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Economy of Bahrain vs Germany compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $4.69T for Germany, ranking 96/197 and 3/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $2.97T (63.5% of GDP) in Germany.

Bahrain vs Germany GDP by year

Bahrain
Germany
1x
Year GDP, current $
Bahrain Germany
2024 $47,109,734,309 $4,685,592,577,805
2023 $46,192,260,638 $4,562,207,532,490
2022 $46,458,191,489 $4,201,021,706,479
2021 $40,840,212,766 $4,355,251,953,411
2020 $35,837,632,979 $3,941,398,957,074
2019 $40,446,808,511 $3,959,894,794,039
2018 $39,567,978,723 $4,055,433,215,302
2017 $37,204,813,830 $3,765,351,626,106
2016 $33,884,680,851 $3,536,787,895,179
2015 $32,523,297,872 $3,425,099,578,746
2014 $34,772,526,596 $3,964,870,735,761
2013 $33,823,324,468 $3,807,023,797,051
2012 $31,963,404,255 $3,596,483,233,406
2011 $29,914,680,851 $3,823,575,803,794
2010 $26,805,984,043 $3,467,093,769,667
2009 $22,938,218,085 $3,478,545,516,684
2008 $25,710,904,255 $3,808,197,720,125
2007 $21,730,000,000 $3,484,056,680,855
2006 $18,504,760,638 $3,046,308,753,671
2005 $15,968,723,404 $2,893,393,187,362
2004 $13,150,159,574 $2,852,317,768,062
2003 $11,074,813,830 $2,534,715,518,349
2002 $9,593,510,638 $2,102,350,798,306
2001 $8,976,196,809 $1,966,381,496,642
2000 $9,062,898,936 $1,966,980,701,145
1999 $7,528,469,149 $2,213,873,468,587
1998 $7,031,309,043 $2,247,760,364,566
1997 $7,219,407,713 $2,218,790,886,533
1996 $6,938,166,755 $2,506,576,553,158
1995 $6,651,180,851 $2,593,053,091,306
1994 $6,330,627,926 $2,215,282,632,277
1993 $5,913,001,064 $2,078,954,217,438
1992 $5,402,232,447 $2,141,377,582,968
1991 $5,248,911,170 $1,875,792,575,133
1990 $4,809,511,005 $1,778,162,195,860
1989 $4,393,093,963 $1,404,092,925,205
1988 $4,209,834,173 $1,406,367,016,372
1987 $3,856,922,694 $1,302,932,318,825
1986 $3,470,746,843 $1,050,092,624,516
1985 $4,152,376,484 $735,218,723,093
1984 $4,440,874,566 $727,767,760,979
1983 $4,247,030,468 $773,507,930,295
1982 $4,145,421,080 $779,421,633,755
1981 $3,943,109,532 $803,404,797,058
1980 $3,493,834,468 $953,772,499,462
1979 $2,710,160,739 $884,574,218,333
1978 $2,272,042,965 $743,182,891,918
1977 $1,989,060,283 $602,698,323,086
1976 $1,581,709,519 $521,658,712,133
1975 $1,099,107,601 $492,434,094,920
1974 $1,042,176,884 $446,934,971,657
1973 $761,132,545 $399,833,571,167
1972 $534,081,184 $300,899,944,795
1971 $422,181,562 $250,900,942,397
1970 $391,577,364 $216,629,229,947
1969 - $177,733,486,326
1968 - $156,527,292,653
1967 - $145,100,667,773
1966 - $143,304,275,684
1965 - $134,774,688,191
1964 - $123,330,404,665
1963 - $112,232,503,744
1962 - $105,895,435,234
1961 - $96,558,204,043
1960 - $84,619,845,881

