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Economy of Bahrain vs Ecuador compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $125B for Ecuador, ranking 96/197 and 62/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $67B (53.8% of GDP) in Ecuador.

Bahrain vs Ecuador GDP by year

Bahrain
Ecuador
1x
Year GDP, current $
Bahrain Ecuador
2024 $47,109,734,309 $124,676,074,700
2023 $46,192,260,638 $121,147,057,000
2022 $46,458,191,489 $116,133,121,000
2021 $40,840,212,766 $107,179,074,000
2020 $35,837,632,979 $95,865,473,000
2019 $40,446,808,511 $107,595,830,000
2018 $39,567,978,723 $107,478,961,000
2017 $37,204,813,830 $104,467,486,000
2016 $33,884,680,851 $97,671,433,000
2015 $32,523,297,872 $97,209,558,000
2014 $34,772,526,596 $102,717,794,000
2013 $33,823,324,468 $96,570,334,000
2012 $31,963,404,255 $87,735,048,000
2011 $29,914,680,851 $78,986,648,000
2010 $26,805,984,043 $68,151,329,000
2009 $22,938,218,085 $60,094,978,000
2008 $25,710,904,255 $61,139,438,000
2007 $21,730,000,000 $49,848,725,000
2006 $18,504,760,638 $45,690,762,000
2005 $15,968,723,404 $40,278,849,000
2004 $13,150,159,574 $35,194,947,000
2003 $11,074,813,830 $30,965,208,000
2002 $9,593,510,638 $27,054,197,000
2001 $8,976,196,809 $23,127,055,000
2000 $9,062,898,936 $17,539,454,727
1999 $7,528,469,149 $19,645,272,636
1998 $7,031,309,043 $27,981,896,948
1997 $7,219,407,713 $28,162,053,027
1996 $6,938,166,755 $25,226,393,197
1995 $6,651,180,851 $24,432,884,442
1994 $6,330,627,926 $22,708,673,337
1993 $5,913,001,064 $18,938,717,359
1992 $5,402,232,447 $18,094,238,119
1991 $5,248,911,170 $16,988,535,268
1990 $4,809,511,005 $15,239,272,612
1989 $4,393,093,963 $13,890,823,705
1988 $4,209,834,173 $13,051,881,851
1987 $3,856,922,694 $13,945,426,859
1986 $3,470,746,843 $15,314,138,472
1985 $4,152,376,484 $17,149,088,413
1984 $4,440,874,566 $16,912,509,092
1983 $4,247,030,468 $17,152,477,037
1982 $4,145,421,080 $19,929,846,396
1981 $3,943,109,532 $21,810,759,354
1980 $3,493,834,468 $17,881,508,242
1979 $2,710,160,739 $14,175,160,902
1978 $2,272,042,965 $11,922,497,876
1977 $1,989,060,283 $11,026,342,618
1976 $1,581,709,519 $9,091,921,030
1975 $1,099,107,601 $7,731,674,472
1974 $1,042,176,884 $6,599,257,044
1973 $761,132,545 $3,891,754,150
1972 $534,081,184 $3,185,986,087
1971 $422,181,562 $2,754,219,271
1970 $391,577,364 $2,862,503,139
1969 - $3,112,165,727
1968 - $2,582,179,864
1967 - $2,553,595,172
1966 - $2,429,308,639
1965 - $2,387,047,396
1964 - $2,244,146,103
1963 - $1,824,343,871
1962 - $1,518,207,703
1961 - $1,753,850,955
1960 - $2,069,464,937

