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Economy of Bangladesh vs Burkina Faso compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $23.3B for Burkina Faso, ranking 36/197 and 122/197 by economy size, respectively.

Bangladesh has $181B in government debt (40.3% of GDP), compared to $12.2B (50.2% of GDP) in Burkina Faso.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Bangladesh
GDP, current $

GDP, constant 2015 $
Burkina Faso
GDP, current $

GDP, constant 2015 $
Year GDP
Bangladesh Burkina Faso
Current $ Constant $ Current $ Constant $
1960 $4,274,894,083 $22,255,159,274 $330,442,816 $1,166,782,786
1961 $4,817,580,375 $23,603,412,615 $350,247,234 $1,213,966,642
1962 $5,081,413,542 $24,890,514,015 $379,567,099 $1,288,368,214
1963 $5,319,458,563 $24,777,039,582 $394,040,667 $1,272,031,494
1964 $5,386,054,833 $27,490,816,336 $410,321,645 $1,301,069,674
1965 $5,906,636,792 $27,932,389,835 $422,916,790 $1,350,049,032
1966 $6,439,687,854 $28,649,361,770 $433,889,766 $1,357,307,072
1967 $7,253,575,688 $28,111,938,729 $450,753,924 $1,477,066,551
1968 $7,483,685,771 $30,779,608,228 $460,442,689 $1,522,423,925
1969 $8,471,006,438 $31,155,383,509 $478,298,645 $1,553,269,468
1970 $8,992,722,167 $32,906,270,044 $458,404,269 $1,555,087,098
1971 $8,751,843,188 $31,103,176,562 $482,411,179 $1,577,065,764
1972 $6,288,245,867 $26,756,903,051 $578,595,522 $1,613,519,619
1973 $8,086,725,729 $27,646,752,078 $674,773,570 $1,620,769,605
1974 $12,512,460,520 $30,298,616,456 $751,133,430 $1,755,073,487
1975 $19,448,348,073 $29,059,944,148 $939,972,703 $1,807,697,310
1976 $10,117,113,333 $30,705,132,551 $976,547,188 $1,961,982,376
1977 $9,651,149,302 $31,525,897,955 $1,131,224,878 $1,969,248,648
1978 $13,281,767,143 $33,755,988,820 $1,475,583,645 $2,059,988,180
1979 $15,565,480,322 $35,376,828,059 $1,748,480,621 $2,135,478,950
1980 $18,138,049,096 $35,666,614,469 $1,928,719,888 $2,152,496,130
1981 $20,249,694,002 $38,246,717,278 $1,775,842,334 $2,244,091,371
1982 $18,525,399,202 $39,063,027,611 $1,754,450,096 $2,458,675,800
1983 $17,609,048,822 $40,579,081,838 $1,600,278,605 $2,467,182,444
1984 $18,920,840,000 $42,528,220,940 $1,459,880,132 $2,423,298,751
1985 $22,278,423,077 $43,949,520,316 $1,552,493,196 $2,629,699,951
1986 $21,774,033,333 $45,783,701,931 $2,036,303,358 $2,838,902,120
1987 $24,298,032,258 $47,510,847,151 $2,369,834,950 $2,832,192,750
1988 $26,579,005,558 $48,658,831,252 $2,616,040,479 $2,996,335,114
