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Economy of Bangladesh vs Georgia compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $34.2B for Georgia, ranking 36/197 and 107/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $12.3B (36.1% of GDP) in Georgia.

Bangladesh vs Georgia GDP by year

Bangladesh
Georgia
1x
Year GDP, current $
Bangladesh Georgia
2024 $450,119,432,069 $34,189,423,545
2023 $437,415,333,018 $30,777,833,601
2022 $460,131,689,083 $24,984,568,960
2021 $416,271,647,911 $18,853,115,589
2020 $373,979,442,362 $16,010,869,216
2019 $351,231,654,604 $17,638,337,117
2018 $321,362,752,442 $17,902,544,881
2017 $293,732,446,625 $16,473,125,375
2016 $265,224,515,675 $15,444,548,902
2015 $195,146,608,978 $15,223,796,149
2014 $172,886,611,654 $17,966,015,109
2013 $149,998,957,434 $17,517,660,144
2012 $133,310,747,603 $16,894,392,033
2011 $128,607,482,310 $15,475,290,469
2010 $115,275,540,051 $12,426,907,967
2009 $102,475,158,191 $10,766,920,066
2008 $91,636,997,371 $12,795,145,131
2007 $79,611,644,975 $10,172,931,089
2006 $71,795,736,172 $7,745,250,734
2005 $69,476,001,239 $6,410,912,050
2004 $65,108,544,250 $5,125,365,192
2003 $60,158,929,188 $3,991,377,904
2002 $54,724,081,491 $3,395,766,678
2001 $53,991,289,844 $3,219,462,262
2000 $53,369,787,319 $3,057,475,335
1999 $51,270,569,884 $2,800,025,883
1998 $49,984,559,471 $3,613,497,317
1997 $48,244,309,133 $3,510,520,231
1996 $46,438,484,108 $3,094,936,177
1995 $37,939,748,769 $2,693,732,612
1994 $33,768,660,883 $2,513,867,645
1993 $33,166,519,418 $2,701,181,331
1992 $31,708,874,594 $3,690,328,964
1991 $30,957,483,950 $6,324,503,311
1990 $31,598,340,778 $7,735,927,264
1989 $28,781,715,189 $8,902,632,715
1988 $26,579,005,558 $8,833,588,173
1987 $24,298,032,258 $7,321,981,334
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/georgia | CC BY

GDP per capita in Bangladesh vs Georgia by year

Bangladesh
GDP per capita

GDP per capita, PPP
Georgia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Georgia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $9,241 $28,285
2023 $2,551 $9,148 $8,284 $25,072
2022 $2,716 $8,451 $6,730 $22,461
2021 $2,483 $7,441 $5,084 $18,916
2020 $2,249 $6,641 $4,301 $16,791
2019 $2,130 $6,047 $4,741 $16,770
2018 $1,965 $5,490 $4,804 $15,022
2017 $1,811 $4,883 $4,419 $13,719
2016 $1,649 $4,579 $4,143 $13,065
2015 $1,224 $4,212 $4,087 $12,270
2014 $1,094 $3,973 $4,830 $11,771
2013 $958 $3,691 $4,712 $10,797
2012 $860 $3,434 $4,531 $10,060
2011 $837 $3,051 $4,120 $8,564
2010 $757 $2,834 $3,282 $7,712
2009 $679 $2,675 $2,823 $7,119
2008 $613 $2,555 $3,325 $7,279
2007 $538 $2,388 $2,635 $6,951
2006 $490 $2,195 $1,996 $5,980
2005 $480 $2,020 $1,643 $5,272
2004 $456 $1,862 $1,305 $4,635
2003 $427 $1,746 $1,010 $4,240
2002 $394 $1,659 $854 $3,719
2001 $395 $1,598 $802 $3,441
2000 $397 $1,512 $750 $3,161
1999 $388 $1,430 $674 $2,977
1998 $386 $1,373 $852 $2,795
1997 $379 $1,315 $807 $2,616
1996 $372 $1,261 $689 $2,253
1995 $309 $1,206 $578 $1,919
1994 $280.6 $1,145 $520 $1,764
1993 $280.8 $1,099 $550 $1,898
1992 $273.5 $1,045 $757 $2,643
1991 $272.1 $987 $1,308 $4,727
1990 $283.1 $941 $1,611 $5,836
1989 $263 - $1,853 -
1988 $247.9 - $1,844 -
1987 $231.5 - $1,544 -
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/georgia | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $9,241 in Georgia, ranking 89/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Georgia ranks 74th at $28,285.

