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Economy of Bahrain vs Vietnam compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $476B for Vietnam, ranking 96/197 and 33/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $149B (31.3% of GDP) in Vietnam.

Bahrain vs Vietnam GDP by year

Bahrain
Vietnam
1x
Year GDP, current $
Bahrain Vietnam
2024 $47,109,734,309 $476,388,230,307
2023 $46,192,260,638 $433,857,681,378
2022 $46,458,191,489 $413,445,230,669
2021 $40,840,212,766 $366,474,752,771
2020 $35,837,632,979 $346,615,738,538
2019 $40,446,808,511 $334,365,270,497
2018 $39,567,978,723 $310,106,478,395
2017 $37,204,813,830 $281,353,605,987
2016 $33,884,680,851 $257,096,001,178
2015 $32,523,297,872 $239,258,328,382
2014 $34,772,526,596 $233,451,469,643
2013 $33,823,324,468 $213,708,811,665
2012 $31,963,404,255 $195,590,661,129
2011 $29,914,680,851 $172,595,049,184
2010 $26,805,984,043 $147,201,173,197
2009 $22,938,218,085 $106,014,659,565
2008 $25,710,904,255 $99,130,304,099
2007 $21,730,000,000 $77,414,425,532
2006 $18,504,760,638 $66,371,664,817
2005 $15,968,723,404 $57,633,255,738
2004 $13,150,159,574 $45,427,854,693
2003 $11,074,813,830 $39,552,513,232
2002 $9,593,510,638 $35,064,105,501
2001 $8,976,196,809 $32,685,198,809
2000 $9,062,898,936 $31,172,518,403
1999 $7,528,469,149 $28,683,659,007
1998 $7,031,309,043 $27,209,602,050
1997 $7,219,407,713 $26,843,700,442
1996 $6,938,166,755 $24,657,470,575
1995 $6,651,180,851 $20,736,164,459
1994 $6,330,627,926 $16,286,433,533
1993 $5,913,001,064 $13,180,953,598
1992 $5,402,232,447 $9,866,990,236
1991 $5,248,911,170 $9,613,369,520
1990 $4,809,511,005 $6,471,740,806
1989 $4,393,093,963 $6,293,304,975
1988 $4,209,834,173 $25,423,812,649
1987 $3,856,922,694 $36,658,108,850
1986 $3,470,746,843 $26,336,616,250
1985 $4,152,376,484 $14,094,687,821
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/vietnam | CC BY

GDP per capita in Bahrain vs Vietnam by year

Bahrain
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 $4,717 $16,386
2023 $29,290 $64,171 $4,323 $15,034
2022 $30,471 $61,678 $4,148 $13,905
2021 $27,148 $54,955 $3,704 $12,049
2020 $24,343 $53,436 $3,534 $11,609
2019 $27,260 $56,600 $3,441 $11,029
2018 $26,324 $51,993 $3,222 $10,010
2017 $24,785 $50,185 $2,956 $9,170
2016 $23,800 $47,429 $2,735 $8,375
2015 $23,734 $48,034 $2,578 $7,672
2014 $26,452 $54,299 $2,546 $7,297
2013 $26,990 $56,310 $2,360 $6,758
2012 $26,439 $56,713 $2,185 $6,377
2011 $25,033 $52,677 $1,951 $5,786
2010 $21,819 $49,255 $1,683 $5,389
2009 $19,465 $48,626 $1,226 $5,061
2008 $23,299 $50,330 $1,164 $4,844
2007 $20,908 $49,347 $926 $4,581
2006 $19,267 $48,009 $808 $4,237
2005 $17,966 $47,268 $711 $3,894
2004 $15,964 $46,317 $565 $3,543
2003 $14,486 $45,427 $497 $3,240
2002 $13,501 $45,091 $445 $3,002
2001 $13,573 $46,162 $419 $2,809
2000 $14,214 $45,688 $404 $2,614
1999 $12,123 $43,561 $376 $2,421
1998 $11,625 $42,281 $361 $2,308
1997 $12,255 $40,965 $362 $2,189
1996 $12,092 $40,106 $337 $2,019
1995 $11,901 $38,839 $287.8 $1,841
1994 $11,629 $37,579 $229.9 $1,674
1993 $11,152 $37,870 $189.4 $1,534
1992 $10,460 $33,648 $144.5 $1,413
1991 $10,434 $31,657 $143.7 $1,298
1990 $9,343 $26,902 $98.8 $1,210
1989 $8,833 - $98.1 -
1988 $8,772 - $405 -
1987 $8,333 - $595 -
1986 $7,777 - $436 -
1985 $9,649 - $238.6 -
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/vietnam | CC BY

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $4,717 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Vietnam ranks 108th at $16,386.

