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Economy of Bangladesh vs Indonesia compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $1.4T for Indonesia, ranking 36/197 and 16/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Bangladesh vs Indonesia GDP by year

Bangladesh
Indonesia
1x
Year GDP, current $
Bangladesh Indonesia
2024 $450,119,432,069 $1,396,300,098,191
2023 $437,415,333,018 $1,371,169,301,564
2022 $460,131,689,083 $1,319,101,183,380
2021 $416,271,647,911 $1,186,509,691,087
2020 $373,979,442,362 $1,059,054,842,698
2019 $351,231,654,604 $1,119,099,871,350
2018 $321,362,752,442 $1,042,271,532,989
2017 $293,732,446,625 $1,015,618,744,160
2016 $265,224,515,675 $931,877,364,038
2015 $195,146,608,978 $860,854,232,686
2014 $172,886,611,654 $890,814,755,534
2013 $149,998,957,434 $912,524,136,718
2012 $133,310,747,603 $917,869,913,333
2011 $128,607,482,310 $892,969,104,563
2010 $115,275,540,051 $755,094,157,622
2009 $102,475,158,191 $539,580,085,612
2008 $91,636,997,371 $510,228,634,992
2007 $79,611,644,975 $432,216,737,775
2006 $71,795,736,172 $364,570,515,618
2005 $69,476,001,239 $285,868,619,196
2004 $65,108,544,250 $256,836,875,295
2003 $60,158,929,188 $234,772,463,824
2002 $54,724,081,491 $195,660,611,165
2001 $53,991,289,844 $160,446,947,785
2000 $53,369,787,319 $165,021,012,078
1999 $51,270,569,884 $140,001,351,215
1998 $49,984,559,471 $95,445,547,873
1997 $48,244,309,133 $215,748,998,610
1996 $46,438,484,108 $227,369,679,375
1995 $37,939,748,769 $202,132,028,723
1994 $33,768,660,883 $176,892,143,932
1993 $33,166,519,418 $158,006,700,302
1992 $31,708,874,594 $128,026,966,580
1991 $30,957,483,950 $116,621,996,217
1990 $31,598,340,778 $106,140,727,334
1989 $28,781,715,189 $94,451,427,877
1988 $26,579,005,558 $84,300,174,486
1987 $24,298,032,258 $75,929,617,558
1986 $21,774,033,333 $79,954,072,545
1985 $22,278,423,077 $85,289,488,375
1984 $18,920,840,000 $84,853,700,028
1983 $17,609,048,822 $81,052,283,384
1982 $18,525,399,202 $90,158,449,295
1981 $20,249,694,002 $85,518,233,419
1980 $18,138,049,096 $72,482,337,397
1979 $15,565,480,322 $51,400,186,343
1978 $13,281,767,143 $51,455,719,076
1977 $9,651,149,302 $45,808,915,663
1976 $10,117,113,333 $37,269,156,627
1975 $19,448,348,073 $30,463,855,422
1974 $12,512,460,520 $25,802,409,639
1973 $8,086,725,729 $16,273,253,012
1972 $6,288,245,867 $10,997,590,361
1971 $8,751,843,188 $9,333,536,370
1970 $8,992,722,167 $9,150,684,932
1969 $8,471,006,438 $8,337,423,313
1968 $7,483,685,771 $7,076,465,300
1967 $7,253,575,688 $5,667,756,628
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/indonesia | CC BY

