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Economy of Bangladesh vs Bulgaria compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $113B for Bulgaria, ranking 36/197 and 67/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $27.3B (24.1% of GDP) in Bulgaria.

Bangladesh vs Bulgaria GDP by year

Bangladesh
Bulgaria
1x
Year GDP, current $
Bangladesh Bulgaria
2024 $450,119,432,069 $113,343,355,780
2023 $437,415,333,018 $102,199,231,385
2022 $460,131,689,083 $90,506,153,294
2021 $416,271,647,911 $84,374,613,233
2020 $373,979,442,362 $70,486,877,546
2019 $351,231,654,604 $68,507,731,354
2018 $321,362,752,442 $66,097,226,262
2017 $293,732,446,625 $59,167,647,388
2016 $265,224,515,675 $53,929,397,039
2015 $195,146,608,978 $50,765,918,159
2014 $172,886,611,654 $57,080,897,012
2013 $149,998,957,434 $55,819,262,375
2012 $133,310,747,603 $54,297,052,002
2011 $128,607,482,310 $57,681,293,007
2010 $115,275,540,051 $50,689,051,382
2009 $102,475,158,191 $52,023,801,230
2008 $91,636,997,371 $54,480,684,188
2007 $79,611,644,975 $44,431,257,129
2006 $71,795,736,172 $34,380,536,496
2005 $69,476,001,239 $29,868,657,858
2004 $65,108,544,250 $26,157,743,369
2003 $60,158,929,188 $21,144,957,990
2002 $54,724,081,491 $16,403,043,850
2001 $53,991,289,844 $14,183,446,026
2000 $53,369,787,319 $13,245,990,274
1999 $51,270,569,884 $13,637,098,579
1998 $49,984,559,471 $15,031,055,047
1997 $48,244,309,133 $11,316,127,379
1996 $46,438,484,108 $12,294,964,838
1995 $37,939,748,769 $18,991,484,420
1994 $33,768,660,883 $9,709,240,034
1993 $33,166,519,418 $10,832,064,942
1992 $31,708,874,594 $8,602,887,623
1991 $30,957,483,950 $7,628,738,475
1990 $31,598,340,778 $20,632,090,909
1989 $28,781,715,189 $21,988,444,444
1988 $26,579,005,558 $22,555,941,176
1987 $24,298,032,258 $28,101,000,000
1986 $21,774,033,333 $20,249,294,118
1985 $22,278,423,077 $17,155,421,053
1984 $18,920,840,000 $17,594,944,444
1983 $17,609,048,822 $16,563,666,667
1982 $18,525,399,202 $19,342,000,000
1981 $20,249,694,002 $19,870,000,000
1980 $18,138,049,096 $19,839,230,769
1979 $15,565,480,322 -
1978 $13,281,767,143 -
1977 $9,651,149,302 -
1976 $10,117,113,333 -
1975 $19,448,348,073 -
1974 $12,512,460,520 -
1973 $8,086,725,729 -
1972 $6,288,245,867 -
1971 $8,751,843,188 -
1970 $8,992,722,167 -
1969 $8,471,006,438 -
1968 $7,483,685,771 -
1967 $7,253,575,688 -
1966 $6,439,687,854 -
1965 $5,906,636,792 -
1964 $5,386,054,833 -
1963 $5,319,458,563 -
1962 $5,081,413,542 -
1961 $4,817,580,375 -
1960 $4,274,894,083 -

