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Economy of Bahrain vs Equatorial Guinea compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $12.8B for Equatorial Guinea, ranking 96/197 and 148/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $4.65B (36.4% of GDP) in Equatorial Guinea.

Bahrain vs Equatorial Guinea GDP by year

Bahrain
Equatorial Guinea
1x
Year GDP, current $
Bahrain Equatorial Guinea
2024 $47,109,734,309 $12,765,777,677
2023 $46,192,260,638 $12,337,550,584
2022 $46,458,191,489 $13,687,643,436
2021 $40,840,212,766 $12,215,878,033
2020 $35,837,632,979 $9,893,816,008
2019 $40,446,808,511 $11,364,133,550
2018 $39,567,978,723 $13,097,012,134
2017 $37,204,813,830 $12,200,913,879
2016 $33,884,680,851 $11,240,808,848
2015 $32,523,297,872 $13,185,496,881
2014 $34,772,526,596 $21,765,453,082
2013 $33,823,324,468 $21,948,834,284
2012 $31,963,404,255 $22,388,344,144
2011 $29,914,680,851 $21,357,343,669
2010 $26,805,984,043 $16,314,443,436
2009 $22,938,218,085 $15,027,795,173
2008 $25,710,904,255 $19,749,893,536
2007 $21,730,000,000 $13,071,718,759
2006 $18,504,760,638 $10,086,528,699
2005 $15,968,723,404 $8,217,369,093
2004 $13,150,159,574 $4,410,764,339
2003 $11,074,813,830 $2,484,745,935
2002 $9,593,510,638 $1,806,742,742
2001 $8,976,196,809 $1,461,139,022
2000 $9,062,898,936 $1,045,998,496
1999 $7,528,469,149 $621,117,886
1998 $7,031,309,043 $370,687,634
1997 $7,219,407,713 $442,337,871
1996 $6,938,166,755 $232,463,023
1995 $6,651,180,851 $141,853,361
1994 $6,330,627,926 $100,807,003
1993 $5,913,001,064 $136,047,906
1992 $5,402,232,447 $134,707,184
1991 $5,248,911,170 $110,906,029
1990 $4,809,511,005 $112,119,411
1989 $4,393,093,963 $88,265,975
1988 $4,209,834,173 $100,534,657
1987 $3,856,922,694 $93,345,860
1986 $3,470,746,843 $76,407,396
1985 $4,152,376,484 $62,118,570
1984 $4,440,874,566 $50,320,914
1983 $4,247,030,468 $44,442,457
1982 $4,145,421,080 $44,294,648
1981 $3,943,109,532 $36,731,423
1980 $3,493,834,468 $50,642,881
1979 $2,710,160,739 -
1978 $2,272,042,965 -
1977 $1,989,060,283 $103,987,520
1976 $1,581,709,519 $103,653,050
1975 $1,099,107,601 $104,295,643
1974 $1,042,176,884 $94,159,863
1973 $761,132,545 $81,203,227
1972 $534,081,184 $65,429,198
1971 $422,181,562 $64,946,955
1970 $391,577,364 $66,331,429
1969 - $67,225,714
1968 - $67,514,286
1967 - $72,317,447
1966 - $69,110,000
1965 - $64,748,333
1964 - $51,915,000
1963 - $44,266,667
1962 - $37,253,333

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahrain/equatorial-guinea | CC BY

