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Economy of Bahrain vs Paraguay compared: GDP & Debt

Updated on by Georank

Bahrain has a GDP of $49B compared to $49.3B for Paraguay, ranking 98/197 and 97/197 by economy size, respectively.

Bahrain has $72.3B in government debt (147.6% of GDP), compared to $18.8B (38.1% of GDP) in Paraguay.

Bahrain vs Paraguay GDP by year

Bahrain
Paraguay
1x
Year GDP, current $
Bahrain Paraguay
2025 $48,965,725,532 $49,278,227,554
2024 $47,210,732,713 $44,738,819,362
2023 $46,192,260,638 $43,140,465,596
2022 $46,458,191,489 $41,841,201,627
2021 $40,840,212,766 $39,937,357,256
2020 $35,837,632,979 $35,432,178,068
2019 $40,446,808,511 $37,925,338,329
2018 $39,567,978,723 $40,225,448,341
2017 $37,204,813,830 $38,997,129,474
2016 $33,884,680,851 $36,089,700,223
2015 $32,523,297,872 $36,211,447,840
2014 $34,772,526,596 $40,377,929,296
2013 $33,823,324,468 $38,501,122,141
2012 $31,963,404,255 $33,271,921,136
2011 $29,914,680,851 $33,756,238,767
2010 $26,805,984,043 $27,260,886,405
2009 $22,938,218,085 $22,355,151,162
2008 $25,710,904,255 $24,615,267,664
2007 $21,730,000,000 $17,856,393,235
2006 $18,504,760,638 $13,429,430,050
2005 $15,968,723,404 $10,737,500,188
2004 $13,150,159,574 $9,624,440,836
2003 $11,074,813,830 $7,691,367,471
2002 $9,593,510,638 $7,196,260,657
2001 $8,976,196,809 $8,495,806,432
2000 $9,062,898,936 $8,855,705,140
1999 $7,528,469,149 $8,837,070,236
1998 $7,031,309,043 $9,260,481,572
1997 $7,219,407,713 $9,965,225,678
1996 $6,938,166,755 $9,788,391,781
1995 $6,651,180,851 $9,062,131,475
1994 $6,330,627,926 $7,870,982,005
1993 $5,913,001,064 $7,249,533,620
1992 $5,402,232,447 $7,157,424,031
1991 $5,248,911,170 $6,984,367,763
1990 $4,809,511,005 $5,812,114,523
1989 $4,393,093,963 $4,757,732,200
1988 $4,209,834,173 $4,255,683,528
1987 $3,856,922,694 $3,971,044,724
1986 $3,470,746,843 $3,723,993,943
1985 $4,152,376,484 $3,282,449,236
1984 $4,440,874,566 $4,502,462,807
1983 $4,247,030,468 $5,673,248,726
1982 $4,145,421,080 $5,419,411,765
1981 $3,943,109,532 $5,624,515,873
1980 $3,493,834,468 $4,448,087,302
1979 $2,710,160,739 $3,416,777,778
1978 $2,272,042,965 $2,559,857,143
1977 $1,989,060,283 $2,092,158,730
1976 $1,581,709,519 $1,698,960,317
1975 $1,099,107,601 $1,511,420,635
1974 $1,042,176,884 $1,333,475,397
1973 $761,132,545 $995,531,746
1972 $534,081,184 $769,039,683
1971 $422,181,562 $664,571,429
1970 $391,577,364 $594,611,111
1969 - $556,293,651
1968 - $517,650,794
1967 - $492,674,603
1966 - $465,888,889
1965 - $443,587,302
1964 - $408,349,206
1963 - $383,904,762
1962 - $360,698,413
1961 - $322,053,713
1960 - $288,884,368

