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Economy of Bahrain vs Kiribati compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $308M for Kiribati, ranking 96/197 and 192/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Bahrain vs Kiribati GDP by year

Bahrain
Kiribati
1x
Year GDP, current $
Bahrain Kiribati
2024 $47,109,734,309 $307,862,564
2023 $46,192,260,638 $288,610,748
2022 $46,458,191,489 $270,040,453
2021 $40,840,212,766 $285,259,881
2020 $35,837,632,979 $220,898,020
2019 $40,446,808,511 $216,985,388
2018 $39,567,978,723 $233,514,717
2017 $37,204,813,830 $222,875,736
2016 $33,884,680,851 $206,467,819
2015 $32,523,297,872 $191,559,399
2014 $34,772,526,596 $200,287,282
2013 $33,823,324,468 $201,730,861
2012 $31,963,404,255 $207,001,546
2011 $29,914,680,851 $195,970,140
2010 $26,805,984,043 $165,458,433
2009 $22,938,218,085 $140,177,384
2008 $25,710,904,255 $147,017,895
2007 $21,730,000,000 $138,054,946
2006 $18,504,760,638 $112,338,353
2005 $15,968,723,404 $113,895,437
2004 $13,150,159,574 $104,085,892
2003 $11,074,813,830 $96,105,619
2002 $9,593,510,638 $74,743,869
2001 $8,976,196,809 $64,935,850
2000 $9,062,898,936 $74,910,527
1999 $7,528,469,149 $77,323,978
1998 $7,031,309,043 $74,905,706
1997 $7,219,407,713 $80,205,807
1996 $6,938,166,755 $81,456,854
1995 $6,651,180,851 $68,596,395
1994 $6,330,627,926 $67,055,334
1993 $5,913,001,064 $58,953,596
1992 $5,402,232,447 $61,491,369
1991 $5,248,911,170 $41,247,792
1990 $4,809,511,005 $36,534,295
1989 $4,393,093,963 $37,645,319
1988 $4,209,834,173 $38,278,810
1987 $3,856,922,694 $29,554,413
1986 $3,470,746,843 $25,993,009
1985 $4,152,376,484 $26,126,615
1984 $4,440,874,566 $34,394,167
1983 $4,247,030,468 $31,000,546
1982 $4,145,421,080 $32,742,713
1981 $3,943,109,532 $35,267,489
1980 $3,493,834,468 $33,157,723
1979 $2,710,160,739 $34,466,197
1978 $2,272,042,965 $36,563,965
1977 $1,989,060,283 $31,335,459
1976 $1,581,709,519 $33,246,817
1975 $1,099,107,601 $44,547,454
1974 $1,042,176,884 $69,256,489
1973 $761,132,545 $25,645,040
1972 $534,081,184 $15,314,346
1971 $422,181,562 $12,356,134
1970 $391,577,364 $11,560,877

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Bahrain vs Kiribati by year

Bahrain
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $2,289 $3,702
2023 $29,290 $64,171 $2,178 $3,486
2022 $30,471 $61,678 $2,070 $3,329
2021 $27,148 $54,955 $2,222 $3,020
2020 $24,343 $53,436 $1,752 $2,711
2019 $27,260 $56,600 $1,751 $2,763
2018 $26,324 $51,993 $1,913 $2,672
2017 $24,785 $50,185 $1,853 $2,562
2016 $23,800 $47,429 $1,743 $2,463
2015 $23,734 $48,034 $1,640 $2,311
2014 $26,452 $54,299 $1,737 $2,084
2013 $26,990 $56,310 $1,772 $2,049
2012 $26,439 $56,713 $1,844 $1,896
2011 $25,033 $52,677 $1,771 $1,786
2010 $21,819 $49,255 $1,522 $1,724
2009 $19,465 $48,626 $1,317 $1,718
2008 $23,299 $50,330 $1,411 $1,735
2007 $20,908 $49,347 $1,353 $1,792
2006 $19,267 $48,009 $1,123 $1,728
2005 $17,966 $47,268 $1,162 $1,617
2004 $15,964 $46,317 $1,083 $1,579
2003 $14,486 $45,427 $1,021 $1,578
2002 $13,501 $45,091 $810 $1,605
2001 $13,573 $46,162 $719 $1,591
2000 $14,214 $45,688 $845 $1,638
1999 $12,123 $43,561 $887 $1,526
1998 $11,625 $42,281 $874 $1,593
1997 $12,255 $40,965 $953 $1,535
1996 $12,092 $40,106 $986 $1,519
1995 $11,901 $38,839 $844 $1,518
1994 $11,629 $37,579 $838 $1,469
1993 $11,152 $37,870 $748 $1,431
1992 $10,460 $33,648 $792 $1,421
1991 $10,434 $31,657 $540 $1,139
1990 $9,343 $26,902 $488 $1,192
1989 $8,833 - $515 -
1988 $8,772 - $536 -
1987 $8,333 - $424 -
1986 $7,777 - $382 -
1985 $9,649 - $393 -
1984 $10,697 - $527 -
1983 $10,599 - $483 -
1982 $10,712 - $519 -
1981 $10,557 - $568 -
1980 $9,733 - $542 -
1979 $7,891 - $573 -
1978 $6,926 - $611 -
1977 $6,358 - $520 -
1976 $5,310 - $548 -
1975 $3,880 - $730 -
1974 $3,874 - $1,131 -
1973 $2,981 - $422 -
1972 $2,206 - $256.2 -
1971 $1,830 - $210.7 -
1970 $1,742 - $201 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Kiribati ranks 169th at $3,702.

