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Economy of Bahrain vs Moldova compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $18.2B for Moldova, ranking 96/197 and 134/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Bahrain vs Moldova GDP by year

Bahrain
Moldova
1x
Year GDP, current $
Bahrain Moldova
2024 $47,109,734,309 $18,200,340,854
2023 $46,192,260,638 $16,711,906,746
2022 $46,458,191,489 $14,525,337,524
2021 $40,840,212,766 $13,691,869,264
2020 $35,837,632,979 $11,530,746,234
2019 $40,446,808,511 $11,736,797,055
2018 $39,567,978,723 $11,252,353,421
2017 $37,204,813,830 $9,514,404,016
2016 $33,884,680,851 $7,980,917,076
2015 $32,523,297,872 $7,797,667,197
2014 $34,772,526,596 $9,402,090,138
2013 $33,823,324,468 $9,496,717,876
2012 $31,963,404,255 $8,709,138,635
2011 $29,914,680,851 $8,414,352,020
2010 $26,805,984,043 $6,974,982,370
2009 $22,938,218,085 $5,439,434,272
2008 $25,710,904,255 $6,054,824,248
2007 $21,730,000,000 $4,401,173,152
2006 $18,504,760,638 $3,408,255,451
2005 $15,968,723,404 $2,988,342,907
2004 $13,150,159,574 $2,598,249,556
2003 $11,074,813,830 $1,980,907,435
2002 $9,593,510,638 $1,661,818,168
2001 $8,976,196,809 $1,480,673,594
2000 $9,062,898,936 $1,288,429,392
1999 $7,528,469,149 $1,170,782,957
1998 $7,031,309,043 $1,698,717,505
1997 $7,219,407,713 $1,930,081,169
1996 $6,938,166,755 $1,695,122,174
1995 $6,651,180,851 $1,752,999,370
1994 $6,330,627,926 $1,702,314,268
1993 $5,913,001,064 $2,371,813,324
1992 $5,402,232,447 $2,319,243,436
1991 $5,248,911,170 $3,094,565,871
1990 $4,809,511,005 $3,592,857,043
1989 $4,393,093,963 -
1988 $4,209,834,173 -
1987 $3,856,922,694 -
1986 $3,470,746,843 -
1985 $4,152,376,484 -
1984 $4,440,874,566 -
1983 $4,247,030,468 -
1982 $4,145,421,080 -
1981 $3,943,109,532 -
1980 $3,493,834,468 -
1979 $2,710,160,739 -
1978 $2,272,042,965 -
1977 $1,989,060,283 -
1976 $1,581,709,519 -
1975 $1,099,107,601 -
1974 $1,042,176,884 -
1973 $761,132,545 -
1972 $534,081,184 -
1971 $422,181,562 -
1970 $391,577,364 -

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

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

GDP per capita in Bahrain vs Moldova by year

Bahrain
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $7,576 $18,615
2023 $29,290 $64,171 $6,800 $17,747
2022 $30,471 $61,678 $5,744 $16,453
2021 $27,148 $54,955 $5,275 $15,682
2020 $24,343 $53,436 $4,376 $13,527
2019 $27,260 $56,600 $4,405 $13,413
2018 $26,324 $51,993 $4,156 $11,868
2017 $24,785 $50,185 $3,453 $11,252
2016 $23,800 $47,429 $2,847 $10,326
2015 $23,734 $48,034 $2,750 $9,198
2014 $26,452 $54,299 $3,290 $8,643
2013 $26,990 $56,310 $3,321 $8,233
2012 $26,439 $56,713 $3,045 $7,255
2011 $25,033 $52,677 $2,941 $6,833
2010 $21,819 $49,255 $2,437 $6,323
2009 $19,465 $48,626 $1,898 $5,827
2008 $23,299 $50,330 $2,111 $6,153
2007 $20,908 $49,347 $1,531 $5,590
2006 $19,267 $48,009 $1,183 $5,271
2005 $17,966 $47,268 $1,034 $4,866
2004 $15,964 $46,317 $897 $4,378
2003 $14,486 $45,427 $682 $3,960
2002 $13,501 $45,091 $571 $3,633
2001 $13,573 $46,162 $507 $3,311
2000 $14,214 $45,688 $441 $3,045
1999 $12,123 $43,561 $399 $2,910
1998 $11,625 $42,281 $579 $2,965
1997 $12,255 $40,965 $657 $3,136
1996 $12,092 $40,106 $575 $3,021
1995 $11,901 $38,839 $594 $3,146
1994 $11,629 $37,579 $574 $3,111
1993 $11,152 $37,870 $797 $4,394
1992 $10,460 $33,648 $778 $4,337
1991 $10,434 $31,657 $1,038 $5,980
1990 $9,343 $26,902 $1,207 $6,895
1989 $8,833 - - -
1988 $8,772 - - -
1987 $8,333 - - -
1986 $7,777 - - -
1985 $9,649 - - -
1984 $10,697 - - -
1983 $10,599 - - -
1982 $10,712 - - -
1981 $10,557 - - -
1980 $9,733 - - -
1979 $7,891 - - -
1978 $6,926 - - -
1977 $6,358 - - -
1976 $5,310 - - -
1975 $3,880 - - -
1974 $3,874 - - -
1973 $2,981 - - -
1972 $2,206 - - -
1971 $1,830 - - -
1970 $1,742 - - -

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

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Moldova ranks 100th at $18,615.

