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Economy of Bangladesh vs China compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $18.7T for China, ranking 36/197 and 2/197 by economy size, respectively.

Bangladesh has $181B in government debt (40.3% of GDP), compared to $16.6T (96.3% of GDP) in China.

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 $
China
GDP, current $

GDP, constant 2015 $
Year GDP
Bangladesh China
Current $ Constant $ Current $ Constant $
1960 $4,274,894,083 $22,255,159,274 $59,846,235,025 $161,023,131,028
1961 $4,817,580,375 $23,603,412,615 $50,162,299,350 $117,112,123,191
1962 $5,081,413,542 $24,890,514,015 $47,310,737,754 $110,577,266,728
1963 $5,319,458,563 $24,777,039,582 $50,812,227,919 $121,966,725,197
1964 $5,386,054,833 $27,490,816,336 $59,821,862,703 $144,140,275,830
1965 $5,906,636,792 $27,932,389,835 $70,565,994,356 $168,572,052,589
1966 $6,439,687,854 $28,649,361,770 $76,854,053,259 $186,524,976,187
1967 $7,253,575,688 $28,111,938,729 $73,011,350,596 $175,762,485,054
1968 $7,483,685,771 $30,779,608,228 $70,980,323,819 $168,556,223,190
1969 $8,471,006,438 $31,155,383,509 $79,847,786,729 $197,109,647,392
1970 $8,992,722,167 $32,906,270,044 $92,752,930,873 $235,151,809,332
1971 $8,751,843,188 $31,103,176,562 $99,959,013,880 $251,753,527,067
1972 $6,288,245,867 $26,756,903,051 $113,871,930,714 $261,345,336,449
1973 $8,086,725,729 $27,646,752,078 $138,764,340,892 $281,625,734,560
1974 $12,512,460,520 $30,298,616,456 $144,418,433,058 $288,131,289,037
1975 $19,448,348,073 $29,059,944,148 $163,687,619,736 $313,256,337,433
1976 $10,117,113,333 $30,705,132,551 $154,196,810,059 $308,338,212,930
1977 $9,651,149,302 $31,525,897,955 $175,226,595,860 $331,679,415,654
1978 $13,281,767,143 $33,755,988,820 $149,788,617,886 $369,245,353,261
1979 $15,565,480,322 $35,376,828,059 $178,573,913,043 $397,275,966,893
1980 $18,138,049,096 $35,666,614,469 $191,487,500,000 $428,399,142,253
1981 $20,249,694,002 $38,246,717,278 $196,218,253,968 $450,302,166,910
1982 $18,525,399,202 $39,063,027,611 $205,480,916,031 $491,096,319,837
1983 $17,609,048,822 $40,579,081,838 $231,130,268,199 $543,778,042,482
1984 $18,920,840,000 $42,528,220,940 $260,442,857,143 $626,609,364,484
1985 $22,278,423,077 $43,949,520,316 $310,064,625,850 $710,797,305,027
1986 $21,774,033,333 $45,783,701,931 $301,310,144,928 $774,307,505,788
1987 $24,298,032,258 $47,510,847,151 $273,455,156,951 $864,345,705,903
1988 $26,579,005,558 $48,658,831,252 $312,888,888,889 $961,347,723,725
1989 $28,781,715,189 $50,039,078,964 $348,380,566,802 $1,001,785,223,304
1990 $31,598,340,778 $52,852,405,165 $361,560,229,446 $1,041,271,896,196
1991 $30,957,483,950 $54,694,431,891 $384,510,452,962 $1,138,752,669,459
1992 $31,708,874,594 $57,671,277,832 $428,502,354,788 $1,301,589,870,245
1993 $33,166,519,418 $60,388,495,685 $446,557,291,212 $1,482,889,338,699
1994 $33,768,660,883 $62,737,684,523 $566,929,539,493 $1,676,743,149,158
1995 $37,939,748,769 $65,950,655,693 $738,190,896,228 $1,861,735,071,148
1996 $46,438,484,108 $68,933,550,573 $868,523,936,530 $2,047,465,483,837
1997 $48,244,309,133 $72,028,595,646 $967,753,570,435 $2,237,626,840,760
1998 $49,984,559,471 $75,757,535,399 $1,037,134,141,760 $2,414,864,610,328
1999 $51,270,569,884 $79,295,530,764 $1,103,843,203,576 $2,601,702,759,079
2000 $53,369,787,319 $83,492,876,906 $1,223,754,919,971 $2,825,096,197,800
2001 $53,991,289,844 $87,732,050,538 $1,355,036,590,252 $3,059,936,242,479
2002 $54,724,081,491 $91,094,928,770 $1,489,821,682,051 $3,342,778,183,071
2003 $60,158,929,188 $95,412,434,317 $1,683,903,309,844 $3,681,006,926,651
2004 $65,108,544,250 $100,411,600,214 $1,984,196,551,300 $4,053,944,733,454
2005 $69,476,001,239 $106,974,447,116 $2,317,551,298,052 $4,518,455,387,849
2006 $71,795,736,172 $114,111,680,586 $2,791,498,472,804 $5,091,154,930,758
2007 $79,611,644,975 $122,166,366,936 $3,604,055,822,572 $5,811,552,614,974
2008 $91,636,997,371 $129,513,195,397 $4,667,346,414,522 $6,373,544,042,638
2009 $102,475,158,191 $136,047,297,736 $5,189,577,094,998 $6,972,829,250,985
2010 $115,275,540,051 $143,627,564,998 $6,192,564,874,453 $7,711,689,202,853
2011 $128,607,482,310 $152,912,195,328 $7,671,757,207,851 $8,441,318,020,902
2012 $133,310,747,603 $162,884,301,114 $8,673,664,713,189 $9,104,482,675,356
2013 $149,998,957,434 $172,679,520,662 $9,743,124,247,267 $9,812,695,262,901
2014 $172,886,611,654 $183,145,728,910 $10,674,533,168,257 $10,544,908,798,424
2015 $195,146,608,978 $195,146,608,978 $11,280,814,787,469 $11,280,814,787,469
2016 $265,224,515,675 $209,028,320,491 $11,456,024,084,962 $12,045,152,668,727
2017 $293,732,446,625 $222,803,809,377 $12,537,559,062,283 $12,875,216,222,853
2018 $321,362,752,442 $239,111,739,541 $14,147,765,772,964 $13,745,158,275,137
2019 $351,231,654,604 $257,958,323,969 $14,560,167,101,283 $14,579,283,528,148
2020 $373,979,442,362 $266,852,772,254 $14,996,414,166,715 $14,920,466,234,565
2021 $416,271,647,911 $285,368,829,855 $18,201,698,719,564 $16,199,162,892,909
2022 $460,131,689,083 $305,629,528,154 $18,316,765,021,690 $16,706,875,253,649
2023 $437,415,333,018 $323,279,976,841 $18,270,356,654,533 $17,611,526,369,127
2024 $450,119,424,622 $336,932,927,922 $18,743,803,170,827 $18,488,114,837,769

