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Economy of Bahrain vs Yemen compared: GDP & Debt

Updated on by Georank team

Bahrain has a GDP of $47.1B compared to $21.6B for Yemen, ranking 96/197 and 125/197 by economy size, respectively.

Bahrain has $62.8B in government debt (133.4% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Bahrain vs Yemen GDP by year

Bahrain
Yemen
1x
Year GDP, current $
Bahrain Yemen
2024 $47,109,734,309 -
2023 $46,192,260,638 -
2022 $46,458,191,489 -
2021 $40,840,212,766 -
2020 $35,837,632,979 -
2019 $40,446,808,511 -
2018 $39,567,978,723 $21,606,160,663
2017 $37,204,813,830 $26,842,229,045
2016 $33,884,680,851 $31,317,825,274
2015 $32,523,297,872 $42,444,490,074
2014 $34,772,526,596 $43,228,585,321
2013 $33,823,324,468 $40,415,233,436
2012 $31,963,404,255 $35,401,331,610
2011 $29,914,680,851 $32,726,417,878
2010 $26,805,984,043 $30,906,749,533
2009 $22,938,218,085 $25,130,278,213
2008 $25,710,904,255 $26,910,855,807
2007 $21,730,000,000 $21,650,528,674
2006 $18,504,760,638 $19,063,143,370
2005 $15,968,723,404 $16,731,566,717
2004 $13,150,159,574 $13,867,634,371
2003 $11,074,813,830 $11,777,532,662
2002 $9,593,510,638 $10,693,430,511
2001 $8,976,196,809 $9,852,990,693
2000 $9,062,898,936 $9,679,316,770
1999 $7,528,469,149 $7,639,325,296
1998 $7,031,309,043 $6,322,175,566
1997 $7,219,407,713 $6,838,298,531
1996 $6,938,166,755 $6,496,163,616
1995 $6,651,180,851 $12,796,345,679
1994 $6,330,627,926 $28,019,483,764
1993 $5,913,001,064 $21,736,802,664
1992 $5,402,232,447 $17,959,367,194
1991 $5,248,911,170 $14,665,445,462
1990 $4,809,511,005 $12,643,821,569
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/yemen | CC BY

GDP per capita in Bahrain vs Yemen by year

Bahrain
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bahrain Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,654 $66,941 - -
2023 $29,290 $64,171 - -
2022 $30,471 $61,678 - -
2021 $27,148 $54,955 - -
2020 $24,343 $53,436 - -
2019 $27,260 $56,600 - -
2018 $26,324 $51,993 $634 -
2017 $24,785 $50,185 $811 -
2016 $23,800 $47,429 $975 -
2015 $23,734 $48,034 $1,362 -
2014 $26,452 $54,299 $1,430 -
2013 $26,990 $56,310 $1,379 $3,164
2012 $26,439 $56,713 $1,245 $3,005
2011 $25,033 $52,677 $1,186 $3,113
2010 $21,819 $49,255 $1,155 $3,603
2009 $19,465 $48,626 $969 $3,411
2008 $23,299 $50,330 $1,072 $3,370
2007 $20,908 $49,347 $890 $3,294
2006 $19,267 $48,009 $810 $3,205
2005 $17,966 $47,268 $734 $3,113
2004 $15,964 $46,317 $628 $2,949
2003 $14,486 $45,427 $549 $2,844
2002 $13,501 $45,091 $513 $2,768
2001 $13,573 $46,162 $487 $2,702
2000 $14,214 $45,688 $493 $2,624
1999 $12,123 $43,561 $401 $2,492
1998 $11,625 $42,281 $343 $2,442
1997 $12,255 $40,965 $383 $2,351
1996 $12,092 $40,106 $375 $2,268
1995 $11,901 $38,839 $764 $2,201
1994 $11,629 $37,579 $1,735 $2,115
1993 $11,152 $37,870 $1,397 $2,013
1992 $10,460 $33,648 $1,198 $1,963
1991 $10,434 $31,657 $1,016 $1,843
1990 $9,343 $26,902 $910 $1,742
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).

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

Bahrain's GDP per capita is $29,654, ranking 42/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Bahrain ranks 26th at $66,941, while Yemen ranks 178th at $3,164.

