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Economy of Bahrain vs Dominica compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $689M for Dominica, ranking 96/197 and 190/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $713M (103.5% of GDP) in Dominica.

Bahrain vs Dominica GDP by year

Bahrain
Dominica
1x
Year GDP, current $
Bahrain Dominica
2024 $47,109,734,309 $688,881,481
2023 $46,192,260,638 $659,311,111
2022 $46,458,191,489 $623,062,963
2021 $40,840,212,766 $562,911,111
2020 $35,837,632,979 $528,944,444
2019 $40,446,808,511 $644,259,259
2018 $39,567,978,723 $628,244,444
2017 $37,204,813,830 $563,355,556
2016 $33,884,680,851 $612,711,111
2015 $32,523,297,872 $583,177,778
2014 $34,772,526,596 $572,255,556
2013 $33,823,324,468 $545,325,926
2012 $31,963,404,255 $520,355,556
2011 $29,914,680,851 $532,081,481
2010 $26,805,984,043 $519,859,259
2009 $22,938,218,085 $515,618,519
2008 $25,710,904,255 $480,003,704
2007 $21,730,000,000 $444,685,185
2006 $18,504,760,638 $416,674,074
2005 $15,968,723,404 $391,455,556
2004 $13,150,159,574 $396,711,111
2003 $11,074,813,830 $373,318,519
2002 $9,593,510,638 $375,200,000
2001 $8,976,196,809 $377,462,963
2000 $9,062,898,936 $333,470,370
1999 $7,528,469,149 $331,759,259
1998 $7,031,309,043 $322,411,111
1997 $7,219,407,713 $302,988,889
1996 $6,938,166,755 $292,285,185
1995 $6,651,180,851 $274,522,222
1994 $6,330,627,926 $264,374,074
1993 $5,913,001,064 $245,525,926
1992 $5,402,232,447 $234,059,259
1991 $5,248,911,170 $219,762,963
1990 $4,809,511,005 $201,429,630
1989 $4,393,093,963 $185,137,243
1988 $4,209,834,173 $171,106,184
1987 $3,856,922,694 $151,868,754
1986 $3,470,746,843 $135,161,959
1985 $4,152,376,484 $119,491,933
1984 $4,440,874,566 $109,157,071
1983 $4,247,030,468 $98,665,191
1982 $4,145,421,080 $89,527,577
1981 $3,943,109,532 $82,107,391
1980 $3,493,834,468 $72,804,653
1979 $2,710,160,739 $55,017,759
1978 $2,272,042,965 $57,130,216
1977 $1,989,060,283 $45,872,947
1976 $1,581,709,519 -
1975 $1,099,107,601 -
1974 $1,042,176,884 -
1973 $761,132,545 -
1972 $534,081,184 -
1971 $422,181,562 -
1970 $391,577,364 -

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

GeoRank.org/economy/bahrain/dominica | CC BY

GDP per capita in Bahrain vs Dominica by year

Bahrain
GDP per capita

GDP per capita, PPP
Dominica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Dominica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $10,405 $21,301
2023 $29,290 $64,171 $9,913 $20,286
2022 $30,471 $61,678 $9,324 $18,802
2021 $27,148 $54,955 $8,376 $15,809
2020 $24,343 $53,436 $7,828 $14,244
2019 $27,260 $56,600 $9,491 $16,021
2018 $26,324 $51,993 $9,215 $15,070
2017 $24,785 $50,185 $8,225 $12,696
2016 $23,800 $47,429 $8,803 $12,945
2015 $23,734 $48,034 $8,283 $12,093
2014 $26,452 $54,299 $8,132 $12,083
2013 $26,990 $56,310 $7,822 $11,286
2012 $26,439 $56,713 $7,529 $10,921
2011 $25,033 $52,677 $7,705 $11,123
2010 $21,819 $49,255 $7,550 $10,924
2009 $19,465 $48,626 $7,487 $10,804
2008 $23,299 $50,330 $6,971 $10,862
2007 $20,908 $49,347 $6,459 $9,949
2006 $19,267 $48,009 $6,056 $9,200
2005 $17,966 $47,268 $5,695 $8,557
2004 $15,964 $46,317 $5,779 $8,232
2003 $14,486 $45,427 $5,447 $7,714
2002 $13,501 $45,091 $5,488 $7,167
2001 $13,573 $46,162 $5,528 $7,291
2000 $14,214 $45,688 $4,867 $7,111
1999 $12,123 $43,561 $4,817 $6,759
1998 $11,625 $42,281 $4,664 $6,617
1997 $12,255 $40,965 $4,372 $6,290
1996 $12,092 $40,106 $4,211 $6,041
1995 $11,901 $38,839 $3,952 $5,749
1994 $11,629 $37,579 $3,805 $5,465
1993 $11,152 $37,870 $3,536 $5,352
1992 $10,460 $33,648 $3,376 $5,125
1991 $10,434 $31,657 $3,171 $4,914
1990 $9,343 $26,902 $2,893 $4,667
1989 $8,833 - $2,639 -
1988 $8,772 - $2,423 -
1987 $8,333 - $2,138 -
1986 $7,777 - $1,893 -
1985 $9,649 - $1,666 -
1984 $10,697 - $1,515 -
1983 $10,599 - $1,363 -
1982 $10,712 - $1,232 -
1981 $10,557 - $1,125 -
1980 $9,733 - $996 -
1979 $7,891 - $754 -
1978 $6,926 - $786 -
1977 $6,358 - $634 -
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/dominica | CC BY

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $10,405 in Dominica, ranking 84/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Dominica ranks 91st at $21,301.