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

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

GDP per capita in Bahrain vs Ecuador by year

Bahrain
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $6,875 $15,840
2023 $29,290 $64,171 $6,738 $15,919
2022 $30,471 $61,678 $6,516 $15,198
2021 $27,148 $54,955 $6,061 $13,507
2020 $24,343 $53,436 $5,464 $11,527
2019 $27,260 $56,600 $6,205 $12,543
2018 $26,324 $51,993 $6,304 $12,187
2017 $24,785 $50,185 $6,233 $11,793
2016 $23,800 $47,429 $5,918 $10,881
2015 $23,734 $48,034 $5,976 $10,878
2014 $26,452 $54,299 $6,406 $11,836
2013 $26,990 $56,310 $6,109 $11,296
2012 $26,439 $56,713 $5,634 $10,245
2011 $25,033 $52,677 $5,154 $9,769
2010 $21,819 $49,255 $4,520 $8,969
2009 $19,465 $48,626 $4,053 $8,662
2008 $23,299 $50,330 $4,195 $8,663
2007 $20,908 $49,347 $3,479 $8,112
2006 $19,267 $48,009 $3,244 $7,885
2005 $17,966 $47,268 $2,909 $7,457
2004 $15,964 $46,317 $2,586 $6,980
2003 $14,486 $45,427 $2,316 $6,475
2002 $13,501 $45,091 $2,059 $6,282
2001 $13,573 $46,162 $1,791 $5,999
2000 $14,214 $45,688 $1,382 $5,728
1999 $12,123 $43,561 $1,575 $5,638
1998 $11,625 $42,281 $2,284 $5,940
1997 $12,255 $40,965 $2,341 $5,793
1996 $12,092 $40,106 $2,136 $5,560
1995 $11,901 $38,839 $2,108 $5,469
1994 $11,629 $37,579 $1,997 $5,339
1993 $11,152 $37,870 $1,698 $5,112
1992 $10,460 $33,648 $1,655 $4,998
1991 $10,434 $31,657 $1,587 $4,887
1990 $9,343 $26,902 $1,455 $4,632
1989 $8,833 - $1,356 -
1988 $8,772 - $1,304 -
1987 $8,333 - $1,426 -
1986 $7,777 - $1,604 -
1985 $9,649 - $1,842 -
1984 $10,697 - $1,864 -
1983 $10,599 - $1,940 -
1982 $10,712 - $2,314 -
1981 $10,557 - $2,601 -
1980 $9,733 - $2,190 -
1979 $7,891 - $1,783 -
1978 $6,926 - $1,541 -
1977 $6,358 - $1,465 -
1976 $5,310 - $1,242 -
1975 $3,880 - $1,086 -
1974 $3,874 - $954 -
1973 $2,981 - $579 -
1972 $2,206 - $488 -
1971 $1,830 - $434 -
1970 $1,742 - $465 -
1969 - - $521 -
1968 - - $445 -
1967 - - $454 -
1966 - - $445 -
1965 - - $450 -
1964 - - $436 -
1963 - - $365 -
1962 - - $312 -
1961 - - $371 -
1960 - - $451 -

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

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $6,875 in Ecuador, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Ecuador ranks 110th at $15,840.

Economic indicators

Bahrain Ecuador
Gross domestic product
$47.1B
2024
$125B
2024
GDP rank
96/197
2024
62/197
2024
GDP growth
2.6%
2023-2024
-2%
2023-2024
GDP per capita
$29,654
2024
$6,875
2024
GDP per capita rank
42/197
2024
103/197
2024
GDP per capita, PPP
$66,941
2024
$15,840
2024
GDP per capita PPP rank
26/197
2024
110/197
2024
Government debt
$62.8B
2024
$67B
2024
Debt-to-GDP ratio
133.4%
2024
53.8%
2024
Government debt per person
$39,552
2024
$3,695
2024
Government debt per person rank
14/185
2024
93/185
2024
Average annual personal income after taxes
$23,253
2026
$5,894
2026
Market capitalization of domestic companies
$20.4B
2024
$747M
2000
Income share by richest 10% n/a
33.4%
2024
Income share by poorest 10% n/a
1.5%
2024
Government expenditure, % of GDP
29.1%
2024
38.1%
2024
Consumer prices inflation
0.92%
2023-2024
1.55%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
3.39%
2024
Population
1669503
18487749