GDP per capita in Bangladesh vs Indonesia by year

Bangladesh
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $4,925 $16,448
2023 $2,551 $9,148 $4,876 $15,416
2022 $2,716 $8,451 $4,731 $14,285
2021 $2,483 $7,441 $4,287 $12,757
2020 $2,249 $6,641 $3,854 $11,729
2019 $2,130 $6,047 $4,107 $11,986
2018 $1,965 $5,490 $3,861 $11,372
2017 $1,811 $4,883 $3,799 $10,688
2016 $1,649 $4,579 $3,521 $10,263
2015 $1,224 $4,212 $3,288 $10,028
2014 $1,094 $3,973 $3,441 $10,065
2013 $958 $3,691 $3,567 $9,866
2012 $860 $3,434 $3,632 $9,530
2011 $837 $3,051 $3,579 $8,937
2010 $757 $2,834 $3,066 $8,353
2009 $679 $2,675 $2,218 $7,868
2008 $613 $2,555 $2,125 $7,569
2007 $538 $2,388 $1,823 $7,096
2006 $490 $2,195 $1,558 $6,583
2005 $480 $2,020 $1,238 $6,134
2004 $456 $1,862 $1,127 $5,700
2003 $427 $1,746 $1,043 $5,353
2002 $394 $1,659 $881 $5,076
2001 $395 $1,598 $732 $4,849
2000 $397 $1,512 $764 $4,639
1999 $388 $1,430 $657 $4,386
1998 $386 $1,373 $455 $4,356
1997 $379 $1,315 $1,045 $5,037
1996 $372 $1,261 $1,119 $4,807
1995 $309 $1,206 $1,011 $4,451
1994 $280.6 $1,145 $900 $4,096
1993 $280.8 $1,099 $817 $3,793
1992 $273.5 $1,045 $674 $3,538
1991 $272.1 $987 $624 $3,305
1990 $283.1 $941 $578 $3,044
1989 $263 - $524 -
1988 $247.9 - $477 -
1987 $231.5 - $438 -
1986 $212.1 - $470 -
1985 $222.2 - $511 -
1984 $193.4 - $520 -
1983 $184.7 - $508 -
1982 $199.6 - $578 -
1981 $224.2 - $561 -
1980 $206.1 - $487 -
1979 $181.1 - $353 -
1978 $158.3 - $362 -
1977 $117.9 - $331 -
1976 $126.7 - $275.7 -
1975 $249.8 - $231.1 -
1974 $165 - $200.7 -
1973 $109.7 - $129.9 -
1972 $87.8 - $90.1 -
1971 $124.5 - $78.5 -
1970 $130.2 - $79.1 -
1969 $125.9 - $74.1 -
1968 $114.4 - $64.7 -
1967 $114.2 - $53.2 -
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/indonesia | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Indonesia ranks 107th at $16,448.

Economic indicators

Bangladesh Indonesia
Gross domestic product
$450B
2024
$1.4T
2024
GDP rank
36/197
2024
16/197
2024
GDP growth
4.22%
2023-2024
5.03%
2023-2024
GDP per capita
$2,593
2024
$4,925
2024
GDP per capita rank
146/197
2024
121/197
2024
GDP per capita, PPP
$9,647
2024
$16,448
2024
GDP per capita PPP rank
135/197
2024
107/197
2024
Government debt
$184B
2024
$561B
2024
Debt-to-GDP ratio
41%
2024
40.2%
2024
Government debt per person
$1,063
2024
$1,978
2024
Government debt per person rank
139/185
2024
120/185
2024
Average annual personal income after taxes
$2,222
2026
$3,371
2026
Market capitalization of domestic companies
$87.9B
2024
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires n/a
33
2025
Income share by richest 10%
25.5%
2022
28.8%
2024
Income share by poorest 10%
3.7%
2022
3.5%
2024
Government expenditure, % of GDP
12%
2024
16.8%
2024
Consumer prices inflation
9.7%
2023-2024
2.18%
2023-2024
Central bank interest rate
10%
2024
4.75%
2025
Unemployment rate
3.64%
2024
3.31%
2023
Population
178415186
288551776

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Bangladesh Indonesia
Government spending Government debt Government spending Government debt
2024 12% 41% 16.8% 40.2%
2023 12.6% 39.7% 16.6% 39.6%
2022 13% 37.9% 17.3% 40.1%
2021 12.9% 35.6% 18.1% 41.1%
2020 13.3% 34.5% 18.4% 39.7%
2019 13.6% 32% 16.4% 30.6%
2018 13% 29.6% 16.6% 30.4%
2017 12.2% 28.3% 16.4% 29.4%
2016 11.6% 27.7% 16.9% 28%
2015 11.5% 28.2% 17.6% 27%
2014 11.7% 28.7% 18.4% 24.6%
2013 12.1% 28.3% 18.8% 24.9%
2012 11.7% 29.1% 18.8% 23%
2011 11.5% 29.4% 17.7% 23.1%
2010 10.6% 29.6% 16.9% 26.4%
2009 10.6% 33% 17% 26.5%
2008 11.5% 33.9% 19.4% 30.3%
2007 9.63% 35% 18.7% 38.1%
2006 10.1% 35.3% 18.4% 35.8%
2005 10.3% 35.6% 17.4% 42.6%
2004 9.88% 36.6% 17.8% 51.3%
2003 10.2% 37% 18.2% 55.6%
2002 10.4% 38.9% 16.9% 62.3%
2001 10.7% 37.1% 19.5% 73.7%
2000 9.76% 31.2% 15.3% 87.4%
1999 8.66% 32.7% 15.1% 95.9%
1998 9.82% 31.1% 15.1% 72.5%
1997 9.89% 29.1% 15.2% 26.4%
1996 9.79% 31% 11.5% 27.5%
1995 10.5% 32.9% 11.9% 32%
1994 10% 35.5% 13.5% 37%
1993 9.74% 34.1% 14.1% 40.4%
1992 8.8% 33.1% 16.8% 42.6%
1991 8.86% 31.8% 15% 39.2%
1990 9.14% 31.5% 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

