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Economy of Bangladesh vs Dominican Republic compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $124B for the Dominican Republic, ranking 36/197 and 63/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $73.1B (58.8% of GDP) in the Dominican Republic.

Bangladesh vs Dominican Republic GDP by year

Bangladesh
Dominican Republic
1x
Year GDP, current $
Bangladesh Dominican Republic
2024 $450,119,432,069 $124,282,245,639
2023 $437,415,333,018 $120,456,239,154
2022 $460,131,689,083 $113,478,087,135
2021 $416,271,647,911 $94,850,719,517
2020 $373,979,442,362 $78,546,672,407
2019 $351,231,654,604 $89,146,130,745
2018 $321,362,752,442 $84,994,732,049
2017 $293,732,446,625 $79,070,274,743
2016 $265,224,515,675 $75,552,902,636
2015 $195,146,608,978 $70,966,782,572
2014 $172,886,611,654 $67,014,329,100
2013 $149,998,957,434 $62,555,417,415
2012 $133,310,747,603 $60,561,635,556
2011 $128,607,482,310 $57,948,261,616
2010 $115,275,540,051 $53,801,053,353
2009 $102,475,158,191 $48,223,781,477
2008 $91,636,997,371 $48,091,433,554
2007 $79,611,644,975 $43,965,458,509
2006 $71,795,736,172 $37,879,830,084
2005 $69,476,001,239 $35,777,560,684
2004 $65,108,544,250 $22,322,387,382
2003 $60,158,929,188 $21,403,167,848
2002 $54,724,081,491 $27,137,440,786
2001 $53,991,289,844 $25,601,823,688
2000 $53,369,787,319 $24,305,780,629
1999 $51,270,569,884 $22,136,579,397
1998 $49,984,559,471 $21,672,215,547
1997 $48,244,309,133 $20,017,450,041
1996 $46,438,484,108 $18,241,622,548
1995 $37,939,748,769 $16,637,370,839
1994 $33,768,660,883 $14,644,734,599
1993 $33,166,519,418 $13,081,042,400
1992 $31,708,874,594 $11,605,382,504
1991 $30,957,483,950 $9,824,483,340
1990 $31,598,340,778 $7,073,675,545
1989 $28,781,715,189 $6,686,593,060
1988 $26,579,005,558 $5,374,299,981
1987 $24,298,032,258 $5,827,050,753
1986 $21,774,033,333 $6,122,128,558
1985 $22,278,423,077 $5,044,579,979
1984 $18,920,840,000 $11,594,000,000
1983 $17,609,048,822 $9,220,600,000
1982 $18,525,399,202 $8,267,400,000
1981 $20,249,694,002 $7,561,300,000
1980 $18,138,049,096 $6,761,300,000
1979 $15,565,480,322 $5,498,800,000
1978 $13,281,767,143 $4,734,400,000
1977 $9,651,149,302 $4,587,100,000
1976 $10,117,113,333 $3,951,500,000
1975 $19,448,348,073 $3,599,200,000
1974 $12,512,460,520 $2,925,700,000
1973 $8,086,725,729 $2,344,800,000
1972 $6,288,245,867 $1,987,400,000
1971 $8,751,843,188 $1,666,500,000
1970 $8,992,722,167 $1,485,500,000
1969 $8,471,006,438 $1,230,500,000
1968 $7,483,685,771 $1,079,100,000
1967 $7,253,575,688 $1,034,800,000
1966 $6,439,687,854 $983,900,000
1965 $5,906,636,792 $888,100,000
1964 $5,386,054,833 $1,025,599,900
1963 $5,319,458,563 $940,799,900
1962 $5,081,413,542 $824,100,000
1961 $4,817,580,375 $654,100,200
1960 $4,274,894,083 $672,399,700

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bangladesh vs Dominican Republic by year