1989 $28,781,715,189 $50,039,078,964 $2,615,587,734 $3,060,764,327
1990 $31,598,340,778 $52,852,405,165 $3,101,300,779 $3,042,310,108
1991 $30,957,483,950 $54,694,431,891 $3,135,045,584 $3,318,247,161
1992 $31,708,874,594 $57,671,277,832 $3,356,692,505 $3,325,969,080
1993 $33,166,519,418 $60,388,495,685 $3,199,536,465 $3,441,093,673
1994 $33,768,660,883 $62,737,684,523 $1,895,290,637 $3,486,344,305
1995 $37,939,748,769 $65,950,655,693 $2,379,517,975 $3,685,636,779
1996 $46,438,484,108 $68,933,550,573 $2,586,550,595 $4,091,600,230
1997 $48,244,309,133 $72,028,595,646 $2,447,669,102 $4,350,059,855
1998 $49,984,559,471 $75,757,535,399 $2,804,902,367 $4,667,950,033
1999 $51,270,569,884 $79,295,530,764 $3,389,566,713 $5,013,156,038
2000 $53,369,787,319 $83,492,876,906 $2,968,370,088 $5,107,828,181
2001 $53,991,289,844 $87,732,050,538 $3,190,371,081 $5,445,629,584
2002 $54,724,081,491 $91,094,928,770 $3,622,350,063 $5,682,675,870
2003 $60,158,929,188 $95,412,434,317 $4,740,768,143 $6,126,066,307
2004 $65,108,544,250 $100,411,600,214 $5,451,688,538 $6,400,419,255
2005 $69,476,001,239 $106,974,447,116 $6,146,353,173 $6,954,815,456
2006 $71,795,736,172 $114,111,680,586 $6,547,419,820 $7,389,711,521
2007 $79,611,644,975 $122,166,366,936 $7,625,722,837 $7,693,530,570
2008 $91,636,997,371 $129,513,195,397 $9,451,435,490 $8,139,754,707
2009 $102,475,158,191 $136,047,297,736 $9,450,696,873 $8,380,850,242
2010 $115,275,540,051 $143,627,564,998 $10,109,619,741 $9,088,720,452
2011 $128,607,482,310 $152,912,195,328 $12,080,295,978 $9,690,626,654
2012 $133,310,747,603 $162,884,301,114 $12,561,015,157 $10,315,931,044
2013 $149,998,957,434 $172,679,520,662 $13,444,300,486 $10,913,490,102
2014 $172,886,611,654 $183,145,728,910 $13,943,016,077 $11,385,699,970
2015 $195,146,608,978 $195,146,608,978 $11,832,159,316 $11,832,159,316
2016 $265,224,515,675 $209,028,320,491 $12,833,363,045 $12,537,116,612
2017 $293,732,446,625 $222,803,809,377 $14,106,955,615 $13,314,855,313
2018 $321,362,752,442 $239,111,739,541 $15,890,066,221 $14,194,244,129
2019 $351,231,654,604 $257,958,323,969 $16,032,813,503 $15,030,172,259
2020 $373,979,442,362 $266,852,772,254 $17,725,010,533 $15,332,394,849
2021 $416,271,647,911 $285,368,829,855 $19,697,516,284 $16,396,850,183
2022 $460,131,689,083 $305,629,528,154 $18,820,218,691 $16,642,350,340
2023 $437,415,333,018 $323,279,976,841 $20,324,617,845 $17,134,994,111
2024 $450,119,424,622 $336,932,927,922 $23,250,214,910 $17,989,191,218

