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Economy of Bahrain vs Gambia compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.7B compared to $2.51B for the Gambia, ranking 95/197 and 173/197 by economy size, respectively.

Bahrain has $64B in government debt (141.4% of GDP), compared to $1.83B (67.5% of GDP) in the Gambia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Bahrain
GDP, current $

GDP, constant 2015 $
Gambia
GDP, current $

GDP, constant 2015 $
Year GDP
Bahrain Gambia
Current $ Constant $ Current $ Constant $
1966 - - $44,212,081 $253,504,726
1967 - - $46,695,007 $253,504,726
1968 - - $41,160,066 $277,780,702
1969 - - $45,168,072 $284,546,115
1970 $391,577,364 $3,916,965,158 $52,296,084 $302,056,646
1971 $422,181,562 $3,979,916,383 $55,728,663 $301,857,660
1972 $534,081,184 $4,420,574,963 $59,160,569 $302,587,264
1973 $761,132,545 $5,036,098,060 $75,187,749 $330,577,582
1974 $1,042,176,884 $5,462,767,480 $95,796,022 $350,011,556
1975 $1,099,107,601 $4,980,141,416 $115,179,719 $393,389,990
1976 $1,581,709,519 $6,497,904,126 $112,190,829 $422,308,977
1977 $1,989,060,283 $7,343,778,518 $138,093,099 $436,834,615
1978 $2,272,042,965 $7,627,414,970 $171,833,086 $464,427,039
1979 $2,710,160,739 $7,892,030,438 $207,112,628 $458,258,597
1980 $3,493,834,468 $8,095,666,864 $241,083,090 $486,991,776
1981 $3,943,109,532 $7,665,244,758 $218,767,743 $503,169,127
1982 $4,145,421,080 $7,086,042,176 $216,050,552 $499,321,983
1983 $4,247,030,468 $7,537,874,925 $213,448,585 $553,664,332
1984 $4,440,874,566 $7,915,043,506 $177,340,880 $573,237,790
1985 $4,152,376,484 $7,538,424,481 $225,726,359 $568,581,582
1986 $3,470,746,843 $7,627,603,584 $185,646,987 $591,842,657
1987 $3,856,922,694 $8,420,798,792 $220,626,484 $606,368,444
1988 $4,209,834,173 $9,010,254,004 $266,672,212 $633,514,510
1989 $4,393,093,963 $9,043,051,972 $284,120,329 $670,864,764
1990 $4,809,511,005 $9,444,382,363 $317,083,695 $694,740,031
1991 $5,248,911,170 $10,504,986,340 $690,311,081 $716,325,877
1992 $5,402,232,447 $11,207,769,729 $714,254,256 $740,528,299
1993 $5,913,001,064 $12,650,210,449 $755,040,974 $762,833,762
1994 $6,330,627,926 $12,618,584,749 $746,493,952 $764,011,165
1995 $6,651,180,851 $13,114,494,169 $785,999,865 $770,748,584
1996 $6,938,166,755 $13,653,500,708 $848,239,446 $787,886,530
1997 $7,219,407,713 $14,075,803,380 $803,633,342 $826,492,963
1998 $7,031,309,043 $14,750,034,868 $840,285,265 $855,420,206
1999 $7,528,469,149 $15,384,286,109 $814,724,032 $910,167,091
2000 $9,062,898,936 $16,199,663,949 $782,913,872 $960,226,283
2001 $8,976,196,809 $16,603,189,277 $687,410,645 $1,015,919,410
2002 $9,593,510,638 $17,159,155,483 $578,235,309 $982,902,028
2003 $11,074,813,830 $18,239,571,634 $487,038,685 $1,050,427,393
2004 $13,150,159,574 $19,512,869,154 $961,900,651 $1,124,482,525
2005 $15,968,723,404 $20,833,694,756 $1,027,701,068 $1,098,037,739
2006 $18,504,760,638 $22,181,009,695 $1,054,112,488 $1,091,937,250
2007 $21,730,000,000 $24,020,694,053 $1,279,703,047 $1,125,167,625
2008 $25,710,904,255 $25,520,789,027 $1,561,766,956 $1,195,557,049
2009 $22,938,218,085 $26,168,987,899 $1,450,142,509 $1,275,249,586
2010 $26,805,984,043 $27,303,230,073 $1,543,294,927 $1,350,595,614
2011 $29,914,680,851 $27,829,679,464 $1,409,693,597 $1,240,786,190
2012 $31,963,404,255 $28,888,050,242 $1,415,004,738 $1,305,822,858
2013 $33,823,324,468 $30,416,985,616 $1,375,609,453 $1,343,336,129
2014 $34,772,526,596 $31,727,610,008 $1,229,461,721 $1,324,430,252
2015 $32,523,297,872 $32,523,297,872 $1,378,176,609 $1,378,176,609
2016 $33,884,680,851 $33,764,059,499 $1,484,578,886 $1,404,959,537
2017 $37,204,813,830 $35,436,675,411 $1,504,909,463 $1,472,715,274
2018 $39,567,978,723 $36,164,044,588 $1,670,671,328 $1,579,264,609
2019 $40,446,808,511 $36,906,448,211 $1,813,609,692 $1,677,527,292
2020 $35,837,632,979 $34,724,774,104 $1,812,170,891 $1,687,449,653
2021 $40,840,212,766 $36,235,315,986 $2,014,158,842 $1,776,141,480
2022 $46,458,191,489 $38,474,716,945 $2,204,734,527 $1,873,704,901
2023 $46,192,260,638 $39,966,811,156 $2,396,111,021 $1,963,596,061
2024 $47,736,702,128 $41,172,709,123 $2,507,519,958 $2,076,438,382