Economic indicators

Bahrain Yemen
Gross domestic product
$47.1B
2024
$21.6B
2018
GDP rank
96/197
2024
125/197
2018
GDP growth
2.6%
2023-2024
0.75%
2017-2018
GDP per capita
$29,654
2024
$634
2018
GDP per capita rank
42/197
2024
191/197
2018
GDP per capita, PPP
$66,941
2024
$3,164
2013
GDP per capita PPP rank
26/197
2024
178/197
2013
Government debt
$62.8B
2024
$18.8B
2018
Debt-to-GDP ratio
133.4%
2024
70.9%
2024
Government debt per person
$39,552
2024
$551
2018
Government debt per person rank
14/185
2024
165/185
2018
Average annual personal income after taxes
$23,253
2026
$1,127
2026
Market capitalization of domestic companies
$20.4B
2024
n/a
Income share by richest 10% n/a
29.4%
2014
Income share by poorest 10% n/a
3%
2014
Government expenditure, % of GDP
29.1%
2024
8.91%
2024
Consumer prices inflation
0.92%
2023-2024
33.9%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
1.2%
2012
13.5%
2014
Population
1669503
43325643

Spending and national debt comparison by year

Bahrain
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Bahrain Yemen
Government spending Government debt Government spending Government debt
2024 29.1% 133.4% 8.91% 70.9%
2023 29.1% 123% 11.8% 77.9%
2022 28.4% 111.6% 12.2% 65.3%
2021 30.6% 122.3% 8.22% 75.9%
2020 34.6% 125.7% 10.6% 87%
2019 31.2% 97.1% 13.2% 91.5%
2018 32.1% 90.4% 14.3% 86.9%
2017 30.7% 84% 8.39% 83.8%
2016 33.3% 77.4% 16.1% 76.5%
2015 34.8% 63.2% 19.4% 57.7%
2014 27.3% 42.6% 27.8% 48.9%
2013 32% 42.3% 30.8% 48.4%
2012 31.1% 34.8% 36.2% 47.6%
2011 30.2% 31.6% 29.8% 45.7%
2010 31.1% 28.8% 30.2% 42.4%
2009 24.6% 20.5% 35.2% 49.8%
2008 22.7% 12.1% 41.2% 36.4%
2007 22.4% 15.7% 40.3% 40.4%
2006 23.1% 19.4% 37.4% 40.8%
2005 23.9% 23.2% 36.8% 43.8%
2004 25% 28.2% 34.2% 52.1%
2003 28.1% 31.1% 35.3% 56.8%
2002 30.6% 27.2% 30.8% 57.8%
2001 26.5% 25% 30.5% 60.6%
2000 22.2% 24.7% 31.7% 60.8%
1999 27.1% 24.7% 28.2% 96.1%
1998 25.7% 20% 34.3% 110.6%
1997 31% 14.8% 34.2% 74.2%
1996 22.7% 13.1% 30.7% 114.9%
1995 25.1% 13.6% 24.1% 84.1%
1994 26.1% 5.62% 25.2% 73.3%
1993 26.7% 5.95% 25.8% 76.7%
1992 29.4% 6.45% 24.6% 78%
1991 28.5% 6.71% 24.7% 82.7%
1990 32.4% 7.24% 26.6% 91.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Bahrain's government spending was $13.7B, accounting for 29.1% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 133.4% in Bahrain and 70.9% in Yemen, ranking 9/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Bahrain

Yemen
1x
Year Deficit/surplus, % of GDP
Bahrain Yemen
2024 -10.6% -2.48%
2023 -9.67% -5.63%
2022 -6.02% -2.15%
2021 -10.6% -0.89%
2020 -17.3% -4.3%
2019 -8.57% -5.89%
2018 -11.3% -7.85%
2017 -13.4% -4.9%
2016 -16.6% -8.51%
2015 -17.5% -8.75%
2014 -3.32% -4.14%
2013 -8.55% -6.9%
2012 -5.77% -6.32%
2011 -4.9% -4.51%
2010 -9.29% -4.06%
2009 -5.36% -10.2%
2008 4.08% -4.53%
2007 1.52% -7.18%
2006 2.24% 1.19%
2005 2.8% -1.82%
2004 0.24% -2.15%
2003 -1.7% -4.2%
2002 -3.27% -0.56%
2001 0.7% 2.79%
2000 7.33% 6.09%
1999 -4.85% 0.06%
1998 -5.49% -7.77%
1997 -6.39% -1.5%
1996 0.24% -0.92%
1995 -3.99% -5.74%
1994 -5.18% -14%
1993 -2.77% -12.8%
1992 -5.41% -10.9%
1991 -3.47% -5.76%
1990 -6.79% -10.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2018, Bahrain's government deficit, the difference between spending and revenue, was $4.46B, equivalent to 11.3% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Bahrain recorded a fiscal deficit in 21 of those years, while Yemen ran a deficit in 25 years. On average, Bahrain posted an annual deficit equal to 4.35% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Bahrain