Economic indicators

Bahrain Dominica
Gross domestic product
$47.1B
2024
$689M
2024
GDP rank
96/197
2024
190/197
2024
GDP growth
2.6%
2023-2024
2.05%
2023-2024
GDP per capita
$29,654
2024
$10,405
2024
GDP per capita rank
42/197
2024
84/197
2024
GDP per capita, PPP
$66,941
2024
$21,301
2024
GDP per capita PPP rank
26/197
2024
91/197
2024
Government debt
$62.8B
2024
$713M
2024
Debt-to-GDP ratio
133.4%
2024
103.5%
2024
Government debt per person
$39,552
2024
$10,765
2024
Government debt per person rank
14/185
2024
55/185
2024
Average annual personal income after taxes
$23,253
2026
$6,045
2026
Market capitalization of domestic companies
$20.4B
2024
n/a
Government expenditure, % of GDP
29.1%
2024
60.9%
2024
Consumer prices inflation
0.92%
2023-2024
2.57%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
11%
2001
Population
1669503
65539

Spending and national debt comparison by year

Bahrain
Spending

Debt
Dominica
Spending

Debt
1x
Year % of GDP
Bahrain Dominica
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 60.9% 103.5%
2023 29.1% 123% 66.8% 103.2%
2022 28.4% 111.6% 72.7% 108.3%
2021 30.6% 122.3% 70.1% 113.6%
2020 34.6% 125.7% 70.1% 118.2%
2019 31.2% 97.1% 44% 89.1%
2018 32.1% 90.4% 66.7% 90%
2017 30.7% 84% 55.7% 86.7%
2016 33.3% 77.4% 45.8% 72.9%
2015 34.8% 63.2% 33.5% 71.1%
2014 27.3% 42.6% 33.3% 73.5%
2013 32% 42.3% 34.2% 75.6%
2012 31.1% 34.8% 36.6% 74%
2011 30.2% 31.6% 34.7% 68.6%
2010 31.1% 28.8% 39.7% 67.3%
2009 24.6% 20.5% 36.1% 62.8%
2008 22.7% 12.1% 35.9% 66.5%
2007 22.4% 15.7% 35.6% 74.9%
2006 23.1% 19.4% 30.9% 80.4%
2005 23.9% 23.2% 32.1% 84.9%
2004 25% 28.2% 30.1% 85.8%
2003 28.1% 31.1% 31.2% 98.2%
2002 30.6% 27.2% 29% 99.4%
2001 26.5% 25% 29.3% 97.5%
2000 22.2% 24.7% 38.9% 69.6%
1999 27.1% 24.7% 35.3% 62%
1998 25.7% 20% 33.5% 57.1%
1997 31% 14.8% 29.1% 49.3%
1996 22.7% 13.1% 29% 54.7%
1995 25.1% 13.6% 29.7% 59.3%
1994 26.1% 5.62% 27.7% 57%
1993 26.7% 5.95% 26.1% 55.4%
1992 29.4% 6.45% 28% 55.3%
1991 28.5% 6.71% 29.9% 58.7%
1990 32.4% 7.24% 32.9% 56.6%

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

GeoRank.org/economy/bahrain/dominica | CC BY

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Dominica spent $420M, or 60.9% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 103.5% in Dominica, ranking 9/185 and 20/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Dominica
1x
Year Deficit/surplus, % of GDP
Bahrain Dominica
2024 -10.6% -2.28%
2023 -9.67% -4.66%
2022 -6.02% -7.49%
2021 -10.6% -8.61%
2020 -17.3% -7.91%
2019 -8.57% -7.95%
2018 -11.3% -18.1%
2017 -13.4% -3.37%
2016 -16.6% 11%
2015 -17.5% 11.8%
2014 -3.32% -5.65%
2013 -8.55% -2.95%
2012 -5.77% -5.48%
2011 -4.9% -4.34%
2010 -9.29% -3.41%
2009 -5.36% -0.31%
2008 4.08% 0.72%
2007 1.52% 1.88%
2006 2.24% 3.04%
2005 2.8% 0.98%
2004 0.24% -0.67%
2003 -1.7% 0.88%
2002 -3.27% -4.13%
2001 0.7% -6.48%
2000 7.33% -8.75%
1999 -4.85% -9.2%
1998 -5.49% -6.08%
1997 -6.39% -2.31%
1996 0.24% -1.62%
1995 -3.99% -2.97%
1994 -5.18% -3.42%
1993 -2.77% -1.46%
1992 -5.41% -2.28%
1991 -3.47% -3.08%
1990 -6.79% -4.87%

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

GeoRank.org/economy/bahrain/dominica | CC BY

In 2024, Bahrain's government deficit, the difference between spending and revenue, was $5B, equivalent to 10.6% of GDP. This compares to Dominica's deficit of $15.7M, or 2.28% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Dominica ran a deficit in 28 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 3.13% of GDP for Dominica.