Economic indicators

Bangladesh Burkina Faso
Gross domestic product
$450B
2024
$23.3B
2024
GDP rank
36/197
2024
122/197
2024
GDP growth
2.9%
2023-2024
14.4%
2023-2024
GDP per capita
$2,593
2024
$987
2024
GDP per capita rank
146/197
2024
179/197
2024
GDP per capita, PPP
$9,647
2024
$2,896
2024
Government debt
$181B
2024
$12.2B
2024
Debt-to-GDP ratio
40.3%
2025
50.2%
2025
Government debt per person
$1,041
2024
$520
2024
Government debt per person rank
140/185
2024
166/185
2024
Average annual personal income after taxes
$2,159
2025
$2,810
2025
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
30.2%
2021
Income share by poorest 10%
3.7%
2022
3%
2021
Government expenditure, % of GDP
13%
2025
24.1%
2025
Consumer prices inflation
10%
2024-2025
4.19%
2023-2024
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.35%
2023
3.44%
2024
Population
177398795
24497999

GDP per capita in Bangladesh vs Burkina Faso

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $987 in Burkina Faso, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 134th at $9,647, while Burkina Faso ranks 182nd at $2,896.

Bangladesh
GDP per capita

GDP per capita, PPP
Burkina Faso
GDP per capita

GDP per capita, PPP
Year Current $
Bangladesh Burkina Faso
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $82.5 - $69.2 -
1961 $90.4 - $72.2 -
1962 $92.6 - $77.2 -
1963 $94.1 - $78.9 -
1964 $92.6 - $80.9 -
1965 $98.6 - $82.1 -
1966 $104.4 - $82.8 -
1967 $114.2 - $84.6 -
1968 $114.4 - $85 -
1969 $125.9 - $86.8 -
1970 $130.2 - $81.7 -
1971 $124.5 - $84.5 -
1972 $87.8 - $99.6 -
1973 $109.7 - $114.1 -
1974 $165 - $124.7 -
1975 $249.8 - $152.9 -
1976 $126.7 - $155.5 -
1977 $117.9 - $176 -
1978 $158.3 - $223.9 -
1979 $181.1 - $258.5 -
1980 $206.1 - $277.6 -
1981 $224.2 - $248.7 -
1982 $199.6 - $239 -
1983 $184.7 - $211.9 -
1984 $193.4 - $187.8 -
1985 $222.2 - $194.1 -
1986 $212.1 - $247.5 -
1987 $231.5 - $280.2 -
1988 $247.9 - $301 -
1989 $263 - $293.2 -
1990 $283.1 $941 $339 $567
1991 $272.1 $987 $334 $623
1992 $273.5 $1,045 $349 $623
1993 $280.8 $1,099 $324 $644
1994 $280.6 $1,145 $187.2 $650
1995 $309 $1,206 $229.1 $684
1996 $372 $1,261 $242.7 $753
1997 $379 $1,315 $223.9 $794
1998 $386 $1,373 $249.5 $838
1999 $388 $1,430 $292.8 $886
2000 $397 $1,512 $248.9 $896
2001 $395 $1,598 $259.5 $948
2002 $394 $1,659 $285.7 $974
2003 $427 $1,746 $362 $1,038
2004 $456 $1,862 $404 $1,079
2005 $480 $2,020 $441 $1,172
2006 $490 $2,195 $456 $1,244
2007 $538 $2,388 $515 $1,290
2008 $613 $2,555 $619 $1,351
2009 $679 $2,675 $602 $1,360
2010 $757 $2,834 $625 $1,449
2011 $837 $3,051 $725 $1,531
2012 $860 $3,434 $731 $1,572
2013 $958 $3,691 $760 $1,643
2014 $1,094 $3,973 $765 $1,661
2015 $1,224 $4,212 $630 $1,692
2016 $1,649 $4,579 $664 $1,882
2017 $1,811 $4,883 $709 $2,042
2018 $1,965 $5,490 $777 $2,073
2019 $2,130 $6,047 $765 $2,232
2020 $2,249 $6,641 $825 $2,381
2021 $2,483 $7,441 $896 $2,486
2022 $2,716 $8,451 $836 $2,642
2023 $2,551 $9,148 $883 $2,755
2024 $2,593 $9,647 $987 $2,896

Spending and national debt comparison

In 2024, Bangladesh's government spending was $54.3B, accounting for 13% of its GDP, while Burkina Faso's spent $6.21B, or 24.1% of GDP.

Debt-to-GDP ratio is 40.3% in Bangladesh and 50.2% in Burkina Faso, ranking 134/185 and 110/185, respectively.

