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Economy of Bangladesh vs Estonia compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $43.1B for Estonia, ranking 36/197 and 100/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Bangladesh vs Estonia GDP by year

Bangladesh
Estonia
1x
Year GDP, current $
Bangladesh Estonia
2024 $450,119,432,069 $43,130,419,829
2023 $437,415,333,018 $41,470,344,395
2022 $460,131,689,083 $38,226,641,740
2021 $416,271,647,911 $37,201,101,171
2020 $373,979,442,362 $31,820,771,494
2019 $351,231,654,604 $31,873,748,770
2018 $321,362,752,442 $31,222,632,741
2017 $293,732,446,625 $27,469,461,919
2016 $265,224,515,675 $24,561,027,788
2015 $195,146,608,978 $23,311,847,751
2014 $172,886,611,654 $27,055,689,003
2013 $149,998,957,434 $25,451,032,781
2012 $133,310,747,603 $23,237,406,116
2011 $128,607,482,310 $23,303,915,795
2010 $115,275,540,051 $19,524,355,419
2009 $102,475,158,191 $19,633,984,440
2008 $91,636,997,371 $24,342,935,404
2007 $79,611,644,975 $22,450,264,166
2006 $71,795,736,172 $17,025,671,810
2005 $69,476,001,239 $14,109,491,357
2004 $65,108,544,250 $12,148,595,031
2003 $60,158,929,188 $9,876,595,528
2002 $54,724,081,491 $7,370,119,619
2001 $53,991,289,844 $6,250,218,423
2000 $53,369,787,319 $5,686,579,748
1999 $51,270,569,884 $5,756,912,266
1998 $49,984,559,471 $5,674,080,543
1997 $48,244,309,133 $5,154,420,649
1996 $46,438,484,108 $4,786,018,988
1995 $37,939,748,769 $4,502,970,889
1994 $33,768,660,883 $4,123,011,420
1993 $33,166,519,418 $4,013,091,682
1992 $31,708,874,594 -
1991 $30,957,483,950 -
1990 $31,598,340,778 -
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/estonia | CC BY

GDP per capita in Bangladesh vs Estonia by year

Bangladesh
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $31,428 $49,969
2023 $2,551 $9,148 $30,264 $48,637
2022 $2,716 $8,451 $28,340 $48,218
2021 $2,483 $7,441 $27,951 $44,252
2020 $2,249 $6,641 $23,934 $40,672
2019 $2,130 $6,047 $24,021 $40,586
2018 $1,965 $5,490 $23,618 $37,121
2017 $1,811 $4,883 $20,852 $34,507
2016 $1,649 $4,579 $18,666 $31,948
2015 $1,224 $4,212 $17,722 $29,713
2014 $1,094 $3,973 $20,582 $29,404
2013 $958 $3,691 $19,310 $27,831
2012 $860 $3,434 $17,568 $26,243
2011 $837 $3,051 $17,556 $24,652
2010 $757 $2,834 $14,664 $21,614
2009 $679 $2,675 $14,712 $20,489
2008 $613 $2,555 $18,206 $22,804
2007 $538 $2,388 $16,745 $22,201
2006 $490 $2,195 $12,641 $19,344
2005 $480 $2,020 $10,415 $16,638
2004 $456 $1,862 $8,916 $14,538
2003 $427 $1,746 $7,205 $13,135
2002 $394 $1,659 $5,343 $11,667
2001 $395 $1,598 $4,503 $10,309
2000 $397 $1,512 $4,071 $9,425
1999 $388 $1,430 $4,141 $8,412
1998 $386 $1,373 $4,093 $8,451
1997 $379 $1,315 $3,683 $7,980
1996 $372 $1,261 $3,381 $6,892
1995 $309 $1,206 $3,134 $6,480
1994 $280.6 $1,145 $2,819 $5,967
1993 $280.8 $1,099 $2,686 $5,814
1992 $273.5 $1,045 - $5,872
1991 $272.1 $987 - $7,151
1990 $283.1 $941 - $7,481
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/estonia | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Estonia ranks 45th at $49,969.