Inflation comparison by year

Inflation
Bahrain

Dominica
1x
Year Consumer prices inflation
Bahrain Dominica
2024 0.92% 2.57%
2023 0.07% 5.09%
2022 3.63% 2.88%
2021 -0.61% 2.23%
2020 -2.32% 1.22%
2019 1.01% 1.5%
2018 2.09% 0.99%
2017 1.39% 0.3%
2016 2.79% 0.14%
2015 1.85% -0.84%
2014 2.65% 0.8%
2013 3.3% -0.05%
2012 2.76% 1.36%
2011 -0.4% 1.13%
2010 1.96% 3%
2009 2.8% 0.006%
2008 3.53% 6.36%
2007 3.26% 3.63%
2006 2.01% 2.2%
2005 2.59% 1.68%
2004 2.35% 2.39%
2003 1.59% 1.45%
2002 -0.5% 0.17%
2001 -1.21% 1.3%
2000 -0.7% 0.86%
1999 -1.29% 1.18%
1998 -0.37% 1%
1997 2.43% 2.44%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahrain/dominica | CC BY

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 1.68% in Dominica. In 2024, inflation was 0.92% in Bahrain and 2.57% in Dominica.

Balance of trade

Bahrain Dominica
Current account balance
$2.28B
2024
-$160M
2024
Current account balance ranking
44/190
2024
94/190
2024
Current account balance, % of GDP
+4.84%
2024
-23.2%
2024
Goods imports
$20.7B
2024
$231M
2024
Goods exports
$24.3B
2024
$22M
2024
Service imports
$12.4B
2024
$157M
2024
Service exports
$17B
2024
$191M
2024
Imports of goods and services, % of GDP
70.1%
2024
n/a
Exports of goods and services, % of GDP
87.7%
2024
8.5%
2025

Economic freedom indices

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

Bahrain Dominica
Economic freedom 65.7 56.1
Economic freedom ranking 63/197 124/197
Property rights 60.9 65.8
Government integrity 45.9 61.2
Judicial effectiveness 30 77.3
Tax burden 99.9 76.1
Government spending 75 0
Fiscal health 0 45.6
Business freedom 75.9 66.2
Labor freedom 55.5 49.8
Monetary freedom 88.8 77.7
Trade freedom 86.8 53.2
Investment freedom 90 60
Financial freedom 80 40

Economic freedom comparison by year

Bahrain
Dominica
1x
Year Economic freedom index
Bahrain Dominica
2026 65.7 56.1
2025 65.6 55.3
2024 63.4 54
2023 62.5 59.7
2022 62 54.4
2021 69.9 53
2020 66.3 60.8
2019 66.4 63.6
2018 67.7 64.5
2017 68.5 63.7
2016 74.3 67
2015 73.4 66.1
2014 75.1 65.2
2013 75.5 63.9
2012 75.2 61.6
2011 77.7 63.3
2010 76.3 63.2
2009 74.8 62.6
2008 72.2 -
2007 71.2 -
2006 71.6 -
2005 71.2 -
2004 75.1 -
2003 76.3 -
2002 75.6 -
2001 75.9 -
2000 75.7 -
1999 75.2 -
1998 75.6 -
1997 76.1 -
1996 76.4 -
1995 76.2 -

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

GeoRank.org/economy/bahrain/dominica | CC BY

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 56.1 for Dominica, ranking 124/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Dominica
Services, % of GDP
53.2%
2024
56.9%
2024
Industry, % of GDP
42.3%
2024
13.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
12.2%
2024
GNI, Atlas method
$44.6B
2024
$677M
2024
GNI per capita, PPP
$62,230
2024
$21,410
2024
Total reserves including gold
$4.95B
2024
$156M
2024
Total reserves ranking
102/177
2024
172/177
2024
Net foreign direct investment
-$2.43B
2024
-$36.4M
2024
Net inflows of foreign direct investment
$2.7B
2024
$60M
2024
Net outflows of foreign direct investment
$275M
2024
-$401K
2024
Servicing debt to the IMF, % of GNI n/a
9.52%
2024
Poverty at national poverty lines n/a
29%
2020
Gross capital formation, % of GDP
28.4%
2024
n/a

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/dominica | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, 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.