Economic indicators

Bangladesh Georgia
Gross domestic product
$450B
2024
$34.2B
2024
GDP rank
36/197
2024
107/197
2024
GDP growth
4.22%
2023-2024
9.68%
2023-2024
GDP per capita
$2,593
2024
$9,241
2024
GDP per capita rank
146/197
2024
89/197
2024
GDP per capita, PPP
$9,647
2024
$28,285
2024
GDP per capita PPP rank
135/197
2024
74/197
2024
Government debt
$184B
2024
$12.3B
2024
Debt-to-GDP ratio
41%
2024
36.1%
2024
Government debt per person
$1,063
2024
$3,336
2024
Government debt per person rank
139/185
2024
96/185
2024
Average annual personal income after taxes
$2,222
2026
$6,891
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
26.2%
2024
Income share by poorest 10%
3.7%
2022
2.9%
2024
Government expenditure, % of GDP
12%
2024
30.3%
2024
Consumer prices inflation
9.7%
2023-2024
1.11%
2023-2024
Central bank interest rate
10%
2024
8%
2024
Unemployment rate
3.64%
2024
8.01%
2024
Population
178415186
3697615

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Georgia
Spending

Debt
1x
Year % of GDP
Bangladesh Georgia
Government spending Government debt Government spending Government debt
2024 12% 41% 30.3% 36.1%
2023 12.6% 39.7% 29.7% 38.9%
2022 13% 37.9% 28.5% 39.2%
2021 12.9% 35.6% 31.2% 49.1%
2020 13.3% 34.5% 34.1% 59.6%
2019 13.6% 32% 28.7% 40%
2018 13% 29.6% 26.7% 38.2%
2017 12.2% 28.3% 27.2% 38.9%
2016 11.6% 27.7% 27.8% 39.5%
2015 11.5% 28.2% 27% 36%
2014 11.7% 28.7% 27.5% 30.3%
2013 12.1% 28.3% 26.6% 28.9%
2012 11.7% 29.1% 27.7% 28.1%
2011 11.5% 29.4% 27.1% 27.7%
2010 10.6% 29.6% 31% 31.4%
2009 10.6% 33% 34.8% 33.6%
2008 11.5% 33.9% 31.8% 26.3%
2007 9.63% 35% 27.7% 22.5%
2006 10.1% 35.3% 22.7% 28.3%
2005 10.3% 35.6% 21.6% 35.3%
2004 9.88% 36.6% 18.9% 44.3%
2003 10.2% 37% 16.1% 54.6%
2002 10.4% 38.9% 16% 50.3%
2001 10.7% 37.1% 16.8% 53%
2000 9.76% 31.2% 16.9% 58.5%
1999 8.66% 32.7% 19.8% 76.5%
1998 9.82% 31.1% 18.9% 80%
1997 9.89% 29.1% 21.9% 48.2%
1996 9.79% 31% 18.4% 38.9%
1995 10.5% 32.9% 15.6% 19.8%
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/georgia | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Georgia spent $10.3B, or 30.3% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 36.1% in Georgia, ranking 131/185 and 144/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Georgia
1x
Year Deficit/surplus, % of GDP
Bangladesh Georgia
2024 -3.69% -2.3%
2023 -4.39% -2.33%
2022 -4.53% -2.2%
2021 -3.56% -5.97%
2020 -4.84% -9.16%
2019 -5.41% -1.82%
2018 -4.07% -0.8%
2017 -4.17% -0.45%
2016 -3.16% -1.49%
2015 -3.29% -1.16%
2014 -2.62% -1.78%
2013 -2.86% -1.25%
2012 -2.56% -0.71%
2011 -2.96% -0.81%
2010 -2.23% -4.48%
2009 -2.68% -6.36%
2008 -3.36% -1.92%
2007 -1.86% 0.81%
2006 -2.15% 3.28%
2005 -2.4% 2.14%
2004 -2.21% 3.59%
2003 -1.96% -0.55%
2002 -2.3% -0.19%
2001 -3.44% -0.71%
2000 -2.5% -1.92%
1999 -1.35% -4.72%
1998 -2.2% -4%
1997 -1.94% -6.79%
1996 -2.01% -5.91%
1995 -0.38% -4.89%
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/georgia | 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 Georgia's deficit of $785M, or 2.3% of GDP.

Over the past 30 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Georgia ran a deficit in 26 years. On average, Bangladesh posted an annual deficit equal to 2.9% of GDP, compared to deficit of 2.16% of GDP for Georgia.