Economic indicators

Bahrain Gambia
Gross domestic product
$47.7B
2024
$2.51B
2024
GDP rank
95/197
2024
173/197
2024
GDP growth
3.34%
2023-2024
4.65%
2023-2024
GDP per capita
$30,048
2024
$909
2024
GDP per capita rank
41/197
2024
182/197
2024
GDP per capita, PPP
$67,211
2024
$3,445
2024
Government debt
$64B
2024
$1.83B
2024
Debt-to-GDP ratio
141.4%
2025
67.5%
2025
Government debt per person
$40,267
2024
$663
2024
Government debt per person rank
13/185
2024
157/185
2024
Average annual personal income after taxes
$20,364
2025
$753
2025
Market capitalization of domestic companies
$20.4B
2024
n/a
Income share by richest 10% n/a
30.5%
2020
Income share by poorest 10% n/a
2.6%
2020
Government expenditure, % of GDP
29.6%
2025
24%
2025
Consumer prices inflation
0.92%
2023-2024
11.6%
2023-2024
Central bank interest rate
4.75%
2025
17%
2023
Unemployment rate
1.2%
2012
6.48%
2023
Population
1650128
2871879

GDP per capita in Bahrain vs Gambia

Bahrain's GDP per capita is $30,048, ranking 41/197, compared to $909 in the Gambia, ranking 182/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $67,211, while the Gambia ranks 172nd at $3,445.

Bahrain
GDP per capita

GDP per capita, PPP
Gambia
GDP per capita

GDP per capita, PPP
Year Current $
Bahrain Gambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1966 - - $94.4 -
1967 - - $97 -
1968 - - $83.1 -
1969 - - $88.7 -
1970 $1,742 - $99.8 -
1971 $1,830 - $103.3 -
1972 $2,206 - $106.5 -
1973 $2,981 - $131.4 -
1974 $3,874 - $162.6 -
1975 $3,880 - $189.8 -
1976 $5,310 - $179.3 -
1977 $6,358 - $213.8 -
1978 $6,926 - $257.6 -
1979 $7,891 - $300 -
1980 $9,733 - $338 -
1981 $10,557 - $296 -
1982 $10,712 - $282.1 -
1983 $10,599 - $268.6 -
1984 $10,697 - $214.8 -
1985 $9,649 - $262.8 -
1986 $7,777 - $207.7 -
1987 $8,333 - $237 -
1988 $8,772 - $274.9 -
1989 $8,833 - $280.9 -
1990 $9,343 $26,902 $301 $1,409
1991 $10,434 $31,657 $628 $1,440
1992 $10,460 $33,648 $623 $1,462
1993 $11,152 $37,870 $635 $1,487
1994 $11,629 $37,579 $608 $1,473
1995 $11,901 $38,839 $622 $1,472
1996 $12,092 $40,106 $652 $1,489
1997 $12,255 $40,965 $600 $1,544
1998 $11,625 $42,281 $610 $1,572
1999 $12,123 $43,561 $575 $1,649
2000 $14,214 $45,688 $538 $1,731
2001 $13,573 $46,162 $460 $1,823
2002 $13,501 $45,091 $377 $1,744
2003 $14,486 $45,427 $309 $1,850
2004 $15,964 $46,317 $593 $1,979
2005 $17,966 $47,268 $616 $1,938
2006 $19,267 $48,009 $615 $1,931
2007 $20,908 $49,347 $725 $1,985
2008 $23,299 $50,330 $859 $2,088
2009 $19,465 $48,626 $775 $2,177
2010 $21,819 $49,255 $801 $2,267
2011 $25,033 $52,677 $711 $2,064
2012 $26,439 $56,713 $693 $2,065
2013 $26,990 $56,310 $654 $2,007
2014 $26,452 $54,299 $568 $1,934
2015 $23,734 $48,034 $620 $1,990
2016 $23,800 $47,429 $650 $2,013
2017 $24,785 $50,185 $643 $2,039
2018 $26,324 $51,993 $696 $2,277
2019 $27,260 $56,600 $738 $2,422
2020 $24,343 $53,436 $720 $2,531
2021 $27,148 $54,955 $782 $2,778
2022 $30,471 $61,678 $836 $3,067
2023 $29,290 $64,171 $888 $3,254
2024 $30,048 $67,211 $909 $3,445