Bangladesh
Government spending

Government debt
Burkina Faso
Government spending

Government debt
Year % of GDP
Bangladesh Burkina Faso
Government spending Government debt Government spending Government debt
1985 - - 11.5% 28.5%
1986 - - 16.3% 27.6%
1987 - - 19.2% 30.7%
1988 - - 16.2% 28.8%
1989 - - 14.2% 25.5%
1990 9.14% 31.5% 18.4% 25.6%
1991 8.86% 31.8% 17% 28.7%
1992 8.8% 33.1% 16.7% 29.6%
1993 9.74% 34.1% 17.9% 33.6%
1994 10% 35.5% 17.8% 55.1%
1995 10.5% 32.9% 19.4% 48.9%
1996 9.79% 31% 19.8% 45.8%
1997 9.89% 29.1% 20% 48.4%
1998 9.82% 31.1% 19.7% 47.7%
1999 8.66% 32.7% 21.4% 46.4%
2000 9.76% 31.2% 19.8% 47.5%
2001 10.7% 37.1% 19.7% 46.6%
2002 10.4% 38.9% 19.5% 43.3%
2003 10.2% 37% 17.6% 39.7%
2004 9.88% 36.6% 20.3% 40.7%
2005 10.3% 35.6% 20.2% 39.2%
2006 10.1% 35.3% 21.9% 20.1%
2007 9.63% 35% 22.8% 22.4%
2008 11.5% 33.9% 18.6% 24.9%
2009 10.6% 33% 21.5% 25.9%
2010 10.6% 29.6% 21.7% 22.7%
2011 11.5% 29.4% 20.4% 28.4%
2012 11.7% 29.1% 22.7% 25.2%
2013 12.1% 28.3% 25.3% 25.9%
2014 11.7% 28.7% 20.9% 26.1%
2015 11.5% 28.2% 20.4% 31.3%
2016 11.6% 27.7% 21.6% 32.9%
2017 12.2% 28.3% 26.3% 33.9%
2018 13% 29.6% 24.2% 38.1%
2019 13.6% 32% 23.3% 41.7%
2020 13.3% 34.5% 24.4% 43.6%
2021 12.9% 35.6% 27.8% 55.4%
2022 13% 37.9% 31.3% 56.4%
2023 12.7% 39.3% 27.9% 52.7%
2024 12.1% 40.1% 26.7% 52.7%
2025 13% 40.3% 24.1% 50.2%

Government deficit by year

In 2024, Bangladesh's government deficit, the difference between spending and revenue, was -$17B, equivalent to -3.79% of GDP. This compares to Burkina Faso's deficit of -$1.32B, or -5.68% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while Burkina Faso ran a deficit in 34 years. On average, Bangladesh posted an annual deficit equal to -2.45% of GDP, compared to deficit of -3.46% of GDP for Burkina Faso.

Deficit/surplus
Bangladesh

Burkina Faso
Year Deficit/surplus, % of GDP
Bangladesh Burkina Faso
1985 - -1.21%
1986 - -5.1%
1987 - -5.27%
1988 - -4.32%
1989 - 1.96%
1990 -0.15% -7.54%
1991 0.44% -2.77%
1992 0.36% -2.51%
1993 0.43% -3.81%
1994 0.03% -1.89%
1995 -0.38% -2.65%
1996 -2.01% -1.67%
1997 -1.94% -2.64%
1998 -2.2% -2.6%
1999 -1.35% -3.29%
2000 -2.5% -3.03%
2001 -3.44% -3.56%
2002 -2.3% -4.43%
2003 -1.96% -1.79%
2004 -2.21% -4.19%
2005 -2.4% -4.89%
2006 -2.15% 14.3%
2007 -1.86% -5.01%
2008 -3.36% -3.63%
2009 -2.68% -4.16%
2010 -2.23% -4.06%
2011 -2.96% -2.04%
2012 -2.56% -2.76%
2013 -2.86% -3.55%
2014 -2.62% -1.74%
2015 -3.29% -2.09%
2016 -3.16% -3.08%
2017 -4.17% -6.92%
2018 -4.07% -4.43%
2019 -5.41% -3.39%
2020 -4.84% -5.16%
2021 -3.56% -7.43%
2022 -4.12% -10.4%
2023 -4.51% -6.56%
2024 -3.79% -5.68%
2025 -4.12% -4.31%

Inflation comparison by year

Over the past 29 years, Bangladesh has recorded an average annual inflation rate of 6.43%, compared with 2.58% in Burkina Faso. In 2024, inflation was 10% in Bangladesh and 4.19% in Burkina Faso.

