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Economy of Bahrain vs Liberia compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $4.78B for Liberia, ranking 96/197 and 163/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $2.73B (57.2% of GDP) in Liberia.

Bahrain vs Liberia GDP by year

Bahrain
Liberia
1x
Year GDP, current $
Bahrain Liberia
2024 $47,109,734,309 $4,779,300,900
2023 $46,192,260,638 $4,390,000,000
2022 $46,458,191,489 $4,001,047,000
2021 $40,840,212,766 $3,513,049,500
2020 $35,837,632,979 $3,176,126,300
2019 $40,446,808,511 $3,319,596,500
2018 $39,567,978,723 $3,422,754,800
2017 $37,204,813,830 $3,390,703,400
2016 $33,884,680,851 $3,398,419,600
2015 $32,523,297,872 $3,227,075,700
2014 $34,772,526,596 $3,225,652,000
2013 $33,823,324,468 $3,177,198,100
2012 $31,963,404,255 $2,791,614,000
2011 $29,914,680,851 $2,398,000,000
2010 $26,805,984,043 $1,998,000,000
2009 $22,938,218,085 $1,768,000,000
2008 $25,710,904,255 $1,726,000,000
2007 $21,730,000,000 $1,373,000,000
2006 $18,504,760,638 $1,119,000,000
2005 $15,968,723,404 $949,000,000
2004 $13,150,159,574 $897,000,000
2003 $11,074,813,830 $748,000,000
2002 $9,593,510,638 $927,000,000
2001 $8,976,196,809 $906,000,000
2000 $9,062,898,936 $874,000,000
1999 $7,528,469,149 $441,800,000
1998 $7,031,309,043 $359,600,000
1997 $7,219,407,713 $295,900,000
1996 $6,938,166,755 $159,400,000
1995 $6,651,180,851 $134,800,000
1994 $6,330,627,926 $132,200,000
1993 $5,913,001,064 $160,400,000
1992 $5,402,232,447 $223,500,000
1991 $5,248,911,170 $348,000,000
1990 $4,809,511,005 $384,400,000
1989 $4,393,093,963 $786,300,000
1988 $4,209,834,173 $1,038,300,000
1987 $3,856,922,694 $972,800,000
1986 $3,470,746,843 $840,964,400
1985 $4,152,376,484 $851,296,100
1984 $4,440,874,566 $848,478,300
1983 $4,247,030,468 $823,374,900
1982 $4,145,421,080 $863,933,200
1981 $3,943,109,532 $846,514,500
1980 $3,493,834,468 $854,711,500
1979 $2,710,160,739 $814,067,900
1978 $2,272,042,965 $717,240,400
1977 $1,989,060,283 $673,010,600
1976 $1,581,709,519 $596,675,700
1975 $1,099,107,601 $577,549,300
1974 $1,042,176,884 $486,955,000
1973 $761,132,545 $386,968,300
1972 $534,081,184 $368,098,000
1971 $422,181,562 $341,543,100
1970 $391,577,364 $323,099,700
1969 - $306,961,800
1968 - $276,820,700
1967 - $261,024,300
1966 - $244,459,500
1965 - $229,260,800
1964 - $218,929,100
1963 - $200,229,600
1962 - $191,861,800
1961 - $183,920,900
1960 - $190,495,600

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

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

GDP per capita in Bahrain vs Liberia by year

Bahrain
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $851 $1,871
2023 $29,290 $64,171 $799 $1,795
2022 $30,471 $61,678 $745 $1,692
2021 $27,148 $54,955 $668 $1,539
2020 $24,343 $53,436 $617 $1,660
2019 $27,260 $56,600 $658 $1,900
2018 $26,324 $51,993 $692 $1,800
2017 $24,785 $50,185 $699 $1,665
2016 $23,800 $47,429 $715 $1,490
2015 $23,734 $48,034 $693 $1,340
2014 $26,452 $54,299 $707 $1,419
2013 $26,990 $56,310 $711 $1,360
2012 $26,439 $56,713 $638 $1,157
2011 $25,033 $52,677 $568 $1,041
2010 $21,819 $49,255 $492 $980
2009 $19,465 $48,626 $448 $939
2008 $23,299 $50,330 $452 $915
2007 $20,908 $49,347 $374 $873
2006 $19,267 $48,009 $321 $815
2005 $17,966 $47,268 $287.5 $774
2004 $15,964 $46,317 $284.1 $745
2003 $14,486 $45,427 $239.8 $716
2002 $13,501 $45,091 $299.5 $1,013
2001 $13,573 $46,162 $300 $987
2000 $14,214 $45,688 $298.5 $965
1999 $12,123 $43,561 $156.6 $762
1998 $11,625 $42,281 $134.7 $652
1997 $12,255 $40,965 $122.6 $548
1996 $12,092 $40,106 $71.4 $282.2
1995 $11,901 $38,839 $62.1 $254.4
1994 $11,629 $37,579 $61.5 $262.6
1993 $11,152 $37,870 $74.4 $328
1992 $10,460 $33,648 $107.8 $497
1991 $10,434 $31,657 $177.9 $793
1990 $9,343 $26,902 $172.9 $787
1989 $8,833 - $312 -
1988 $8,772 - $424 -
1987 $8,333 - $409 -
1986 $7,777 - $364 -
1985 $9,649 - $380 -
1984 $10,697 - $390 -
1983 $10,599 - $391 -
1982 $10,712 - $422 -
1981 $10,557 - $426 -
1980 $9,733 - $443 -
1979 $7,891 - $435 -
1978 $6,926 - $394 -
1977 $6,358 - $381 -
1976 $5,310 - $347 -
1975 $3,880 - $346 -
1974 $3,874 - $299.4 -
1973 $2,981 - $244.4 -
1972 $2,206 - $238.6 -
1971 $1,830 - $227.1 -
1970 $1,742 - $220.3 -
1969 - - $214.7 -
1968 - - $198.6 -
1967 - - $192.2 -
1966 - - $184.6 -
1965 - - $177.6 -
1964 - - $173.9 -
1963 - - $163.1 -
1962 - - $160.3 -
1961 - - $157.5 -
1960 - - $167.2 -