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

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

GDP per capita in Bahrain vs Germany by year

Bahrain
GDP per capita

GDP per capita, PPP
Germany
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Germany
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $56,104 $73,552
2023 $29,290 $64,171 $54,777 $71,684
2022 $30,471 $61,678 $50,507 $69,049
2021 $27,148 $54,955 $52,349 $62,531
2020 $24,343 $53,436 $47,395 $58,686
2019 $27,260 $56,600 $47,656 $59,271
2018 $26,324 $51,993 $48,916 $56,273
2017 $24,785 $50,185 $45,554 $54,110
2016 $23,800 $47,429 $42,949 $51,570
2015 $23,734 $48,034 $41,930 $48,545
2014 $26,452 $54,299 $48,960 $47,939
2013 $26,990 $56,310 $47,207 $45,889
2012 $26,439 $56,713 $44,718 $44,229
2011 $25,033 $52,677 $47,631 $43,398
2010 $21,819 $49,255 $42,397 $39,726
2009 $19,465 $48,626 $42,472 $37,574
2008 $23,299 $50,330 $46,379 $38,444
2007 $20,908 $49,347 $42,351 $36,914
2006 $19,267 $48,009 $36,980 $34,741
2005 $17,966 $47,268 $35,084 $32,314
2004 $15,964 $46,317 $34,567 $31,753
2003 $14,486 $45,427 $30,711 $30,301
2002 $13,501 $45,091 $25,487 $29,514
2001 $13,573 $46,162 $23,878 $28,674
2000 $14,214 $45,688 $23,926 $27,474
1999 $12,123 $43,561 $26,965 $26,518
1998 $11,625 $42,281 $27,396 $25,446
1997 $12,255 $40,965 $27,047 $24,649
1996 $12,092 $40,106 $30,600 $24,169
1995 $11,901 $38,839 $31,747 $23,631
1994 $11,629 $37,579 $27,202 $22,869
1993 $11,152 $37,870 $25,617 $21,900
1992 $10,460 $33,648 $26,560 $21,746
1991 $10,434 $31,657 $23,443 $21,001
1990 $9,343 $26,902 $22,386 $19,468
1989 $8,833 - $17,829 -
1988 $8,772 - $17,997 -
1987 $8,333 - $16,739 -
1986 $7,777 - $13,511 -
1985 $9,649 - $9,464 -
1984 $10,697 - $9,347 -
1983 $10,599 - $9,900 -
1982 $10,712 - $9,950 -
1981 $10,557 - $10,246 -
1980 $9,733 - $12,183 -
1979 $7,891 - $11,322 -
1978 $6,926 - $9,517 -
1977 $6,358 - $7,711 -
1976 $5,310 - $6,659 -
1975 $3,880 - $6,259 -
1974 $3,874 - $5,660 -
1973 $2,981 - $5,065 -
1972 $2,206 - $3,824 -
1971 $1,830 - $3,204 -
1970 $1,742 - $2,771 -
1969 - - $2,281 -
1968 - - $2,025 -
1967 - - $1,886 -
1966 - - $1,871 -
1965 - - $1,774 -
1964 - - $1,637 -
1963 - - $1,502 -
1962 - - $1,431 -
1961 - - $1,316 -
1960 - - $1,162 -

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

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $56,104 in Germany, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Germany ranks 20th at $73,552.

Economic indicators

Bahrain Germany
Gross domestic product
$47.1B
2024
$4.69T
2024
GDP rank
96/197
2024
3/197
2024
GDP growth
2.6%
2023-2024
-0.5%
2023-2024
GDP per capita
$29,654
2024
$56,104
2024
GDP per capita rank
42/197
2024
19/197
2024
GDP per capita, PPP
$66,941
2024
$73,552
2024
GDP per capita PPP rank
26/197
2024
20/197
2024
Government debt
$62.8B
2024
$2.97T
2024
Debt-to-GDP ratio
133.4%
2024
63.5%
2024
Government debt per person
$39,552
2024
$35,606
2024
Government debt per person rank
14/185
2024
21/185
2024
Average annual personal income after taxes
$23,253
2026
$41,775
2026
Market capitalization of domestic companies
$20.4B
2024
$2.04T
2024
Number of millionaires n/a
2,675,000
2025
Number of billionaires n/a
171
2025
Income share by richest 10% n/a
25%
2020
Income share by poorest 10% n/a
2.9%
2020
Government expenditure, % of GDP
29.1%
2024
49.4%
2024
Consumer prices inflation
0.92%
2023-2024
2.26%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
3.37%
2024
Population
1669503
82575542