GDP per capita in Bahrain vs Equatorial Guinea by year

Bahrain
GDP per capita

GDP per capita, PPP
Equatorial Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Equatorial Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $6,745 $17,567
2023 $29,290 $64,171 $6,678 $17,412
2022 $30,471 $61,678 $7,589 $18,140
2021 $27,148 $54,955 $6,946 $16,821
2020 $24,343 $53,436 $5,764 $13,677
2019 $27,260 $56,600 $6,804 $16,451
2018 $26,324 $51,993 $8,102 $18,413
2017 $24,785 $50,185 $7,809 $18,435
2016 $23,800 $47,429 $7,453 $16,649
2015 $23,734 $48,034 $9,069 $19,479
2014 $26,452 $54,299 $15,549 $27,177
2013 $26,990 $56,310 $16,304 $27,910
2012 $26,439 $56,713 $17,309 $30,012
2011 $25,033 $52,677 $17,198 $27,242
2010 $21,819 $49,255 $13,720 $26,168
2009 $19,465 $48,626 $13,233 $29,722
2008 $23,299 $50,330 $18,211 $30,523
2007 $20,908 $49,347 $12,617 $26,611
2006 $19,267 $48,009 $10,185 $23,511
2005 $17,966 $47,268 $8,674 $22,137
2004 $15,964 $46,317 $4,901 $19,354
2003 $14,486 $45,427 $2,931 $14,496
2002 $13,501 $45,091 $2,264 $13,255
2001 $13,573 $46,162 $1,949 $11,627
2000 $14,214 $45,688 $1,487 $7,420
1999 $12,123 $43,561 $931 $6,470
1998 $11,625 $42,281 $578 $5,280
1997 $12,255 $40,965 $717 $4,387
1996 $12,092 $40,106 $392 $1,793
1995 $11,901 $38,839 $248.3 $1,098
1994 $11,629 $37,579 $183.2 $951
1993 $11,152 $37,870 $256.7 $828
1992 $10,460 $33,648 $263.7 $756
1991 $10,434 $31,657 $225.3 $569
1990 $9,343 $26,902 $236.4 $577
1989 $8,833 - $193.2 -
1988 $8,772 - $228.7 -
1987 $8,333 - $220.9 -
1986 $7,777 - $188.8 -
1985 $9,649 - $161.1 -
1984 $10,697 - $137.9 -
1983 $10,599 - $129.4 -
1982 $10,712 - $137.5 -
1981 $10,557 - $121.1 -
1980 $9,733 - $175.5 -
1979 $7,891 - - -
1978 $6,926 - - -
1977 $6,358 - $376 -
1976 $5,310 - $369 -
1975 $3,880 - $362 -
1974 $3,874 - $319 -
1973 $2,981 - $268.6 -
1972 $2,206 - $211.4 -
1971 $1,830 - $205.6 -
1970 $1,742 - $206.8 -
1969 - - $208.4 -
1968 - - $211.7 -
1967 - - $231.9 -
1966 - - $226.7 -
1965 - - $217.1 -
1964 - - $177.8 -
1963 - - $154.8 -
1962 - - $132.9 -

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/bahrain/equatorial-guinea | CC BY

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $6,745 in Equatorial Guinea, ranking 106/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Equatorial Guinea ranks 106th at $17,567.

Economic indicators

Bahrain Equatorial Guinea
Gross domestic product
$47.1B
2024
$12.8B
2024
GDP rank
96/197
2024
148/197
2024
GDP growth
2.6%
2023-2024
0.91%
2023-2024
GDP per capita
$29,654
2024
$6,745
2024
GDP per capita rank
42/197
2024
106/197
2024
GDP per capita, PPP
$66,941
2024
$17,567
2024
GDP per capita PPP rank
26/197
2024
106/197
2024
Government debt
$62.8B
2024
$4.65B
2024
Debt-to-GDP ratio
133.4%
2024
36.4%
2024
Government debt per person
$39,552
2024
$2,458
2024
Government debt per person rank
14/185
2024
110/185
2024
Average annual personal income after taxes
$23,253
2026
$5,042
2026
Market capitalization of domestic companies
$20.4B
2024
n/a
Income share by richest 10% n/a
29.1%
2022
Income share by poorest 10% n/a
2.6%
2022
Government expenditure, % of GDP
29.1%
2024
18.5%
2024
Consumer prices inflation
0.92%
2023-2024
3.4%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
8.6%
2014
Population
1669503
1998075