Economic indicators

Bahrain Moldova
Gross domestic product
$47.1B
2024
$18.2B
2024
GDP rank
96/197
2024
134/197
2024
GDP growth
2.6%
2023-2024
0.1%
2023-2024
GDP per capita
$29,654
2024
$7,576
2024
GDP per capita rank
42/197
2024
99/197
2024
GDP per capita, PPP
$66,941
2024
$18,615
2024
GDP per capita PPP rank
26/197
2024
100/197
2024
Government debt
$62.8B
2024
$7.06B
2024
Debt-to-GDP ratio
133.4%
2024
38.8%
2024
Government debt per person
$39,552
2024
$2,938
2024
Government debt per person rank
14/185
2024
102/185
2024
Average annual personal income after taxes
$23,253
2026
$4,291
2026
Market capitalization of domestic companies
$20.4B
2024
n/a
Income share by richest 10% n/a
22.8%
2023
Income share by poorest 10% n/a
4.3%
2023
Government expenditure, % of GDP
29.1%
2024
38%
2024
Consumer prices inflation
0.92%
2023-2024
4.68%
2023-2024
Central bank interest rate
4.25%
2025
6%
2025
Unemployment rate
1.2%
2012
1.43%
2024
Population
1669503
2341166

Spending and national debt comparison by year

Bahrain
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Bahrain Moldova
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 38% 38.8%
2023 29.1% 123% 38.8% 34.9%
2022 28.4% 111.6% 36.6% 35%
2021 30.6% 122.3% 34.6% 33.6%
2020 34.6% 125.7% 36.7% 36.6%
2019 31.2% 97.1% 32% 28.8%
2018 32.1% 90.4% 31.5% 31.8%
2017 30.7% 84% 31% 34.9%
2016 33.3% 77.4% 30.5% 39.7%
2015 34.8% 63.2% 31.7% 42.1%
2014 27.3% 42.6% 33.8% 35.4%
2013 32% 42.3% 32.4% 30%
2012 31.1% 34.8% 33.7% 31.3%
2011 30.2% 31.6% 32.6% 24.2%
2010 31.1% 28.8% 34.1% 25.5%
2009 24.6% 20.5% 45.3% 32.6%
2008 22.7% 12.1% 41.5% 22.2%
2007 22.4% 15.7% 42.7% 28.3%
2006 23.1% 19.4% 40.3% 35%
2005 23.9% 23.2% 37.1% 40.4%
2004 25% 28.2% 34.8% 49.3%
2003 28.1% 31.1% 33.5% 68.1%
2002 30.6% 27.2% 30.7% 80.3%
2001 26.5% 25% 29.5% 85.4%
2000 22.2% 24.7% 34% 89.1%
1999 27.1% 24.7% 33% 150.7%
1998 25.7% 20% 39.1% 159.4%
1997 31% 14.8% 46% 89%
1996 22.7% 13.1% 43.3% 87.5%
1995 25.1% 13.6% 42% 79.5%
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/moldova | CC BY

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 38.8% in Moldova, ranking 9/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Moldova
1x
Year Deficit/surplus, % of GDP
Bahrain Moldova
2024 -10.6% -3.88%
2023 -9.67% -5.13%
2022 -6.02% -3.24%
2021 -10.6% -2.62%
2020 -17.3% -5.32%
2019 -8.57% -1.47%
2018 -11.3% -0.85%
2017 -13.4% -0.65%
2016 -16.6% -1.56%
2015 -17.5% -1.93%
2014 -3.32% -1.6%
2013 -8.55% -1.57%
2012 -5.77% -1.93%
2011 -4.9% -2.05%
2010 -9.29% -2.18%
2009 -5.36% -6.38%
2008 4.08% -0.87%
2007 1.52% 0.15%
2006 2.24% -0.42%
2005 2.8% 1.44%
2004 0.24% 0.59%
2003 -1.7% 0.47%
2002 -3.27% -1.18%
2001 0.7% -0.34%
2000 7.33% -3.55%
1999 -4.85% -2.64%
1998 -5.49% -1.52%
1997 -6.39% -7.47%
1996 0.24% -7.42%
1995 -3.99% -2.58%
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/moldova | 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 Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Bahrain recorded a fiscal deficit in 22 of those years, while Moldova ran a deficit in 26 years. On average, Bahrain posted an annual deficit equal to 5.51% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Bahrain