Spending and national debt comparison by year

Bahrain
Spending

Debt
Germany
Spending

Debt
1x
Year % of GDP
Bahrain Germany
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 49.4% 63.5%
2023 29.1% 123% 48.1% 62.4%
2022 28.4% 111.6% 48.6% 64.4%
2021 30.6% 122.3% 50.7% 68%
2020 34.6% 125.7% 51.1% 68%
2019 31.2% 97.1% 45.5% 58.7%
2018 32.1% 90.4% 44.7% 60.8%
2017 30.7% 84% 44.5% 64%
2016 33.3% 77.4% 44.7% 68.3%
2015 34.8% 63.2% 44.5% 71.2%
2014 27.3% 42.6% 44.5% 74.5%
2013 32% 42.3% 45.2% 77.5%
2012 31.1% 34.8% 45.1% 79.8%
2011 30.2% 31.6% 45.3% 78.5%
2010 31.1% 28.8% 48.1% 81%
2009 24.6% 20.5% 48.3% 72.4%
2008 22.7% 12.1% 44.4% 65.2%
2007 22.4% 15.7% 43.5% 63.7%
2006 23.1% 19.4% 45.3% 66.4%
2005 23.9% 23.2% 46.9% 67.1%
2004 25% 28.2% 47% 65%
2003 28.1% 31.1% 48.5% 63.3%
2002 30.6% 27.2% 48.2% 59.8%
2001 26.5% 25% 47.7% 58.1%
2000 22.2% 24.7% 48.1% 59.2%
1999 27.1% 24.7% 48.5% 60.3%
1998 25.7% 20% 48.3% 59.4%
1997 31% 14.8% 48.8% 58.8%
1996 22.7% 13.1% 49.6% 57.7%
1995 25.1% 13.6% 55.2% 54.9%
1994 26.1% 5.62% 48.3% 47.5%
1993 26.7% 5.95% 48.3% 45.1%
1992 29.4% 6.45% 47.4% 41.4%
1991 28.5% 6.71% 46.5% 39%
1990 32.4% 7.24% 44.7% 40.7%
1989 - - 44.3% 39.2%
1988 - - 45.6% 40.5%
1987 - - 46% 40.1%
1986 - - 45.7% 39.1%
1985 - - 46.6% 39.2%
1984 - - 47.2% 38.7%
1983 - - 47.9% 38%
1982 - - 49.1% 36.4%
1981 - - 49% 33.6%
1980 - - 48.2% 30.1%
1979 - - 47.4% 28.2%
1978 - - 47.7% 27.4%
1977 - - 49% 26%
1976 - - 49.4% 25.1%
1975 - - 50.3% 23.7%
1974 - - 46% 18.5%
1973 - - 42.4% 17.3%
1972 - - 41.8% 18%
1971 - - 40.9% 17.7%
1970 - - 39.5% 17.7%
1969 - - 29.7% 20.3%
1968 - - 28.5% 22.5%
1967 - - 28.8% 22.5%
1966 - - 28.3% 19.8%
1965 - - 28.4% 18.7%
1964 - - 29% 18.2%
1963 - - 29.1% 18.1%
1962 - - 29.2% 17.6%
1961 - - 28.8% 18.7%
1960 - - 22.9% 18.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Germany spent $2.32T, or 49.4% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 63.5% in Germany, ranking 9/185 and 72/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Germany
1x
Year Deficit/surplus, % of GDP
Bahrain Germany
2024 -10.6% -2.66%
2023 -9.67% -2.49%
2022 -6.02% -1.91%