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

GeoRank.org/economy/bangladesh/bulgaria | CC BY

GDP per capita in Bangladesh vs Bulgaria by year

Bangladesh
GDP per capita

GDP per capita, PPP
Bulgaria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Bulgaria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $17,596 $41,969
2023 $2,551 $9,148 $15,853 $38,829
2022 $2,716 $8,451 $13,999 $36,320
2021 $2,483 $7,441 $12,966 $30,959
2020 $2,249 $6,641 $10,760 $27,352
2019 $2,130 $6,047 $10,354 $26,766
2018 $1,965 $5,490 $9,849 $23,998
2017 $1,811 $4,883 $8,697 $22,317
2016 $1,649 $4,579 $7,822 $20,746
2015 $1,224 $4,212 $7,269 $18,896
2014 $1,094 $3,973 $8,070 $17,991
2013 $958 $3,691 $7,796 $16,894
2012 $860 $3,434 $7,432 $16,327
2011 $837 $3,051 $7,850 $15,747
2010 $757 $2,834 $6,854 $14,954
2009 $679 $2,675 $6,988 $14,188
2008 $613 $2,555 $7,271 $14,347
2007 $538 $2,388 $5,889 $12,822
2006 $490 $2,195 $4,523 $11,406
2005 $480 $2,020 $3,900 $10,291
2004 $456 $1,862 $3,390 $9,200
2003 $427 $1,746 $2,719 $8,416
2002 $394 $1,659 $2,093 $7,786
2001 $395 $1,598 $1,771 $6,960
2000 $397 $1,512 $1,621 $6,424
1999 $388 $1,430 $1,661 $5,808
1998 $386 $1,373 $1,820 $6,178
1997 $379 $1,315 $1,361 $5,751
1996 $372 $1,261 $1,470 $6,849
1995 $309 $1,206 $2,259 $7,743
1994 $280.6 $1,145 $1,150 $7,338
1993 $280.8 $1,099 $1,279 $7,032
1992 $273.5 $1,045 $1,007 $6,917
1991 $272.1 $987 $884 $7,215
1990 $283.1 $941 $2,367 $7,548
1989 $263 - $2,477 -
1988 $247.9 - $2,511 -
1987 $231.5 - $3,132 -
1986 $212.1 - $2,260 -
1985 $222.2 - $1,915 -
1984 $193.4 - $1,964 -
1983 $184.7 - $1,853 -
1982 $199.6 - $2,169 -
1981 $224.2 - $2,235 -
1980 $206.1 - $2,239 -
1979 $181.1 - - -
1978 $158.3 - - -
1977 $117.9 - - -
1976 $126.7 - - -
1975 $249.8 - - -
1974 $165 - - -
1973 $109.7 - - -
1972 $87.8 - - -
1971 $124.5 - - -
1970 $130.2 - - -
1969 $125.9 - - -
1968 $114.4 - - -
1967 $114.2 - - -
1966 $104.4 - - -
1965 $98.6 - - -
1964 $92.6 - - -
1963 $94.1 - - -
1962 $92.6 - - -
1961 $90.4 - - -
1960 $82.5 - - -

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

GeoRank.org/economy/bangladesh/bulgaria | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $17,596 in Bulgaria, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Bulgaria ranks 54th at $41,969.

Economic indicators

Bangladesh Bulgaria
Gross domestic product
$450B
2024
$113B
2024
GDP rank
36/197
2024
67/197
2024
GDP growth
4.22%
2023-2024
3.39%
2023-2024
GDP per capita
$2,593
2024
$17,596
2024
GDP per capita rank
146/197
2024
64/197
2024
GDP per capita, PPP
$9,647
2024
$41,969
2024
GDP per capita PPP rank
135/197
2024
54/197
2024
Government debt
$184B
2024
$27.3B
2024
Debt-to-GDP ratio
41%
2024
24.1%
2024
Government debt per person
$1,063
2024
$4,237
2024
Government debt per person rank
139/185
2024
90/185
2024
Average annual personal income after taxes
$2,222
2026
$14,263
2026
Market capitalization of domestic companies
$87.9B
2024
$8.41B
2024
Number of billionaires n/a
2
2025
Income share by richest 10%
25.5%
2022
31.1%
2023
Income share by poorest 10%
3.7%
2022
2.1%
2023
Government expenditure, % of GDP
12%
2024
36.7%
2024
Consumer prices inflation
9.7%
2023-2024
2.6%
2023-2024
Central bank interest rate
10%
2024
1.81%
2025
Unemployment rate
3.64%
2024
4.17%
2024
Population
178415186
6359449

