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Economy of Bahrain vs Venezuela compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $120B for Venezuela, ranking 96/197 and 65/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $197B (164.3% of GDP) in Venezuela.

Bahrain vs Venezuela GDP by year

Bahrain
Venezuela
1x
Year GDP, current $
Bahrain Venezuela
2024 $47,109,734,309 $119,802,963,258
2023 $46,192,260,638 $102,376,526,556
2022 $46,458,191,489 $89,013,255,585
2021 $40,840,212,766 $56,614,976,855
2020 $35,837,632,979 $42,838,020,721
2019 $40,446,808,511 $73,014,084,091
2018 $39,567,978,723 $102,021,093,965
2017 $37,204,813,830 $115,883,275,163
2016 $33,884,680,851 $112,915,034,262
2015 $32,523,297,872 $125,449,241,571
2014 $34,772,526,596 $214,689,614,733
2013 $33,823,324,468 $258,930,655,486
2012 $31,963,404,255 $372,592,062,768
2011 $29,914,680,851 $316,482,190,800
2010 $26,805,984,043 $393,192,354,511
2009 $22,938,218,085 $329,787,628,928
2008 $25,710,904,255 $315,953,388,511
2007 $21,730,000,000 $230,364,012,576
2006 $18,504,760,638 $183,477,522,124
2005 $15,968,723,404 $145,513,489,652
2004 $13,150,159,574 $112,451,400,425
2003 $11,074,813,830 $83,620,628,582
2002 $9,593,510,638 $92,893,587,734
2001 $8,976,196,809 $122,911,036,747
2000 $9,062,898,936 $117,146,466,003
1999 $7,528,469,149 $97,972,842,462
1998 $7,031,309,043 $91,336,763,255
1997 $7,219,407,713 $85,837,678,560
1996 $6,938,166,755 $70,543,211,119
1995 $6,651,180,851 $77,389,487,770
1994 $6,330,627,926 $58,418,666,667
1993 $5,913,001,064 $60,037,460,783
1992 $5,402,232,447 $60,416,519,620
1991 $5,248,911,170 $53,453,444,787
1990 $4,809,511,005 $48,606,952,195
1989 $4,393,093,963 $43,536,709,104
1988 $4,209,834,173 $60,226,413,793
1987 $3,856,922,694 $48,029,034,483
1986 $3,470,746,843 $60,516,123,711
1985 $4,152,376,484 $61,965,466,667
1984 $4,440,874,566 $59,867,743,468
1983 $4,247,030,468 $67,556,279,070
1982 $4,145,421,080 $67,736,744,186
1981 $3,943,109,532 $66,327,441,860
1980 $3,493,834,468 $59,116,511,628
1979 $2,710,160,739 $48,310,930,233
1978 $2,272,042,965 $39,316,279,070
1977 $1,989,060,283 $36,210,697,674
1976 $1,581,709,519 $31,419,534,884
1975 $1,099,107,601 $27,464,651,163
1974 $1,042,176,884 $26,100,930,233
1973 $761,132,545 $17,035,581,395
1972 $534,081,184 $13,977,727,273
1971 $422,181,562 $12,986,590,909
1970 $391,577,364 $11,561,111,111
1969 - $10,285,111,111
1968 - $10,034,444,444
1967 - $9,250,000,000
1966 - $8,781,333,333
1965 - $8,427,777,778
1964 - $8,192,413,793
1963 - $9,608,717,288
1962 - $8,814,309,884
1961 - $8,067,267,031
1960 - $7,663,938,303