Economic indicators

Bangladesh Estonia
Gross domestic product
$450B
2024
$43.1B
2024
GDP rank
36/197
2024
100/197
2024
GDP growth
4.22%
2023-2024
-0.09%
2023-2024
GDP per capita
$2,593
2024
$31,428
2024
GDP per capita rank
146/197
2024
40/197
2024
GDP per capita, PPP
$9,647
2024
$49,969
2024
GDP per capita PPP rank
135/197
2024
45/197
2024
Government debt
$184B
2024
$10.1B
2024
Debt-to-GDP ratio
41%
2024
23.4%
2024
Government debt per person
$1,063
2024
$7,356
2024
Government debt per person rank
139/185
2024
65/185
2024
Average annual personal income after taxes
$2,222
2026
$23,740
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Number of billionaires n/a
2
2025
Income share by richest 10%
25.5%
2022
23.7%
2023
Income share by poorest 10%
3.7%
2022
3.1%
2023
Government expenditure, % of GDP
12%
2024
43.6%
2024
Consumer prices inflation
9.7%
2023-2024
3.52%
2023-2024
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
7.5%
2024
Population
178415186
1339590

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Bangladesh Estonia
Government spending Government debt Government spending Government debt
2024 12% 41% 43.6% 23.4%
2023 12.6% 39.7% 43.5% 20.1%
2022 13% 37.9% 40.1% 19.2%
2021 12.9% 35.6% 42.1% 18.4%
2020 13.3% 34.5% 44.7% 19.1%
2019 13.6% 32% 39.1% 9.05%
2018 13% 29.6% 38.8% 8.51%
2017 12.2% 28.3% 38.9% 9.43%
2016 11.6% 27.7% 38.9% 10.2%
2015 11.5% 28.2% 39.3% 10.8%
2014 11.7% 28.7% 37.6% 11.6%
2013 12.1% 28.3% 38.3% 11.4%
2012 11.7% 29.1% 39.4% 11.1%
2011 11.5% 29.4% 37.6% 7.6%
2010 10.6% 29.6% 40.7% 7.99%
2009 10.6% 33% 46.1% 7.98%
2008 11.5% 33.9% 39.5% 4.67%
2007 9.63% 35% 33.8% 3.91%
2006 10.1% 35.3% 33.5% 4.72%
2005 10.3% 35.6% 33.7% 4.73%
2004 9.88% 36.6% 34.1% 5.16%
2003 10.2% 37% 35% 5.6%
2002 10.4% 38.9% 35.9% 5.66%
2001 10.7% 37.1% 35.3% 4.93%
2000 9.76% 31.2% 36.4% 5.11%
1999 8.66% 32.7% 40.7% 5.93%
1998 9.82% 31.1% 38.9% 5.4%
1997 9.89% 29.1% 35.8% 6.03%
1996 9.79% 31% 38.6% 7.3%
1995 10.5% 32.9% 39.5% 8.66%
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/estonia | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 23.4% in Estonia, ranking 131/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Estonia
1x
Year Deficit/surplus, % of GDP
Bangladesh Estonia
2024 -3.69% -1.51%
2023 -4.39% -3.13%
2022 -4.53% -1.08%
2021 -3.56% -2.57%
2020 -4.84% -5.42%
2019 -5.41% -0.11%
2018 -4.07% -1.15%
2017 -4.17% -1.07%
2016 -3.16% -0.62%
2015 -3.29% -0.24%
2014 -2.62% 0.42%
2013 -2.86% -0.66%
2012 -2.56% -0.86%
2011 -2.96% 0.09%
2010 -2.23% -1.09%
2009 -2.68% -3.43%
2008 -3.36% -2.92%
2007 -1.86% 2.5%
2006 -2.15% 2.71%
2005 -2.4% 1.07%
2004 -2.21% 2.29%
2003 -1.96% 1.67%
2002 -2.3% 0.29%
2001 -3.44% 0.4%
2000 -2.5% -0.11%
1999 -1.35% -3.42%
1998 -2.2% 0.65%
1997 -1.94% 2.98%
1996 -2.01% -0.93%
1995 -0.38% -0.26%
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/estonia | 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 Estonia's deficit of $651M, or 1.51% of GDP.

Over the past 30 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Estonia ran a deficit in 19 years. On average, Bangladesh posted an annual deficit equal to 2.9% of GDP, compared to deficit of 0.52% of GDP for Estonia.