Economic indicators

Bahrain Vietnam
Gross domestic product
$47.1B
2024
$476B
2024
GDP rank
96/197
2024
33/197
2024
GDP growth
2.6%
2023-2024
7.09%
2023-2024
GDP per capita
$29,654
2024
$4,717
2024
GDP per capita rank
42/197
2024
122/197
2024
GDP per capita, PPP
$66,941
2024
$16,386
2024
GDP per capita PPP rank
26/197
2024
108/197
2024
Government debt
$62.8B
2024
$149B
2024
Debt-to-GDP ratio
133.4%
2024
31.3%
2024
Government debt per person
$39,552
2024
$1,475
2024
Government debt per person rank
14/185
2024
132/185
2024
Average annual personal income after taxes
$23,253
2026
$4,020
2026
Market capitalization of domestic companies
$20.4B
2024
$205B
2024
Number of billionaires n/a
5
2025
Income share by richest 10% n/a
28.1%
2022
Income share by poorest 10% n/a
2.6%
2022
Government expenditure, % of GDP
29.1%
2024
19.1%
2024
Consumer prices inflation
0.92%
2023-2024
3.6%
2023-2024
Central bank interest rate
4.25%
2025
4.5%
2023
Unemployment rate
1.2%
2012
1.53%
2024
Population
1669503
102365351

Spending and national debt comparison by year

Bahrain
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Bahrain Vietnam
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 19.1% 31.3%
2023 29.1% 123% 18.8% 34.3%
2022 28.4% 111.6% 18.2% 34.9%
2021 30.6% 122.3% 20.1% 39.2%
2020 34.6% 125.7% 21.3% 41.3%
2019 31.2% 97.1% 19.8% 41%
2018 32.1% 90.4% 20.5% 43.8%
2017 30.7% 84% 21.5% 46.6%
2016 33.3% 77.4% 22.2% 47.9%
2015 34.8% 63.2% 24.2% 46.1%
2014 27.3% 42.6% 22.8% 43.6%
2013 32% 42.3% 24.5% 41.4%
2012 31.1% 34.8% 23.5% 38.3%
2011 30.2% 31.6% 21.2% 36.2%
2010 31.1% 28.8% 23.7% 37.3%
2009 24.6% 20.5% 25% 36.2%
2008 22.7% 12.1% 21.4% 31%
2007 22.4% 15.7% 22.3% 32.2%
2006 23.1% 19.4% 20.5% 30.2%
2005 23.9% 23.2% 20.6% 28.7%
2004 25% 28.2% 19.4% 29.4%
2003 28.1% 31.1% 22.2% 29.8%
2002 30.6% 27.2% 19.7% 27.7%
2001 26.5% 25% 19.2% 25.4%
2000 22.2% 24.7% 17.8% 24.8%
1999 27.1% 24.7% 16.7% -
1998 25.7% 20% 16% -
1997 31% 14.8% - -
1996 22.7% 13.1% - -
1995 25.1% 13.6% - -
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/vietnam | CC BY

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Vietnam spent $91.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 31.3% in Vietnam, ranking 9/185 and 156/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Vietnam
1x
Year Deficit/surplus, % of GDP
Bahrain Vietnam
2024 -10.6% -1.54%
2023 -9.67% -1.72%
2022 -6.02% 0.67%
2021 -10.6% -1.43%
2020 -17.3% -2.86%
2019 -8.57% -0.4%
2018 -11.3% -1.02%
2017 -13.4% -1.96%
2016 -16.6% -3.16%
2015 -17.5% -4.98%
2014 -3.32% -5.02%
2013 -8.55% -5.96%
2012 -5.77% -5.46%
2011 -4.9% -0.9%
2010 -9.29% -2.25%
2009 -5.36% -4.82%
2008 4.08% -0.45%
2007 1.52% -1.74%
2006 2.24% 0.2%
2005 2.8% -0.95%
2004 0.24% -0.15%
2003 -1.7% -2.56%
2002 -3.27% -1.85%
2001 0.7% -2.19%
2000 7.33% -1.61%
1999 -4.85% -1.25%
1998 -5.49% -0.1%
1997 -6.39% -
1996 0.24% -
1995 -3.99% -
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/vietnam | 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 Vietnam's deficit of $7.32B, or 1.54% of GDP.

Over the past 27 years, Bahrain recorded a fiscal deficit in 20 of those years, while Vietnam ran a deficit in 25 years. On average, Bahrain posted an annual deficit equal to 5.74% of GDP, compared to deficit of 2.05% of GDP for Vietnam.