Inflation
Bangladesh

Burkina Faso
Year Inflation
Bangladesh Burkina Faso Bangladesh Burkina Faso
1996 6.8% 6.1%
1997 2.7% 2.32%
1998 6.7% 5.08%
1999 8.9% -1.07%
2000 3.6% -0.3%
2001 1.8% 5.01%
2002 2.4% 2.18%
2003 3.9% 2.03%
2004 8.1% -0.4%
2005 6.5% 6.42%
2006 7.2% 2.33%
2007 7.2% -0.23%
2008 9.9% 10.7%
2009 6.7% 2.61%
2010 7.3% -0.76%
2011 8.8% 2.76%
2012 8.9% 3.82%
2013 6.8% 0.53%
2014 7.3% -0.26%
2015 6.4% 0.72%
2016 5.9% 0.44%
2017 5.4% 1.48%
2018 5.8% 1.96%
2019 5.5% -3.23%
2020 5.6% 1.88%
2021 5.6% 3.65%
2022 6.1% 14.3%
2023 9% 0.74%
2024 9.7% 4.19%
2025 10% -

Top exports between countries

Bangladesh
Export category Export value
Processed food, beverages & tobacco $225K
Chemicals & pharma $6K
Burkina Faso
Export category Export value
Textiles & consumer goods $43K
Animal & marine products $1K

Balance of trade

Bangladesh Burkina Faso
Current account balance
$1.87B
2024
-$1.02B
2023
Current account balance ranking
45/189
2024
121/189
2023
Current account balance, % of GDP
+0.42%
2024
-5%
2023
Goods imports
$63.8B
2024
$5.38B
2023
Goods exports
$47.3B
2024
$5.29B
2023
Service imports
$11.3B
2024
$1.45B
2023
Service exports
$6.66B
2024
$621M
2023
Imports of goods and services, % of GDP
16.3%
2024
34.9%
2024
Exports of goods and services, % of GDP
10.5%
2024
28.5%
2024

Economic freedom indices

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

Bangladesh Burkina Faso
Economic freedom 54.7 51
Economic freedom ranking 134/197 157/197
Property rights 36.5 28.1
Government integrity 23.3 40.7
Judicial effectiveness 27.9 35.7
Tax burden 82.6 82
Government spending 95 73.3
Fiscal health 70.2 13.7
Business freedom 53.9 38.6
Labor freedom 47.4 61.9
Monetary freedom 67.1 71.9
Trade freedom 62.2 61.4
Investment freedom 50 65
Financial freedom 40 40

Economic freedom by year comparison

The Economic Freedom Index for Bangladesh is 54.7, ranking 134/197, compared to 51 for Burkina Faso, ranking 157/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bangladesh
Burkina Faso
Year Economic freedom index
Bangladesh Burkina Faso
1995 40.9 -
1996 51.1 49.4
1997 49.9 54
1998 52 54.5
1999 50 55
2000 48.9 55.7
2001 51.2 56.7
2002 51.9 58.8
2003 49.3 58.9
2004 50 58
2005 47.5 56.6
2006 52.9 55.8
2007 46.7 55.1
2008 44.2 55.7
2009 47.5 59.5
2010 51.1 59.4
2011 53 60.6
2012 53.2 60.6
2013 52.6 59.9
2014 54.1 58.9
2015 53.9 58.6
2016 53.3 59.1
2017 55 59.6
2018 55.1 60
2019 55.6 59.4
2020 56.4 56.7
2021 56.5 56.5
2022 52.7 58.3
2023 54.4 56.2
2024 54.4 51.9
2025 54.7 51

More economic indicators

Bangladesh Burkina Faso
Services, % of GDP
51.4%
2024
40.2%
2024
Industry, % of GDP
34.1%
2024
29.7%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
18.6%
2024
GNI, Atlas method
$490B
2024
$20.7B
2024
GNI per capita, PPP
$10,060
2024
$2,770
2024
Total reserves including gold
$21.4B
2024
n/a
Total reserves ranking
61/177
2024
n/a
Net foreign direct investment
-$1.51B
2024
-$64.3M
2023
Net inflows of foreign direct investment
$1.51B
2024
$82.9M
2024
Net outflows of foreign direct investment
-$2.07M
2024
$2.73M
2024
Servicing debt to the IMF, % of GNI
1.64%
2023
4.41%
2023
Poverty at national poverty lines
18.7%
2022
43.2%
2021
Gross capital formation, % of GDP
30.7%
2024
27.1%
2024

GDP per capita map

GDP per capita

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Economy comparisons

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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.