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Economy of Bahrain vs Indonesia compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $1.4T for Indonesia, ranking 96/197 and 16/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Bahrain vs Indonesia GDP by year

Bahrain
Indonesia
1x
Year GDP, current $
Bahrain Indonesia
2024 $47,109,734,309 $1,396,300,098,191
2023 $46,192,260,638 $1,371,169,301,564
2022 $46,458,191,489 $1,319,101,183,380
2021 $40,840,212,766 $1,186,509,691,087
2020 $35,837,632,979 $1,059,054,842,698
2019 $40,446,808,511 $1,119,099,871,350
2018 $39,567,978,723 $1,042,271,532,989
2017 $37,204,813,830 $1,015,618,744,160
2016 $33,884,680,851 $931,877,364,038
2015 $32,523,297,872 $860,854,232,686
2014 $34,772,526,596 $890,814,755,534
2013 $33,823,324,468 $912,524,136,718
2012 $31,963,404,255 $917,869,913,333
2011 $29,914,680,851 $892,969,104,563
2010 $26,805,984,043 $755,094,157,622
2009 $22,938,218,085 $539,580,085,612
2008 $25,710,904,255 $510,228,634,992
2007 $21,730,000,000 $432,216,737,775
2006 $18,504,760,638 $364,570,515,618
2005 $15,968,723,404 $285,868,619,196
2004 $13,150,159,574 $256,836,875,295
2003 $11,074,813,830 $234,772,463,824
2002 $9,593,510,638 $195,660,611,165
2001 $8,976,196,809 $160,446,947,785
2000 $9,062,898,936 $165,021,012,078
1999 $7,528,469,149 $140,001,351,215
1998 $7,031,309,043 $95,445,547,873
1997 $7,219,407,713 $215,748,998,610
1996 $6,938,166,755 $227,369,679,375
1995 $6,651,180,851 $202,132,028,723
1994 $6,330,627,926 $176,892,143,932
1993 $5,913,001,064 $158,006,700,302
1992 $5,402,232,447 $128,026,966,580
1991 $5,248,911,170 $116,621,996,217
1990 $4,809,511,005 $106,140,727,334
1989 $4,393,093,963 $94,451,427,877
1988 $4,209,834,173 $84,300,174,486
1987 $3,856,922,694 $75,929,617,558
1986 $3,470,746,843 $79,954,072,545
1985 $4,152,376,484 $85,289,488,375
1984 $4,440,874,566 $84,853,700,028
1983 $4,247,030,468 $81,052,283,384
1982 $4,145,421,080 $90,158,449,295
1981 $3,943,109,532 $85,518,233,419
1980 $3,493,834,468 $72,482,337,397
1979 $2,710,160,739 $51,400,186,343
1978 $2,272,042,965 $51,455,719,076
1977 $1,989,060,283 $45,808,915,663
1976 $1,581,709,519 $37,269,156,627
1975 $1,099,107,601 $30,463,855,422
1974 $1,042,176,884 $25,802,409,639
1973 $761,132,545 $16,273,253,012
1972 $534,081,184 $10,997,590,361
1971 $422,181,562 $9,333,536,370
1970 $391,577,364 $9,150,684,932
1969 - $8,337,423,313
1968 - $7,076,465,300
1967 - $5,667,756,628

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Bahrain vs Indonesia by year