Spending and national debt comparison by year

Bahrain
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Bahrain Ecuador
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 38.1% 53.8%
2023 29.1% 123% 39.5% 54.3%
2022 28.4% 111.6% 38.9% 57.2%
2021 30.6% 122.3% 37.5% 61.8%
2020 34.6% 125.7% 40.2% 63.6%
2019 31.2% 97.1% 39.8% 52.1%
2018 32.1% 90.4% 40.9% 49.5%
2017 30.7% 84% 40.5% 47.4%
2016 33.3% 77.4% 44.1% 46.1%
2015 34.8% 63.2% 44.1% 36.4%
2014 27.3% 42.6% 45.9% 28.2%
2013 32% 42.3% 46.7% 23.4%
2012 31.1% 34.8% 43.2% 19.3%
2011 30.2% 31.6% 39.6% 18.6%
2010 31.1% 28.8% 35.4% 18.4%
2009 24.6% 20.5% 34.3% 19.7%
2008 22.7% 12.1% 35.6% 24.9%
2007 22.4% 15.7% 24.7% 29.6%
2006 23.1% 19.4% 21.7% 33.1%
2005 23.9% 23.2% 22% 35.8%
2004 25% 28.2% 21.3% 40.2%
2003 28.1% 31.1% 21.3% 47.2%
2002 30.6% 27.2% 22.8% 55%
2001 26.5% 25% 21.4% 63.8%
2000 22.2% 24.7% 24.3% 92.2%
1999 27.1% 24.7% 24.1% 105.2%
1998 25.7% 20% 21.5% 70.3%
1997 31% 14.8% 22% 61.5%
1996 22.7% 13.1% 22.7% 69.3%
1995 25.1% 13.6% 22% 70.5%
1994 26.1% 5.62% - -
1993 26.7% 5.95% - -
1992 29.4% 6.45% - -
1991 28.5% 6.71% - -
1990 32.4% 7.24% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20).

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Ecuador spent $47.5B, or 38.1% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 53.8% in Ecuador, ranking 9/185 and 98/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Ecuador
1x
Year Deficit/surplus, % of GDP
Bahrain Ecuador
2024 -10.6% -1.28%
2023 -9.67% -3.48%
2022 -6.02% 0.04%
2021 -10.6% -1.59%
2020 -17.3% -7.38%
2019 -8.57% -3.47%
2018 -11.3% -2.8%
2017 -13.4% -5.77%
2016 -16.6% -10.3%
2015 -17.5% -6.87%
2014 -3.32% -8.11%
2013 -8.55% -8.17%
2012 -5.77% -2.83%
2011 -4.9% -0.13%
2010 -9.29% -1.39%
2009 -5.36% -3.71%
2008 4.08% 0.57%
2007 1.52% 2.66%
2006 2.24% 2.92%
2005 2.8% 0.66%
2004 0.24% 1.94%
2003 -1.7% 1.05%
2002 -3.27% 0.74%
2001 0.7% 0.03%
2000 7.33% -0.32%
1999 -4.85% -4.82%
1998 -5.49% -5.1%
1997 -6.39% -2.83%
1996 0.24% -3.44%
1995 -3.99% -2.02%
1994 -5.18% -
1993 -2.77% -
1992 -5.41% -
1991 -3.47% -
1990 -6.79% -

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

GeoRank.org/economy/bahrain/ecuador | 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 Ecuador's deficit of $1.59B, or 1.28% of GDP.

Over the past 30 years, Bahrain recorded a fiscal deficit in 22 of those years, while Ecuador ran a deficit in 21 years. On average, Bahrain posted an annual deficit equal to 5.51% of GDP, compared to deficit of 2.51% of GDP for Ecuador.