Economic indicators

Bangladesh China
Gross domestic product
$450B
2024
$18.7T
2024
GDP rank
36/197
2024
2/197
2024
GDP growth
2.9%
2023-2024
2.59%
2023-2024
GDP per capita
$2,593
2024
$13,303
2024
GDP per capita rank
146/197
2024
76/197
2024
GDP per capita, PPP
$9,647
2024
$27,105
2024
Government debt
$181B
2024
$16.6T
2024
Debt-to-GDP ratio
40.3%
2025
96.3%
2025
Government debt per person
$1,041
2024
$11,750
2024
Government debt per person rank
140/185
2024
48/185
2024
Average annual personal income after taxes
$2,159
2025
$9,060
2025
Market capitalization of domestic companies
$87.9B
2024
$11.8T
2024
Number of millionaires n/a
6,013,282
2024
Number of billionaires n/a
450
2025
Income share by richest 10%
25.5%
2022
28.4%
2022
Income share by poorest 10%
3.7%
2022
3.1%
2022
Government expenditure, % of GDP
13%
2025
33.7%
2025
Consumer prices inflation
10%
2024-2025
0%
2024-2025
Central bank interest rate
10%
2024
3.1%
2024
Unemployment rate
3.35%
2023
5.11%
2021
Population
177398795
1405773318

GDP per capita in Bangladesh vs China

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $13,303 in China, ranking 76/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 134th at $9,647, while China ranks 77th at $27,105.

