Skip to content

Economy of Bangladesh vs Cape Verde compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $2.73B for Cape Verde, ranking 36/197 and 172/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $3.03B (111.2% of GDP) in Cape Verde.

Bangladesh vs Cape Verde GDP by year

Bangladesh
Cape Verde
1x
Year GDP, current $
Bangladesh Cape Verde
2024 $450,119,432,069 $2,725,414,151
2023 $437,415,333,018 $2,504,525,549
2022 $460,131,689,083 $2,247,003,344
2021 $416,271,647,911 $2,051,842,619
2020 $373,979,442,362 $1,821,565,614
2019 $351,231,654,604 $2,252,177,124
2018 $321,362,752,442 $2,205,099,507
2017 $293,732,446,625 $1,996,741,540
2016 $265,224,515,675 $1,849,789,986
2015 $195,146,608,978 $1,749,857,620
2014 $172,886,611,654 $2,041,930,125
2013 $149,998,957,434 $2,028,910,915
2012 $133,310,747,603 $1,913,081,210
2011 $128,607,482,310 $2,046,817,987
2010 $115,275,540,051 $1,824,751,468
2009 $102,475,158,191 $1,852,334,575
2008 $91,636,997,371 $1,959,620,648
2007 $79,611,644,975 $1,649,621,739
2006 $71,795,736,172 $1,107,571,458
2005 $69,476,001,239 $972,241,677
2004 $65,108,544,250 $924,940,012
2003 $60,158,929,188 $813,260,469
2002 $54,724,081,491 $620,507,387
2001 $53,991,289,844 $563,090,490
2000 $53,369,787,319 $539,227,278
1999 $51,270,569,884 $592,416,703
1998 $49,984,559,471 $521,910,561
1997 $48,244,309,133 $490,608,658
1996 $46,438,484,108 $501,979,270
1995 $37,939,748,769 $487,148,994
1994 $33,768,660,883 $406,580,652
1993 $33,166,519,418 $490,417,390
1992 $31,708,874,594 $357,160,985
1991 $30,957,483,950 $319,827,059
1990 $31,598,340,778 $306,890,963
1989 $28,781,715,189 $267,448,571
1988 $26,579,005,558 $264,308,140
1987 $24,298,032,258 $235,253,065
1986 $21,774,033,333 $190,651,168
1985 $22,278,423,077 $137,728,205
1984 $18,920,840,000 $132,019,039
1983 $17,609,048,822 $138,476,176
1982 $18,525,399,202 $140,630,679
1981 $20,249,694,002 $139,468,209
1980 $18,138,049,096 $142,246,815
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/cape-verde | CC BY

GDP per capita in Bangladesh vs Cape Verde by year

Bangladesh
GDP per capita

GDP per capita, PPP
Cape Verde
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Cape Verde
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $5,192 $11,195
2023 $2,551 $9,148 $4,795 $10,242
2022 $2,716 $8,451 $4,323 $9,481
2021 $2,483 $7,441 $3,971 $7,685
2020 $2,249 $6,641 $3,539 $6,853
2019 $2,130 $6,047 $4,381 $8,646
2018 $1,965 $5,490 $4,295 $7,916
2017 $1,811 $4,883 $3,893 $7,936
2016 $1,649 $4,579 $3,609 $7,351
2015 $1,224 $4,212 $3,415 $6,773
2014 $1,094 $3,973 $3,986 $6,417
2013 $958 $3,691 $3,961 $6,367
2012 $860 $3,434 $3,737 $6,318
2011 $837 $3,051 $4,002 $6,384
2010 $757 $2,834 $3,579 $6,039
2009 $679 $2,675 $3,660 $5,901
2008 $613 $2,555 $3,909 $6,011
2007 $538 $2,388 $3,325 $5,567
2006 $490 $2,195 $2,257 $4,758
2005 $480 $2,020 $2,004 $4,324
2004 $456 $1,862 $1,929 $3,969
2003 $427 $1,746 $1,718 $3,551
2002 $394 $1,659 $1,329 $3,388
2001 $395 $1,598 $1,223 $3,217
2000 $397 $1,512 $1,190 $3,124
1999 $388 $1,430 $1,327 $2,714
1998 $386 $1,373 $1,187 $2,443
1997 $379 $1,315 $1,134 $2,182
1996 $372 $1,261 $1,180 $1,963
1995 $309 $1,206 $1,165 $1,762
1994 $280.6 $1,145 $991 $1,540
1993 $280.8 $1,099 $1,220 $1,291
1992 $273.5 $1,045 $908 $1,186
1991 $272.1 $987 $832 $1,069
1990 $283.1 $941 $817 $1,044
1989 $263 - $727 -
1988 $247.9 - $729 -
1987 $231.5 - $658 -
1986 $212.1 - $541 -
1985 $222.2 - $396 -
1984 $193.4 - $385 -
1983 $184.7 - $410 -
1982 $199.6 - $423 -
1981 $224.2 - $425 -
1980 $206.1 - $440 -
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/cape-verde | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $5,192 in Cape Verde, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Cape Verde ranks 129th at $11,195.