Yemen
1x
Year Consumer prices inflation
Bahrain Yemen
2024 0.92% 33.9%
2023 0.07% 0.9%
2022 3.63% 29.5%
2021 -0.61% 31.5%
2020 -2.32% 21.7%
2019 1.01% 15.7%
2018 2.09% 33.6%
2017 1.39% 30.4%
2016 2.79% 21.3%
2015 1.85% 22%
2014 2.65% 8.2%
2013 3.3% 11%
2012 2.76% 9.9%
2011 -0.4% 19.5%
2010 1.96% 11.2%
2009 2.8% 3.7%
2008 3.53% 19%
2007 3.26% 7.9%
2006 2.01% 10.8%
2005 2.59% 9.9%
2004 2.35% 12.5%
2003 1.59% 10.8%
2002 -0.5% 12.2%
2001 -1.21% 11.9%
2000 -0.7% 11%
1999 -1.29% 7.9%
1998 -0.37% 11.5%
1997 2.43% 4.6%

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/yemen | CC BY

Over the past 28 years, Bahrain has recorded an average annual inflation rate of 1.34%, compared with 15.5% in Yemen. In 2024, inflation was 0.92% in Bahrain and 33.9% in Yemen.

Top exports between countries

Bahrain
Export category Export value
Chemicals & pharma $12.9M
Animal & marine products $9.68M
Processed food, beverages & tobacco $5.48M
Metals $3.19M
Machinery & equipment $1.31M
Raw materials & minerals $701K
Textiles & consumer goods $34K
Miscellaneous $20K
Wood & paper products $13K
Raw agricultural goods $4K
Yemen
Export category Export value
Animal & marine products $385K

Balance of trade

Bahrain Yemen
Current account balance
$2.28B
2024
-$2.42B
2016
Current account balance ranking
44/190
2024
148/190
2016
Current account balance, % of GDP
+4.84%
2024
-7.72%
2016
Goods imports
$20.7B
2024
$6.8B
2016
Goods exports
$24.3B
2024
$473M
2016
Service imports
$12.4B
2024
$1.46B
2016
Service exports
$17B
2024
$466M
2016
Imports of goods and services, % of GDP
70.1%
2024
47.3%
2018
Exports of goods and services, % of GDP
87.7%
2024
8.76%
2018

Economic freedom indices

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

Bahrain Yemen
Economic freedom 65.7 53.7
Economic freedom ranking 63/197 138/197
Property rights 60.9 3.5
Government integrity 45.9 6.2
Judicial effectiveness 30 9.9
Tax burden 99.9 93.7
Government spending 75 0
Fiscal health 0 71.2
Business freedom 75.9 31.3
Labor freedom 55.5 31.2
Monetary freedom 88.8 48.1
Trade freedom 86.8 67.4
Investment freedom 90 50
Financial freedom 80 30

Economic freedom comparison by year

Bahrain
Yemen
1x
Year Economic freedom index
Bahrain Yemen
2026 65.7 -
2025 65.6 -
2024 63.4 -
2023 62.5 -
2022 62 -
2021 69.9 -
2020 66.3 -
2019 66.4 -
2018 67.7 -
2017 68.5 -
2016 74.3 -
2015 73.4 53.7
2014 75.1 55.5
2013 75.5 55.9
2012 75.2 55.3
2011 77.7 54.2
2010 76.3 54.4
2009 74.8 56.9
2008 72.2 53.8
2007 71.2 54.1
2006 71.6 52.6
2005 71.2 53.8
2004 75.1 50.5
2003 76.3 50.3
2002 75.6 48.6
2001 75.9 44.3
2000 75.7 44.5
1999 75.2 43.3
1998 75.6 46.1
1997 76.1 48.4
1996 76.4 49.6
1995 76.2 49.8

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

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

The Economic Freedom Index for Bahrain is 65.7, ranking 63/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bahrain Yemen
Services, % of GDP
53.2%
2024
41.8%
2018
Industry, % of GDP
42.3%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
0.25%
2024
28.7%
2018
GNI, Atlas method
$44.6B
2024
$25.3B
2018
GNI per capita, PPP
$62,230
2024
$3,020
2013
Total reserves including gold
$4.95B
2024
$1.25B
2022
Total reserves ranking
102/177
2024
139/177
2022
Net foreign direct investment
-$2.43B
2024
$15.4M
2015
Net inflows of foreign direct investment
$2.7B
2024
-$371M
2019
Net outflows of foreign direct investment
$275M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines n/a
48.6%
2014
Gross capital formation, % of GDP
28.4%
2024
6.18%
2018

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/yemen | 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 (2015–2023, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.