Bahrain
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $4,925 $16,448
2023 $29,290 $64,171 $4,876 $15,416
2022 $30,471 $61,678 $4,731 $14,285
2021 $27,148 $54,955 $4,287 $12,757
2020 $24,343 $53,436 $3,854 $11,729
2019 $27,260 $56,600 $4,107 $11,986
2018 $26,324 $51,993 $3,861 $11,372
2017 $24,785 $50,185 $3,799 $10,688
2016 $23,800 $47,429 $3,521 $10,263
2015 $23,734 $48,034 $3,288 $10,028
2014 $26,452 $54,299 $3,441 $10,065
2013 $26,990 $56,310 $3,567 $9,866
2012 $26,439 $56,713 $3,632 $9,530
2011 $25,033 $52,677 $3,579 $8,937
2010 $21,819 $49,255 $3,066 $8,353
2009 $19,465 $48,626 $2,218 $7,868
2008 $23,299 $50,330 $2,125 $7,569
2007 $20,908 $49,347 $1,823 $7,096
2006 $19,267 $48,009 $1,558 $6,583
2005 $17,966 $47,268 $1,238 $6,134
2004 $15,964 $46,317 $1,127 $5,700
2003 $14,486 $45,427 $1,043 $5,353
2002 $13,501 $45,091 $881 $5,076
2001 $13,573 $46,162 $732 $4,849
2000 $14,214 $45,688 $764 $4,639
1999 $12,123 $43,561 $657 $4,386
1998 $11,625 $42,281 $455 $4,356
1997 $12,255 $40,965 $1,045 $5,037
1996 $12,092 $40,106 $1,119 $4,807
1995 $11,901 $38,839 $1,011 $4,451
1994 $11,629 $37,579 $900 $4,096
1993 $11,152 $37,870 $817 $3,793
1992 $10,460 $33,648 $674 $3,538
1991 $10,434 $31,657 $624 $3,305
1990 $9,343 $26,902 $578 $3,044
1989 $8,833 - $524 -
1988 $8,772 - $477 -
1987 $8,333 - $438 -
1986 $7,777 - $470 -
1985 $9,649 - $511 -
1984 $10,697 - $520 -
1983 $10,599 - $508 -
1982 $10,712 - $578 -
1981 $10,557 - $561 -
1980 $9,733 - $487 -
1979 $7,891 - $353 -
1978 $6,926 - $362 -
1977 $6,358 - $331 -
1976 $5,310 - $275.7 -
1975 $3,880 - $231.1 -
1974 $3,874 - $200.7 -
1973 $2,981 - $129.9 -
1972 $2,206 - $90.1 -
1971 $1,830 - $78.5 -
1970 $1,742 - $79.1 -
1969 - - $74.1 -
1968 - - $64.7 -
1967 - - $53.2 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Indonesia ranks 107th at $16,448.

Economic indicators

Bahrain Indonesia
Gross domestic product
$47.1B
2024
$1.4T
2024
GDP rank
96/197
2024
16/197
2024
GDP growth
2.6%
2023-2024
5.03%
2023-2024
GDP per capita
$29,654
2024
$4,925
2024
GDP per capita rank
42/197
2024
121/197
2024
GDP per capita, PPP
$66,941
2024
$16,448
2024
GDP per capita PPP rank
26/197
2024
107/197
2024
Government debt
$62.8B
2024
$561B
2024
Debt-to-GDP ratio
133.4%
2024
40.2%
2024
Government debt per person
$39,552
2024
$1,978
2024
Government debt per person rank
14/185
2024
120/185
2024
Average annual personal income after taxes
$23,253
2026
$3,371
2026
Market capitalization of domestic companies
$20.4B
2024
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires n/a
33
2025
Income share by richest 10% n/a
28.8%
2024
Income share by poorest 10% n/a
3.5%
2024
Government expenditure, % of GDP
29.1%
2024
16.8%
2024
Consumer prices inflation
0.92%
2023-2024
2.18%
2023-2024
Central bank interest rate
4.25%
2025
4.75%
2025
Unemployment rate
1.2%
2012
3.31%
2023
Population
1669503
288551776