Bangladesh
GDP per capita

GDP per capita, PPP
Dominican Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Dominican Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $10,876 $27,542
2023 $2,551 $9,148 $10,630 $25,840
2022 $2,716 $8,451 $10,104 $24,626
2021 $2,483 $7,441 $8,527 $22,053
2020 $2,249 $6,641 $7,135 $18,998
2019 $2,130 $6,047 $8,183 $19,767
2018 $1,965 $5,490 $7,883 $17,995
2017 $1,811 $4,883 $7,413 $16,846
2016 $1,649 $4,579 $7,160 $16,282
2015 $1,224 $4,212 $6,801 $14,804
2014 $1,094 $3,973 $6,496 $13,465
2013 $958 $3,691 $6,137 $12,414
2012 $860 $3,434 $6,014 $11,777
2011 $837 $3,051 $5,827 $11,695
2010 $757 $2,834 $5,479 $11,246
2009 $679 $2,675 $4,974 $10,382
2008 $613 $2,555 $5,024 $10,346
2007 $538 $2,388 $4,650 $9,951
2006 $490 $2,195 $4,055 $9,130
2005 $480 $2,020 $3,878 $8,215
2004 $456 $1,862 $2,452 $7,375
2003 $427 $1,746 $2,383 $7,098
2002 $394 $1,659 $3,066 $7,158
2001 $395 $1,598 $2,936 $6,848
2000 $397 $1,512 $2,831 $6,639
1999 $388 $1,430 $2,621 $6,305
1998 $386 $1,373 $2,608 $5,963
1997 $379 $1,315 $2,449 $5,618
1996 $372 $1,261 $2,271 $5,161
1995 $309 $1,206 $2,109 $4,871
1994 $280.6 $1,145 $1,892 $4,599
1993 $280.8 $1,099 $1,722 $4,474
1992 $273.5 $1,045 $1,558 $4,151
1991 $272.1 $987 $1,346 $3,722
1990 $283.1 $941 $989 $3,641
1989 $263 - $955 -
1988 $247.9 - $784 -
1987 $231.5 - $868 -
1986 $212.1 - $932 -
1985 $222.2 - $784 -
1984 $193.4 - $1,844 -
1983 $184.7 - $1,500 -
1982 $199.6 - $1,376 -
1981 $224.2 - $1,288 -
1980 $206.1 - $1,180 -
1979 $181.1 - $984 -
1978 $158.3 - $868 -
1977 $117.9 - $863 -
1976 $126.7 - $763 -
1975 $249.8 - $713 -
1974 $165 - $595 -
1973 $109.7 - $490 -
1972 $87.8 - $427 -
1971 $124.5 - $368 -
1970 $130.2 - $338 -
1969 $125.9 - $287.7 -
1968 $114.4 - $259.6 -
1967 $114.2 - $256.2 -
1966 $104.4 - $250.9 -
1965 $98.6 - $233.2 -
1964 $92.6 - $277.3 -
1963 $94.1 - $262.2 -
1962 $92.6 - $236.8 -
1961 $90.4 - $193.9 -
1960 $82.5 - $205.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $10,876 in the Dominican Republic, ranking 83/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while the Dominican Republic ranks 76th at $27,542.

Economic indicators

Bangladesh Dominican Republic
Gross domestic product
$450B
2024
$124B
2024
GDP rank
36/197
2024
63/197
2024
GDP growth
4.22%
2023-2024
4.95%
2023-2024
GDP per capita
$2,593
2024
$10,876
2024
GDP per capita rank
146/197
2024
83/197
2024
GDP per capita, PPP
$9,647
2024
$27,542
2024
GDP per capita PPP rank
135/197
2024
76/197
2024
Government debt
$184B
2024
$73.1B
2024
Debt-to-GDP ratio
41%
2024
58.8%
2024
Government debt per person
$1,063
2024
$6,394
2024
Government debt per person rank
139/185
2024
71/185
2024
Average annual personal income after taxes
$2,222
2026
$6,547
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
29.5%
2024
Income share by poorest 10%
3.7%
2022
2.3%
2024
Government expenditure, % of GDP
12%
2024
19.5%
2024
Consumer prices inflation
9.7%
2023-2024
3.3%
2023-2024
Central bank interest rate
10%
2024
5.5%
2025
Unemployment rate
3.64%
2024
5.31%
2024
Population
178415186
11637906

