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Economy of Bangladesh vs Hungary compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $223B for Hungary, ranking 36/197 and 55/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Bangladesh vs Hungary GDP by year

Bangladesh
Hungary
1x
Year GDP, current $
Bangladesh Hungary
2024 $450,119,432,069 $222,722,738,926
2023 $437,415,333,018 $213,240,316,635
2022 $460,131,689,083 $177,002,580,544
2021 $416,271,647,911 $183,282,685,440
2020 $373,979,442,362 $158,468,487,754
2019 $351,231,654,604 $164,936,682,034
2018 $321,362,752,442 $161,184,691,014
2017 $293,732,446,625 $143,335,098,992
2016 $265,224,515,675 $128,983,560,865
2015 $195,146,608,978 $125,244,126,623
2014 $172,886,611,654 $141,128,696,412
2013 $149,998,957,434 $135,646,053,779
2012 $133,310,747,603 $128,470,269,690
2011 $128,607,482,310 $141,712,804,954
2010 $115,275,540,051 $131,898,737,241
2009 $102,475,158,191 $130,807,441,076
2008 $91,636,997,371 $158,228,265,916
2007 $79,611,644,975 $140,123,326,896
2006 $71,795,736,172 $115,604,111,412
2005 $69,476,001,239 $113,098,237,571
2004 $65,108,544,250 $104,015,363,080
2003 $60,158,929,188 $85,190,469,121
2002 $54,724,081,491 $67,636,468,625
2001 $53,991,289,844 $53,800,068,066
2000 $53,369,787,319 $47,275,954,429
1999 $51,270,569,884 $49,160,204,397
1998 $49,984,559,471 $48,784,412,624
1997 $48,244,309,133 $47,398,564,799
1996 $46,438,484,108 $46,833,767,124
1995 $37,939,748,769 $46,577,614,589
1994 $33,768,660,883 $43,307,949,890
1993 $33,166,519,418 $40,256,233,360
1992 $31,708,874,594 $38,857,339,125
1991 $30,957,483,950 $34,867,307,353
1990 $31,598,340,778 $34,478,360,679
1989 $28,781,715,189 $30,422,508,938
1988 $26,579,005,558 $29,799,838,597
1987 $24,298,032,258 $27,232,016,527
1986 $21,774,033,333 $24,778,163,812
1985 $22,278,423,077 $21,510,643,750
1984 $18,920,840,000 $21,242,726,264
1983 $17,609,048,822 $21,910,365,258
1982 $18,525,399,202 $24,141,667,188
1981 $20,249,694,002 $23,705,883,892
1980 $18,138,049,096 $23,116,977,148
1979 $15,565,480,322 $19,959,731,325
1978 $13,281,767,143 $17,286,744,154
1977 $9,651,149,302 $14,783,674,055
1976 $10,117,113,333 $13,235,612,079
1975 $19,448,348,073 $11,420,392,515
1974 $12,512,460,520 $10,016,338,179
1973 $8,086,725,729 $9,138,292,402
1972 $6,288,245,867 $7,379,313,742
1971 $8,751,843,188 $6,291,568,221
1970 $8,992,722,167 $5,780,929,203
1969 $8,471,006,438 $5,429,812,387
1968 $7,483,685,771 $4,886,222,555
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/hungary | CC BY