Economic indicators

Bangladesh Cape Verde
Gross domestic product
$450B
2024
$2.73B
2024
GDP rank
36/197
2024
172/197
2024
GDP growth
4.22%
2023-2024
7.24%
2023-2024
GDP per capita
$2,593
2024
$5,192
2024
GDP per capita rank
146/197
2024
118/197
2024
GDP per capita, PPP
$9,647
2024
$11,195
2024
GDP per capita PPP rank
135/197
2024
129/197
2024
Government debt
$184B
2024
$3.03B
2024
Debt-to-GDP ratio
41%
2024
111.2%
2024
Government debt per person
$1,063
2024
$5,776
2024
Government debt per person rank
139/185
2024
76/185
2024
Average annual personal income after taxes
$2,222
2026
$2,576
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
32.3%
2015
Income share by poorest 10%
3.7%
2022
2.2%
2015
Government expenditure, % of GDP
12%
2024
26.1%
2024
Consumer prices inflation
9.7%
2023-2024
1%
2023-2024
Central bank interest rate
10%
2024
1.5%
2024
Unemployment rate
3.64%
2024
11.3%
2019
Population
178415186
530391

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Cape Verde
Spending

Debt
1x
Year % of GDP
Bangladesh Cape Verde
Government spending Government debt Government spending Government debt
2024 12% 41% 26.1% 111.2%
2023 12.6% 39.7% 25.7% 117.5%
2022 13% 37.9% 26.6% 127.6%
2021 12.9% 35.6% 30.8% 149.5%
2020 13.3% 34.5% 34.5% 144.3%
2019 13.6% 32% 27.5% 109.8%
2018 13% 29.6% 27.5% 112.3%
2017 12.2% 28.3% 28% 113%
2016 11.6% 27.7% 26.6% 115.6%
2015 11.5% 28.2% 28.7% 115.7%
2014 11.7% 28.7% 27.8% 105.7%
2013 12.1% 28.3% 30.9% 93.5%
2012 11.7% 29.1% 31.6% 82.9%
2011 11.5% 29.4% 30.3% 71.6%
2010 10.6% 29.6% 35.7% 73.5%
2009 10.6% 33% 30.6% 58.8%
2008 11.5% 33.9% 27.6% 57.5%
2007 9.63% 35% 27.1% 59.6%
2006 10.1% 35.3% 28.4% 66.2%
2005 10.3% 35.6% 26.2% 66.7%
2004 9.88% 36.6% 26.3% 67.8%
2003 10.2% 37% 23.4% 65.6%
2002 10.4% 38.9% 28.5% 64.7%
2001 10.7% 37.1% 24.2% 62.2%
2000 9.76% 31.2% 36.7% 71.9%
1999 8.66% 32.7% 35% 66.4%
1998 9.82% 31.1% 29.8% 72.9%
1997 9.89% 29.1% 34.8% 79.3%
1996 9.79% 31% 38.9% 85.7%
1995 10.5% 32.9% 44.5% 74.3%
1994 10% 35.5% 48.1% 73.4%
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/cape-verde | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Cape Verde spent $711M, or 26.1% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 111.2% in Cape Verde, ranking 131/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Cape Verde
1x
Year Deficit/surplus, % of GDP
Bangladesh Cape Verde
2024 -3.69% -1.07%
2023 -4.39% -0.28%
2022 -4.53% -4.25%
2021 -3.56% -7.51%
2020 -4.84% -9.29%
2019 -5.41% -1.62%
2018 -4.07% -2.36%
2017 -4.17% -2.63%
2016 -3.16% -2.73%
2015 -3.29% -4.16%
2014 -2.62% -6.93%
2013 -2.86% -8.49%
2012 -2.56% -9.36%
2011 -2.96% -6.98%
2010 -2.23% -9.6%
2009 -2.68% -5.32%
2008 -3.36% -1.42%
2007 -1.86% -0.86%
2006 -2.15% -4.32%
2005 -2.4% -4.69%
2004 -2.21% -2.98%
2003 -1.96% -3.63%
2002 -2.3% -6.14%
2001 -3.44% -5.03%
2000 -2.5% -15.5%
1999 -1.35% -10.9%
1998 -2.2% -3.16%
1997 -1.94% -10.2%
1996 -2.01% -11.2%
1995 -0.38% -11.1%
1994 0.03% -12.8%
1993 0.43% -
1992 0.36% -
1991 0.44% -
1990 -0.15% -

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

GeoRank.org/economy/bangladesh/cape-verde | 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 Cape Verde's deficit of $29.1M, or 1.07% of GDP.

