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Economy of Bahrain vs Seychelles compared: GDP & Debt

Updated on by Georank

Bahrain has a GDP of $49B compared to $2.39B for the Seychelles, ranking 98/197 and 177/197 by economy size, respectively.

Bahrain has $72.3B in government debt (147.6% of GDP), compared to $1.23B (51.5% of GDP) in the Seychelles.

Bahrain vs Seychelles GDP by year

Bahrain
Seychelles
1x
Year GDP, current $
Bahrain Seychelles
2025 $48,965,725,532 $2,387,022,853
2024 $47,210,732,713 $2,228,608,684
2023 $46,192,260,638 $2,171,547,935
2022 $46,458,191,489 $1,999,888,599
2021 $40,840,212,766 $1,487,173,795
2020 $35,837,632,979 $1,382,551,752
2019 $40,446,808,511 $1,868,690,097
2018 $39,567,978,723 $1,784,313,927
2017 $37,204,813,830 $1,675,370,641
2016 $33,884,680,851 $1,568,513,348
2015 $32,523,297,872 $1,432,403,352
2014 $34,772,526,596 $1,387,577,870
2013 $33,823,324,468 $1,333,160,407
2012 $31,963,404,255 $1,089,407,839
2011 $29,914,680,851 $1,058,918,707
2010 $26,805,984,043 $981,616,542
2009 $22,938,218,085 $850,901,620
2008 $25,710,904,255 $979,597,394
2007 $21,730,000,000 $1,077,308,814
2006 $18,504,760,638 $1,081,441,283
2005 $15,968,723,404 $977,899,382
2004 $13,150,159,574 $893,012,218
2003 $11,074,813,830 $750,847,230
2002 $9,593,510,638 $742,134,838
2001 $8,976,196,809 $662,064,156
2000 $9,062,898,936 $654,212,394
1999 $7,528,469,149 $662,838,615
1998 $7,031,309,043 $647,287,376
1997 $7,219,407,713 $598,966,982
1996 $6,938,166,755 $535,250,347
1995 $6,651,180,851 $540,733,048
1994 $6,330,627,926 $517,570,058
1993 $5,913,001,064 $504,230,621
1992 $5,402,232,447 $461,409,399
1991 $5,248,911,170 $398,307,170
1990 $4,809,511,005 $392,163,561
1989 $4,393,093,963 $324,333,367
1988 $4,209,834,173 $301,985,618
1987 $3,856,922,694 $265,212,957
1986 $3,470,746,843 $221,147,061
1985 $4,152,376,484 $179,691,483
1984 $4,440,874,566 $160,992,921
1983 $4,247,030,468 $156,098,237
1982 $4,145,421,080 $157,211,790
1981 $3,943,109,532 $163,750,728
1980 $3,493,834,468 $156,783,830
1979 $2,710,160,739 $127,261,099
1978 $2,272,042,965 $85,552,366
1977 $1,989,060,283 $64,526,401
1976 $1,581,709,519 $49,278,982
1975 $1,099,107,601 $47,803,146
1974 $1,042,176,884 $43,134,496
1973 $761,132,545 $36,896,280
1972 $534,081,184 $30,645,123
1971 $422,181,562 $21,965,951
1970 $391,577,364 $18,432,032
1969 - $16,452,028
1968 - $16,074,028
1967 - $16,632,032
1966 - $16,443,034
1965 - $15,603,032
1964 - $15,393,032
1963 - $13,923,029
1962 - $12,642,026
1961 - $11,592,024
1960 - $12,012,025

