
9/185
Government debt per person
$39,552
2024
14/185
Average annual personal income after taxes
$23,253
2026
39/197
Listed domestic companies
39
2024
76/103
Market capitalization of domestic companies
$20.4B
2024
58/100
Government expenditure, % of GDP
29.1%
2024
101/195
Consumer prices inflation
0.92%
2023-2024
173/195
Central bank interest rate
4.25%
2025
69/106
Unemployment rate
1.2%
2012
188/196
Population
1669503
151/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 29.1% 133.4% -10.6%
2023 29.1% 123% -9.67%
2022 28.4% 111.6% -6.02%
2021 30.6% 122.3% -10.6%
2020 34.6% 125.7% -17.3%
2019 31.2% 97.1% -8.57%
2018 32.1% 90.4% -11.3%
2017 30.7% 84% -13.4%
2016 33.3% 77.4% -16.6%
2015 34.8% 63.2% -17.5%
2014 27.3% 42.6% -3.32%
2013 32% 42.3% -8.55%
2012 31.1% 34.8% -5.77%
2011 30.2% 31.6% -4.9%
2010 31.1% 28.8% -9.29%
2009 24.6% 20.5% -5.36%
2008 22.7% 12.1% 4.08%
2007 22.4% 15.7% 1.52%
2006 23.1% 19.4% 2.24%
2005 23.9% 23.2% 2.8%
2004 25% 28.2% 0.24%
2003 28.1% 31.1% -1.7%
2002 30.6% 27.2% -3.27%
2001 26.5% 25% 0.7%
2000 22.2% 24.7% 7.33%
1999 27.1% 24.7% -4.85%
1998 25.7% 20% -5.49%
1997 31% 14.8% -6.39%
1996 22.7% 13.1% 0.24%
1995 25.1% 13.6% -3.99%
1994 26.1% 5.62% -5.18%
1993 26.7% 5.95% -2.77%
1992 29.4% 6.45% -5.41%
1991 28.5% 6.71% -3.47%
1990 32.4% 7.24% -6.79%

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

GeoRank.org/economy/bahrain | CC BY

This chart shows Bahrain's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of them, with an average annual deficit equal to 5.39% of GDP. In 2024, government spending reached $13.7B (29.1% of GDP), with a deficit of 10.6%.

The national debt reached $62.8B, ranking 66th out of 185 countries by total size, with a debt-to-GDP ratio of 133.4%, ranking 9th.

Inflation rate by year

1x
Year Inflation
2024 0.92%
2023 0.07%
2022 3.63%
2021 -0.61%
2020 -2.32%
2019 1.01%
2018 2.09%
2017 1.39%
2016 2.79%
2015 1.85%
2014 2.65%
2013 3.3%
2012 2.76%
2011 -0.4%
2010 1.96%
2009 2.8%
2008 3.53%
2007 3.26%
2006 2.01%
2005 2.59%
2004 2.35%
2003 1.59%
2002 -0.5%
2001 -1.21%
2000 -0.7%
1999 -1.29%
1998 -0.37%
1997 2.43%
1996 -0.45%
1995 2.7%
1994 0.82%
1993 2.54%
1992 -0.17%
1991 0.76%
1990 0.93%
1989 1.49%
1988 0.3%
1987 -1.75%
1986 -2.3%
1985 -2.64%
1984 0.32%
1983 2.97%
1982 8.89%
1981 11.3%
1980 3.87%
1979 2.21%
1978 15.8%
1977 17.7%
1976 22.5%
1975 16.2%
1974 24.4%
1973 14.3%
1972 5.09%
1971 5.79%
1970 1.63%
1969 -0.19%
1968 3.26%
1967 4.26%
1966 2.13%

Data sources: World Bank | Economy & Growth (1966–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahrain | CC BY

Over the past 20 years, Bahrain has had an average annual inflation rate of 1.76%. In 2024, inflation was 0.92%. The bar chart above shows consumer price inflation by year.

Balance of trade

Bahrain Rank
Current account balance
$2.28B
2024
44/190
Current account balance, % of GDP
+4.84%
2024
33/190
Goods imports
$20.7B
2024
80/189
Goods exports
$24.3B
2024
74/189
Service imports
$12.4B
2024
62/189
Service exports
$17B
2024
54/189
Imports of goods and services, % of GDP
70.1%
2024
35/181
Exports of goods and services, % of GDP
87.7%
2024
10/193

Bahrain top 10 trading partners

Bahrain's biggest trading partner accounting for 14.3% of all exports and imports is Saudi Arabia, with a trade balance between the two of +$1.94B: Bahrain exports $2.91B worth of goods and services to Saudi Arabia and imports $976M.