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Dominican Republic
Spending

Debt
1x
Year % of GDP
Bangladesh Dominican Republic
Government spending Government debt Government spending Government debt
2024 12% 41% 19.5% 58.8%
2023 12.6% 39.7% 19.1% 60.5%
2022 13% 37.9% 18.5% 59.6%
2021 12.9% 35.6% 18.4% 62.8%
2020 13.3% 34.5% 22.2% 71.8%
2019 13.6% 32% 17.8% 53.5%
2018 13% 29.6% 16.5% 50.8%
2017 12.2% 28.3% 17.3% 49.5%
2016 11.6% 27.7% 17% 46.7%
2015 11.5% 28.2% 16.7% 44.8%
2014 11.7% 28.7% 17% 45%
2013 12.1% 28.3% 18.5% 46.8%
2012 11.7% 29.1% 19.8% 42.4%
2011 11.5% 29.4% 16% 39.1%
2010 10.6% 29.6% 16.1% 37.4%
2009 10.6% 33% 16.2% 36.8%
2008 11.5% 33.9% 18.5% 33.6%
2007 9.63% 35% 16.3% 32.9%
2006 10.1% 35.3% 17% 36%
2005 10.3% 35.6% 15.5% 38.3%
2004 9.88% 36.6% 17.3% 34.3%
2003 10.2% 37% 17.2% 48.2%
2002 10.4% 38.9% 16.5% 21.5%
2001 10.7% 37.1% 14.9% 20.4%
2000 9.76% 31.2% 14.1% 16.7%
1999 8.66% 32.7% 13.4% 16%
1998 9.82% 31.1% 12.6% 13.2%
1997 9.89% 29.1% 13.2% 13.8%
1996 9.79% 31% 11.4% 23%
1995 10.5% 32.9% 11% 25.7%
1994 10% 35.5% 12.1% 28.5%
1993 9.74% 34.1% 13% 36.1%
1992 8.8% 33.1% 10.4% 38.5%
1991 8.86% 31.8% 8.65% 47.3%
1990 9.14% 31.5% 9.1% 84.7%
1989 - - 11.3% 62.5%
1988 - - 12.8% 77%
1987 - - 11.2% 86.9%
1986 - - 10.4% 63.8%
1985 - - 9.8% 66.3%
1984 - - 9.32% 28.9%
1983 - - 10.2% 32.9%
1982 - - 10.2% 33.1%
1981 - - 12.1% 29.8%
1980 - - 12.8% 15.2%
1979 - - 13.8% 24%
1978 - - 12.3% 20.9%
1977 - - 11.4% 16.4%
1976 - - 12.5% 15.6%
1975 - - 13.7% 13.1%
1974 - - 14.6% 14.6%
1973 - - 13.7% 14.6%
1972 - - 14.1% 16.4%
1971 - - 13.8% 17.8%
1970 - - 13.3% 18%
1969 - - 15.5% 17.4%
1968 - - 15.5% 18.1%
1967 - - 15% 16.2%
1966 - - 15.2% 14.5%
1965 - - 12.8% -
1964 - - 16.7% -
1963 - - 15.1% -
1962 - - 15.7% -
1961 - - 20% -
1960 - - 20.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2002, retrieved 2026-02-20).

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

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while the Dominican Republic spent $24.2B, or 19.5% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 58.8% in the Dominican Republic, ranking 131/185 and 83/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Dominican Republic
1x
Year Deficit/surplus, % of GDP
Bangladesh Dominican Republic
2024 -3.69% -3.09%
2023 -4.39% -3.28%
2022 -4.53% -3.25%
2021 -3.56% -2.92%
2020 -4.84% -7.94%
2019 -5.41% -3.46%
2018 -4.07% -2.17%
2017 -4.17% -3.12%
2016 -3.16% -3.11%
2015 -3.29% -0.03%
2014 -2.62% -2.76%
2013 -2.86% -4.41%
2012 -2.56% -6.26%
2011 -2.96% -3.07%
2010 -2.23% -2.97%
2009 -2.68% -2.9%
2008 -3.36% -3.43%
2007 -1.86% 0.28%
2006 -2.15% -1.69%
2005 -2.4% -0.71%
2004 -2.21% -3.6%
2003 -1.96% -4.24%
2002 -2.3% -2.28%
2001 -3.44% -0.73%
2000 -2.5% -0.86%
1999 -1.35% -0.79%
1998 -2.2% -0.29%
1997 -1.94% -0.64%
1996 -2.01% 0.14%
1995 -0.38% 0.82%
1994 0.03% -0.39%
1993 0.43% -0.16%
1992 0.36% 2.35%
1991 0.44% 0.11%
1990 -0.15% 0.39%
1989 - -0.09%
1988 - -1.68%
1987 - -0.75%
1986 - -0.57%
1985 - -1.27%
1984 - -0.95%
1983 - -1.74%
1982 - -2.4%
1981 - -1.92%
1980 - -1.82%
1979 - -3.26%
1978 - -0.82%
1977 - 0.15%
1976 - -0.22%
1975 - 1.37%
1974 - -0.93%
1973 - -0.53%
1972 - -1.73%
1971 - -0.85%
1970 - -0.68%
1969 - -0.99%
1968 - -0.99%
1967 - -1.68%
1966 - -2.14%
1965 - -1.84%
1964 - -1.36%
1963 - -0.39%
1962 - -1.17%
1961 - -3%
1960 - -0.61%
1959 - -0.29%
1958 - -1.29%
1957 - 0.21%
1956 - -0.05%
1955 - 1.47%
1954 - 1.43%
1953 - 2.79%
1952 - 0%
1951 - -2.58%
1950 - -3.66%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/dominican-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 Dominican Republic's deficit of $3.84B, or 3.09% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while the Dominican Republic ran a deficit in 29 years. On average, Bangladesh posted an annual deficit equal to 2.46% of GDP, compared to deficit of 2.01% of GDP for the Dominican Republic.