GDP per capita in Bangladesh vs Hungary by year

Bangladesh
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $23,292 $48,552
2023 $2,551 $9,148 $22,231 $46,592
2022 $2,716 $8,451 $18,428 $44,366
2021 $2,483 $7,441 $19,031 $38,887
2020 $2,249 $6,641 $16,387 $35,584
2019 $2,130 $6,047 $17,013 $35,627
2018 $1,965 $5,490 $16,605 $32,258
2017 $1,811 $4,883 $14,736 $29,728
2016 $1,649 $4,579 $13,216 $28,179
2015 $1,224 $4,212 $12,783 $26,938
2014 $1,094 $3,973 $14,353 $25,796
2013 $958 $3,691 $13,739 $24,592
2012 $860 $3,434 $12,950 $23,205
2011 $837 $3,051 $14,211 $22,992
2010 $757 $2,834 $13,190 $21,691
2009 $679 $2,675 $13,051 $20,691
2008 $613 $2,555 $15,763 $20,709
2007 $538 $2,388 $13,935 $19,089
2006 $490 $2,195 $11,478 $18,362
2005 $480 $2,020 $11,212 $17,091
2004 $456 $1,862 $10,291 $16,251
2003 $427 $1,746 $8,410 $15,460
2002 $394 $1,659 $6,658 $14,532
2001 $395 $1,598 $5,281 $13,223
2000 $397 $1,512 $4,630 $11,872
1999 $388 $1,430 $4,802 $10,892
1998 $386 $1,373 $4,752 $10,415
1997 $379 $1,315 $4,606 $9,846
1996 $372 $1,261 $4,542 $9,388
1995 $309 $1,206 $4,509 $9,222
1994 $280.6 $1,145 $4,187 $8,888
1993 $280.8 $1,099 $3,887 $8,441
1992 $273.5 $1,045 $3,747 $8,284
1991 $272.1 $987 $3,361 $8,352
1990 $283.1 $941 $3,324 $9,169
1989 $263 - $2,902 -
1988 $247.9 - $2,812 -
1987 $231.5 - $2,566 -
1986 $212.1 - $2,331 -
1985 $222.2 - $2,020 -
1984 $193.4 - $1,991 -
1983 $184.7 - $2,050 -
1982 $199.6 - $2,255 -
1981 $224.2 - $2,213 -
1980 $206.1 - $2,158 -
1979 $181.1 - $1,865 -
1978 $158.3 - $1,618 -
1977 $117.9 - $1,388 -
1976 $126.7 - $1,249 -
1975 $249.8 - $1,083 -
1974 $165 - $956 -
1973 $109.7 - $876 -
1972 $87.8 - $710 -
1971 $124.5 - $607 -
1970 $130.2 - $559 -
1969 $125.9 - $527 -
1968 $114.4 - $476 -
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/hungary | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Hungary ranks 48th at $48,552.

Economic indicators

Bangladesh Hungary
Gross domestic product
$450B
2024
$223B
2024
GDP rank
36/197
2024
55/197
2024
GDP growth
4.22%
2023-2024
0.56%
2023-2024
GDP per capita
$2,593
2024
$23,292
2024
GDP per capita rank
146/197
2024
55/197
2024
GDP per capita, PPP
$9,647
2024
$48,552
2024
GDP per capita PPP rank
135/197
2024
48/197
2024
Government debt
$184B
2024
$164B
2024
Debt-to-GDP ratio
41%
2024
73.5%
2024
Government debt per person
$1,063
2024
$17,109
2024
Government debt per person rank
139/185
2024
37/185
2024
Average annual personal income after taxes
$2,222
2026
$16,996
2026
Market capitalization of domestic companies
$87.9B
2024
$41.5B
2024
Number of millionaires n/a
24,692
2025
Number of billionaires n/a
4
2025
Income share by richest 10%
25.5%
2022
24.4%
2022
Income share by poorest 10%
3.7%
2022
2.8%
2022
Government expenditure, % of GDP
12%
2024
46.9%
2024
Consumer prices inflation
9.7%
2023-2024
3.7%
2023-2024
Central bank interest rate
10%
2024
6.5%
2024
Unemployment rate
3.64%
2024
4.47%
2024
Population
178415186
9475525

