household debts in the Bahamas

Gross debt in the Bahamas

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in the Bahamas in the period from 1998 to 2021 was between 1.4 billion and 10.2 billion USD. The highest level of the last years at ten billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 24,926 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,827 USD.

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Gross debt of the last 23 years in billion USD

YearBahamas totalBahamas per capitaEU per capita
19981.37 bn USD4,710 USD14,079 USD
19991.43 bn USD4,877 USD14,032 USD
20001.51 bn USD5,070 USD11,241 USD
20011.51 bn USD5,006 USD11,263 USD
20021.67 bn USD5,432 USD12,266 USD
20031.85 bn USD5,907 USD15,295 USD
20041.94 bn USD6,077 USD17,606 USD
20052.17 bn USD6,674 USD18,337 USD
20062.32 bn USD6,996 USD18,887 USD
20072.44 bn USD7,236 USD20,910 USD
20082.68 bn USD7,796 USD24,100 USD
20093.09 bn USD8,825 USD25,376 USD
20103.40 bn USD9,583 USD26,515 USD
20113.56 bn USD9,888 USD29,254 USD
20123.91 bn USD10,747 USD28,198 USD
20134.66 bn USD12,690 USD30,008 USD
20145.16 bn USD13,923 USD30,677 USD
20155.74 bn USD14,610 USD25,944 USD
20166.06 bn USD15,316 USD26,287 USD
20176.65 bn USD16,666 USD27,108 USD
20187.77 bn USD19,340 USD28,543 USD
20197.87 bn USD19,459 USD27,264 USD
20208.48 bn USD20,871 USD30,919 USD
202110.17 bn USD24,926 USD33,827 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Bahamas       European Union

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