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Economy of Bahrain vs North Korea compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $34.9B for North Korea, ranking 96/197 and 106/197 by economy size, respectively.

Bahrain vs North Korea GDP by year

Bahrain
North Korea
1x
Year GDP, current $
Bahrain North Korea
2024 $47,109,734,309 $34,943,120,000
2023 $46,192,260,638 $32,155,360,000
2022 $46,458,191,489 $28,971,360,000
2021 $40,840,212,766 $32,301,720,000
2020 $35,837,632,979 $27,728,240,000
2019 $40,446,808,511 $28,222,880,000
2018 $39,567,978,723 $28,536,400,000
2017 $37,204,813,830 $29,105,440,000
2016 $33,884,680,851 $28,882,640,000
2015 $32,523,297,872 $30,723,030,000
2014 $34,772,526,596 $30,554,460,000
2013 $33,823,324,468 $30,588,922,000
2012 $31,963,404,255 $29,890,710,000
2011 $29,914,680,851 $29,005,020,000
2010 $26,805,984,043 $25,995,513,000
2009 $22,938,218,085 $23,356,470,000
2008 $25,710,904,255 -
2007 $21,730,000,000 -
2006 $18,504,760,638 -
2005 $15,968,723,404 -
2004 $13,150,159,574 -
2003 $11,074,813,830 -
2002 $9,593,510,638 -
2001 $8,976,196,809 -
2000 $9,062,898,936 -
1999 $7,528,469,149 -
1998 $7,031,309,043 -
1997 $7,219,407,713 -
1996 $6,938,166,755 -
1995 $6,651,180,851 -
1994 $6,330,627,926 -
1993 $5,913,001,064 -
1992 $5,402,232,447 -
1991 $5,248,911,170 -
1990 $4,809,511,005 -
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/north-korea | CC BY

GDP per capita in Bahrain vs North Korea by year

Bahrain
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $1,319 -
2023 $29,290 $64,171 $1,217 -
2022 $30,471 $61,678 $1,100 -
2021 $27,148 $54,955 $1,231 -
2020 $24,343 $53,436 $1,061 -
2019 $27,260 $56,600 $1,084 -
2018 $26,324 $51,993 $1,100 -
2017 $24,785 $50,185 $1,127 -
2016 $23,800 $47,429 $1,124 -
2015 $23,734 $48,034 $1,201 $1,700
2014 $26,452 $54,299 $1,201 $1,800
2013 $26,990 $56,310 $1,208 -
2012 $26,439 $56,713 $1,186 -
2011 $25,033 $52,677 $1,156 $1,800
2010 $21,819 $49,255 $1,040 -
2009 $19,465 $48,626 $939 $1,800
2008 $23,299 $50,330 - $1,800
2007 $20,908 $49,347 - $1,700
2006 $19,267 $48,009 - $1,800
2005 $17,966 $47,268 - $1,700
2004 $15,964 $46,317 - $1,700
2003 $14,486 $45,427 - $1,300
2002 $13,501 $45,091 - $1,000
2001 $13,573 $46,162 - -
2000 $14,214 $45,688 - $1,000
1999 $12,123 $43,561 - $1,000
1998 $11,625 $42,281 - -
1997 $12,255 $40,965 - -
1996 $12,092 $40,106 - -
1995 $11,901 $38,839 - -
1994 $11,629 $37,579 - -
1993 $11,152 $37,870 - -
1992 $10,460 $33,648 - -
1991 $10,434 $31,657 - -
1990 $9,343 $26,902 - -
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); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/north-korea | CC BY

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while North Korea ranks 193rd at $1,700.

Economic indicators

Bahrain North Korea
Gross domestic product
$47.1B
2024
$34.9B
2024
GDP rank
96/197
2024
106/197
2024
GDP growth
2.6%
2023-2024
n/a
GDP per capita
$29,654
2024
$1,319
2024
GDP per capita rank
42/197
2024
168/197
2024
GDP per capita, PPP
$66,941
2024
$1,700
2015
GDP per capita PPP rank
26/197
2024
193/197
2015
Government debt
$62.8B
2024
n/a
Debt-to-GDP ratio
133.4%
2024
n/a
Government debt per person
$39,552
2024
n/a
Government debt per person rank
14/185
2024
n/a
Average annual personal income after taxes
$23,253
2026
$1,426
2026
Market capitalization of domestic companies
$20.4B
2024
n/a
Government expenditure, % of GDP
29.1%
2024
n/a
Consumer prices inflation
0.92%
2023-2024
n/a
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
25.6%
2013
Population
1669503
26659144

Balance of trade

Bahrain North Korea
Current account balance
$2.28B
2024
n/a
Current account balance ranking
44/190
2024
n/a
Current account balance, % of GDP
+4.84%
2024
n/a
Goods imports
$20.7B
2024
n/a
Goods exports
$24.3B
2024
n/a
Service imports
$12.4B
2024
n/a
Service exports
$17B
2024
n/a
Imports of goods and services, % of GDP
70.1%
2024
n/a
Exports of goods and services, % of GDP
87.7%
2024
n/a

Economic freedom indices

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

Bahrain North Korea
Economic freedom 65.7 3.1
Economic freedom ranking 63/197 197/197
Property rights 60.9 16.3
Government integrity 45.9 4.3
Judicial effectiveness 30 6.3
Tax burden 99.9 0
Government spending 75 0
Fiscal health 0 0
Business freedom 75.9 5
Labor freedom 55.5 5
Monetary freedom 88.8 0
Trade freedom 86.8 0
Investment freedom 90 0
Financial freedom 80 0

Economic freedom comparison by year

Bahrain
North Korea
1x
Year Economic freedom index
Bahrain North Korea
2026 65.7 3.1
2025 65.6 3
2024 63.4 2.9
2023 62.5 2.9
2022 62 3
2021 69.9 5.2
2020 66.3 4.2
2019 66.4 5.9
2018 67.7 5.8
2017 68.5 4.9
2016 74.3 2.3
2015 73.4 1.3
2014 75.1 1
2013 75.5 1.5
2012 75.2 1
2011 77.7 1
2010 76.3 1
2009 74.8 2
2008 72.2 3
2007 71.2 3
2006 71.6 4
2005 71.2 8
2004 75.1 8.9
2003 76.3 8.9
2002 75.6 8.9
2001 75.9 8.9
2000 75.7 8.9
1999 75.2 8.9
1998 75.6 8.9
1997 76.1 8.9
1996 76.4 8.9
1995 76.2 8.9

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

GeoRank.org/economy/bahrain/north-korea | CC BY

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain North Korea
Services, % of GDP
53.2%
2024
n/a
Industry, % of GDP
42.3%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
n/a
GNI, Atlas method
$44.6B
2024
n/a
GNI per capita, PPP
$62,230
2024
n/a
Total reserves including gold
$4.95B
2024
n/a
Total reserves ranking
102/177
2024
n/a
Net foreign direct investment
-$2.43B
2024
n/a
Net inflows of foreign direct investment
$2.7B
2024
$203K
1989
Net outflows of foreign direct investment
$275M
2024
$0
2024
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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.

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.