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

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $851 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Liberia ranks 188th at $1,871.

Economic indicators

Bahrain Liberia
Gross domestic product
$47.1B
2024
$4.78B
2024
GDP rank
96/197
2024
163/197
2024
GDP growth
2.6%
2023-2024
4.02%
2023-2024
GDP per capita
$29,654
2024
$851
2024
GDP per capita rank
42/197
2024
184/197
2024
GDP per capita, PPP
$66,941
2024
$1,871
2024
GDP per capita PPP rank
26/197
2024
188/197
2024
Government debt
$62.8B
2024
$2.73B
2024
Debt-to-GDP ratio
133.4%
2024
57.2%
2024
Government debt per person
$39,552
2024
$487
2024
Government debt per person rank
14/185
2024
167/185
2024
Average annual personal income after taxes
$23,253
2026
$1,191
2026
Market capitalization of domestic companies
$20.4B
2024
n/a
Income share by richest 10% n/a
27.1%
2016
Income share by poorest 10% n/a
2.9%
2016
Government expenditure, % of GDP
29.1%
2024
24.3%
2024
Consumer prices inflation
0.92%
2023-2024
8.2%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
5.93%
2017
Population
1669503
5887000

Spending and national debt comparison by year

Bahrain
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Bahrain Liberia
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 24.3% 57.2%
2023 29.1% 123% 27.1% 57.8%
2022 28.4% 111.6% 26.9% 54.3%
2021 30.6% 122.3% 29.8% 53.3%
2020 34.6% 125.7% 35.3% 58.7%
2019 31.2% 97.1% 32.3% 48.6%
2018 32.1% 90.4% 32.7% 37.1%
2017 30.7% 84% 35.1% 31.8%
2016 33.3% 77.4% 35.8% 28.6%
2015 34.8% 63.2% 37.1% 24.8%
2014 27.3% 42.6% 33.4% 24.3%
2013 32% 42.3% 27.4% 20.6%
2012 31.1% 34.8% 30.8% 20.5%
2011 30.2% 31.6% 30.1% 22.7%
2010 31.1% 28.8% 25.2% 25.6%
2009 24.6% 20.5% 23.7% 130.9%
2008 22.7% 12.1% 21.6% 233.1%
2007 22.4% 15.7% 17.2% 394%
2006 23.1% 19.4% 11.1% 472%
2005 23.9% 23.2% 12.8% 535%
2004 25% 28.2% 12.1% 543%
2003 28.1% 31.1% 9.85% 658%
2002 30.6% 27.2% 13.2% 481%
2001 26.5% 25% 12.6% 484%
2000 22.2% 24.7% 15.2% 489%
1999 27.1% 24.7% - -
1998 25.7% 20% - -
1997 31% 14.8% - -
1996 22.7% 13.1% - -
1995 25.1% 13.6% - -
1994 26.1% 5.62% - -
1993 26.7% 5.95% - -
1992 29.4% 6.45% - -
1991 28.5% 6.71% - -
1990 32.4% 7.24% - -

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

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Liberia spent $1.16B, or 24.3% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 57.2% in Liberia, ranking 9/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Liberia
1x
Year Deficit/surplus, % of GDP
Bahrain Liberia
2024 -10.6% -1.98%
2023 -9.67% -7.03%
2022 -6.02% -5.33%
2021 -10.6% -2.5%
2020 -17.3% -4.02%
2019 -8.57% -4.92%
2018 -11.3% -4.7%
2017 -13.4% -7.14%
2016 -16.6% -3.83%
2015 -17.5% -3.74%
2014 -3.32% -4.92%
2013 -8.55% 1.29%
2012 -5.77% -2.86%
2011 -4.9% -4.43%
2010 -9.29% 1.17%
2009 -5.36% -1.39%
2008 4.08% -2.68%
2007 1.52% 2.44%
2006 2.24% 4.42%
2005 2.8% -0.55%
2004 0.24% -0.56%
2003 -1.7% 0.39%
2002 -3.27% -1.63%
2001 0.7% -0.98%
2000 7.33% -0.08%
1999 -4.85% -
1998 -5.49% -
1997 -6.39% -
1996 0.24% -
1995 -3.99% -
1994 -5.18% -
1993 -2.77% -
1992 -5.41% -
1991 -3.47% -
1990 -6.79% -

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

GeoRank.org/economy/bahrain/liberia | 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 Liberia's deficit of $94.6M, or 1.98% of GDP.