Spending and national debt comparison by year

Bahrain
Spending

Debt
Equatorial Guinea
Spending

Debt
1x
Year % of GDP
Bahrain Equatorial Guinea
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 18.5% 36.4%
2023 29.1% 123% 19.2% 39.1%
2022 28.4% 111.6% 14.8% 29.8%
2021 30.6% 122.3% 12.7% 42.3%
2020 34.6% 125.7% 16.2% 49.4%
2019 31.2% 97.1% 16.8% 43.2%
2018 32.1% 90.4% 19.1% 40.6%
2017 30.7% 84% 20.1% 36.2%
2016 33.3% 77.4% 27.8% 41.1%
2015 34.8% 63.2% 41.6% 31.7%
2014 27.3% 42.6% 31.6% 12.6%
2013 32% 42.3% 29.3% 6.27%
2012 31.1% 34.8% 35.2% 7.1%
2011 30.2% 31.6% 27.5% 7.17%
2010 31.1% 28.8% 31.2% 7.89%
2009 24.6% 20.5% 39.8% 4.34%
2008 22.7% 12.1% 19.9% 0.49%
2007 22.4% 15.7% 19.7% 0.75%
2006 23.1% 19.4% 18.1% 1.22%
2005 23.9% 23.2% 14.1% 2.85%
2004 25% 28.2% 15.5% 4.54%
2003 28.1% 31.1% 11.8% 6.77%
2002 30.6% 27.2% 11.3% 19.4%
2001 26.5% 25% 13.5% 25.5%
2000 22.2% 24.7% 22.6% 36.6%
1999 27.1% 24.7% 18.7% 60.5%
1998 25.7% 20% 35.1% 59.2%
1997 31% 14.8% 14.8% 46.3%
1996 22.7% 13.1% 22.9% 91.2%
1995 25.1% 13.6% 141.5% 136.9%
1994 26.1% 5.62% 510% 216%
1993 26.7% 5.95% 256.3% 152.6%
1992 29.4% 6.45% 595% 136.9%
1991 28.5% 6.71% 284.5% 169.5%
1990 32.4% 7.24% 212.9% 157%
1989 - - 116.8% 187%
1988 - - 227.9% 154.5%
1987 - - 183% 141.3%
1986 - - 119% 152.5%
1985 - - 115.4% 183.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/equatorial-guinea | CC BY

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Equatorial Guinea spent $2.36B, or 18.5% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 36.4% in Equatorial Guinea, ranking 9/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Equatorial Guinea
1x
Year Deficit/surplus, % of GDP
Bahrain Equatorial Guinea
2024 -10.6% -0.55%
2023 -9.67% 2.39%
2022 -6.02% 11.7%
2021 -10.6% 2.65%
2020 -17.3% -1.77%
2019 -8.57% 1.82%
2018 -11.3% 0.52%
2017 -13.4% -2.59%
2016 -16.6% -10.9%
2015 -17.5% -15.1%
2014 -3.32% -7.54%
2013 -8.55% -4.4%
2012 -5.77% -7.24%
2011 -4.9% 0.83%
2010 -9.29% -4.53%
2009 -5.36% -6.47%
2008 4.08% 14.6%
2007 1.52% 17.2%
2006 2.24% 21.8%
2005 2.8% 18.5%
2004 0.24% 9.22%
2003 -1.7% 9.99%
2002 -3.27% 17.6%
2001 0.7% 14.9%
2000 7.33% -2.67%
1999 -4.85% -0.19%
1998 -5.49% -7.65%
1997 -6.39% 3.21%
1996 0.24% -6.36%
1995 -3.99% -123.4%
1994 -5.18% -487%
1993 -2.77% -217.9%
1992 -5.41% -557%
1991 -3.47% -236%
1990 -6.79% -160.2%
1989 - -76.2%
1988 - -208.5%
1987 - -158%
1986 - -97.3%
1985 - -89.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/equatorial-guinea | 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 Equatorial Guinea's deficit of $70.8M, or 0.55% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Equatorial Guinea ran a deficit in 20 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 49% of GDP for Equatorial Guinea.