Moldova
1x
Year Consumer prices inflation
Bahrain Moldova
2024 0.92% 4.68%
2023 0.07% 13.4%
2022 3.63% 28.7%
2021 -0.61% 5.11%
2020 -2.32% 3.77%
2019 1.01% 4.84%
2018 2.09% 3.05%
2017 1.39% 6.57%
2016 2.79% 6.36%
2015 1.85% 9.68%
2014 2.65% 5.09%
2013 3.3% 4.6%
2012 2.76% 4.55%
2011 -0.4% 7.69%
2010 1.96% 7.48%
2009 2.8% -0.06%
2008 3.53% 12.8%
2007 3.26% 12.4%
2006 2.01% 12.8%
2005 2.59% 12%
2004 2.35% 12.5%
2003 1.59% 11.7%
2002 -0.5% 5.3%
2001 -1.21% 9.76%
2000 -0.7% 31.3%
1999 -1.29% 39.3%
1998 -0.37% 7.7%
1997 2.43% 11.8%

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

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

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 10.5% in Moldova. In 2024, inflation was 0.92% in Bahrain and 4.68% in Moldova.

Top exports between countries

Bahrain
Export category Export value
Machinery & equipment $1.02M
Textiles & consumer goods $2K
Moldova
Export category Export value
Precious metals & jewellery $680K
Machinery & equipment $254K
Textiles & consumer goods $66K
Raw agricultural goods $56K
Animal & marine products $17K
Chemicals & pharma $17K
Processed food, beverages & tobacco $17K

Balance of trade

Bahrain Moldova
Current account balance
$2.28B
2024
-$3.01B
2024
Current account balance ranking
44/190
2024
156/190
2024
Current account balance, % of GDP
+4.84%
2024
-16.6%
2024
Goods imports
$20.7B
2024
$8.63B
2024
Goods exports
$24.3B
2024
$3.01B
2024
Service imports
$12.4B
2024
$1.8B
2024
Service exports
$17B
2024
$2.73B
2024
Imports of goods and services, % of GDP
70.1%
2024
57.3%
2024
Exports of goods and services, % of GDP
87.7%
2024
31.4%
2024

Economic freedom indices

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

Bahrain Moldova
Economic freedom 65.7 58.1
Economic freedom ranking 63/197 112/197
Property rights 60.9 40.4
Government integrity 45.9 45.1
Judicial effectiveness 30 32.4
Tax burden 99.9 87.9
Government spending 75 57.2
Fiscal health 0 70.3
Business freedom 75.9 68.3
Labor freedom 55.5 48.1
Monetary freedom 88.8 66
Trade freedom 86.8 76.8
Investment freedom 90 55
Financial freedom 80 50

Economic freedom comparison by year

Bahrain
Moldova
1x
Year Economic freedom index
Bahrain Moldova
2026 65.7 58.1
2025 65.6 58.3
2024 63.4 57.1
2023 62.5 58.5
2022 62 61.3
2021 69.9 62.5
2020 66.3 62
2019 66.4 59.1
2018 67.7 58.4
2017 68.5 58
2016 74.3 57.4
2015 73.4 57.5
2014 75.1 57.3
2013 75.5 55.5
2012 75.2 54.4
2011 77.7 55.7
2010 76.3 53.7
2009 74.8 54.9
2008 72.2 57.9
2007 71.2 58.7
2006 71.6 58
2005 71.2 57.4
2004 75.1 57.1
2003 76.3 60
2002 75.6 57.4
2001 75.9 54.9
2000 75.7 59.6
1999 75.2 56.1
1998 75.6 53.5
1997 76.1 48.9
1996 76.4 52.5
1995 76.2 33

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Moldova
Services, % of GDP
53.2%
2024
62.3%
2024
Industry, % of GDP
42.3%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
7.11%
2024
GNI, Atlas method
$44.6B
2024
$16.5B
2024
GNI per capita, PPP
$62,230
2024
$18,710
2024
Total reserves including gold
$4.95B
2024
$5.48B
2024
Total reserves ranking
102/177
2024
96/177
2024
Net foreign direct investment
-$2.43B
2024
-$360M
2024
Net inflows of foreign direct investment
$2.7B
2024
$458M
2024
Net outflows of foreign direct investment
$275M
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI n/a
6.22%
2024
Poverty at national poverty lines n/a
31.6%
2023
Gross capital formation, % of GDP
28.4%
2024
21.1%
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/moldova | 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. TradeMap (2022–2024, 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.