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bahrain vs Paraguay by year

Bahrain
GDP per capita

GDP per capita, PPP
Paraguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Paraguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,597 - $7,027 -
2024 $29,717 $66,941 $6,457 $18,524
2023 $29,290 $64,171 $6,303 $17,564
2022 $30,471 $61,678 $6,189 $16,347
2021 $27,148 $54,955 $5,975 $15,406
2020 $24,343 $53,436 $5,365 $14,309
2019 $27,260 $56,600 $5,821 $14,150
2018 $26,324 $51,993 $6,258 $14,139
2017 $24,785 $50,185 $6,152 $13,977
2016 $23,800 $47,429 $5,775 $13,329
2015 $23,734 $48,034 $5,879 $12,679
2014 $26,452 $54,299 $6,652 $12,607
2013 $26,990 $56,310 $6,436 $12,137
2012 $26,439 $56,713 $5,642 $10,954
2011 $25,033 $52,677 $5,805 $11,442
2010 $21,819 $49,255 $4,751 $10,893
2009 $19,465 $48,626 $3,942 $9,802
2008 $23,299 $50,330 $4,385 $9,867
2007 $20,908 $49,347 $3,212 $9,179
2006 $19,267 $48,009 $2,439 $8,561
2005 $17,966 $47,268 $1,971 $8,007
2004 $15,964 $46,317 $1,786 $7,686
2003 $14,486 $45,427 $1,444 $7,276
2002 $13,501 $45,091 $1,368 $6,924
2001 $13,573 $46,162 $1,638 $6,916
2000 $14,214 $45,688 $1,736 $6,937
1999 $12,123 $43,561 $1,766 $7,080
1998 $11,625 $42,281 $1,890 $7,227
1997 $12,255 $40,965 $2,079 $7,299
1996 $12,092 $40,106 $2,088 $7,040
1995 $11,901 $38,839 $1,979 $6,966
1994 $11,629 $37,579 $1,760 $6,542
1993 $11,152 $37,870 $1,662 $6,234
1992 $10,460 $33,648 $1,683 $5,952
1991 $10,434 $31,657 $1,685 $5,873
1990 $9,343 $26,902 $1,440 $5,637
1989 $8,833 - $1,211 -
1988 $8,772 - $1,114 -
1987 $8,333 - $1,069 -
1986 $7,777 - $1,031 -
1985 $9,649 - $935 -
1984 $10,697 - $1,319 -
1983 $10,599 - $1,710 -
1982 $10,712 - $1,680 -
1981 $10,557 - $1,793 -
1980 $9,733 - $1,457 -
1979 $7,891 - $1,149 -
1978 $6,926 - $883 -
1977 $6,358 - $740 -
1976 $5,310 - $616 -
1975 $3,880 - $562 -
1974 $3,874 - $508 -
1973 $2,981 - $389 -
1972 $2,206 - $308 -
1971 $1,830 - $272.1 -
1970 $1,742 - $249 -
1969 - - $238.2 -
1968 - - $226.8 -
1967 - - $220.9 -
1966 - - $213.9 -
1965 - - $208.7 -
1964 - - $197 -
1963 - - $189.9 -
1962 - - $182.8 -
1961 - - $167.1 -
1960 - - $153.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Bahrain's GDP per capita is $30,597, ranking 44/197, compared to $7,027 in Paraguay, ranking 105/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Paraguay ranks 102nd at $18,524.

Economic indicators

Bahrain Paraguay
Gross domestic product
$49B
2025
$49.3B
2025
GDP rank
98/197
2025
97/197
2025
GDP growth
3.48%
2024-2025
6.64%
2024-2025
GDP per capita
$30,597
2025
$7,027
2025
GDP per capita rank
44/197
2025
105/197
2025
GDP per capita, PPP
$66,941
2024
$18,524
2024
GDP per capita PPP rank
26/197
2024
102/197
2024
Government debt
$72.3B
2025
$18.8B
2025
Debt-to-GDP ratio
147.6%
2025
38.1%
2025
Government debt per person
$45,165
2025
$2,679
2025
Government debt per person rank
13/185
2025
111/185
2025
Average annual personal income after taxes
$23,191
2026
$6,874
2026
Market capitalization of domestic companies
$21.3B
2025
$313M
1999
Income share by richest 10% n/a
35%
2024
Income share by poorest 10% n/a
2%
2024
Government expenditure, % of GDP
29.4%
2025
19.6%
2025
Consumer prices inflation
-0.14%
2024-2025
4.04%
2024-2025
Central bank interest rate
4.25%
2025
5.75%
2026
Unemployment rate
0.89%
2015
4.63%
2025
Population
1649267
7138671

