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Economy of Bangladesh vs Czech Republic compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $347B for the Czech Republic, ranking 36/197 and 44/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $150B (43.3% of GDP) in the Czech Republic.

Bangladesh vs Czech Republic GDP by year

Bangladesh
Czech Republic
1x
Year GDP, current $
Bangladesh Czech Republic
2024 $450,119,432,069 $347,034,062,928
2023 $437,415,333,018 $345,059,295,660
2022 $460,131,689,083 $301,831,228,326
2021 $416,271,647,911 $290,972,714,482
2020 $373,979,442,362 $251,109,660,603
2019 $351,231,654,604 $256,794,209,029
2018 $321,362,752,442 $251,992,360,762
2017 $293,732,446,625 $221,563,575,696
2016 $265,224,515,675 $198,160,659,304
2015 $195,146,608,978 $189,107,698,562
2014 $172,886,611,654 $210,911,285,078
2013 $149,998,957,434 $213,024,360,541
2012 $133,310,747,603 $210,363,223,088
2011 $128,607,482,310 $231,429,378,717
2010 $115,275,540,051 $211,168,667,286
2009 $102,475,158,191 $206,971,882,705
2008 $91,636,997,371 $236,506,264,754
2007 $79,611,644,975 $190,040,702,287
2006 $71,795,736,172 $156,236,258,387
2005 $69,476,001,239 $137,264,185,596
2004 $65,108,544,250 $120,147,899,984
2003 $60,158,929,188 $100,435,924,705
2002 $54,724,081,491 $82,607,869,610
2001 $53,991,289,844 $68,135,304,464
2000 $53,369,787,319 $62,175,642,238
1999 $51,270,569,884 $65,586,562,605
1998 $49,984,559,471 $67,187,217,328
1997 $48,244,309,133 $62,539,765,163
1996 $46,438,484,108 $67,804,105,330
1995 $37,939,748,769 $60,572,381,311
1994 $33,768,660,883 $48,188,478,339
1993 $33,166,519,418 $41,155,654,032
1992 $31,708,874,594 $35,051,065,440
1991 $30,957,483,950 $30,071,014,282
1990 $31,598,340,778 $41,016,881,802
1989 $28,781,715,189 -
1988 $26,579,005,558 -
1987 $24,298,032,258 -
1986 $21,774,033,333 -
1985 $22,278,423,077 -
1984 $18,920,840,000 -
1983 $17,609,048,822 -
1982 $18,525,399,202 -
1981 $20,249,694,002 -
1980 $18,138,049,096 -
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/czech-republic | CC BY

GDP per capita in Bangladesh vs Czech Republic by year

Bangladesh
GDP per capita

GDP per capita, PPP
Czech Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Czech Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $31,823 $57,285
2023 $2,551 $9,148 $31,762 $55,761
2022 $2,716 $8,451 $28,282 $52,947
2021 $2,483 $7,441 $27,696 $47,796
2020 $2,249 $6,641 $23,473 $44,839
2019 $2,130 $6,047 $24,063 $45,614
2018 $1,965 $5,490 $23,706 $41,638
2017 $1,811 $4,883 $20,913 $39,346
2016 $1,649 $4,579 $18,754 $36,445
2015 $1,224 $4,212 $17,932 $34,093
2014 $1,094 $3,973 $20,038 $32,743
2013 $958 $3,691 $20,260 $31,013
2012 $860 $3,434 $20,014 $29,466
2011 $837 $3,051 $22,049 $29,237
2010 $757 $2,834 $20,160 $28,154
2009 $679 $2,675 $19,817 $27,713
2008 $613 $2,555 $22,775 $27,938
2007 $538 $2,388 $18,453 $26,268
2006 $490 $2,195 $15,259 $23,914
2005 $480 $2,020 $13,442 $22,115
2004 $456 $1,862 $11,783 $20,988
2003 $427 $1,746 $9,852 $19,604
2002 $394 $1,659 $8,101 $18,344
2001 $395 $1,598 $6,669 $17,709
2000 $397 $1,512 $6,063 $16,332
1999 $388 $1,430 $6,378 $15,494
1998 $386 $1,373 $6,527 $15,064
1997 $379 $1,315 $6,069 $14,911
1996 $372 $1,261 $6,573 $14,781
1995 $309 $1,206 $5,865 $13,957
1994 $280.6 $1,145 $4,663 $12,862
1993 $280.8 $1,099 $3,984 $12,242
1992 $273.5 $1,045 $3,397 $11,963
1991 $272.1 $987 $2,917 $11,768
1990 $283.1 $941 $3,969 $12,848
1989 $263 - - -
1988 $247.9 - - -
1987 $231.5 - - -
1986 $212.1 - - -
1985 $222.2 - - -
1984 $193.4 - - -
1983 $184.7 - - -
1982 $199.6 - - -
1981 $224.2 - - -
1980 $206.1 - - -
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/czech-republic | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $31,823 in the Czech Republic, ranking 39/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while the Czech Republic ranks 35th at $57,285.