Inflation comparison by year

Inflation
Bangladesh

Dominican Republic
1x
Year Consumer prices inflation
Bangladesh Dominican Republic
2024 9.7% 3.3%
2023 9% 4.79%
2022 6.1% 8.81%
2021 5.6% 8.24%
2020 5.6% 3.78%
2019 5.5% 1.81%
2018 5.8% 3.56%
2017 5.4% 3.28%
2016 5.9% 1.61%
2015 6.4% 0.84%
2014 7.3% 3%
2013 6.8% 4.83%
2012 8.9% 3.69%
2011 8.8% 5.8%
2010 7.3% 6.33%
2009 6.7% 1.44%
2008 9.9% 10.6%
2007 7.2% 6.14%
2006 7.2% 7.57%
2005 6.5% 4.19%
2004 8.1% 51.5%
2003 3.9% 27.4%
2002 2.4% 5.22%
2001 1.8% 8.88%
2000 3.6% 7.72%
1999 8.9% 6.47%
1998 6.7% 4.83%
1997 2.7% 8.3%

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/dominican-republic | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 7.64% in the Dominican Republic. In 2024, inflation was 9.7% in Bangladesh and 3.3% in the Dominican Republic.

Top exports between countries

Bangladesh
Export category Export value
Processed food, beverages & tobacco $665K
Textiles & consumer goods $80K
Machinery & equipment $41K
Chemicals & pharma $6K
Dominican Republic
Export category Export value
Metals $5.16M
Textiles & consumer goods $327K
Machinery & equipment $237K
Processed food, beverages & tobacco $219K
Animal & marine products $37K
Chemicals & pharma $3K
Miscellaneous $1K

Balance of trade

Bangladesh Dominican Republic
Current account balance
$1.43B
2024
-$4.17B
2024
Current account balance ranking
52/190
2024
163/190
2024
Current account balance, % of GDP
+0.32%
2024
-3.35%
2024
Goods imports
$63.8B
2024
$29.8B
2024
Goods exports
$47.3B
2024
$13.9B
2024
Service imports
$12.3B
2024
$6.34B
2024
Service exports
$7.47B
2024
$14.7B
2024
Imports of goods and services, % of GDP
16.3%
2024
29%
2024
Exports of goods and services, % of GDP
10.5%
2024
22.8%
2024

Economic freedom indices

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

Bangladesh Dominican Republic
Economic freedom 54.8 63.8
Economic freedom ranking 131/197 77/197
Property rights 32.1 53.9
Government integrity 22.7 39.8
Judicial effectiveness 36.7 58
Tax burden 79.9 84.4
Government spending 95.3 89.1
Fiscal health 68.4 76.6
Business freedom 52.7 71.4
Labor freedom 50.5 53.2
Monetary freedom 65.8 72.1
Trade freedom 63 67.4
Investment freedom 50 60
Financial freedom 40 40

Economic freedom comparison by year

Bangladesh
Dominican Republic
1x
Year Economic freedom index
Bangladesh Dominican Republic
2026 54.8 63.8
2025 54.7 64.3
2024 54.4 62.9
2023 54.4 62.6
2022 52.7 63
2021 56.5 62.1
2020 56.4 60.9
2019 55.6 61
2018 55.1 61.6
2017 55 62.9
2016 53.3 61
2015 53.9 61
2014 54.1 61.3
2013 52.6 59.7
2012 53.2 60.2
2011 53 60
2010 51.1 60.3
2009 47.5 59.2
2008 44.2 57.7
2007 46.7 56.8
2006 52.9 56.3
2005 47.5 55.1
2004 50 54.6
2003 49.3 57.8
2002 51.9 58.6
2001 51.2 59.1
2000 48.9 59
1999 50 58.1
1998 52 58.1
1997 49.9 53.5
1996 51.1 58.1
1995 40.9 55.8

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 63.8 for the Dominican Republic, ranking 77/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Dominican Republic
Services, % of GDP
51.4%
2024
59.8%
2024
Industry, % of GDP
34.1%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
4.45%
2024
GNI, Atlas method
$490B
2024
$117B
2024
GNI per capita, PPP
$10,060
2024
$26,050
2024
Total reserves including gold
$21.4B
2024
$13.5B
2024
Total reserves ranking
61/177
2024
71/177
2024
Net foreign direct investment
-$1.49B
2024
-$4.52B
2024
Net inflows of foreign direct investment
$1.31B
2024
$4.48B
2024
Net outflows of foreign direct investment
$34.1M
2024
-$47.3M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
5.62%
2024
Poverty at national poverty lines
18.7%
2022
19%
2024
Gross capital formation, % of GDP
30.7%
2024
27%
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/dominican-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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–2002, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2015–2024, 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.