Spending and national debt comparison by year

Bahrain
Spending

Debt
Paraguay
Spending

Debt
1x
Year % of GDP
Bahrain Paraguay
Government spending Government debt Government spending Government debt
2025 29.4% 147.6% 19.6% 38.1%
2024 28.9% 133.7% 20.9% 44.6%
2023 29% 123% 21.5% 41%
2022 28.4% 111.6% 20.2% 40.6%
2021 30.6% 122.3% 20.5% 37.5%
2020 34.6% 125.7% 22.6% 36.9%
2019 31.2% 97.1% 20.1% 25.8%
2018 32.1% 90.4% 18.5% 22.3%
2017 30.7% 84% 18.1% 19.8%
2016 33.3% 77.4% 17.7% 19.4%
2015 34.8% 63.2% 18% 18.6%
2014 27.3% 42.6% 17.1% 15.6%
2013 32% 42.3% 17.1% 13.5%
2012 31.1% 34.8% 17.6% 12.3%
2011 30.2% 31.6% 14.7% 11.1%
2010 31.1% 28.8% 13.3% 13%
2009 24.6% 20.5% 14.3% 14.9%
2008 22.7% 12.1% 11.8% 16%
2007 22.4% 15.7% 13.1% 16.8%
2006 23.1% 19.4% 14.1% 21%
2005 23.9% 23.2% 14% 28.3%
2004 25% 28.2% 14% 36%
2003 28.1% 31.1% 14.6% 37.5%
2002 30.6% 27.2% 17.6% 50.5%
2001 26.5% 25% 19% 37.1%
2000 22.2% 24.7% 19.6% 33.6%
1999 27.1% 24.7% 19.2% 32%
1998 25.7% 20% 18% 22.1%
1997 31% 14.8% 18.1% 18%
1996 22.7% 13.1% 16.9% 16.8%
1995 25.1% 13.6% 15.7% 17.6%
1994 26.1% 5.62% 14.5% 18.7%
1993 26.7% 5.95% 12.9% 26.6%
1992 29.4% 6.45% 13% 34.4%
1991 28.5% 6.71% 11.4% 49.4%
1990 32.4% 7.24% 10.5% 67%
1989 - - 11.8% 52.9%
1988 - - 9.75% 58.9%
1987 - - 10.1% 68.7%
1986 - - 9.25% 57.1%
1985 - - 11.4% 54.7%
1984 - - 13% 31%
1983 - - 13% 22.6%
1982 - - 13.2% 21.3%
1981 - - 13.3% 17.4%
1980 - - 11.6% 17.4%
1979 - - 11.7% 19.7%
1978 - - 11.9% 20.9%
1977 - - 11.2% 18.8%
1976 - - 9.8% 14.1%
1975 - - 10.5% 12.6%
1974 - - 9.44% 12.5%
1973 - - 11.2% 15.4%
1972 - - 12.5% 18.2%
1971 - - 12.3% 18.9%
1970 - - 13.3% 19.2%
1969 - - 14% -
1968 - - 13.5% -
1967 - - 12.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Bahrain's government spending was $14.4B, accounting for 29.4% of its GDP, while Paraguay spent $9.66B, or 19.6% of GDP.

Debt-to-GDP ratio is 147.6% in Bahrain and 38.1% in Paraguay, ranking 6/185 and 138/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Paraguay
1x
Year Deficit/surplus, % of GDP
Bahrain Paraguay
2025 -13% -1.69%
2024 -11% -2.1%
2023 -9.66% -3.81%
2022 -6.03% -2.65%
2021 -10.6% -3.39%
2020 -17.3% -5.72%
2019 -8.57% -2.44%
2018 -11.3% -1.01%
2017 -13.4% -0.44%
2016 -16.6% -0.37%
2015 -17.5% -0.44%
2014 -3.32% -0.27%
2013 -8.55% -1.16%
2012 -5.77% -0.58%
2011 -4.9% 1.29%
2010 -9.29% 1.54%
2009 -5.36% 0.59%
2008 4.08% 2.29%
2007 1.52% 1.27%
2006 2.24% 0.91%
2005 2.8% 0.74%
2004 0.24% 1.33%
2003 -1.7% -0.07%
2002 -3.27% -1.89%
2001 0.7% 0.07%
2000 7.33% -0.55%
1999 -4.85% 2.67%
1998 -5.49% 4.28%
1997 -6.39% 3%
1996 0.24% 2.43%
1995 -3.99% 2.78%
1994 -5.18% 4.59%
1993 -2.77% 4.27%
1992 -5.41% 3.1%
1991 -3.47% 3.41%
1990 -6.79% 7.56%
1989 - 5.48%
1988 - 3.01%
1987 - 2.68%
1986 - 3.08%
1985 - 0.85%
1984 - -0.42%
1983 - 0.27%
1982 - 1.52%
1981 - 0.15%
1980 - 3.4%
1979 - 4.13%
1978 - -3.42%
1977 - -0.19%
1976 - -0.06%
1975 - -1.24%
1974 - 1.67%
1973 - -0.91%
1972 - -2.51%
1971 - -1.25%
1970 - -1.26%
1969 - -1.62%
1968 - -2.34%
1967 - -1.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08).

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

In 2025, Bahrain's government deficit, the difference between spending and revenue, was $6.35B, equivalent to 13% of GDP. This compares to Paraguay's deficit of $832M, or 1.69% of GDP.

Over the past 36 years, Bahrain recorded a fiscal deficit in 28 of those years, while Paraguay ran a deficit in 17 years. On average, Bahrain posted an annual deficit equal to 5.61% of GDP, compared to surplus of 0.54% of GDP for Paraguay.