Bangladesh
GDP per capita

GDP per capita, PPP
China
GDP per capita

GDP per capita, PPP
Year Current $
Bangladesh China
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $82.5 - $89.7 -
1961 $90.4 - $76 -
1962 $92.6 - $71.1 -
1963 $94.1 - $74.5 -
1964 $92.6 - $85.7 -
1965 $98.6 - $98.7 -
1966 $104.4 - $104.5 -
1967 $114.2 - $96.8 -
1968 $114.4 - $91.6 -
1969 $125.9 - $100.3 -
1970 $130.2 - $113.3 -
1971 $124.5 - $118.8 -
1972 $87.8 - $132.1 -
1973 $109.7 - $157.3 -
1974 $165 - $160.4 -
1975 $249.8 - $178.6 -
1976 $126.7 - $165.7 -
1977 $117.9 - $185.7 -
1978 $158.3 - $156.7 -
1979 $181.1 - $184.3 -
1980 $206.1 - $195.1 -
1981 $224.2 - $197.4 -
1982 $199.6 - $203.7 -
1983 $184.7 - $225.9 -
1984 $193.4 - $251.2 -
1985 $222.2 - $295 -
1986 $212.1 - $282.4 -
1987 $231.5 - $252.3 -
1988 $247.9 - $284 -
1989 $263 - $311 -
1990 $283.1 $941 $319 $991
1991 $272.1 $987 $334 $1,105
1992 $273.5 $1,045 $368 $1,276
1993 $280.8 $1,099 $379 $1,471
1994 $280.6 $1,145 $476 $1,680
1995 $309 $1,206 $613 $1,884
1996 $372 $1,261 $713 $2,088
1997 $379 $1,315 $787 $2,297
1998 $386 $1,373 $835 $2,483
1999 $388 $1,430 $881 $2,690
2000 $397 $1,512 $969 $2,964
2001 $395 $1,598 $1,065 $3,258
2002 $394 $1,659 $1,164 $3,591
2003 $427 $1,746 $1,307 $4,007
2004 $456 $1,862 $1,531 $4,505
2005 $480 $2,020 $1,778 $5,148
2006 $490 $2,195 $2,129 $5,946
2007 $538 $2,388 $2,735 $6,935
2008 $613 $2,555 $3,523 $7,713
2009 $679 $2,675 $3,898 $8,448
2010 $757 $2,834 $4,629 $9,411
2011 $837 $3,051 $5,704 $10,457
2012 $860 $3,434 $6,405 $11,420
2013 $958 $3,691 $7,147 $12,228
2014 $1,094 $3,973 $7,781 $12,942
2015 $1,224 $4,212 $8,175 $13,463
2016 $1,649 $4,579 $8,255 $14,157
2017 $1,811 $4,883 $8,980 $15,022
2018 $1,965 $5,490 $10,086 $16,298
2019 $2,130 $6,047 $10,343 $17,601
2020 $2,249 $6,641 $10,627 $18,267
2021 $2,483 $7,441 $12,887 $20,843
2022 $2,716 $8,451 $12,971 $23,032
2023 $2,551 $9,148 $12,951 $25,179
2024 $2,593 $9,647 $13,303 $27,105

Spending and national debt comparison

In 2024, Bangladesh's government spending was $54.3B, accounting for 13% of its GDP, while China's spent $6.18T, or 33.7% of GDP.

Debt-to-GDP ratio is 40.3% in Bangladesh and 96.3% in China, ranking 134/185 and 26/185, respectively.