Inflation comparison by year

Inflation
Bahrain

Vietnam
1x
Year Consumer prices inflation
Bahrain Vietnam
2024 0.92% 3.6%
2023 0.07% 3.3%
2022 3.63% 3.2%
2021 -0.61% 1.8%
2020 -2.32% 3.2%
2019 1.01% 2.8%
2018 2.09% 3.5%
2017 1.39% 3.5%
2016 2.79% 2.7%
2015 1.85% 0.6%
2014 2.65% 4.1%
2013 3.3% 6.6%
2012 2.76% 9.1%
2011 -0.4% 18.7%
2010 1.96% 9.1%
2009 2.8% 6.7%
2008 3.53% 23.3%
2007 3.26% 8.4%
2006 2.01% 7.7%
2005 2.59% 8.3%
2004 2.35% 7.8%
2003 1.59% 3.1%
2002 -0.5% 3.8%
2001 -1.21% -0.4%
2000 -0.7% -1.8%
1999 -1.29% 4.1%
1998 -0.37% 8.1%
1997 2.43% 3.1%

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/vietnam | CC BY

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 5.64% in Vietnam. In 2024, inflation was 0.92% in Bahrain and 3.6% in Vietnam.

Top exports between countries

Bahrain
Export category Export value
Metals $7.23M
Machinery & equipment $5.86M
Animal & marine products $617K
Textiles & consumer goods $401K
Raw materials & minerals $147K
Raw agricultural goods $30K
Chemicals & pharma $27K
Processed food, beverages & tobacco $14K
Vietnam
Export category Export value

Balance of trade

Bahrain Vietnam
Current account balance
$2.28B
2024
$28B
2024
Current account balance ranking
44/190
2024
18/190
2024
Current account balance, % of GDP
+4.84%
2024
+5.89%
2024
Goods imports
$20.7B
2024
$362B
2024
Goods exports
$24.3B
2024
$406B
2024
Service imports
$12.4B
2024
$36.2B
2024
Service exports
$17B
2024
$23.9B
2024
Imports of goods and services, % of GDP
70.1%
2024
83.7%
2024
Exports of goods and services, % of GDP
87.7%
2024
90.2%
2024

Economic freedom indices

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

Bahrain Vietnam
Economic freedom 65.7 64.4
Economic freedom ranking 63/197 73/197
Property rights 60.9 47.3
Government integrity 45.9 39.2
Judicial effectiveness 30 31.3
Tax burden 99.9 80.9
Government spending 75 89.5
Fiscal health 0 96.9
Business freedom 75.9 70
Labor freedom 55.5 54.7
Monetary freedom 88.8 73.2
Trade freedom 86.8 79.8
Investment freedom 90 60
Financial freedom 80 50

Economic freedom comparison by year

Bahrain
Vietnam
1x
Year Economic freedom index
Bahrain Vietnam
2026 65.7 64.4
2025 65.6 65.2
2024 63.4 62.8
2023 62.5 61.8
2022 62 60.6
2021 69.9 61.7
2020 66.3 58.8
2019 66.4 55.3
2018 67.7 53.1
2017 68.5 52.4
2016 74.3 54
2015 73.4 51.7
2014 75.1 50.8
2013 75.5 51
2012 75.2 51.3
2011 77.7 51.6
2010 76.3 49.8
2009 74.8 51
2008 72.2 50.4
2007 71.2 49.8
2006 71.6 50.5
2005 71.2 48.1
2004 75.1 46.1
2003 76.3 46.2
2002 75.6 45.6
2001 75.9 44.3
2000 75.7 43.7
1999 75.2 42.7
1998 75.6 40.4
1997 76.1 38.6
1996 76.4 40.2
1995 76.2 41.7

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Vietnam
Services, % of GDP
53.2%
2024
42.4%
2024
Industry, % of GDP
42.3%
2024
37.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
11.9%
2024
GNI, Atlas method
$44.6B
2024
$454B
2024
GNI per capita, PPP
$62,230
2024
$15,850
2024
Total reserves including gold
$4.95B
2024
$83.1B
2024
Total reserves ranking
102/177
2024
30/177
2024
Net foreign direct investment
-$2.43B
2024
-$19.6B
2024
Net inflows of foreign direct investment
$2.7B
2024
$20.2B
2024
Net outflows of foreign direct investment
$275M
2024
$600M
2024
Servicing debt to the IMF, % of GNI n/a
7.29%
2024
Poverty at national poverty lines n/a
4.2%
2022
Gross capital formation, % of GDP
28.4%
2024
30.6%
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/vietnam | 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 (2022–2023, 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.