Inflation comparison by year

Inflation
Bahrain

Paraguay
1x
Year Consumer prices inflation
Bahrain Paraguay
2025 -0.14% 4.04%
2024 0.92% 3.84%
2023 0.07% 4.63%
2022 3.63% 9.77%
2021 -0.61% 4.79%
2020 -2.32% 1.77%
2019 1.01% 2.76%
2018 2.09% 3.98%
2017 1.39% 3.6%
2016 2.79% 4.09%
2015 1.85% 3.13%
2014 2.65% 5.03%
2013 3.3% 2.68%
2012 2.76% 3.68%
2011 -0.4% 8.25%
2010 1.96% 4.65%
2009 2.8% 2.59%
2008 3.53% 10.2%
2007 3.26% 8.13%
2006 2.01% 9.59%
2005 2.59% 6.81%
2004 2.35% 4.32%
2003 1.59% 14.2%
2002 -0.5% 10.5%
2001 -1.21% 7.27%
2000 -0.7% 8.98%
1999 -1.29% 6.75%
1998 -0.37% 11.6%
1997 2.43% 6.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bahrain has recorded an average annual inflation rate of 1.29%, compared with 6.16% in Paraguay. In 2025, inflation was -0.14% in Bahrain and 4.04% in Paraguay.

Top exports between countries

Bahrain
Export category Export value
Metals $8.36M
Machinery & equipment $363K
Paraguay
Export category Export value
Animal & marine products $799K
Raw agricultural goods $51K
Wood & paper products $20K
Chemicals & pharma $17K
Processed food, beverages & tobacco $4K

Balance of trade

Bahrain Paraguay
Current account balance
$2.28B
2024
-$1.57B
2025
Current account balance ranking
43/190
2024
131/190
2025
Current account balance, % of GDP
+4.83%
2024
-3.18%
2025
Goods imports
$20.7B
2024
$17.5B
2025
Goods exports
$24.3B
2024
$15.4B
2025
Service imports
$12.4B
2024
$2.75B
2025
Service exports
$17B
2024
$3.72B
2025
Imports of goods and services, % of GDP
70%
2024
39.3%
2025
Exports of goods and services, % of GDP
87.5%
2024
37.2%
2025

Economic freedom indices

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

Bahrain Paraguay
Economic freedom 65.7 66.4
Economic freedom ranking 63/197 61/197
Property rights 60.9 44.2
Government integrity 45.9 27.3
Judicial effectiveness 30 38.4
Tax burden 99.9 95.9
Government spending 75 86.9
Fiscal health 0 83
Business freedom 75.9 72
Labor freedom 55.5 44.1
Monetary freedom 88.8 76.5
Trade freedom 86.8 78.4
Investment freedom 90 80
Financial freedom 80 70

Economic freedom comparison by year

Bahrain
Paraguay
1x
Year Economic freedom index
Bahrain Paraguay
2026 65.7 66.4
2025 65.6 65.2
2024 63.4 60.1
2023 62.5 61
2022 62 62.9
2021 69.9 62.6
2020 66.3 63
2019 66.4 61.8
2018 67.7 62.1
2017 68.5 62.4
2016 74.3 61.5
2015 73.4 61.1
2014 75.1 62
2013 75.5 61.1
2012 75.2 61.8
2011 77.7 62.3
2010 76.3 61.3
2009 74.8 61
2008 72.2 60
2007 71.2 58.3
2006 71.6 55.6
2005 71.2 53.4
2004 75.1 56.7
2003 76.3 58.2
2002 75.6 59.6
2001 75.9 60.3
2000 75.7 64
1999 75.2 63.7
1998 75.6 65.2
1997 76.1 67.3
1996 76.4 67.1
1995 76.2 65.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 66.4 for Paraguay, ranking 61/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Paraguay
Services, % of GDP
54.3%
2025
48.1%
2025
Industry, % of GDP
41.2%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
0.24%
2025
11.6%
2025
GNI, Atlas method
$46.1B
2025
$47.4B
2025
GNI per capita, PPP
$65,500
2025
$19,390
2025
Total reserves including gold
$5.27B
2025
$9.57B
2024
Total reserves ranking
101/177
2025
82/177
2024
Net foreign direct investment
-$2.43B
2024
-$945M
2025
Net inflows of foreign direct investment
$2.7B
2024
$1.1B
2024
Net outflows of foreign direct investment
$275M
2024
$166M
2024
Servicing debt to the IMF, % of GNI n/a
4.58%
2024
Poverty at national poverty lines n/a
20.1%
2024
Gross capital formation, % of GDP
28.4%
2024
25.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.