Economic indicators

Bahrain Kiribati
Gross domestic product
$47.1B
2024
$308M
2024
GDP rank
96/197
2024
192/197
2024
GDP growth
2.6%
2023-2024
5.27%
2023-2024
GDP per capita
$29,654
2024
$2,289
2024
GDP per capita rank
42/197
2024
152/197
2024
GDP per capita, PPP
$66,941
2024
$3,702
2024
GDP per capita PPP rank
26/197
2024
169/197
2024
Government debt
$62.8B
2024
$30.5M
2024
Debt-to-GDP ratio
133.4%
2024
9.92%
2024
Government debt per person
$39,552
2024
$226.9
2024
Government debt per person rank
14/185
2024
181/185
2024
Average annual personal income after taxes
$23,253
2026
$1,967
2026
Market capitalization of domestic companies
$20.4B
2024
n/a
Income share by richest 10% n/a
22.8%
2019
Income share by poorest 10% n/a
4%
2019
Government expenditure, % of GDP
29.1%
2024
98.1%
2024
Consumer prices inflation
0.92%
2023-2024
2.5%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
2.79%
2023
Population
1669503
139020

Spending and national debt comparison by year

Bahrain
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Bahrain Kiribati
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 98.1% 9.92%
2023 29.1% 123% 95.3% 11.4%
2022 28.4% 111.6% 87.5% 16.3%
2021 30.6% 122.3% 84% 17.3%
2020 34.6% 125.7% 102.2% 21%
2019 31.2% 97.1% 108.3% 19%
2018 32.1% 90.4% 108.8% 19%
2017 30.7% 84% 92.1% 20.2%
2016 33.3% 77.4% 99% 21.2%
2015 34.8% 63.2% 90.9% 18.8%
2014 27.3% 42.6% 101.2% 8.97%
2013 32% 42.3% 78% 8.86%
2012 31.1% 34.8% 83.9% 8.13%
2011 30.2% 31.6% 80.9% 8.8%
2010 31.1% 28.8% 75.7% 9.43%
2009 24.6% 20.5% 74.7% 10.3%
2008 22.7% 12.1% 79.4% 13.9%
2007 22.4% 15.7% 77.3% 11.1%
2006 23.1% 19.4% 82.1% 12.9%
2005 23.9% 23.2% 95.6% 12.1%
2004 25% 28.2% 103.8% 13.6%
2003 28.1% 31.1% 84.4% 12.3%
2002 30.6% 27.2% 96.9% 13.3%
2001 26.5% 25% 101.3% 17%
2000 22.2% 24.7% 66% 12.7%
1999 27.1% 24.7% 77.6% 11.8%
1998 25.7% 20% 74.7% 9.81%
1997 31% 14.8% 70.9% 10.7%
1996 22.7% 13.1% 68.4% 11%
1995 25.1% 13.6% 69.6% 12.3%
1994 26.1% 5.62% 54.6% 12.3%
1993 26.7% 5.95% 55.3% 10.9%
1992 29.4% 6.45% 65.9% 7.31%
1991 28.5% 6.71% 82.1% 8.43%
1990 32.4% 7.24% 105.5% 7.72%

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

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 9.92% in Kiribati, ranking 9/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Kiribati
1x
Year Deficit/surplus, % of GDP
Bahrain Kiribati
2024 -10.6% -22%
2023 -9.67% 0.13%
2022 -6.02% -18.3%
2021 -10.6% -10.8%
2020 -17.3% 3.57%
2019 -8.57% 10.8%
2018 -11.3% 5.18%
2017 -13.4% 34.1%
2016 -16.6% 20.1%
2015 -17.5% 42.5%
2014 -3.32% 35%
2013 -8.55% 11.8%
2012 -5.77% -5.43%
2011 -4.9% -17.6%
2010 -9.29% -7.8%
2009 -5.36% -8.56%
2008 4.08% -15.8%
2007 1.52% -12.5%
2006 2.24% -12.3%
2005 2.8% -9.96%
2004 0.24% -19.2%
2003 -1.7% -8.93%
2002 -3.27% 3.13%
2001 0.7% -10.9%
2000 7.33% -0.03%
1999 -4.85% -1.81%
1998 -5.49% 14.6%
1997 -6.39% 5.92%
1996 0.24% -20.2%
1995 -3.99% -5.14%
1994 -5.18% 0.74%
1993 -2.77% 6.27%
1992 -5.41% 0.79%
1991 -3.47% 3.87%
1990 -6.79% -4.62%