Inflation comparison by year

Inflation
Bangladesh

Estonia
1x
Year Consumer prices inflation
Bangladesh Estonia
2024 9.7% 3.52%
2023 9% 9.16%
2022 6.1% 19.4%
2021 5.6% 4.65%
2020 5.6% -0.44%
2019 5.5% 2.28%
2018 5.8% 3.44%
2017 5.4% 3.42%
2016 5.9% 0.15%
2015 6.4% -0.49%
2014 7.3% -0.11%
2013 6.8% 2.78%
2012 8.9% 3.93%
2011 8.8% 4.98%
2010 7.3% 2.97%
2009 6.7% -0.08%
2008 9.9% 10.4%
2007 7.2% 6.6%
2006 7.2% 4.44%
2005 6.5% 4.08%
2004 8.1% 3.05%
2003 3.9% 1.33%
2002 2.4% 3.57%
2001 1.8% 5.75%
2000 3.6% 4.02%
1999 8.9% 3.3%
1998 6.7% 8.21%
1997 2.7% 10.6%

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/estonia | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 4.46% in Estonia. In 2024, inflation was 9.7% in Bangladesh and 3.52% in Estonia.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $1.27M
Processed food, beverages & tobacco $24K
Machinery & equipment $1K
Estonia
Export category Export value
Wood & paper products $737K
Textiles & consumer goods $153K
Animal & marine products $90K
Raw materials & minerals $71K
Processed food, beverages & tobacco $67K
Metals $51K
Machinery & equipment $14K
Raw agricultural goods $9K
Chemicals & pharma $7K
Miscellaneous $3K

Balance of trade

Bangladesh Estonia
Current account balance
$1.43B
2024
-$543M
2024
Current account balance ranking
52/190
2024
107/190
2024
Current account balance, % of GDP
+0.32%
2024
-1.26%
2024
Goods imports
$63.8B
2024
$22.1B
2024
Goods exports
$47.3B
2024
$19B
2024
Service imports
$12.3B
2024
$10.4B
2024
Service exports
$7.47B
2024
$13.6B
2024
Imports of goods and services, % of GDP
16.3%
2024
75.4%
2024
Exports of goods and services, % of GDP
10.5%
2024
75.7%
2024

Economic freedom indices

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

Bangladesh Estonia
Economic freedom 54.8 78.7
Economic freedom ranking 131/197 10/197
Property rights 32.1 93.6
Government integrity 22.7 86.3
Judicial effectiveness 36.7 92.4
Tax burden 79.9 77.9
Government spending 95.3 46
Fiscal health 68.4 93.1
Business freedom 52.7 82.8
Labor freedom 50.5 59
Monetary freedom 65.8 73.9
Trade freedom 63 79.4
Investment freedom 50 90
Financial freedom 40 70

Economic freedom comparison by year

Bangladesh
Estonia
1x
Year Economic freedom index
Bangladesh Estonia
2026 54.8 78.7
2025 54.7 78.9
2024 54.4 77.8
2023 54.4 78.6
2022 52.7 80
2021 56.5 78.2
2020 56.4 77.7
2019 55.6 76.6
2018 55.1 78.8
2017 55 79.1
2016 53.3 77.2
2015 53.9 76.8
2014 54.1 75.9
2013 52.6 75.3
2012 53.2 73.2
2011 53 75.2
2010 51.1 74.7
2009 47.5 76.4
2008 44.2 77.9
2007 46.7 78
2006 52.9 74.9
2005 47.5 75.2
2004 50 77.4
2003 49.3 77.7
2002 51.9 77.6
2001 51.2 76.1
2000 48.9 69.9
1999 50 73.8
1998 52 72.5
1997 49.9 69.1
1996 51.1 65.4
1995 40.9 65.2

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

GeoRank.org/economy/bangladesh/estonia | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Estonia
Services, % of GDP
51.4%
2024
65.7%
2024
Industry, % of GDP
34.1%
2024
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
1.77%
2024
GNI, Atlas method
$490B
2024
$39.6B
2024
GNI per capita, PPP
$10,060
2024
$48,880
2024
Total reserves including gold
$21.4B
2024
$2.07B
2024
Total reserves ranking
61/177
2024
125/177
2024
Net foreign direct investment
-$1.49B
2024
-$285M
2024
Net inflows of foreign direct investment
$1.31B
2024
-$3.44B
2024
Net outflows of foreign direct investment
$34.1M
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
22.5%
2022
Gross capital formation, % of GDP
30.7%
2024
24.6%
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/estonia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-02-20)
  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.