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

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

GDP per capita in Bahrain vs Venezuela by year

Bahrain
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $4,218 -
2023 $29,290 $64,171 $3,617 -
2022 $30,471 $61,678 $3,155 -
2021 $27,148 $54,955 $2,005 -
2020 $24,343 $53,436 $1,506 -
2019 $27,260 $56,600 $2,523 -
2018 $26,324 $51,993 $3,423 -
2017 $24,785 $50,185 $3,791 -
2016 $23,800 $47,429 $3,670 -
2015 $23,734 $48,034 $4,103 -
2014 $26,452 $54,299 $7,096 -
2013 $26,990 $56,310 $8,656 -
2012 $26,439 $56,713 $12,607 -
2011 $25,033 $52,677 $10,844 $21,241
2010 $21,819 $49,255 $13,646 $20,236
2009 $19,465 $48,626 $11,597 $20,562
2008 $23,299 $50,330 $11,262 $21,402
2007 $20,908 $49,347 $8,332 $20,236
2006 $19,267 $48,009 $6,739 $18,399
2005 $17,966 $47,268 $5,432 $16,511
2004 $15,964 $46,317 $4,269 $14,757
2003 $14,486 $45,427 $3,230 $12,359
2002 $13,501 $45,091 $3,652 $13,375
2001 $13,573 $46,162 $4,920 $14,714
2000 $14,214 $45,688 $4,776 $14,174
1999 $12,123 $43,561 $4,071 $13,623
1998 $11,625 $42,281 $3,870 $14,568
1997 $12,255 $40,965 $3,711 $14,655
1996 $12,092 $40,106 $3,113 $13,824
1995 $11,901 $38,839 $3,487 $13,890
1994 $11,629 $37,579 $2,689 $13,370
1993 $11,152 $37,870 $2,825 $13,702
1992 $10,460 $33,648 $2,907 $13,652
1991 $10,434 $31,657 $2,633 $12,880
1990 $9,343 $26,902 $2,452 $11,628
1989 $8,833 - $2,250 -
1988 $8,772 - $3,191 -
1987 $8,333 - $2,611 -
1986 $7,777 - $3,376 -
1985 $9,649 - $3,549 -
1984 $10,697 - $3,520 -
1983 $10,599 - $4,079 -
1982 $10,712 - $4,202 -
1981 $10,557 - $4,228 -
1980 $9,733 - $3,874 -
1979 $7,891 - $3,257 -
1978 $6,926 - $2,727 -
1977 $6,358 - $2,585 -
1976 $5,310 - $2,309 -
1975 $3,880 - $2,078 -
1974 $3,874 - $2,034 -
1973 $2,981 - $1,367 -
1972 $2,206 - $1,155 -
1971 $1,830 - $1,106 -
1970 $1,742 - $1,015 -
1969 - - $932 -
1968 - - $938 -
1967 - - $893 -
1966 - - $876 -
1965 - - $869 -
1964 - - $874 -
1963 - - $1,060 -
1962 - - $1,007 -
1961 - - $954 -
1960 - - $939 -

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

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $4,218 in Venezuela, ranking 128/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Venezuela ranks 93rd at $21,241.

Economic indicators

Bahrain Venezuela
Gross domestic product
$47.1B
2024
$120B
2024
GDP rank
96/197
2024
65/197
2024
GDP growth
2.6%
2023-2024
5.3%
2023-2024
GDP per capita
$29,654
2024
$4,218
2024
GDP per capita rank
42/197
2024
128/197
2024
GDP per capita, PPP
$66,941
2024
$21,241
2011
GDP per capita PPP rank
26/197
2024
93/197
2011
Government debt
$62.8B
2024
$197B
2024
Debt-to-GDP ratio
133.4%
2024
164.3%
2024
Government debt per person
$39,552
2024
$6,931
2024
Government debt per person rank
14/185
2024
69/185
2024
Average annual personal income after taxes
$23,253
2026
$3,792
2026
Market capitalization of domestic companies
$20.4B
2024
$3.98B
2002
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
33.2%
2006
Income share by poorest 10% n/a
1.2%
2006
Government expenditure, % of GDP
29.1%
2024
17.6%
2024
Consumer prices inflation
0.92%
2023-2024
49%
2023-2024
Central bank interest rate
4.25%
2025
58.4%
2025
Unemployment rate
1.2%
2012
7.53%
2020
Population
1669503
28661242