Spending and national debt comparison

In 2024, Bahrain's government spending was $14.4B, accounting for 29.6% of its GDP, while the Gambia's spent $612M, or 24% of GDP.

Debt-to-GDP ratio is 141.4% in Bahrain and 67.5% in the Gambia, ranking 8/185 and 62/185, respectively.

Bahrain
Government spending

Government debt
Gambia
Government spending

Government debt
Year % of GDP
Bahrain Gambia
Government spending Government debt Government spending Government debt
1990 32.4% 7.24% - -
1991 28.5% 6.71% - -
1992 29.4% 6.45% - -
1993 26.7% 5.95% - -
1994 26.1% 5.62% - -
1995 25.1% 13.6% - -
1996 22.7% 13.1% - -
1997 31% 14.8% - -
1998 25.7% 20% - -
1999 27.1% 24.7% - -
2000 22.2% 24.7% 9.54% 73.3%
2001 26.5% 25% 9.68% 75.2%
2002 30.6% 27.2% 8.59% 93.9%
2003 28.1% 31.1% 9.3% 91.7%
2004 25% 28.2% 12.4% 81.3%
2005 23.9% 23.2% 12.9% 82.6%
2006 23.1% 19.4% 14% 87.3%
2007 22.4% 15.7% 11.2% 38%
2008 22.7% 12.1% 11.6% 39.5%
2009 24.6% 20.5% 14.4% 38.9%
2010 31.1% 28.8% 14.6% 42.9%
2011 30.2% 31.6% 16.5% 49.2%
2012 31.1% 34.8% 19.1% 49.5%
2013 32% 42.3% 17.2% 58.2%
2014 27.3% 42.6% 19% 71.1%
2015 34.8% 63.2% 19.6% 69.4%
2016 33.3% 77.4% 19.4% 79.3%
2017 30.7% 84% 23.6% 87%
2018 32.1% 90.4% 19% 83.6%
2019 31.2% 97.1% 23.9% 83%
2020 34.6% 125.7% 25.3% 85.9%
2021 30.6% 122.3% 21.5% 83.1%
2022 27.5% 111.6% 22.6% 83.9%
2023 27.9% 123% 23.8% 75.7%
2024 30.2% 134% 24.4% 72.9%
2025 29.6% 141.4% 24% 67.5%

Government deficit by year

In 2024, Bahrain's government deficit, the difference between spending and revenue, was -$5.11B, equivalent to -10.7% of GDP. This compares to the Gambia's deficit of -$97.6M, or -3.89% of GDP.

Over the past 25 years, Bahrain recorded a fiscal deficit in 18 of those years, while the Gambia ran a deficit in 23 years. On average, Bahrain posted an annual deficit equal to -5.71% of GDP, compared to deficit of -2.98% of GDP for the Gambia.

Deficit/surplus
Bahrain

Gambia
Year Deficit/surplus, % of GDP
Bahrain Gambia
1990 -6.79% -
1991 -3.47% -
1992 -5.41% -
1993 -2.77% -
1994 -5.18% -
1995 -3.99% -
1996 0.24% -
1997 -6.39% -
1998 -5.49% -
1999 -4.85% -
2000 7.33% -0.09%
2001 0.7% -2.52%
2002 -3.27% 0.06%
2003 -1.7% -1.73%
2004 0.24% -1.77%
2005 2.8% -3.33%
2006 2.24% -3.19%
2007 1.52% 0.27%
2008 4.08% -0.45%
2009 -5.36% -1.65%
2010 -9.29% -2.93%
2011 -4.9% -3.03%
2012 -5.77% -2.85%
2013 -8.55% -5.11%
2014 -3.32% -3.94%
2015 -17.5% -5.38%
2016 -16.6% -6.22%
2017 -13.4% -4.35%
2018 -11.3% -3.92%
2019 -8.57% -2.75%
2020 -17.3% -2.37%
2021 -10.6% -4.77%
2022 -5.15% -5.01%
2023 -8.46% -3.52%
2024 -10.7% -3.89%
2025 -10.4% -1.35%

Inflation comparison by year

Over the past 29 years, Bahrain has recorded an average annual inflation rate of 1.28%, compared with 6.55% in the Gambia. In 2024, inflation was 0.92% in Bahrain and 11.6% in the Gambia.