2021 -10.6% -3.17%
2020 -17.3% -4.38%
2019 -8.57% 1.33%
2018 -11.3% 1.88%
2017 -13.4% 1.34%
2016 -16.6% 1.13%
2015 -17.5% 0.91%
2014 -3.32% 0.73%
2013 -8.55% 0.12%
2012 -5.77% -0.05%
2011 -4.9% -0.84%
2010 -9.29% -4.42%
2009 -5.36% -3.18%
2008 4.08% -0.26%
2007 1.52% 0.15%
2006 2.24% -1.76%
2005 2.8% -3.37%
2004 0.24% -3.42%
2003 -1.7% -3.83%
2002 -3.27% -4.09%
2001 0.7% -3.12%
2000 7.33% -1.71%
1999 -4.85% -1.87%
1998 -5.49% -2.65%
1997 -6.39% -3.03%
1996 0.24% -3.64%
1995 -3.99% -9.44%
1994 -5.18% -2.54%
1993 -2.77% -3.11%
1992 -5.41% -2.63%
1991 -3.47% -3.21%
1990 -6.79% -1.94%
1989 - 0.08%
1988 - -2.02%
1987 - -1.85%
1986 - -1.18%
1985 - -1.18%
1984 - -2.04%
1983 - -2.95%
1982 - -3.56%
1981 - -4.03%
1980 - -3.02%
1979 - -2.71%
1978 - -2.62%
1977 - -2.56%
1976 - -3.5%
1975 - -5.78%
1974 - -1.69%
1973 - 1.14%
1972 - -0.37%
1971 - 0.16%
1970 - 0.53%
1969 - -0.43%
1968 - 1.39%
1967 - 2.73%
1966 - 1.76%
1965 - 2.26%
1964 - 1.49%
1963 - 1.43%
1962 - 0.49%
1961 - -0.12%
1960 - -0.34%
1959 - 0.77%
1958 - 1.77%
1957 - 1.99%
1956 - 0.59%
1955 - -1.41%
1954 - -0.37%
1953 - -0.13%
1952 - 0%
1951 - 1.15%
1950 - 1.81%
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 - -0.64%
1933 - -0.43%
1932 - -1.11%
1931 - -1.03%
1930 - -1.52%
1929 - -0.9%
1928 - -1.47%
1927 - -0.44%
1926 - -1.3%
1925 - 0.34%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.007%
1912 - -0.26%
1911 - 0.06%
1910 - -0.21%
1909 - 0.11%
1908 - -0.11%
1907 - -0.14%
1906 - 0.76%
1905 - 1.21%
1904 - 0.41%
1903 - 0.88%
1902 - 0.08%
1901 - 0.91%
1900 - 0.27%
1899 - 0.6%
1898 - 0.47%
1897 - 0.39%
1896 - 0.63%
1895 - 0.47%
1894 - 0.44%
1893 - 0.42%
1892 - -0.24%
1891 - 1.18%
1890 - 0.12%
1889 - 1.16%
1888 - 0.62%
1887 - 0.88%
1886 - 0.23%
1885 - 0.21%
1884 - 0.23%
1883 - 0.55%
1882 - 0.41%
1881 - 0.12%
1880 - -0.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/germany | 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 Germany's deficit of $125B, or 2.66% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Germany ran a deficit in 27 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 2.03% of GDP for Germany.