Bangladesh
Government spending

Government debt
China
Government spending

Government debt
Year % of GDP
Bangladesh China
Government spending Government debt Government spending Government debt
1982 - - 27.9% -
1983 - - 28.3% -
1984 - - 26.9% 0.97%
1985 - - 25.8% 3.31%
1986 - - 25.6% 3.24%
1987 - - 23.4% 3.6%
1988 - - 20.9% 4.46%
1989 - - 18.6% -
1990 9.14% 31.5% 18.2% -
1991 8.86% 31.8% 16.5% -
1992 8.8% 33.1% 14.6% -
1993 9.74% 34.1% 13.4% -
1994 10% 35.5% 12.4% -
1995 10.5% 32.9% 11.1% 21.4%
1996 9.79% 31% 11% 21.2%
1997 9.89% 29.1% 11.5% 20.4%
1998 9.82% 31.1% 12.6% 20.4%
1999 8.66% 32.7% 14.9% 21.6%
2000 9.76% 31.2% 16.1% 22.7%
2001 10.7% 37.1% 17.2% 24.3%
2002 10.4% 38.9% 18.2% 25.6%
2003 10.2% 37% 18% 26.4%
2004 9.88% 36.6% 17.6% 26%
2005 10.3% 35.6% 18% 25.9%
2006 10.1% 35.3% 18.1% 25.2%
2007 9.63% 35% 17.9% 28.7%
2008 11.5% 33.9% 22.2% 26.7%
2009 10.6% 33% 25.2% 34%
2010 10.6% 29.6% 24.7% 33.3%
2011 11.5% 29.4% 26.6% 33.2%
2012 11.7% 29.1% 27.7% 33.8%
2013 12.1% 28.3% 28.1% 36.4%
2014 11.7% 28.7% 28.4% 39.3%
2015 11.5% 28.2% 31% 40.8%
2016 11.6% 27.7% 31.7% 49.7%
2017 12.2% 28.3% 32% 53.9%
2018 13% 29.6% 32.6% 55.6%
2019 13.6% 32% 33.6% 59.4%
2020 13.3% 34.5% 34.8% 69%
2021 12.9% 35.6% 31.9% 70.1%
2022 13% 37.9% 32.6% 75.5%
2023 12.7% 39.3% 32.7% 82%
2024 12.1% 40.1% 32.9% 88.3%
2025 13% 40.3% 33.7% 96.3%

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 China's deficit of -$1.38T, or -7.34% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while China ran a deficit in 34 years. On average, Bangladesh posted an annual deficit equal to -2.45% of GDP, compared to deficit of -2.46% of GDP for China.

Deficit/surplus
Bangladesh

China
Year Deficit/surplus, % of GDP
Bangladesh China
1982 - -1.33%
1983 - -1.61%
1984 - -1.44%
1985 - -0.45%
1986 - -1.82%
1987 - -2.08%
1988 - -2.22%
1989 - -0.91%
1990 -0.15% -0.72%
1991 0.44% -1.04%
1992 0.36% -1.22%
1993 0.43% -0.89%
1994 0.03% -1.68%
1995 -0.38% -0.94%
1996 -2.01% -0.73%
1997 -1.94% -0.73%
1998 -2.2% -1.08%
1999 -1.35% -2.3%
2000 -2.5% -2.81%
2001 -3.44% -2.56%
2002 -2.3% -2.84%
2003 -1.96% -2.36%
2004 -2.21% -1.49%
2005 -2.4% -1.38%
2006 -2.15% -1.13%
2007 -1.86% 0.06%
2008 -3.36% -0.02%
2009 -2.68% -1.72%
2010 -2.23% -0.36%
2011 -2.96% -0.1%
2012 -2.56% -0.3%
2013 -2.86% -0.82%
2014 -2.62% -0.67%
2015 -3.29% -2.5%
2016 -3.16% -3.33%
2017 -4.17% -3.34%
2018 -4.07% -4.2%
2019 -5.41% -6%
2020 -4.84% -9.56%
2021 -3.56% -5.9%
2022 -4.12% -7.32%
2023 -4.51% -6.71%
2024 -3.79% -7.34%
2025 -4.12% -8.57%

Inflation comparison by year

Over the past 30 years, Bangladesh has recorded an average annual inflation rate of 6.55%, compared with 1.98% in China. In 2025, inflation was 10% in Bangladesh and 0% in China.