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

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

GDP per capita in Bahrain vs Seychelles by year

Bahrain
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $30,597 - $19,449 -
2024 $29,717 $66,941 $18,365 $33,239
2023 $29,290 $64,171 $18,131 $31,781
2022 $30,471 $61,678 $16,683 $29,973
2021 $27,148 $54,955 $14,983 $29,980
2020 $24,343 $53,436 $14,041 $31,056
2019 $27,260 $56,600 $19,142 $34,219
2018 $26,324 $51,993 $18,440 $32,091
2017 $24,785 $50,185 $17,480 $30,675
2016 $23,800 $47,429 $16,567 $28,811
2015 $23,734 $48,034 $15,333 $25,435
2014 $26,452 $54,299 $15,188 $24,985
2013 $26,990 $56,310 $14,821 $22,487
2012 $26,439 $56,713 $12,337 $22,264
2011 $25,033 $52,677 $12,110 $21,781
2010 $21,819 $49,255 $10,935 $18,982
2009 $19,465 $48,626 $9,747 $18,453
2008 $23,299 $50,330 $11,265 $18,881
2007 $20,908 $49,347 $12,669 $19,473
2006 $19,267 $48,009 $12,783 $17,503
2005 $17,966 $47,268 $11,802 $15,846
2004 $15,964 $46,317 $10,828 $14,160
2003 $14,486 $45,427 $9,070 $14,142
2002 $13,501 $45,091 $8,864 $14,570
2001 $13,573 $46,162 $8,153 $14,615
2000 $14,214 $45,688 $8,064 $14,638
1999 $12,123 $43,561 $8,243 $13,853
1998 $11,625 $42,281 $8,210 $13,675
1997 $12,255 $40,965 $7,747 $13,458
1996 $12,092 $40,106 $7,004 $11,931
1995 $11,901 $38,839 $7,181 $10,809
1994 $11,629 $37,579 $6,975 $10,692
1993 $11,152 $37,870 $6,979 $11,020
1992 $10,460 $33,648 $6,520 $10,243
1991 $10,434 $31,657 $5,655 $9,387
1990 $9,343 $26,902 $5,642 $8,955
1989 $8,833 - $4,689 -
1988 $8,772 - $4,392 -
1987 $8,333 - $3,872 -
1986 $7,777 - $3,368 -
1985 $9,649 - $2,754 -
1984 $10,697 - $2,488 -
1983 $10,599 - $2,426 -
1982 $10,712 - $2,441 -
1981 $10,557 - $2,557 -
1980 $9,733 - $2,478 -
1979 $7,891 - $2,030 -
1978 $6,926 - $1,377 -
1977 $6,358 - $1,044 -
1976 $5,310 - $814 -
1975 $3,880 - $806 -
1974 $3,874 - $745 -
1973 $2,981 - $649 -
1972 $2,206 - $547 -
1971 $1,830 - $402 -
1970 $1,742 - $344 -
1969 - - $314 -
1968 - - $314 -
1967 - - $333 -
1966 - - $338 -
1965 - - $328 -
1964 - - $332 -
1963 - - $308 -
1962 - - $287 -
1961 - - $270.3 -
1960 - - $288.1 -

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

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

Bahrain's GDP per capita is $30,597, ranking 44/197, compared to $19,449 in the Seychelles, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while the Seychelles ranks 67th at $33,239.

Economic indicators

Bahrain Seychelles
Gross domestic product
$49B
2025
$2.39B
2025
GDP rank
98/197
2025
177/197
2025
GDP growth
3.48%
2024-2025
5.8%
2024-2025
GDP per capita
$30,597
2025
$19,449
2025
GDP per capita rank
44/197
2025
64/197
2025
GDP per capita, PPP
$66,941
2024
$33,239
2024
GDP per capita PPP rank
26/197
2024
67/197
2024
Government debt
$72.3B
2025
$1.23B
2025
Debt-to-GDP ratio
147.6%
2025
51.5%
2025
Government debt per person
$45,165
2025
$10,019
2025
Government debt per person rank
13/185
2025
59/185
2025
Average annual personal income after taxes
$23,191
2026
$11,537
2026
Market capitalization of domestic companies
$21.3B
2025
$646M
2025
Income share by richest 10% n/a
23.9%
2018
Income share by poorest 10% n/a
2.6%
2018
Government expenditure, % of GDP
29.4%
2025
32.7%
2025
Consumer prices inflation
-0.14%
2024-2025
0.3%
2024-2025
Central bank interest rate
4.25%
2025
1.75%
2024
Unemployment rate
0.89%
2015
2.59%
2024
Population
1649267
125859