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Bulgaria
Spending

Debt
1x
Year % of GDP
Bangladesh Bulgaria
Government spending Government debt Government spending Government debt
2024 12% 41% 36.7% 24.1%
2023 12.6% 39.7% 37.4% 22.9%
2022 13% 37.9% 37.6% 22.5%
2021 12.9% 35.6% 38.4% 23.8%
2020 13.3% 34.5% 37.6% 22.7%
2019 13.6% 32% 36% 18.4%
2018 13% 29.6% 34.4% 20.1%
2017 12.2% 28.3% 32% 22.9%
2016 11.6% 27.7% 32.7% 27%
2015 11.5% 28.2% 37.3% 25.4%
2014 11.7% 28.7% 37.1% 26.3%
2013 12.1% 28.3% 35.5% 17.2%
2012 11.7% 29.1% 32.5% 16.5%
2011 11.5% 29.4% 32% 14.3%
2010 10.6% 29.6% 34.6% 14.1%
2009 10.6% 33% 33.8% 14.5%
2008 11.5% 33.9% 33.5% 14.7%
2007 9.63% 35% 33.1% 17.6%
2006 10.1% 35.3% 32.5% 22.6%
2005 10.3% 35.6% 34% 28.5%
2004 9.88% 36.6% 34.6% 37.8%
2003 10.2% 37% 35.8% 45.4%
2002 10.4% 38.9% 35.1% 53.4%
2001 10.7% 37.1% 36.5% 67.1%
2000 9.76% 31.2% 37.1% 73.3%
1999 8.66% 32.7% 36.2% 78.7%
1998 9.82% 31.1% 30.6% 67.3%
1997 9.89% 29.1% 32.9% 88.4%
1996 9.79% 31% 44% 113.8%
1995 10.5% 32.9% 45.4% 72%
1994 10% 35.5% - -
1993 9.74% 34.1% - -
1992 8.8% 33.1% - -
1991 8.86% 31.8% - -
1990 9.14% 31.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/bulgaria | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Bulgaria spent $41.5B, or 36.7% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 24.1% in Bulgaria, ranking 131/185 and 169/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Bulgaria
1x
Year Deficit/surplus, % of GDP
Bangladesh Bulgaria
2024 -3.69% -3.04%
2023 -4.39% -3.03%
2022 -4.53% -0.8%
2021 -3.56% -2.8%
2020 -4.84% -2.92%
2019 -5.41% -0.96%
2018 -4.07% 0.12%
2017 -4.17% 0.82%
2016 -3.16% 1.54%
2015 -3.29% -2.77%
2014 -2.62% -3.65%
2013 -2.86% -1.75%
2012 -2.56% -0.43%
2011 -2.96% -1.83%
2010 -2.23% -3.77%
2009 -2.68% -0.86%
2008 -3.36% 2.73%
2007 -1.86% 3.09%
2006 -2.15% 3.22%
2005 -2.4% 2.19%
2004 -2.21% 1.59%
2003 -1.96% 0.003%
2002 -2.3% -0.61%
2001 -3.44% -0.58%
2000 -2.5% -0.6%
1999 -1.35% 0.15%
1998 -2.2% 1.08%
1997 -1.94% 0.83%
1996 -2.01% -10.1%
1995 -0.38% -7.98%
1994 0.03% -
1993 0.43% -
1992 0.36% -
1991 0.44% -
1990 -0.15% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - 0%
1943 - 0%
1942 - -0.3%
1941 - 3.96%
1940 - 0.75%
1939 - 0.72%
1938 - 1%
1937 - 1.41%
1936 - 1.17%
1935 - 1.34%
1934 - -0.12%
1933 - -0.56%
1932 - -2.14%
1931 - -3.07%
1930 - -5.48%
1929 - -6.67%
1928 - -1.09%
1927 - -0.02%
1926 - -0.25%
1925 - -0.97%
1924 - 1.26%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/bulgaria | CC BY

In 2024, Bangladesh's government deficit, the difference between spending and revenue, was $16.6B, equivalent to 3.69% of GDP. This compares to Bulgaria's deficit of $3.44B, or 3.04% of GDP.

Over the past 30 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Bulgaria ran a deficit in 18 years. On average, Bangladesh posted an annual deficit equal to 2.9% of GDP, compared to deficit of 1.04% of GDP for Bulgaria.

Inflation comparison by year

Inflation
Bangladesh

Bulgaria
1x
Year Consumer prices inflation
Bangladesh Bulgaria
2024 9.7% 2.6%
2023 9% 8.6%
2022 6.1% 13%
2021 5.6% 2.8%
2020 5.6% 1.2%
2019 5.5% 2.5%
2018 5.8% 2.6%
2017 5.4% 1.2%
2016 5.9% -1.3%
2015 6.4% -1.1%
2014 7.3% -1.6%
2013 6.8% 0.4%
2012 8.9% 2.4%
2011 8.8% 3.4%
2010 7.3% 3%
2009 6.7% 2.5%
2008 9.9% 12%
2007 7.2% 7.6%
2006 7.2% 7.4%
2005 6.5% 6%
2004 8.1% 6.1%
2003 3.9% 2.3%
2002 2.4% 5.8%
2001 1.8% 7.4%
2000 3.6% 10.3%
1999 8.9% 2.6%
1998 6.7% 18.7%
1997 2.7% 1,061%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/bulgaria | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 42.5% in Bulgaria. In 2024, inflation was 9.7% in Bangladesh and 2.6% in Bulgaria.

