Bahamas, The Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Bahamas, The's government debt to gdp was 74.07% in 2025, ranked 46th globally. This represents a 0.3% increase from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Bahamas, The's government debt to gdp stood at 74.07% in 2025, a rise of +0.26% from 2024. The IMF projects 74.07% by 2025. Bahamas, The ranked 46th globally.
Bahamas’ government debt-to‑GDP ratio has risen sharply from an all‑time trough of 13.22 % in 1990 to an all‑time peak of 90.66 % in 2021, before easing to 74.07 % in 2025, placing the country 46th globally. The steep ascent reflects the fiscal pressures of the COVID‑19 pandemic and the associated contraction in tourism‑linked revenues, while the modest post‑peak decline suggests a gradual fiscal consolidation as the sector recovers. Compared with peers of similar rank, the Bahamas’ ratio is close to Hungary’s 74.76 % and Gambia’s 74.43 % in the same year, indicating that its debt burden now mirrors that of middle‑income economies rather than small island states with historically lower leverage. The 36‑year coverage shows a long‑term upward trajectory, but the recent pull‑back hints at a possible plateau. Continued improvement in tourism demand and disciplined public‑financing reforms will be critical to sustain the downward trend and prevent a reversal toward the 2021 peak.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 66.28% | - | - |
| 2029* IMF | 68.31% | - | - |
| 2028* IMF | 70.28% | - | - |
| 2027* IMF | 71.74% | - | - |
| 2026* IMF | 72.88% | - | - |
| 2025* IMF | 74.07% | - | - |
| 2025 | 74.07% | +0.26% | #46 |
| 2024 | 73.81% | −4.48% | #142 |
| 2023 | 78.29% | −6.37% | #142 |
| 2022 | 84.66% | −6.01% | #155 |
| 2021 | 90.66% | +18.74% | #159 |
| 2020 | 71.93% | +11.61% | #124 |
| 2019 | 60.31% | −1.20% | #129 |
| 2018 | 61.51% | +6.86% | #130 |
| 2017 | 54.65% | +3.59% | #112 |
| 2016 | 51.06% | +1.12% | #107 |
| 2015 | 49.94% | +2.19% | #106 |
| 2014 | 47.75% | +3.50% | #117 |
| 2013 | 44.25% | +6.66% | #115 |
| 2012 | 37.59% | +2.33% | #99 |
| 2011 | 35.26% | +1.38% | #86 |
Detected Pattern
Analysis
Bahamas, The matched the Fiscal Dominance Trap pattern in 1981. Historically, 72% of countries showing this pattern (278 out of 386) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Bahamas, The's government debt to gdp was 74.07% in 2025. Ranked 46th globally. This represents a 0.3% increase from the previous year.
Bahamas, The's government debt to gdp peaked at 90.66% in 2021.
The lowest government debt to gdp in Bahamas, The was 13.22% in 1990.
Bahamas, The ranks 46th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Bahamas, The's government debt to gdp is projected to reach 74.07% by 2025 based on IMF projection.
The government debt to gdp of Bahamas, The in 2025 was 74.07%. This ranks 46th in the world.
Cite this page
@misc{historysaid_bahamas-the_government-debt-to-gdp,
title = {Bahamas, The Government Debt to GDP},
url = {https://historysaid.com/bahamas-the/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}