Inflation comparison by year

Inflation
Bahrain

Germany
1x
Year Consumer prices inflation
Bahrain Germany
2024 0.92% 2.26%
2023 0.07% 5.95%
2022 3.63% 6.87%
2021 -0.61% 3.07%
2020 -2.32% 0.14%
2019 1.01% 1.45%
2018 2.09% 1.73%
2017 1.39% 1.51%
2016 2.79% 0.49%
2015 1.85% 0.51%
2014 2.65% 0.91%
2013 3.3% 1.5%
2012 2.76% 2.01%
2011 -0.4% 2.08%
2010 1.96% 1.1%
2009 2.8% 0.31%
2008 3.53% 2.63%
2007 3.26% 2.3%
2006 2.01% 1.58%
2005 2.59% 1.55%
2004 2.35% 1.67%
2003 1.59% 1.03%
2002 -0.5% 1.42%
2001 -1.21% 1.98%
2000 -0.7% 1.44%
1999 -1.29% 0.59%
1998 -0.37% 0.91%
1997 2.43% 1.94%

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

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

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 1.82% in Germany. In 2024, inflation was 0.92% in Bahrain and 2.26% in Germany.

Top exports between countries

Bahrain
Export category Export value
Metals $78.9M
Machinery & equipment $63.9M
Textiles & consumer goods $3.26M
Chemicals & pharma $3M
Precious metals & jewellery $284K
Raw materials & minerals $260K
Processed food, beverages & tobacco $80K
Animal & marine products $50K
Miscellaneous $28K
Wood & paper products $5K
Germany
Export category Export value
Machinery & equipment $434M
Chemicals & pharma $66.7M
Textiles & consumer goods $25.9M
Processed food, beverages & tobacco $19.4M
Metals $12.6M
Raw materials & minerals $11.7M
Wood & paper products $8.7M
Animal & marine products $4.64M
Miscellaneous $4.57M
Raw agricultural goods $2.14M

Balance of trade

Bahrain Germany
Current account balance
$2.28B
2024
$270B
2024
Current account balance ranking
44/190
2024
2/190
2024
Current account balance, % of GDP
+4.84%
2024
+5.77%
2024
Goods imports
$20.7B
2024
$1.21T
2024
Goods exports
$24.3B
2024
$1.47T
2024
Service imports
$12.4B
2024
$548B
2024
Service exports
$17B
2024
$470B
2024
Imports of goods and services, % of GDP
70.1%
2024
37.7%
2024
Exports of goods and services, % of GDP
87.7%
2024
41.4%
2024

Economic freedom indices

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

Bahrain Germany
Economic freedom 65.7 71.7
Economic freedom ranking 63/197 30/197
Property rights 60.9 95.5
Government integrity 45.9 84.5
Judicial effectiveness 30 94.6
Tax burden 99.9 60.5
Government spending 75 28.8
Fiscal health 0 83.1
Business freedom 75.9 79.8
Labor freedom 55.5 52.2
Monetary freedom 88.8 72.5
Trade freedom 86.8 79.4
Investment freedom 90 60
Financial freedom 80 70

Economic freedom comparison by year

Bahrain
Germany
1x
Year Economic freedom index
Bahrain Germany
2026 65.7 71.7
2025 65.6 71.6
2024 63.4 72.1
2023 62.5 73.7
2022 62 76.1
2021 69.9 72.5
2020 66.3 73.5
2019 66.4 73.5
2018 67.7 74.2
2017 68.5 73.8
2016 74.3 74.4
2015 73.4 73.8
2014 75.1 73.4
2013 75.5 72.8
2012 75.2 71
2011 77.7 71.8
2010 76.3 71.1
2009 74.8 70.5
2008 72.2 70.6
2007 71.2 70.8
2006 71.6 70.8
2005 71.2 68.1
2004 75.1 69.5
2003 76.3 69.7
2002 75.6 70.4
2001 75.9 69.5
2000 75.7 65.7
1999 75.2 65.6
1998 75.6 64.3
1997 76.1 67.5
1996 76.4 69.1
1995 76.2 69.8

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 71.7 for Germany, ranking 30/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Germany
Services, % of GDP
53.2%
2024
64%
2024
Industry, % of GDP
42.3%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
0.91%
2024
GNI, Atlas method
$44.6B
2024
$4.6T
2024
GNI per capita, PPP
$62,230
2024
$76,180
2024
Total reserves including gold
$4.95B
2024
$378B
2024
Total reserves ranking
102/177
2024
10/177
2024
Net foreign direct investment
-$2.43B
2024
$32.6B
2024
Net inflows of foreign direct investment
$2.7B
2024
$47.6B
2024
Net outflows of foreign direct investment
$275M
2024
$80.2B
2024
Poverty at national poverty lines n/a
14.8%
2021
Gross capital formation, % of GDP
28.4%
2024
21.5%
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/germany | 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)
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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.

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.