Inflation comparison by year

Inflation
Bahrain

Equatorial Guinea
1x
Year Consumer prices inflation
Bahrain Equatorial Guinea
2024 0.92% 3.4%
2023 0.07% 2.4%
2022 3.63% 4.9%
2021 -0.61% -0.1%
2020 -2.32% 4.8%
2019 1.01% 1.2%
2018 2.09% 1.3%
2017 1.39% 0.7%
2016 2.79% 1.4%
2015 1.85% 1.7%
2014 2.65% 4.3%
2013 3.3% 3.2%
2012 2.76% 3.4%
2011 -0.4% 4.8%
2010 1.96% 5.3%
2009 2.8% 5.7%
2008 3.53% 4.7%
2007 3.26% 2.8%
2006 2.01% 4.5%
2005 2.59% 5.6%
2004 2.35% 4.2%
2003 1.59% 7.3%
2002 -0.5% 7.6%
2001 -1.21% 8.7%
2000 -0.7% 4.8%
1999 -1.29% 0.4%
1998 -0.37% 7.9%
1997 2.43% 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/bahrain/equatorial-guinea | CC BY

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 3.93% in Equatorial Guinea. In 2024, inflation was 0.92% in Bahrain and 3.4% in Equatorial Guinea.

Top exports between countries

Bahrain
Export category Export value
Machinery & equipment $284K
Equatorial Guinea
Export category Export value
Textiles & consumer goods $2K

Balance of trade

Bahrain Equatorial Guinea
Current account balance
$2.28B
2024
-$344M
1996
Current account balance ranking
44/190
2024
101/190
1996
Current account balance, % of GDP
+4.84%
2024
-148%
1996
Goods imports
$20.7B
2024
$292M
1996
Goods exports
$24.3B
2024
$175M
1996
Service imports
$12.4B
2024
$185M
1996
Service exports
$17B
2024
$4.88M
1996
Imports of goods and services, % of GDP
70.1%
2024
25.4%
2024
Exports of goods and services, % of GDP
87.7%
2024
35.2%
2024

Economic freedom indices

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

Bahrain Equatorial Guinea
Economic freedom 65.7 47.4
Economic freedom ranking 63/197 175/197
Property rights 60.9 16.9
Government integrity 45.9 6.9
Judicial effectiveness 30 7.2
Tax burden 99.9 81
Government spending 75 90.8
Fiscal health 0 97.3
Business freedom 75.9 35.9
Labor freedom 55.5 45.2
Monetary freedom 88.8 73.5
Trade freedom 86.8 43.6
Investment freedom 90 40
Financial freedom 80 30

Economic freedom comparison by year

Bahrain
Equatorial Guinea
1x
Year Economic freedom index
Bahrain Equatorial Guinea
2026 65.7 47.4
2025 65.6 47.7
2024 63.4 47.7
2023 62.5 48.3
2022 62 47.2
2021 69.9 49.2
2020 66.3 48.3
2019 66.4 41
2018 67.7 42
2017 68.5 45
2016 74.3 43.7
2015 73.4 40.4
2014 75.1 44.4
2013 75.5 42.3
2012 75.2 42.8
2011 77.7 47.5
2010 76.3 48.6
2009 74.8 51.3
2008 72.2 51.6
2007 71.2 53.2
2006 71.6 51.5
2005 71.2 53.3
2004 75.1 53.3
2003 76.3 53.1
2002 75.6 46.4
2001 75.9 47.9
2000 75.7 45.6
1999 75.2 45.1
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/equatorial-guinea | CC BY

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 47.4 for Equatorial Guinea, ranking 175/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Equatorial Guinea
Services, % of GDP
53.2%
2024
51.1%
2024
Industry, % of GDP
42.3%
2024
45.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
3.15%
2024
GNI, Atlas method
$44.6B
2024
$8.96B
2024
GNI per capita, PPP
$62,230
2024
$12,330
2024
Total reserves including gold
$4.95B
2024
$1.54B
2023
Total reserves ranking
102/177
2024
134/177
2023
Net foreign direct investment
-$2.43B
2024
-$376M
1996
Net inflows of foreign direct investment
$2.7B
2024
$188M
2024
Net outflows of foreign direct investment
$275M
2024
$154M
2024
Poverty at national poverty lines n/a
50.7%
2022
Gross capital formation, % of GDP
28.4%
2024
8.96%
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/equatorial-guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2014, 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.

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.