Over the past 31 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Cape Verde ran a deficit in 31 years. On average, Bangladesh posted an annual deficit equal to 2.81% of GDP, compared to deficit of 6.02% of GDP for Cape Verde.

Inflation comparison by year

Inflation
Bangladesh

Cape Verde
1x
Year Consumer prices inflation
Bangladesh Cape Verde
2024 9.7% 1%
2023 9% 3.7%
2022 6.1% 7.9%
2021 5.6% 1.9%
2020 5.6% 0.6%
2019 5.5% 1.1%
2018 5.8% 1.3%
2017 5.4% 0.8%
2016 5.9% -1.4%
2015 6.4% 0.1%
2014 7.3% -0.2%
2013 6.8% 1.5%
2012 8.9% 2.5%
2011 8.8% 4.5%
2010 7.3% 2.1%
2009 6.7% 1%
2008 9.9% 6.8%
2007 7.2% 4.4%
2006 7.2% 4.8%
2005 6.5% 0.4%
2004 8.1% -1.9%
2003 3.9% 1.2%
2002 2.4% 1.9%
2001 1.8% 3.7%
2000 3.6% -2.4%
1999 8.9% 4.3%
1998 6.7% 4.4%
1997 2.7% 8.6%

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

GeoRank.org/economy/bangladesh/cape-verde | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 2.31% in Cape Verde. In 2024, inflation was 9.7% in Bangladesh and 1% in Cape Verde.

Top exports between countries

Bangladesh
Export category Export value
Processed food, beverages & tobacco $79K
Raw agricultural goods $1K
Cape Verde
Export category Export value

Balance of trade

Bangladesh Cape Verde
Current account balance
$1.43B
2024
$107M
2024
Current account balance ranking
52/190
2024
67/190
2024
Current account balance, % of GDP
+0.32%
2024
+3.91%
2024
Goods imports
$63.8B
2024
$1.17B
2024
Goods exports
$47.3B
2024
$328M
2024
Service imports
$12.3B
2024
$298M
2024
Service exports
$7.47B
2024
$830M
2024
Imports of goods and services, % of GDP
16.3%
2024
54%
2024
Exports of goods and services, % of GDP
10.5%
2024
42.5%
2024

Economic freedom indices

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

Bangladesh Cape Verde
Economic freedom 54.8 71.4
Economic freedom ranking 131/197 32/197
Property rights 32.1 72.7
Government integrity 22.7 63.3
Judicial effectiveness 36.7 77.1
Tax burden 79.9 84.4
Government spending 95.3 79.5
Fiscal health 68.4 74.4
Business freedom 52.7 78.9
Labor freedom 50.5 59.5
Monetary freedom 65.8 80.4
Trade freedom 63 66.6
Investment freedom 50 60
Financial freedom 40 60

Economic freedom comparison by year

Bangladesh
Cape Verde
1x
Year Economic freedom index
Bangladesh Cape Verde
2026 54.8 71.4
2025 54.7 68.7
2024 54.4 62.9
2023 54.4 65.8
2022 52.7 66.7
2021 56.5 63.8
2020 56.4 63.6
2019 55.6 63.1
2018 55.1 60
2017 55 56.9
2016 53.3 66.5
2015 53.9 66.4
2014 54.1 66.1
2013 52.6 63.7
2012 53.2 63.5
2011 53 64.6
2010 51.1 61.8
2009 47.5 61.3
2008 44.2 57.9
2007 46.7 56.5
2006 52.9 58.6
2005 47.5 57.8
2004 50 58.1
2003 49.3 56.1
2002 51.9 57.6
2001 51.2 56.3
2000 48.9 51.9
1999 50 50.7
1998 52 48
1997 49.9 47.7
1996 51.1 49.7
1995 40.9 -

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

GeoRank.org/economy/bangladesh/cape-verde | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 71.4 for Cape Verde, ranking 32/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Cape Verde
Services, % of GDP
51.4%
2024
68.7%
2024
Industry, % of GDP
34.1%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
4.92%
2024
GNI, Atlas method
$490B
2024
$2.6B
2024
GNI per capita, PPP
$10,060
2024
$11,000
2024
Total reserves including gold
$21.4B
2024
$783M
2024
Total reserves ranking
61/177
2024
144/177
2024
Net foreign direct investment
-$1.49B
2024
-$89.2M
2024
Net inflows of foreign direct investment
$1.31B
2024
$110M
2024
Net outflows of foreign direct investment
$34.1M
2024
$20.8M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
5.69%
2024
Poverty at national poverty lines
18.7%
2022
24.8%
2023
Gross capital formation, % of GDP
30.7%
2024
16.4%
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/cape-verde | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-02-20)
  6. TradeMap (2015, 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.