Below is the list of the top 10 trade partners of Bahrain.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 Saudi Arabia $3.89B 14.3% $2.91B $976M Metals Chemicals & pharma
2 UAE $3.21B 11.8% $1.77B $1.44B Raw materials & minerals Precious metals & jewellery
3 China $2.19B 8.02% $35.4M $2.15B Metals Machinery & equipment
4 United States $2.01B 7.39% $1.04B $973M Metals Machinery & equipment
5 Brazil $1.53B 5.61% $137M $1.39B Metals Raw materials & minerals
6 Australia $1.38B 5.07% $125M $1.26B Raw materials & minerals Raw materials & minerals
7 India $1.13B 4.16% $388M $744M Metals Machinery & equipment
8 Japan $820M 3.01% $134M $686M Metals Machinery & equipment
9 Germany $676M 2.48% $150M $527M Metals Machinery & equipment
10 Netherlands $664M 2.44% $540M $124M Metals Processed food, beverages & tobacco

Top 10 exports

Bahrain Rank
Business & finance services $7.46B 38/188
Transport & tourism services $6.48B 57/188
Metals $6.02B 45/192
Raw materials & minerals $2.28B 91/193
Machinery & equipment $1.5B 78/193
IT & IP services $1.33B 56/183
Chemicals & pharma $587M 87/193
Animal & marine products $553M 69/192
Precious metals & jewellery $527M 76/190
Textiles & consumer goods $393M 92/193

Top 10 imports

Bahrain Rank
Business & finance services $6.28B 41/188
Transport & tourism services $5.21B 64/188
Machinery & equipment $4.55B 90/193
Raw materials & minerals $3.83B 84/193
Chemicals & pharma $1.38B 102/193
Precious metals & jewellery $1.05B 44/193
Textiles & consumer goods $1.02B 97/193
Metals $962M 96/193
Processed food, beverages & tobacco $928M 104/193
Animal & marine products $672M 74/193

Economic freedom indices

Bahrain Rank
Economic freedom 65.7 63/197
Property rights 60.9 66/182
Government integrity 45.9 76/182
Judicial effectiveness 30 125/182
Tax burden 99.9 1/182
Government spending 75 85/180
Fiscal health 0 175/181
Business freedom 75.9 46/182
Labor freedom 55.5 97/182
Monetary freedom 88.8 1/180
Trade freedom 86.8 6/181
Investment freedom 90 2/181
Financial freedom 80 2/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 65.7 30 99.9 75 0
2025 65.6 30.2 99.9 74.3 0
2024 63.4 30.2 99.9 68.7 0
2023 62.5 40.4 99.9 66.3 0
2022 62 27.4 99.9 65.5 0
2021 69.9 65.8 100 67.1 0
2020 66.3 48.4 99.4 66.1 2.6
2019 66.4 50.7 99.7 62.7 3.7
2018 67.7 55.1 99.9 66.4 6.5
2017 68.5 53.7 99.9 69.8 12
2016 74.3 - 99.9 75.4 -
2015 73.4 - 99.9 73.1 -
2014 75.1 - 99.9 71.4 -
2013 75.5 - 99.9 72.4 -
2012 75.2 - 99.9 72.2 -
2011 77.7 - 99.8 80.2 -
2010 76.3 - 99.9 80.8 -
2009 74.8 - 99.9 79.4 -
2008 72.2 - 99.7 80.3 -
2007 71.2 - 99.4 75.3 -
2006 71.6 - 99.4 73.2 -
2005 71.2 - 99.5 68.1 -
2004 75.1 - 99.5 76.6 -
2003 76.3 - 99.5 79.2 -
2002 75.6 - 99.3 74.8 -
2001 75.9 - 99.2 73 -
2000 75.7 - 99.6 79.7 -
1999 75.2 - 99.4 80.8 -
1998 75.6 - 99.4 78.1 -
1997 76.1 - 99.5 73.4 -
1996 76.4 - 99.4 72.5 -
1995 76.2 - 99.4 71.7 -

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

GeoRank.org/economy/bahrain | CC BY

Bahrain is ranked 57/174 for economic freedom with a score of 65.7, compared to 22/162 and a score of 71.6 in 2006.

Other economic metrics

Bahrain Rank
Services, % of GDP
53.2%
2024
116/191
Industry, % of GDP
42.3%
2024
13/194
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
188/193
GNI, Atlas method
$44.6B
2024
96/194
GNI per capita, PPP
$62,230
2024
26/191
Total reserves including gold
$4.95B
2024
102/177
Net foreign direct investment
-$2.43B
2024
144/189
Net inflows of foreign direct investment
$2.7B
2024
62/193
Net outflows of foreign direct investment
$275M
2024
71/193
Gross capital formation, % of GDP
28.4%
2024
40/178

Compare Bahrain vs other countries

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/bahrain | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1966–2024, 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 (2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.