Economic indicators

Bangladesh Czech Republic
Gross domestic product
$450B
2024
$347B
2024
GDP rank
36/197
2024
44/197
2024
GDP growth
4.22%
2023-2024
1.23%
2023-2024
GDP per capita
$2,593
2024
$31,823
2024
GDP per capita rank
146/197
2024
39/197
2024
GDP per capita, PPP
$9,647
2024
$57,285
2024
GDP per capita PPP rank
135/197
2024
35/197
2024
Government debt
$184B
2024
$150B
2024
Debt-to-GDP ratio
41%
2024
43.3%
2024
Government debt per person
$1,063
2024
$13,792
2024
Government debt per person rank
139/185
2024
43/185
2024
Average annual personal income after taxes
$2,222
2026
$22,139
2026
Market capitalization of domestic companies
$87.9B
2024
$34.6B
2024
Number of billionaires n/a
11
2025
Income share by richest 10%
25.5%
2022
21.5%
2023
Income share by poorest 10%
3.7%
2022
3.8%
2023
Government expenditure, % of GDP
12%
2024
42.8%
2024
Consumer prices inflation
9.7%
2023-2024
2.44%
2023-2024
Central bank interest rate
10%
2024
3.5%
2025
Unemployment rate
3.64%
2024
2.6%
2024
Population
178415186
10649126

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Czech Republic
Spending

Debt
1x
Year % of GDP
Bangladesh Czech Republic
Government spending Government debt Government spending Government debt
2024 12% 41% 42.8% 43.3%
2023 12.6% 39.7% 43.7% 42.2%
2022 13% 37.9% 43% 42.5%
2021 12.9% 35.6% 45% 40.7%
2020 13.3% 34.5% 46.3% 36.9%
2019 13.6% 32% 40.4% 29.6%
2018 13% 29.6% 40.1% 31.7%
2017 12.2% 28.3% 38.5% 33.8%
2016 11.6% 27.7% 39.4% 36.2%
2015 11.5% 28.2% 41.7% 39.5%
2014 11.7% 28.7% 42.3% 41.5%
2013 12.1% 28.3% 42.4% 44.1%
2012 11.7% 29.1% 44.4% 43.8%
2011 11.5% 29.4% 42.8% 39.4%
2010 10.6% 29.6% 43.2% 36.7%
2009 10.6% 33% 44.5% 33.4%
2008 11.5% 33.9% 40.9% 28.2%
2007 9.63% 35% 40.5% 27.3%
2006 10.1% 35.3% 41.5% 27.6%
2005 10.3% 35.6% 42.3% 27.7%
2004 9.88% 36.6% 42.2% 28.3%
2003 10.2% 37% 49% 28.1%
2002 10.4% 38.9% 44.4% 25.7%
2001 10.7% 37.1% 43.1% 22.6%
2000 9.76% 31.2% 40.6% 16.9%
1999 8.66% 32.7% 40.9% 15.1%
1998 9.82% 31.1% 41.6% 13.9%
1997 9.89% 29.1% 41.3% 12.1%
1996 9.79% 31% 41.4% 11.5%
1995 10.5% 32.9% 52.8% 13.5%
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/czech-republic | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while the Czech Republic spent $148B, or 42.8% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 43.3% in the Czech Republic, ranking 131/185 and 124/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Czech Republic
1x
Year Deficit/surplus, % of GDP
Bangladesh Czech Republic
2024 -3.69% -1.99%
2023 -4.39% -3.73%
2022 -4.53% -3.07%
2021 -3.56% -4.95%
2020 -4.84% -5.65%
2019 -5.41% 0.28%
2018 -4.07% 0.88%
2017 -4.17% 1.46%
2016 -3.16% 0.68%
2015 -3.29% -0.67%
2014 -2.62% -2.09%
2013 -2.86% -1.3%
2012 -2.56% -3.92%
2011 -2.96% -2.71%
2010 -2.23% -4.14%
2009 -2.68% -5.46%
2008 -3.36% -2%
2007 -1.86% -0.68%
2006 -2.15% -2.19%
2005 -2.4% -3.06%
2004 -2.21% -2.4%
2003 -1.96% -6.87%
2002 -2.3% -6.34%
2001 -3.44% -5.76%
2000 -2.5% -3.55%
1999 -1.35% -3.08%
1998 -2.2% -4.14%
1997 -1.94% -3.14%
1996 -2.01% -2.98%
1995 -0.38% -12.3%
1994 0.03% -
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/czech-republic | 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 the Czech Republic's deficit of $6.92B, or 1.99% of GDP.

Over the past 30 years, Bangladesh recorded a fiscal deficit in 30 of those years, while the Czech Republic ran a deficit in 26 years. On average, Bangladesh posted an annual deficit equal to 2.9% of GDP, compared to deficit of 3.16% of GDP for the Czech Republic.