Over the past 25 years, Bahrain recorded a fiscal deficit in 18 of those years, while Liberia ran a deficit in 20 years. On average, Bahrain posted an annual deficit equal to 5.79% of GDP, compared to deficit of 2.22% of GDP for Liberia.

Inflation comparison by year

Inflation
Bahrain

Liberia
1x
Year Consumer prices inflation
Bahrain Liberia
2024 0.92% 8.2%
2023 0.07% 10.1%
2022 3.63% 7.6%
2021 -0.61% 7.8%
2020 -2.32% 17%
2019 1.01% 27%
2018 2.09% 23.5%
2017 1.39% 12.4%
2016 2.79% 8.8%
2015 1.85% 7.7%
2014 2.65% 9.9%
2013 3.3% 7.6%
2012 2.76% 6.8%
2011 -0.4% 8.5%
2010 1.96% 7.3%
2009 2.8% 7.4%
2008 3.53% 17.5%
2007 3.26% 11.4%
2006 2.01% 9.5%
2005 2.59% 6.9%
2004 2.35% 3.6%
2003 1.59% 10.3%
2002 -0.5% 14.2%
2001 -1.21% 12.1%
2000 -0.7% 5.3%
1999 -1.29% 2%
1998 -0.37% -
1997 2.43% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1999–2024, retrieved 2026-02-20).

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

Over the past 26 years, Bahrain has recorded an average annual inflation rate of 1.37%, compared with 10.4% in Liberia. In 2024, inflation was 0.92% in Bahrain and 8.2% in Liberia.

Top exports between countries

Bahrain
Export category Export value
Chemicals & pharma $283K
Textiles & consumer goods $176K
Machinery & equipment $98K
Metals $46K
Processed food, beverages & tobacco $29K
Raw agricultural goods $16K
Raw materials & minerals $15K
Animal & marine products $12K
Wood & paper products $6K
Miscellaneous $5K
Liberia
Export category Export value

Balance of trade

Bahrain Liberia
Current account balance
$2.28B
2024
$64.8M
2022
Current account balance ranking
44/190
2024
73/190
2022
Current account balance, % of GDP
+4.84%
2024
+1.62%
2022
Goods imports
$20.7B
2024
$1.53B
2022
Goods exports
$24.3B
2024
$1.03B
2022
Service imports
$12.4B
2024
$434M
2022
Service exports
$17B
2024
$192M
2022
Imports of goods and services, % of GDP
70.1%
2024
n/a
Exports of goods and services, % of GDP
87.7%
2024
28.5%
2025

Economic freedom indices

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

Bahrain Liberia
Economic freedom 65.7 49.8
Economic freedom ranking 63/197 163/197
Property rights 60.9 40.4
Government integrity 45.9 25.8
Judicial effectiveness 30 23.4
Tax burden 99.9 86.1
Government spending 75 79.5
Fiscal health 0 56.9
Business freedom 75.9 38
Labor freedom 55.5 43.4
Monetary freedom 88.8 71.4
Trade freedom 86.8 57.4
Investment freedom 90 55
Financial freedom 80 20

Economic freedom comparison by year

Bahrain
Liberia
1x
Year Economic freedom index
Bahrain Liberia
2026 65.7 49.8
2025 65.6 48.5
2024 63.4 49.9
2023 62.5 49.6
2022 62 47.9
2021 69.9 49.2
2020 66.3 49
2019 66.4 49.7
2018 67.7 50.9
2017 68.5 49.1
2016 74.3 52.2
2015 73.4 52.7
2014 75.1 52.4
2013 75.5 49.3
2012 75.2 48.6
2011 77.7 46.5
2010 76.3 46.2
2009 74.8 48.1
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/liberia | CC BY

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Liberia
Services, % of GDP
53.2%
2024
41.9%
2024
Industry, % of GDP
42.3%
2024
22.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
33.8%
2024
GNI, Atlas method
$44.6B
2024
$4.28B
2024
GNI per capita, PPP
$62,230
2024
$1,750
2024
Total reserves including gold
$4.95B
2024
$600M
2022
Total reserves ranking
102/177
2024
153/177
2022
Net foreign direct investment
-$2.43B
2024
-$960M
2022
Net inflows of foreign direct investment
$2.7B
2024
$472M
2024
Net outflows of foreign direct investment
$275M
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI n/a
3.09%
2024
Poverty at national poverty lines n/a
50.9%
2016
Gross capital formation, % of GDP
28.4%
2024
n/a

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/liberia | 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)
  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. TradeMap (2021–2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.