Spending and national debt comparison by year

Bahrain
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Bahrain Venezuela
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 17.6% 164.3%
2023 29.1% 123% 13.1% 138.5%
2022 28.4% 111.6% 15.1% 164.4%
2021 30.6% 122.3% 13.1% 254.2%
2020 34.6% 125.7% 11.2% 337%
2019 31.2% 97.1% 21% 206%
2018 32.1% 90.4% 37.9% 175.3%
2017 30.7% 84% 21.8% 133.6%
2016 33.3% 77.4% 19.7% 138.4%
2015 34.8% 63.2% 22.9% 129.8%
2014 27.3% 42.6% 31.6% 84.9%
2013 32% 42.3% 36.5% 85.4%
2012 31.1% 34.8% 38% 58.4%
2011 30.2% 31.6% 39.4% 52.5%
2010 31.1% 28.8% 31.1% 37.7%
2009 24.6% 20.5% 33.3% 27.6%
2008 22.7% 12.1% 34.9% 20.3%
2007 22.4% 15.7% 35.9% 26.4%
2006 23.1% 19.4% 39.3% 25.7%
2005 23.9% 23.2% 33.5% 34.9%
2004 25% 28.2% 31.9% 41.8%
2003 28.1% 31.1% 32.2% 56%
2002 30.6% 27.2% 31% 48.2%
2001 26.5% 25% 31.9% 30.7%
2000 22.2% 24.7% 28.3% 27.7%
1999 27.1% 24.7% 26.1% 29.6%
1998 25.7% 20% 28.8% 30.7%
1997 31% 14.8% 31% 34.8%
1996 22.7% 13.1% 27.7% 45.9%
1995 25.1% 13.6% 32.9% 45.9%
1994 26.1% 5.62% 42.2% 63.9%
1993 26.7% 5.95% 27.7% 57.7%
1992 29.4% 6.45% 30.6% 54.8%
1991 28.5% 6.71% 33.9% 62.2%
1990 32.4% 7.24% 31.9% 63.3%
1989 - - 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Venezuela spent $21.1B, or 17.6% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 164.3% in Venezuela, ranking 9/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Venezuela
1x
Year Deficit/surplus, % of GDP
Bahrain Venezuela
2024 -10.6% -3.6%
2023 -9.67% -1.25%
2022 -6.02% -5.29%
2021 -10.6% -5.85%
2020 -17.3% -6.63%
2019 -8.57% -10.9%
2018 -11.3% -31%
2017 -13.4% -13.3%
2016 -16.6% -8.46%
2015 -17.5% -8.06%
2014 -3.32% -9.81%
2013 -8.55% -10.4%
2012 -5.77% -9.86%
2011 -4.9% -8.24%
2010 -9.29% -4.74%
2009 -5.36% -8.69%
2008 4.08% -3.46%
2007 1.52% -2.82%
2006 2.24% -1.6%
2005 2.8% 4.09%
2004 0.24% 2.47%
2003 -1.7% 0.17%
2002 -3.27% -1.48%
2001 0.7% -4.59%
2000 7.33% 4.45%
1999 -4.85% 0.74%
1998 -5.49% -4.49%
1997 -6.39% 2.58%
1996 0.24% 7.94%
1995 -3.99% -5.86%
1994 -5.18% -11.2%
1993 -2.77% -2.92%
1992 -5.41% -6.37%
1991 -3.47% -2.28%
1990 -6.79% 3.84%
1989 - -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bahrain/venezuela | 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 Venezuela's deficit of $4.31B, or 3.6% of GDP.

Over the past 35 years, Bahrain recorded a fiscal deficit in 27 of those years, while Venezuela ran a deficit in 27 years. On average, Bahrain posted an annual deficit equal to 5.39% of GDP, compared to deficit of 4.77% of GDP for Venezuela.