Inflation comparison by year

Inflation
Bahrain

Ecuador
1x
Year Consumer prices inflation
Bahrain Ecuador
2024 0.92% 1.55%
2023 0.07% 2.22%
2022 3.63% 3.47%
2021 -0.61% 0.13%
2020 -2.32% -0.34%
2019 1.01% 0.27%
2018 2.09% -0.22%
2017 1.39% 0.42%
2016 2.79% 1.73%
2015 1.85% 3.97%
2014 2.65% 3.59%
2013 3.3% 2.72%
2012 2.76% 5.1%
2011 -0.4% 4.47%
2010 1.96% 3.55%
2009 2.8% 5.16%
2008 3.53% 8.4%
2007 3.26% 2.28%
2006 2.01% 3.3%
2005 2.59% 2.17%
2004 2.35% 2.74%
2003 1.59% 7.93%
2002 -0.5% 12.5%
2001 -1.21% 37.7%
2000 -0.7% 96.1%
1999 -1.29% 52.2%
1998 -0.37% 36.1%
1997 2.43% 30.7%

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

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

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 11.8% in Ecuador. In 2024, inflation was 0.92% in Bahrain and 1.55% in Ecuador.

Top exports between countries

Bahrain
Export category Export value
Metals $13.4M
Chemicals & pharma $11K
Raw materials & minerals $5K
Ecuador
Export category Export value
Raw agricultural goods $793K
Animal & marine products $317K
Chemicals & pharma $141K
Processed food, beverages & tobacco $71K
Wood & paper products $21K
Machinery & equipment $1K
Miscellaneous $1K
Raw materials & minerals $1K

Balance of trade

Bahrain Ecuador
Current account balance
$2.28B
2024
$7.06B
2024
Current account balance ranking
44/190
2024
27/190
2024
Current account balance, % of GDP
+4.84%
2024
+5.66%
2024
Goods imports
$20.7B
2024
$27.9B
2024
Goods exports
$24.3B
2024
$34.7B
2024
Service imports
$12.4B
2024
$6.18B
2024
Service exports
$17B
2024
$3.86B
2024
Imports of goods and services, % of GDP
70.1%
2024
26.9%
2024
Exports of goods and services, % of GDP
87.7%
2024
30.3%
2024

Economic freedom indices

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

Bahrain Ecuador
Economic freedom 65.7 55.6
Economic freedom ranking 63/197 127/197
Property rights 60.9 33.2
Government integrity 45.9 33
Judicial effectiveness 30 48.1
Tax burden 99.9 74.2
Government spending 75 54.9
Fiscal health 0 90.3
Business freedom 75.9 64.3
Labor freedom 55.5 56.9
Monetary freedom 88.8 76.3
Trade freedom 86.8 66.4
Investment freedom 90 30
Financial freedom 80 40

Economic freedom comparison by year

Bahrain
Ecuador
1x
Year Economic freedom index
Bahrain Ecuador
2026 65.7 55.6
2025 65.6 55.8
2024 63.4 55
2023 62.5 55
2022 62 54.3
2021 69.9 52.4
2020 66.3 51.3
2019 66.4 46.9
2018 67.7 48.5
2017 68.5 49.3
2016 74.3 48.6
2015 73.4 49.2
2014 75.1 48
2013 75.5 46.9
2012 75.2 48.3
2011 77.7 47.1
2010 76.3 49.3
2009 74.8 52.5
2008 72.2 55.2
2007 71.2 55.3
2006 71.6 54.6
2005 71.2 52.9
2004 75.1 54.4
2003 76.3 54.1
2002 75.6 53.1
2001 75.9 55.1
2000 75.7 59.8
1999 75.2 62.9
1998 75.6 62.8
1997 76.1 61
1996 76.4 60.1
1995 76.2 57.7

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 55.6 for Ecuador, ranking 127/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Ecuador
Services, % of GDP
53.2%
2024
57.2%
2024
Industry, % of GDP
42.3%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
9.48%
2024
GNI, Atlas method
$44.6B
2024
$117B
2024
GNI per capita, PPP
$62,230
2024
$15,410
2024
Total reserves including gold
$4.95B
2024
$6.91B
2024
Total reserves ranking
102/177
2024
87/177
2024
Net foreign direct investment
-$2.43B
2024
-$438M
2024
Net inflows of foreign direct investment
$2.7B
2024
$443M
2024
Net outflows of foreign direct investment
$275M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
7%
2024
Poverty at national poverty lines n/a
28%
2024
Gross capital formation, % of GDP
28.4%
2024
18.5%
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/bahrain/ecuador | 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. TradeMap (2022–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

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.