Spending and national debt comparison by year

Bahrain
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Bahrain Seychelles
Government spending Government debt Government spending Government debt
2025 29.4% 147.6% 32.7% 51.5%
2024 28.9% 133.7% 33% 56.1%
2023 29% 123% 33.1% 55.1%
2022 28.4% 111.6% 31.6% 60.6%
2021 30.6% 122.3% 38.8% 71%
2020 34.6% 125.7% 46.7% 77.4%
2019 31.2% 97.1% 31.7% 48.9%
2018 32.1% 90.4% 33% 51.3%
2017 30.7% 84% 34.3% 56.7%
2016 33.3% 77.4% 34.5% 64.3%
2015 34.8% 63.2% 31.5% 75.4%
2014 27.3% 42.6% 33.4% 70.4%
2013 32% 42.3% 37.8% 68.2%
2012 31.1% 34.8% 38.6% 80.1%
2011 30.2% 31.6% 36.4% 82.5%
2010 31.1% 28.8% 34.6% 82.2%
2009 24.6% 20.5% 32.1% 106.1%
2008 22.7% 12.1% 27% 192.1%
2007 22.4% 15.7% 41.9% 144%
2006 23.1% 19.4% 43.6% 135.1%
2005 23.9% 23.2% 39% 144.1%
2004 25% 28.2% 39.9% 163.2%
2003 28.1% 31.1% 44.6% 177%
2002 30.6% 27.2% 56.3% 195.9%
2001 26.5% 25% 46.8% 199.8%
2000 22.2% 24.7% 55.4% 177.8%
1999 27.1% 24.7% 56.1% 159.8%
1998 25.7% 20% 60.7% 161.2%
1997 31% 14.8% 54.7% 143%
1996 22.7% 13.1% 59.1% 146.7%
1995 25.1% 13.6% 53.1% 133.5%
1994 26.1% 5.62% 63.6% 123.5%
1993 26.7% 5.95% 60.4% 82.2%
1992 29.4% 6.45% 50.7% 79.9%
1991 28.5% 6.71% 52.1% 89.2%
1990 32.4% 7.24% 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08).

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

In 2025, Bahrain's government spending was $14.4B, accounting for 29.4% of its GDP, while the Seychelles spent $781M, or 32.7% of GDP.

Debt-to-GDP ratio is 147.6% in Bahrain and 51.5% in the Seychelles, ranking 6/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Seychelles
1x
Year Deficit/surplus, % of GDP
Bahrain Seychelles
2025 -13% -0.99%
2024 -11% -0.68%
2023 -9.66% -1.15%
2022 -6.03% -0.77%
2021 -10.6% -5.76%
2020 -17.3% -15.7%
2019 -8.57% 0.42%
2018 -11.3% -0.8%
2017 -13.4% -1.67%
2016 -16.6% 0.02%
2015 -17.5% 1.39%
2014 -3.32% 2.87%
2013 -8.55% 0.33%
2012 -5.77% 2.93%
2011 -4.9% 3.36%
2010 -9.29% 0.52%
2009 -5.36% 4.84%
2008 4.08% 7.88%
2007 1.52% -9.93%
2006 2.24% -2.54%
2005 2.8% 0.42%
2004 0.24% 0.44%
2003 -1.7% 3.4%
2002 -3.27% -16.3%
2001 0.7% -8.93%
2000 7.33% -14.7%
1999 -4.85% -10.3%
1998 -5.49% -16.7%
1997 -6.39% -5.91%
1996 0.24% -9.69%
1995 -3.99% -2.58%
1994 -5.18% -6.95%
1993 -2.77% -3.62%
1992 -5.41% 6.44%
1991 -3.47% 3.15%
1990 -6.79% 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08).

GeoRank.org/economy/bahrain/seychelles | 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 the Seychelles' deficit of $23.5M, or 0.99% of GDP.