Inflation comparison by year

Inflation
Bahrain

Venezuela
1x
Year Consumer prices inflation
Bahrain Venezuela
2024 0.92% 49%
2023 0.07% 338%
2022 3.63% 186.5%
2021 -0.61% 1,589%
2020 -2.32% 2,355%
2019 1.01% 19,906%
2018 2.09% 65,374%
2017 1.39% 438%
2016 2.79% 254.9%
2015 1.85% 121.7%
2014 2.65% 62.2%
2013 3.3% 40.6%
2012 2.76% 21.1%
2011 -0.4% 26.1%
2010 1.96% 28.2%
2009 2.8% 26%
2008 3.53% 31.4%
2007 3.26% 18.7%
2006 2.01% 13.7%
2005 2.59% 16%
2004 2.35% 21.7%
2003 1.59% 31.1%
2002 -0.5% 22.4%
2001 -1.21% 12.5%
2000 -0.7% 16.2%
1999 -1.29% 23.6%
1998 -0.37% 35.8%
1997 2.43% 50%

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

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

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 3,254% in Venezuela. In 2024, inflation was 0.92% in Bahrain and 49% in Venezuela.

Top exports between countries

Bahrain
Export category Export value
Raw materials & minerals $115K
Venezuela
Export category Export value

Balance of trade

Bahrain Venezuela
Current account balance
$2.28B
2024
-$3.87B
2016
Current account balance ranking
44/190
2024
161/190
2016
Current account balance, % of GDP
+4.84%
2024
-3.43%
2016
Goods imports
$20.7B
2024
$16.3B
2016
Goods exports
$24.3B
2024
$27.4B
2016
Service imports
$12.4B
2024
$9.47B
2016
Service exports
$17B
2024
$1.28B
2016
Imports of goods and services, % of GDP
70.1%
2024
9.22%
2024
Exports of goods and services, % of GDP
87.7%
2024
16.9%
2024

Economic freedom indices

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

Bahrain Venezuela
Economic freedom 65.7 27.3
Economic freedom ranking 63/197 194/197
Property rights 60.9 0
Government integrity 45.9 6.9
Judicial effectiveness 30 5.1
Tax burden 99.9 73.4
Government spending 75 93
Fiscal health 0 29.1
Business freedom 75.9 31.1
Labor freedom 55.5 35.5
Monetary freedom 88.8 0
Trade freedom 86.8 43.2
Investment freedom 90 0
Financial freedom 80 10

Economic freedom comparison by year

Bahrain
Venezuela
1x
Year Economic freedom index
Bahrain Venezuela
2026 65.7 27.3
2025 65.6 27.6
2024 63.4 28.1
2023 62.5 25.8
2022 62 24.8
2021 69.9 24.7
2020 66.3 25.2
2019 66.4 25.9
2018 67.7 25.2
2017 68.5 27
2016 74.3 33.7
2015 73.4 34.3
2014 75.1 36.3
2013 75.5 36.1
2012 75.2 38.1
2011 77.7 37.6
2010 76.3 37.1
2009 74.8 39.9
2008 72.2 44.7
2007 71.2 47.9
2006 71.6 44.6
2005 71.2 45.2
2004 75.1 46.7
2003 76.3 54.8
2002 75.6 54.7
2001 75.9 54.6
2000 75.7 57.4
1999 75.2 56.1
1998 75.6 54
1997 76.1 52.8
1996 76.4 54.5
1995 76.2 59.8

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Venezuela
Services, % of GDP
53.2%
2024
51.7%
2014
Industry, % of GDP
42.3%
2024
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
5.03%
2014
GNI, Atlas method
$44.6B
2024
$109B
2024
GNI per capita, PPP
$62,230
2024
$20,800
2011
Total reserves including gold
$4.95B
2024
$9.79B
2017
Total reserves ranking
102/177
2024
77/177
2017
Net foreign direct investment
-$2.43B
2024
-$27M
2016
Net inflows of foreign direct investment
$2.7B
2024
$1.63B
2024
Net outflows of foreign direct investment
$275M
2024
$2.6B
2024
Poverty at national poverty lines n/a
33.1%
2015
Gross capital formation, % of GDP
28.4%
2024
4.9%
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/venezuela | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1997, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2022, retrieved 2026-02-08)

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.