Inflation comparison by year

Inflation
Bangladesh

Georgia
1x
Year Consumer prices inflation
Bangladesh Georgia
2024 9.7% 1.11%
2023 9% 2.49%
2022 6.1% 11.9%
2021 5.6% 9.57%
2020 5.6% 5.2%
2019 5.5% 4.85%
2018 5.8% 2.62%
2017 5.4% 6.04%
2016 5.9% 2.13%
2015 6.4% 4%
2014 7.3% 3.07%
2013 6.8% -0.51%
2012 8.9% -0.94%
2011 8.8% 8.54%
2010 7.3% 7.11%
2009 6.7% 1.73%
2008 9.9% 10%
2007 7.2% 9.24%
2006 7.2% 9.16%
2005 6.5% 8.25%
2004 8.1% 5.66%
2003 3.9% 0.84%
2002 2.4% 5.59%
2001 1.8% 4.65%
2000 3.6% 4.06%
1999 8.9% 19.2%
1998 6.7% 3.57%
1997 2.7% 7.09%

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/georgia | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 5.58% in Georgia. In 2024, inflation was 9.7% in Bangladesh and 1.11% in Georgia.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $619K
Chemicals & pharma $42K
Raw materials & minerals $2K
Georgia
Export category Export value
Transport & tourism services $1.9M
Metals $127K
Machinery & equipment $70K
Chemicals & pharma $13K
Textiles & consumer goods $6K
Wood & paper products $4K
Raw materials & minerals $3K
Miscellaneous $2K

Balance of trade

Bangladesh Georgia
Current account balance
$1.43B
2024
-$1.79B
2024
Current account balance ranking
52/190
2024
139/190
2024
Current account balance, % of GDP
+0.32%
2024
-5.22%
2024
Goods imports
$63.8B
2024
$15.2B
2024
Goods exports
$47.3B
2024
$8.63B
2024
Service imports
$12.3B
2024
$3.81B
2024
Service exports
$7.47B
2024
$7.71B
2024
Imports of goods and services, % of GDP
16.3%
2024
55.6%
2024
Exports of goods and services, % of GDP
10.5%
2024
47.8%
2024

Economic freedom indices

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

Bangladesh Georgia
Economic freedom 54.8 69.6
Economic freedom ranking 131/197 41/197
Property rights 32.1 53
Government integrity 22.7 59.9
Judicial effectiveness 36.7 53.8
Tax burden 79.9 87.8
Government spending 95.3 73.9
Fiscal health 68.4 89.1
Business freedom 52.7 76.6
Labor freedom 50.5 64
Monetary freedom 65.8 70.2
Trade freedom 63 86.8
Investment freedom 50 60
Financial freedom 40 60

Economic freedom comparison by year

Bangladesh
Georgia
1x
Year Economic freedom index
Bangladesh Georgia
2026 54.8 69.6
2025 54.7 69
2024 54.4 68.4
2023 54.4 68.7
2022 52.7 71.8
2021 56.5 77.2
2020 56.4 77.1
2019 55.6 75.9
2018 55.1 76.2
2017 55 76
2016 53.3 72.6
2015 53.9 73
2014 54.1 72.6
2013 52.6 72.2
2012 53.2 69.4
2011 53 70.4
2010 51.1 70.4
2009 47.5 69.8
2008 44.2 69.2
2007 46.7 69.3
2006 52.9 64.5
2005 47.5 57.1
2004 50 58.9
2003 49.3 58.6
2002 51.9 56.7
2001 51.2 58.3
2000 48.9 54.3
1999 50 52.5
1998 52 47.9
1997 49.9 46.5
1996 51.1 44.1
1995 40.9 -

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 69.6 for Georgia, ranking 41/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Georgia
Services, % of GDP
51.4%
2024
62%
2024
Industry, % of GDP
34.1%
2024
19.6%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
5.49%
2024
GNI, Atlas method
$490B
2024
$30B
2024
GNI per capita, PPP
$10,060
2024
$26,200
2024
Total reserves including gold
$21.4B
2024
$4.45B
2024
Total reserves ranking
61/177
2024
104/177
2024
Net foreign direct investment
-$1.49B
2024
-$1.14B
2024
Net inflows of foreign direct investment
$1.31B
2024
$1.6B
2024
Net outflows of foreign direct investment
$34.1M
2024
$462M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
15.2%
2024
Poverty at national poverty lines
18.7%
2022
9.4%
2024
Gross capital formation, % of GDP
30.7%
2024
24.5%
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/georgia | 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 (2015–2022, 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.