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Bangladesh Hungary
Government spending Government debt Government spending Government debt
2024 12% 41% 46.9% 73.5%
2023 12.6% 39.7% 49.2% 73%
2022 13% 37.9% 48.7% 73.9%
2021 12.9% 35.6% 48.1% 76.2%
2020 13.3% 34.5% 51% 78.7%
2019 13.6% 32% 45.8% 65%
2018 13% 29.6% 45.9% 68.8%
2017 12.2% 28.3% 46.6% 72%
2016 11.6% 27.7% 46.7% 74.6%
2015 11.5% 28.2% 50.4% 75.7%
2014 11.7% 28.7% 50% 76.5%
2013 12.1% 28.3% 50.1% 77.2%
2012 11.7% 29.1% 49.2% 78.4%
2011 11.5% 29.4% 49.1% 80.5%
2010 10.6% 29.6% 48.9% 80.2%
2009 10.6% 33% 50.7% 78.2%
2008 11.5% 33.9% 48.8% 71.8%
2007 9.63% 35% 49.9% 65.6%
2006 10.1% 35.3% 51.4% 64.5%
2005 10.3% 35.6% 49.4% 60.6%
2004 9.88% 36.6% 48.8% 58.9%
2003 10.2% 37% 49.2% 58.2%
2002 10.4% 38.9% 51% 55.6%
2001 10.7% 37.1% 47.2% 52.2%
2000 9.76% 31.2% 47.3% 55.6%
1999 8.66% 32.7% 48.9% 60.3%
1998 9.82% 31.1% 50.7% 60.4%
1997 9.89% 29.1% 49.5% 62.2%
1996 9.79% 31% 50.9% 71.2%
1995 10.5% 32.9% 55% 83.9%
1994 10% 35.5% - 86.2%
1993 9.74% 34.1% - 87.2%
1992 8.8% 33.1% - 76.5%
1991 8.86% 31.8% - 74.2%
1990 9.14% 31.5% - 63.7%
1989 - - - 70.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–2002, retrieved 2026-02-20).

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

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 73.5% in Hungary, ranking 131/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Hungary
1x
Year Deficit/surplus, % of GDP
Bangladesh Hungary
2024 -3.69% -4.92%
2023 -4.39% -6.75%
2022 -4.53% -6.17%
2021 -3.56% -7.11%
2020 -4.84% -7.49%
2019 -5.41% -2.02%
2018 -4.07% -2.05%
2017 -4.17% -2.45%
2016 -3.16% -1.79%
2015 -3.29% -2%
2014 -2.62% -2.77%
2013 -2.86% -2.6%
2012 -2.56% -2.33%
2011 -2.96% -5.22%
2010 -2.23% -4.44%
2009 -2.68% -4.76%
2008 -3.36% -3.78%
2007 -1.86% -5.09%
2006 -2.15% -9.27%
2005 -2.4% -7.79%
2004 -2.21% -6.6%
2003 -1.96% -7.19%
2002 -2.3% -8.79%
2001 -3.44% -4%
2000 -2.5% -3.04%
1999 -1.35% -5.27%
1998 -2.2% -7.41%
1997 -1.94% -5.54%
1996 -2.01% -4.36%
1995 -0.38% -8.57%
1994 0.03% -
1993 0.43% -
1992 0.36% -
1991 0.44% -
1990 -0.15% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -0.17%
1942 - 0.31%
1941 - 0.2%
1940 - -0.07%
1939 - 0.19%
1938 - -0.11%
1937 - -0.01%
1936 - 0.08%
1935 - 0.03%
1934 - 0.04%
1933 - -0.03%
1932 - -0.22%
1931 - -0.32%
1930 - -0.26%
1929 - 0.02%
1928 - 0.12%
1927 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/hungary | 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 Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 30 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Hungary ran a deficit in 30 years. On average, Bangladesh posted an annual deficit equal to 2.9% of GDP, compared to deficit of 5.05% of GDP for Hungary.