Inflation comparison by year

Inflation
Bangladesh

Czech Republic
1x
Year Consumer prices inflation
Bangladesh Czech Republic
2024 9.7% 2.44%
2023 9% 10.7%
2022 6.1% 15.1%
2021 5.6% 3.84%
2020 5.6% 3.16%
2019 5.5% 2.85%
2018 5.8% 2.15%
2017 5.4% 2.45%
2016 5.9% 0.68%
2015 6.4% 0.31%
2014 7.3% 0.34%
2013 6.8% 1.44%
2012 8.9% 3.29%
2011 8.8% 1.92%
2010 7.3% 1.47%
2009 6.7% 1.02%
2008 9.9% 6.36%
2007 7.2% 2.85%
2006 7.2% 2.53%
2005 6.5% 1.86%
2004 8.1% 2.76%
2003 3.9% 0.12%
2002 2.4% 1.9%
2001 1.8% 4.66%
2000 3.6% 3.78%
1999 8.9% 2.14%
1998 6.7% 10.7%
1997 2.7% 8.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bangladesh/czech-republic | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 3.62% in the Czech Republic. In 2024, inflation was 9.7% in Bangladesh and 2.44% in the Czech Republic.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $209M
Machinery & equipment $152K
Processed food, beverages & tobacco $32K
Animal & marine products $21K
Wood & paper products $21K
Chemicals & pharma $15K
Czech Republic
Export category Export value
Machinery & equipment $29.6M
Animal & marine products $19M
Chemicals & pharma $4.72M
Metals $1.32M
Raw materials & minerals $1.22M
Textiles & consumer goods $686K
Processed food, beverages & tobacco $186K
Wood & paper products $67K
Raw agricultural goods $53K
Precious metals & jewellery $16K

Balance of trade

Bangladesh Czech Republic
Current account balance
$1.43B
2024
$6.05B
2024
Current account balance ranking
52/190
2024
31/190
2024
Current account balance, % of GDP
+0.32%
2024
+1.74%
2024
Goods imports
$63.8B
2024
$179B
2024
Goods exports
$47.3B
2024
$197B
2024
Service imports
$12.3B
2024
$38B
2024
Service exports
$7.47B
2024
$42.5B
2024
Imports of goods and services, % of GDP
16.3%
2024
62.6%
2024
Exports of goods and services, % of GDP
10.5%
2024
68.9%
2024

Economic freedom indices

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

Bangladesh Czech Republic
Economic freedom 54.8 73.2
Economic freedom ranking 131/197 25/197
Property rights 32.1 89.8
Government integrity 22.7 64.7
Judicial effectiveness 36.7 92.1
Tax burden 79.9 78.8
Government spending 95.3 44.2
Fiscal health 68.4 82.5
Business freedom 52.7 76.8
Labor freedom 50.5 55.1
Monetary freedom 65.8 75
Trade freedom 63 79.4
Investment freedom 50 70
Financial freedom 40 70

Economic freedom comparison by year

Bangladesh
Czech Republic
1x
Year Economic freedom index
Bangladesh Czech Republic
2026 54.8 73.2
2025 54.7 72.9
2024 54.4 70.2
2023 54.4 71.9
2022 52.7 74.4
2021 56.5 73.8
2020 56.4 74.8
2019 55.6 73.7
2018 55.1 74.2
2017 55 73.3
2016 53.3 73.2
2015 53.9 72.5
2014 54.1 72.2
2013 52.6 70.9
2012 53.2 69.9
2011 53 70.4
2010 51.1 69.8
2009 47.5 69.4
2008 44.2 68.1
2007 46.7 67.4
2006 52.9 66.4
2005 47.5 64.6
2004 50 67
2003 49.3 67.5
2002 51.9 66.5
2001 51.2 70.2
2000 48.9 68.6
1999 50 69.7
1998 52 68.4
1997 49.9 68.8
1996 51.1 68.1
1995 40.9 67.8

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

GeoRank.org/economy/bangladesh/czech-republic | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 73.2 for the Czech Republic, ranking 25/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Czech Republic
Services, % of GDP
51.4%
2024
60.2%
2024
Industry, % of GDP
34.1%
2024
29.2%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
1.9%
2024
GNI, Atlas method
$490B
2024
$322B
2024
GNI per capita, PPP
$10,060
2024
$54,800
2024
Total reserves including gold
$21.4B
2024
$146B
2024
Total reserves ranking
61/177
2024
22/177
2024
Net foreign direct investment
-$1.49B
2024
-$1.87B
2024
Net inflows of foreign direct investment
$1.31B
2024
$13.1B
2024
Net outflows of foreign direct investment
$34.1M
2024
$11.2B
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
10.2%
2021
Gross capital formation, % of GDP
30.7%
2024
26.3%
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/czech-republic | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2015–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-02-20)
  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.