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Economy of Bangladesh vs Cape Verde compared: GDP & Debt

Updated on by Georank

Bangladesh has a GDP of $456B compared to $3.06B for Cape Verde, ranking 38/197 and 172/197 by economy size, respectively.

Bangladesh has $192B in government debt (42% of GDP), compared to $3.09B (101% of GDP) in Cape Verde.

Bangladesh vs Cape Verde GDP by year

Bangladesh
Cape Verde
1x
Year GDP, current $
Bangladesh Cape Verde
2025 $456,319,229,256 $3,056,630,435
2024 $450,119,432,069 $2,713,721,857
2023 $437,415,333,018 $2,504,525,538
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 (1960–2025, retrieved 2026-07-08).

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
2025 $2,597 - $5,796 -
2024 $2,593 $9,647 $5,170 $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 (1960–2025, retrieved 2026-07-08).

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

Bangladesh's GDP per capita is $2,597, ranking 151/197, compared to $5,796 in Cape Verde, ranking 116/197. 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
$456B
2025
$3.06B
2025
GDP rank
38/197
2025
172/197
2025
GDP growth
3.49%
2024-2025
6.3%
2024-2025
GDP per capita
$2,597
2025
$5,796
2025
GDP per capita rank
151/197
2025
116/197
2025
GDP per capita, PPP
$9,647
2024
$11,195
2024
GDP per capita PPP rank
135/197
2024
129/197
2024
Government debt
$192B
2025
$3.09B
2025
Debt-to-GDP ratio
42%
2025
101%
2025
Government debt per person
$1,092
2025
$5,854
2025
Government debt per person rank
143/185
2025
77/185
2025
Average annual personal income after taxes
$2,829
2026
$2,506
2026
Market capitalization of domestic companies
$26.2B
2025
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
10.9%
2025
27%
2025
Consumer prices inflation
10%
2024-2025
2.3%
2024-2025
Central bank interest rate
10%
2024
1.5%
2024
Unemployment rate
3.64%
2024
11.3%
2019
Population
178936470
530853

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
2025 10.9% 42% 27% 101%
2024 12% 41% 26.1% 112.8%
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% 149.1%
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% 66.2%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08).

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

In 2025, Bangladesh's government spending was $49.6B, accounting for 10.9% of its GDP, while Cape Verde spent $827M, or 27% of GDP.

Debt-to-GDP ratio is 42% in Bangladesh and 101% in Cape Verde, ranking 124/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Cape Verde
1x
Year Deficit/surplus, % of GDP
Bangladesh Cape Verde
2025 -2.93% 1.06%
2024 -3.7% -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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Bangladesh's government deficit, the difference between spending and revenue, was $13.4B, equivalent to 2.93% of GDP. This compares to Cape Verde's surplus of $32.3M, or 1.06% of GDP.

Over the past 32 years, Bangladesh recorded a fiscal deficit in 31 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 5.8% of GDP for Cape Verde.

Inflation comparison by year

Inflation
Bangladesh

Cape Verde
1x
Year Consumer prices inflation
Bangladesh Cape Verde
2025 10% 2.3%
2024 9.7% 1.1%
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 (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bangladesh has recorded an average annual inflation rate of 6.54%, compared with 2.31% in Cape Verde. In 2025, inflation was 10% in Bangladesh and 2.3% in Cape Verde.

Top exports between countries

Bangladesh
Export category Export value
Processed food, beverages & tobacco $516K
Raw agricultural goods $1K
Cape Verde
Export category Export value

Balance of trade

Bangladesh Cape Verde
Current account balance
-$239M
2025
$108M
2025
Current account balance ranking
93/190
2025
63/190
2025
Current account balance, % of GDP
-0.05%
2025
+3.53%
2025
Goods imports
$66B
2025
$1.29B
2025
Goods exports
$43.8B
2025
$344M
2025
Service imports
$14.7B
2025
$350M
2025
Service exports
$8.42B
2025
$940M
2025
Imports of goods and services, % of GDP
16.8%
2025
53.4%
2025
Exports of goods and services, % of GDP
11.1%
2025
42%
2025

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 2026-07-08).

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
52.1%
2025
67.9%
2025
Industry, % of GDP
34%
2025
10.7%
2025
Agriculture, forestry, and fishing, % of GDP
11.4%
2025
5.04%
2025
GNI, Atlas method
$499B
2025
$2.95B
2025
GNI per capita, PPP
$10,710
2025
$12,010
2025
Total reserves including gold
$28.6B
2025
$1.26B
2025
Total reserves ranking
58/177
2025
138/177
2025
Net foreign direct investment
-$1.84B
2025
-$130M
2025
Net inflows of foreign direct investment
$1.28B
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
5.72%
2024
Poverty at national poverty lines
18.7%
2022
24.8%
2023
Gross capital formation, % of GDP
28.5%
2025
17.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08)
  6. TradeMap (2018, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.