Spending and national debt comparison by year

Bahrain
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Bahrain Indonesia
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 16.8% 40.2%
2023 29.1% 123% 16.6% 39.6%
2022 28.4% 111.6% 17.3% 40.1%
2021 30.6% 122.3% 18.1% 41.1%
2020 34.6% 125.7% 18.4% 39.7%
2019 31.2% 97.1% 16.4% 30.6%
2018 32.1% 90.4% 16.6% 30.4%
2017 30.7% 84% 16.4% 29.4%
2016 33.3% 77.4% 16.9% 28%
2015 34.8% 63.2% 17.6% 27%
2014 27.3% 42.6% 18.4% 24.6%
2013 32% 42.3% 18.8% 24.9%
2012 31.1% 34.8% 18.8% 23%
2011 30.2% 31.6% 17.7% 23.1%
2010 31.1% 28.8% 16.9% 26.4%
2009 24.6% 20.5% 17% 26.5%
2008 22.7% 12.1% 19.4% 30.3%
2007 22.4% 15.7% 18.7% 38.1%
2006 23.1% 19.4% 18.4% 35.8%
2005 23.9% 23.2% 17.4% 42.6%
2004 25% 28.2% 17.8% 51.3%
2003 28.1% 31.1% 18.2% 55.6%
2002 30.6% 27.2% 16.9% 62.3%
2001 26.5% 25% 19.5% 73.7%
2000 22.2% 24.7% 15.3% 87.4%
1999 27.1% 24.7% 15.1% 95.9%
1998 25.7% 20% 15.1% 72.5%
1997 31% 14.8% 15.2% 26.4%
1996 22.7% 13.1% 11.5% 27.5%
1995 25.1% 13.6% 11.9% 32%
1994 26.1% 5.62% 13.5% 37%
1993 26.7% 5.95% 14.1% 40.4%
1992 29.4% 6.45% 16.8% 42.6%
1991 28.5% 6.71% 15% 39.2%
1990 32.4% 7.24% 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 40.2% in Indonesia, ranking 9/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Indonesia
1x
Year Deficit/surplus, % of GDP
Bahrain Indonesia
2024 -10.6% -2.3%
2023 -9.67% -1.64%
2022 -6.02% -2.31%
2021 -10.6% -4.4%
2020 -17.3% -6.07%
2019 -8.57% -2.09%
2018 -11.3% -1.69%
2017 -13.4% -2.26%
2016 -16.6% -2.56%
2015 -17.5% -2.72%
2014 -3.32% -1.8%
2013 -8.55% -1.96%
2012 -5.77% -1.59%
2011 -4.9% -0.7%
2010 -9.29% -1.24%
2009 -5.36% -1.64%
2008 4.08% 0.05%
2007 1.52% -0.95%
2006 2.24% 0.45%
2005 2.8% 0.46%
2004 0.24% -0.26%
2003 -1.7% -1.08%
2002 -3.27% -0.58%
2001 0.7% -1.76%
2000 7.33% -1.87%
1999 -4.85% -0.96%
1998 -5.49% -1.89%
1997 -6.39% -1.03%
1996 0.24% 0.96%
1995 -3.99% 0.64%
1994 -5.18% 0.005%
1993 -2.77% -0.59%
1992 -5.41% -2.95%
1991 -3.47% -0.87%
1990 -6.79% -0.55%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/indonesia | 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 Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Indonesia ran a deficit in 29 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 1.42% of GDP for Indonesia.

Inflation comparison by year

Inflation
Bahrain

Indonesia
1x
Year Consumer prices inflation
Bahrain Indonesia
2024 0.92% 2.18%
2023 0.07% 3.67%
2022 3.63% 4.21%
2021 -0.61% 1.56%
2020 -2.32% 1.92%
2019 1.01% 3.03%
2018 2.09% 3.2%
2017 1.39% 3.81%
2016 2.79% 3.53%
2015 1.85% 6.36%
2014 2.65% 6.39%
2013 3.3% 6.41%
2012 2.76% 4.28%
2011 -0.4% 5.36%
2010 1.96% 5.13%
2009 2.8% 4.39%
2008 3.53% 10.2%
2007 3.26% 6.41%
2006 2.01% 13.1%
2005 2.59% 10.5%
2004 2.35% 6.06%
2003 1.59% 6.76%
2002 -0.5% 11.9%
2001 -1.21% 11.5%
2000 -0.7% 3.69%
1999 -1.29% 20.5%
1998 -0.37% 58.5%
1997 2.43% 6.23%

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

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

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 8.24% in Indonesia. In 2024, inflation was 0.92% in Bahrain and 2.18% in Indonesia.