Over the past 36 years, Bahrain recorded a fiscal deficit in 28 of those years, while the Seychelles ran a deficit in 20 years. On average, Bahrain posted an annual deficit equal to 5.61% of GDP, compared to deficit of 2.37% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Bahrain

Seychelles
1x
Year Consumer prices inflation
Bahrain Seychelles
2025 -0.14% 0.3%
2024 0.92% 0.31%
2023 0.07% -1.04%
2022 3.63% 2.63%
2021 -0.61% 9.77%
2020 -2.32% 1.2%
2019 1.01% 1.81%
2018 2.09% 3.7%
2017 1.39% 2.86%
2016 2.79% -1.02%
2015 1.85% 4.04%
2014 2.65% 1.39%
2013 3.3% 4.34%
2012 2.76% 7.11%
2011 -0.4% 2.56%
2010 1.96% -2.4%
2009 2.8% 31.8%
2008 3.53% 37%
2007 3.26% 5.32%
2006 2.01% -0.35%
2005 2.59% 0.91%
2004 2.35% 3.86%
2003 1.59% 3.3%
2002 -0.5% 0.18%
2001 -1.21% 5.97%
2000 -0.7% 6.27%
1999 -1.29% 6.35%
1998 -0.37% 2.58%
1997 2.43% 0.62%

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

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

Over the past 29 years, Bahrain has recorded an average annual inflation rate of 1.29%, compared with 4.87% in the Seychelles. In 2025, inflation was -0.14% in Bahrain and 0.3% in the Seychelles.

Top exports between countries

Bahrain
Export category Export value
Animal & marine products $392K
Processed food, beverages & tobacco $58K
Raw materials & minerals $30K
Metals $19K
Chemicals & pharma $15K
Wood & paper products $6K
Miscellaneous $4K
Machinery & equipment $1K
Seychelles
Export category Export value
Processed food, beverages & tobacco $18K
Machinery & equipment $12K
Animal & marine products $1K

Balance of trade

Bahrain Seychelles
Current account balance
$2.28B
2024
-$166M
2024
Current account balance ranking
43/190
2024
90/190
2024
Current account balance, % of GDP
+4.83%
2024
-7.46%
2024
Goods imports
$20.7B
2024
$1.38B
2024
Goods exports
$24.3B
2024
$595M
2024
Service imports
$12.4B
2024
$1B
2024
Service exports
$17B
2024
$1.71B
2024
Imports of goods and services, % of GDP
70%
2024
92.7%
2025
Exports of goods and services, % of GDP
87.5%
2024
79.6%
2025

Economic freedom indices

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

Bahrain Seychelles
Economic freedom 65.7 66.5
Economic freedom ranking 63/197 60/197
Property rights 60.9 82.6
Government integrity 45.9 71.7
Judicial effectiveness 30 61.7
Tax burden 99.9 77.3
Government spending 75 68
Fiscal health 0 92.2
Business freedom 75.9 71.3
Labor freedom 55.5 52
Monetary freedom 88.8 79.8
Trade freedom 86.8 81.2
Investment freedom 90 30
Financial freedom 80 30

Economic freedom comparison by year

Bahrain
Seychelles
1x
Year Economic freedom index
Bahrain Seychelles
2026 65.7 66.5
2025 65.6 66.4
2024 63.4 60.4
2023 62.5 59.5
2022 62 61.1
2021 69.9 66.3
2020 66.3 64.3
2019 66.4 61.4
2018 67.7 61.6
2017 68.5 61.8
2016 74.3 62.2
2015 73.4 57.5
2014 75.1 56.2
2013 75.5 54.9
2012 75.2 53
2011 77.7 51.2
2010 76.3 47.9
2009 74.8 47.8
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 2026-07-08).

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Seychelles
Services, % of GDP
54.3%
2025
67.9%
2025
Industry, % of GDP
41.2%
2025
14.3%
2025
Agriculture, forestry, and fishing, % of GDP
0.24%
2025
2.61%
2025
GNI, Atlas method
$46.1B
2025
$2.36B
2025
GNI per capita, PPP
$65,500
2025
$34,930
2025
Total reserves including gold
$5.27B
2025
$774M
2024
Total reserves ranking
101/177
2025
146/177
2024
Net foreign direct investment
-$2.43B
2024
-$268M
2024
Net inflows of foreign direct investment
$2.7B
2024
$226M
2024
Net outflows of foreign direct investment
$275M
2024
-$41.4M
2024
Poverty at national poverty lines n/a
25.3%
2018
Gross capital formation, % of GDP
28.4%
2024
18.7%
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/seychelles | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.

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.