Inflation
Bangladesh

China
Year Inflation
Bangladesh China Bangladesh China
1996 6.8% 8.3%
1997 2.7% 2.8%
1998 6.7% -0.8%
1999 8.9% -1.4%
2000 3.6% 0.4%
2001 1.8% 0.7%
2002 2.4% -0.8%
2003 3.9% 1.1%
2004 8.1% 3.9%
2005 6.5% 1.8%
2006 7.2% 1.5%
2007 7.2% 4.7%
2008 9.9% 5.9%
2009 6.7% -0.7%
2010 7.3% 3.3%
2011 8.8% 5.4%
2012 8.9% 2.6%
2013 6.8% 2.7%
2014 7.3% 2%
2015 6.4% 1.5%
2016 5.9% 2%
2017 5.4% 1.6%
2018 5.8% 2.1%
2019 5.5% 2.9%
2020 5.6% 2.5%
2021 5.6% 0.9%
2022 6.1% 2%
2023 9% 0.2%
2024 9.7% 0.2%
2025 10% 0%

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $591M
Animal & marine products $72.5M
Chemicals & pharma $21.6M
Machinery & equipment $13.3M
Raw agricultural goods $9.73M
Raw materials & minerals $4.38M
Wood & paper products $1.48M
Processed food, beverages & tobacco $824K
Metals $107K
Miscellaneous $105K
China
Export category Export value
Textiles & consumer goods $10.2B
Machinery & equipment $5.23B
Chemicals & pharma $2.35B
Raw materials & minerals $2.3B
Metals $1.45B
Raw agricultural goods $463M
Wood & paper products $359M
Miscellaneous $356M
Animal & marine products $131M
Processed food, beverages & tobacco $71.9M

Balance of trade

Bangladesh China
Current account balance
$1.87B
2024
$424B
2024
Current account balance ranking
45/189
2024
1/189
2024
Current account balance, % of GDP
+0.42%
2024
+2.26%
2024
Goods imports
$63.8B
2024
$2.64T
2024
Goods exports
$47.3B
2024
$3.41T
2024
Service imports
$11.3B
2024
$613B
2024
Service exports
$6.66B
2024
$384B
2024
Imports of goods and services, % of GDP
16.3%
2024
17.2%
2024
Exports of goods and services, % of GDP
10.5%
2024
20%
2024

Economic freedom indices

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

Bangladesh China
Economic freedom 54.7 49
Economic freedom ranking 134/197 167/197
Property rights 36.5 46.7
Government integrity 23.3 40.4
Judicial effectiveness 27.9 37.4
Tax burden 82.6 71.6
Government spending 95 67.1
Fiscal health 70.2 11.1
Business freedom 53.9 67.7
Labor freedom 47.4 57.9
Monetary freedom 67.1 74.6
Trade freedom 62.2 74
Investment freedom 50 20
Financial freedom 40 20

Economic freedom by year comparison

The Economic Freedom Index for Bangladesh is 54.7, ranking 134/197, compared to 49 for China, ranking 167/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bangladesh
China
Year Economic freedom index
Bangladesh China
1995 40.9 52
1996 51.1 51.3
1997 49.9 51.7
1998 52 53.1
1999 50 54.8
2000 48.9 56.4
2001 51.2 52.6
2002 51.9 52.8
2003 49.3 52.6
2004 50 52.5
2005 47.5 53.7
2006 52.9 53.6
2007 46.7 52
2008 44.2 53.1
2009 47.5 53.2
2010 51.1 51
2011 53 52
2012 53.2 51.2
2013 52.6 51.9
2014 54.1 52.5
2015 53.9 52.7
2016 53.3 52
2017 55 57.4
2018 55.1 57.8
2019 55.6 58.4
2020 56.4 59.5
2021 56.5 58.4
2022 52.7 48
2023 54.4 48.3
2024 54.4 48.5
2025 54.7 49

More economic indicators

Bangladesh China
Services, % of GDP
51.4%
2024
56.7%
2024
Industry, % of GDP
34.1%
2024
36.5%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
6.78%
2024
GNI, Atlas method
$490B
2024
$19.3T
2024
GNI per capita, PPP
$10,060
2024
$26,920
2024
Total reserves including gold
$21.4B
2024
$3.46T
2024
Total reserves ranking
61/177
2024
1/177
2024
Net foreign direct investment
-$1.51B
2024
$154B
2024
Net inflows of foreign direct investment
$1.51B
2024
$18.6B
2024
Net outflows of foreign direct investment
-$2.07M
2024
$172B
2024
Servicing debt to the IMF, % of GNI
1.64%
2023
2.13%
2023
Poverty at national poverty lines
18.7%
2022
0%
2020
Gross capital formation, % of GDP
30.7%
2024
41.1%
2023

GDP per capita map

GDP per capita

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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.