Top exports between countries

Bahrain
Export category Export value
Metals $28.4M
Chemicals & pharma $5.83M
Raw materials & minerals $646K
Machinery & equipment $626K
Animal & marine products $365K
Processed food, beverages & tobacco $306K
Raw agricultural goods $153K
Wood & paper products $58K
Miscellaneous $53K
Textiles & consumer goods $34K
Indonesia
Export category Export value
Raw materials & minerals $59.2M
Machinery & equipment $30.2M
Processed food, beverages & tobacco $9.56M
Wood & paper products $8.21M
Metals $3.68M
Textiles & consumer goods $1.92M
Chemicals & pharma $836K
Raw agricultural goods $763K
Miscellaneous $200K
Animal & marine products $72K

Balance of trade

Bahrain Indonesia
Current account balance
$2.28B
2024
-$8.72B
2024
Current account balance ranking
44/190
2024
174/190
2024
Current account balance, % of GDP
+4.84%
2024
-0.62%
2024
Goods imports
$20.7B
2024
$223B
2024
Goods exports
$24.3B
2024
$263B
2024
Service imports
$12.4B
2024
$57.6B
2024
Service exports
$17B
2024
$39B
2024
Imports of goods and services, % of GDP
70.1%
2024
20.4%
2024
Exports of goods and services, % of GDP
87.7%
2024
22.2%
2024

Economic freedom indices

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

Bahrain Indonesia
Economic freedom 65.7 65.1
Economic freedom ranking 63/197 67/197
Property rights 60.9 39.7
Government integrity 45.9 42
Judicial effectiveness 30 43.1
Tax burden 99.9 81.5
Government spending 75 91.4
Fiscal health 0 89.8
Business freedom 75.9 69.2
Labor freedom 55.5 56.8
Monetary freedom 88.8 79.4
Trade freedom 86.8 78.6
Investment freedom 90 50
Financial freedom 80 60

Economic freedom comparison by year

Bahrain
Indonesia
1x
Year Economic freedom index
Bahrain Indonesia
2026 65.7 65.1
2025 65.6 65.2
2024 63.4 63.5
2023 62.5 63.5
2022 62 64.4
2021 69.9 66.9
2020 66.3 67.2
2019 66.4 65.8
2018 67.7 64.2
2017 68.5 61.9
2016 74.3 59.4
2015 73.4 58.1
2014 75.1 58.5
2013 75.5 56.9
2012 75.2 56.4
2011 77.7 56
2010 76.3 55.5
2009 74.8 53.4
2008 72.2 53.2
2007 71.2 53.2
2006 71.6 51.9
2005 71.2 52.9
2004 75.1 52.1
2003 76.3 55.8
2002 75.6 54.8
2001 75.9 52.5
2000 75.7 55.2
1999 75.2 61.5
1998 75.6 63.4
1997 76.1 62
1996 76.4 61
1995 76.2 54.9

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Indonesia
Services, % of GDP
53.2%
2024
43.8%
2024
Industry, % of GDP
42.3%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
12.6%
2024
GNI, Atlas method
$44.6B
2024
$1.39T
2024
GNI per capita, PPP
$62,230
2024
$16,010
2024
Total reserves including gold
$4.95B
2024
$156B
2024
Total reserves ranking
102/177
2024
20/177
2024
Net foreign direct investment
-$2.43B
2024
-$15.9B
2024
Net inflows of foreign direct investment
$2.7B
2024
$24.2B
2024
Net outflows of foreign direct investment
$275M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI n/a
5.65%
2024
Poverty at national poverty lines n/a
9%
2024
Gross capital formation, % of GDP
28.4%
2024
31.4%
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/indonesia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  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.