Inflation
Bahrain

Gambia
Year Inflation
Bahrain Gambia Bahrain Gambia
1996 -0.45% 1.1%
1997 2.43% 2.78%
1998 -0.37% 1.11%
1999 -1.29% 3.81%
2000 -0.7% 0.84%
2001 -1.21% 4.49%
2002 -0.5% 8.61%
2003 1.59% 17%
2004 2.35% 14.2%
2005 2.59% 4.84%
2006 2.01% 2.06%
2007 3.26% 5.37%
2008 3.53% 4.44%
2009 2.8% 4.56%
2010 1.96% 5.05%
2011 -0.4% 4.8%
2012 2.76% 4.25%
2013 3.3% 5.7%
2014 2.65% 5.95%
2015 1.85% 6.81%
2016 2.79% 7.23%
2017 1.39% 8.03%
2018 2.09% 6.52%
2019 1.01% 7.12%
2020 -2.32% 5.93%
2021 -0.61% 7.37%
2022 3.63% 11.5%
2023 0.07% 17%
2024 0.92% 11.6%

Top exports between countries

Bahrain
Export category Export value
Machinery & equipment $28K
Miscellaneous $1K
Gambia
Export category Export value

Balance of trade

Bahrain Gambia
Current account balance
$2.28B
2024
-$74.4M
2024
Current account balance ranking
42/189
2024
84/189
2024
Current account balance, % of GDP
+4.78%
2024
-2.97%
2024
Goods imports
$20.7B
2024
$1.39B
2024
Goods exports
$24.3B
2024
$363M
2024
Service imports
$12.4B
2024
$161M
2024
Service exports
$17B
2024
$475M
2024
Imports of goods and services, % of GDP
70.1%
2023
37.2%
2024
Exports of goods and services, % of GDP
87.4%
2023
6.55%
2024

Economic freedom indices

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

Bahrain Gambia
Economic freedom 65.6 56.8
Economic freedom ranking 61/197 116/197
Property rights 65.4 55
Government integrity 39.8 39.5
Judicial effectiveness 30.2 45.2
Tax burden 99.9 79.3
Government spending 74.3 84.8
Fiscal health 0 56.9
Business freedom 76.5 50.6
Labor freedom 55.3 48
Monetary freedom 88.7 55.7
Trade freedom 86.6 66.8
Investment freedom 90 50
Financial freedom 80 50

Economic freedom by year comparison

The Economic Freedom Index for Bahrain is 65.6, ranking 61/197, compared to 56.8 for the Gambia, ranking 116/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bahrain
Gambia
Year Economic freedom index
Bahrain Gambia
1995 76.2 -
1996 76.4 -
1997 76.1 52.9
1998 75.6 53.4
1999 75.2 52.1
2000 75.7 52.7
2001 75.9 56.6
2002 75.6 57.7
2003 76.3 56.3
2004 75.1 55.3
2005 71.2 56.5
2006 71.6 57.3
2007 71.2 57.7
2008 72.2 56.9
2009 74.8 55.8
2010 76.3 55.1
2011 77.7 57.4
2012 75.2 58.8
2013 75.5 58.8
2014 75.1 59.5
2015 73.4 57.5
2016 74.3 57.1
2017 68.5 53.4
2018 67.7 52.3
2019 66.4 52.4
2020 66.3 56.3
2021 69.9 58.8
2022 62 58
2023 62.5 57.9
2024 63.4 58.2
2025 65.6 56.8

More economic indicators

Bahrain Gambia
Services, % of GDP
51.9%
2023
53.9%
2024
Industry, % of GDP
43.4%
2023
14.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2023
24.1%
2024
GNI, Atlas method
$45.8B
2024
$2.46B
2024
GNI per capita, PPP
$63,610
2024
$3,400
2024
Total reserves including gold
$4.95B
2024
$629M
2024
Total reserves ranking
102/177
2024
151/177
2024
Net foreign direct investment
-$2.43B
2024
-$232M
2024
Net inflows of foreign direct investment
$2.7B
2024
$232M
2024
Net outflows of foreign direct investment
$275M
2024
-$665K
2024
Servicing debt to the IMF, % of GNI
n/a
2.33%
2023
Poverty at national poverty lines n/a
53.4%
2020
Gross capital formation, % of GDP
29.3%
2023
39%
2024

GDP per capita map

GDP per capita

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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.