Inflation comparison by year

Inflation
Bangladesh

Hungary
1x
Year Consumer prices inflation
Bangladesh Hungary
2024 9.7% 3.7%
2023 9% 17.1%
2022 6.1% 14.6%
2021 5.6% 5.11%
2020 5.6% 3.33%
2019 5.5% 3.34%
2018 5.8% 2.85%
2017 5.4% 2.35%
2016 5.9% 0.39%
2015 6.4% -0.06%
2014 7.3% -0.23%
2013 6.8% 1.73%
2012 8.9% 5.65%
2011 8.8% 3.93%
2010 7.3% 4.86%
2009 6.7% 4.21%
2008 9.9% 6.04%
2007 7.2% 7.96%
2006 7.2% 3.93%
2005 6.5% 3.56%
2004 8.1% 6.74%
2003 3.9% 4.66%
2002 2.4% 5.27%
2001 1.8% 9.12%
2000 3.6% 9.8%
1999 8.9% 10%
1998 6.7% 14.2%
1997 2.7% 18.3%

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/hungary | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 6.16% in Hungary. In 2024, inflation was 9.7% in Bangladesh and 3.7% in Hungary.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $5.95M
Machinery & equipment $1.64M
Processed food, beverages & tobacco $311K
Miscellaneous $2K
Hungary
Export category Export value
Chemicals & pharma $2.75M
Machinery & equipment $2.21M
Animal & marine products $494K
Textiles & consumer goods $371K
Processed food, beverages & tobacco $105K
Raw materials & minerals $24K
Metals $3K
Wood & paper products $3K
Miscellaneous $2K
Weapons & explosives $2K

Balance of trade

Bangladesh Hungary
Current account balance
$1.43B
2024
$3.52B
2024
Current account balance ranking
52/190
2024
36/190
2024
Current account balance, % of GDP
+0.32%
2024
+1.58%
2024
Goods imports
$63.8B
2024
$130B
2024
Goods exports
$47.3B
2024
$129B
2024
Service imports
$12.3B
2024
$27.9B
2024
Service exports
$7.47B
2024
$38.9B
2024
Imports of goods and services, % of GDP
16.3%
2024
71.1%
2024
Exports of goods and services, % of GDP
10.5%
2024
75.4%
2024

Economic freedom indices

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

Bangladesh Hungary
Economic freedom 54.8 62.5
Economic freedom ranking 131/197 86/197
Property rights 32.1 67.3
Government integrity 22.7 44
Judicial effectiveness 36.7 61.9
Tax burden 79.9 85.1
Government spending 95.3 30.2
Fiscal health 68.4 32.7
Business freedom 52.7 70.8
Labor freedom 50.5 56.5
Monetary freedom 65.8 72.1
Trade freedom 63 79.4
Investment freedom 50 80
Financial freedom 40 70

Economic freedom comparison by year

Bangladesh
Hungary
1x
Year Economic freedom index
Bangladesh Hungary
2026 54.8 62.5
2025 54.7 61.4
2024 54.4 61.2
2023 54.4 64.1
2022 52.7 66.9
2021 56.5 67.2
2020 56.4 66.4
2019 55.6 65
2018 55.1 66.7
2017 55 65.8
2016 53.3 66
2015 53.9 66.8
2014 54.1 67
2013 52.6 67.3
2012 53.2 67.1
2011 53 66.6
2010 51.1 66.1
2009 47.5 66.8
2008 44.2 67.6
2007 46.7 64.8
2006 52.9 65
2005 47.5 63.5
2004 50 62.7
2003 49.3 63
2002 51.9 64.5
2001 51.2 65.6
2000 48.9 64.4
1999 50 59.6
1998 52 56.9
1997 49.9 55.3
1996 51.1 56.8
1995 40.9 55.2

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 62.5 for Hungary, ranking 86/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Hungary
Services, % of GDP
51.4%
2024
59.5%
2024
Industry, % of GDP
34.1%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
2.71%
2024
GNI, Atlas method
$490B
2024
$199B
2024
GNI per capita, PPP
$10,060
2024
$47,290
2024
Total reserves including gold
$21.4B
2024
$46.4B
2024
Total reserves ranking
61/177
2024
42/177
2024
Net foreign direct investment
-$1.49B
2024
-$15.8B
2024
Net inflows of foreign direct investment
$1.31B
2024
-$62.2B
2024
Net outflows of foreign direct investment
$34.1M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
12.1%
2021
Gross capital formation, % of GDP
30.7%
2024
23.5%
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/hungary | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1927–2002, retrieved 2026-02-20)
  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.