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

GeoRank.org/economy/bahrain/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Kiribati ran a deficit in 19 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Bahrain

Kiribati
1x
Year Consumer prices inflation
Bahrain Kiribati
2024 0.92% 2.5%
2023 0.07% 9.3%
2022 3.63% 5.3%
2021 -0.61% 2.1%
2020 -2.32% 2.6%
2019 1.01% -1.8%
2018 2.09% 0.6%
2017 1.39% 0.4%
2016 2.79% 1.9%
2015 1.85% 0.6%
2014 2.65% 2.1%
2013 3.3% -1.5%
2012 2.76% -3%
2011 -0.4% 1.5%
2010 1.96% -3.9%
2009 2.8% 9.8%
2008 3.53% 13.7%
2007 3.26% 3.6%
2006 2.01% -1%
2005 2.59% -0.4%
2004 2.35% -0.7%
2003 1.59% 1.6%
2002 -0.5% 3.2%
2001 -1.21% 6%
2000 -0.7% 0.4%
1999 -1.29% 1.8%
1998 -0.37% 3.7%
1997 2.43% 2.6%

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/kiribati | CC BY

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 2.25% in Kiribati. In 2024, inflation was 0.92% in Bahrain and 2.5% in Kiribati.

Balance of trade

Bahrain Kiribati
Current account balance
$2.28B
2024
-$59.5M
2024
Current account balance ranking
44/190
2024
85/190
2024
Current account balance, % of GDP
+4.84%
2024
-19.3%
2024
Goods imports
$20.7B
2024
$227M
2024
Goods exports
$24.3B
2024
$8.49M
2024
Service imports
$12.4B
2024
$108M
2024
Service exports
$17B
2024
$7M
2024
Imports of goods and services, % of GDP
70.1%
2024
94.9%
2024
Exports of goods and services, % of GDP
87.7%
2024
6.27%
2024

Economic freedom indices

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

Bahrain Kiribati
Economic freedom 65.7 50.8
Economic freedom ranking 63/197 158/197
Property rights 60.9 69.6
Government integrity 45.9 50.5
Judicial effectiveness 30 54.6
Tax burden 99.9 72.6
Government spending 75 0
Fiscal health 0 19.8
Business freedom 75.9 60.2
Labor freedom 55.5 65.3
Monetary freedom 88.8 76.7
Trade freedom 86.8 80
Investment freedom 90 30
Financial freedom 80 30

Economic freedom comparison by year

Bahrain
Kiribati
1x
Year Economic freedom index
Bahrain Kiribati
2026 65.7 50.8
2025 65.6 50.9
2024 63.4 51.3
2023 62.5 58.8
2022 62 59.2
2021 69.9 44.4
2020 66.3 45.2
2019 66.4 47.3
2018 67.7 50.8
2017 68.5 50.9
2016 74.3 46.2
2015 73.4 46.4
2014 75.1 46.3
2013 75.5 45.9
2012 75.2 46.9
2011 77.7 44.8
2010 76.3 43.7
2009 74.8 45.7
2008 72.2 -
2007 71.2 -
2006 71.6 -
2005 71.2 -
2004 75.1 -
2003 76.3 -
2002 75.6 -
2001 75.9 -
2000 75.7 -
1999 75.2 -
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/kiribati | CC BY

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Kiribati
Services, % of GDP
53.2%
2024
67.1%
2023
Industry, % of GDP
42.3%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
27.2%
2023
GNI, Atlas method
$44.6B
2024
$493M
2024
GNI per capita, PPP
$62,230
2024
$6,060
2024
Total reserves including gold
$4.95B
2024
n/a
Total reserves ranking
102/177
2024
n/a
Net foreign direct investment
-$2.43B
2024
-$8.06M
2024
Net inflows of foreign direct investment
$2.7B
2024
$8.07M
2024
Net outflows of foreign direct investment
$275M
2024
$16.4K
2024
Poverty at national poverty lines n/a
5.5%
2023
Gross capital formation, % of GDP
28.4%
2024
25.8%
2023

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/kiribati | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.

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.