Top exports between countries

Bangladesh
Export category Export value
Weapons & explosives $1.56M
Textiles & consumer goods $1.03M
Animal & marine products $184K
Machinery & equipment $154K
Bulgaria
Export category Export value
Raw materials & minerals $77.2M
Chemicals & pharma $3.25M
Textiles & consumer goods $1.77M
Machinery & equipment $1.16M
Processed food, beverages & tobacco $741K
Raw agricultural goods $119K
Metals $40K
Miscellaneous $3K
Wood & paper products $1K

Balance of trade

Bangladesh Bulgaria
Current account balance
$1.43B
2024
-$1.74B
2024
Current account balance ranking
52/190
2024
138/190
2024
Current account balance, % of GDP
+0.32%
2024
-1.54%
2024
Goods imports
$63.8B
2024
$52.8B
2024
Goods exports
$47.3B
2024
$47.3B
2024
Service imports
$12.3B
2024
$8.26B
2024
Service exports
$7.47B
2024
$16.6B
2024
Imports of goods and services, % of GDP
16.3%
2024
53.9%
2024
Exports of goods and services, % of GDP
10.5%
2024
56.4%
2024

Economic freedom indices

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

Bangladesh Bulgaria
Economic freedom 54.8 68.9
Economic freedom ranking 131/197 44/197
Property rights 32.1 75.8
Government integrity 22.7 48.4
Judicial effectiveness 36.7 58.5
Tax burden 79.9 89.1
Government spending 95.3 58.4
Fiscal health 68.4 90.4
Business freedom 52.7 78.2
Labor freedom 50.5 62.4
Monetary freedom 65.8 75.8
Trade freedom 63 79.4
Investment freedom 50 60
Financial freedom 40 50

Economic freedom comparison by year

Bangladesh
Bulgaria
1x
Year Economic freedom index
Bangladesh Bulgaria
2026 54.8 68.9
2025 54.7 68.8
2024 54.4 68.5
2023 54.4 69.3
2022 52.7 71
2021 56.5 70.4
2020 56.4 70.2
2019 55.6 69
2018 55.1 68.3
2017 55 67.9
2016 53.3 65.9
2015 53.9 66.8
2014 54.1 65.7
2013 52.6 65
2012 53.2 64.7
2011 53 64.9
2010 51.1 62.3
2009 47.5 64.6
2008 44.2 63.7
2007 46.7 62.7
2006 52.9 64.1
2005 47.5 62.3
2004 50 59.2
2003 49.3 57
2002 51.9 57.1
2001 51.2 51.9
2000 48.9 47.3
1999 50 46.2
1998 52 45.7
1997 49.9 47.6
1996 51.1 48.6
1995 40.9 50

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

GeoRank.org/economy/bangladesh/bulgaria | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 68.9 for Bulgaria, ranking 44/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Bulgaria
Services, % of GDP
51.4%
2024
63.8%
2024
Industry, % of GDP
34.1%
2024
21.1%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
2.35%
2024
GNI, Atlas method
$490B
2024
$99B
2024
GNI per capita, PPP
$10,060
2024
$39,850
2024
Total reserves including gold
$21.4B
2024
$43.7B
2024
Total reserves ranking
61/177
2024
47/177
2024
Net foreign direct investment
-$1.49B
2024
-$2.22B
2024
Net inflows of foreign direct investment
$1.31B
2024
$3.55B
2024
Net outflows of foreign direct investment
$34.1M
2024
$1.13B
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
6.8%
2024
Poverty at national poverty lines
18.7%
2022
21.7%
2023
Gross capital formation, % of GDP
30.7%
2024
20.4%
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/bangladesh/bulgaria | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1924–2002, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2015–2024, retrieved 2026-02-08)
  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.