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/indonesia | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 40.2% in Indonesia, ranking 131/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Indonesia
1x
Year Deficit/surplus, % of GDP
Bangladesh Indonesia
2024 -3.69% -2.3%
2023 -4.39% -1.64%
2022 -4.53% -2.31%
2021 -3.56% -4.4%
2020 -4.84% -6.07%
2019 -5.41% -2.09%
2018 -4.07% -1.69%
2017 -4.17% -2.26%
2016 -3.16% -2.56%
2015 -3.29% -2.72%
2014 -2.62% -1.8%
2013 -2.86% -1.96%
2012 -2.56% -1.59%
2011 -2.96% -0.7%
2010 -2.23% -1.24%
2009 -2.68% -1.64%
2008 -3.36% 0.05%
2007 -1.86% -0.95%
2006 -2.15% 0.45%
2005 -2.4% 0.46%
2004 -2.21% -0.26%
2003 -1.96% -1.08%
2002 -2.3% -0.58%
2001 -3.44% -1.76%
2000 -2.5% -1.87%
1999 -1.35% -0.96%
1998 -2.2% -1.89%
1997 -1.94% -1.03%
1996 -2.01% 0.96%
1995 -0.38% 0.64%
1994 0.03% 0.005%
1993 0.43% -0.59%
1992 0.36% -2.95%
1991 0.44% -0.87%
1990 -0.15% -0.55%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/indonesia | 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 Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while Indonesia ran a deficit in 29 years. On average, Bangladesh posted an annual deficit equal to 2.46% of GDP, compared to deficit of 1.42% of GDP for Indonesia.

Inflation comparison by year

Inflation
Bangladesh

Indonesia
1x
Year Consumer prices inflation
Bangladesh Indonesia
2024 9.7% 2.18%
2023 9% 3.67%
2022 6.1% 4.21%
2021 5.6% 1.56%
2020 5.6% 1.92%
2019 5.5% 3.03%
2018 5.8% 3.2%
2017 5.4% 3.81%
2016 5.9% 3.53%
2015 6.4% 6.36%
2014 7.3% 6.39%
2013 6.8% 6.41%
2012 8.9% 4.28%
2011 8.8% 5.36%
2010 7.3% 5.13%
2009 6.7% 4.39%
2008 9.9% 10.2%
2007 7.2% 6.41%
2006 7.2% 13.1%
2005 6.5% 10.5%
2004 8.1% 6.06%
2003 3.9% 6.76%
2002 2.4% 11.9%
2001 1.8% 11.5%
2000 3.6% 3.69%
1999 8.9% 20.5%
1998 6.7% 58.5%
1997 2.7% 6.23%

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/indonesia | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 8.24% in Indonesia. In 2024, inflation was 9.7% in Bangladesh and 2.18% in Indonesia.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $30M
Chemicals & pharma $2.17M
Metals $1.13M
Machinery & equipment $1.08M
Animal & marine products $863K
Raw agricultural goods $154K
Raw materials & minerals $124K
Miscellaneous $87K
Processed food, beverages & tobacco $72K
Wood & paper products $45K
Indonesia
Export category Export value
Raw materials & minerals $1.33B
Processed food, beverages & tobacco $971M
Textiles & consumer goods $285M
Wood & paper products $145M
Chemicals & pharma $119M
Raw agricultural goods $58.1M
Machinery & equipment $40.9M
Miscellaneous $31.5M
Metals $31.4M
Animal & marine products $9.83M

Balance of trade

Bangladesh Indonesia
Current account balance
$1.43B
2024
-$8.72B
2024
Current account balance ranking
52/190
2024
174/190
2024
Current account balance, % of GDP
+0.32%
2024
-0.62%
2024
Goods imports
$63.8B
2024
$223B
2024
Goods exports
$47.3B
2024
$263B
2024
Service imports
$12.3B
2024
$57.6B
2024
Service exports
$7.47B
2024
$39B
2024
Imports of goods and services, % of GDP
16.3%
2024
20.4%
2024
Exports of goods and services, % of GDP
10.5%
2024
22.2%
2024

Economic freedom indices

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

Bangladesh Indonesia
Economic freedom 54.8 65.1
Economic freedom ranking 131/197 67/197
Property rights 32.1 39.7
Government integrity 22.7 42
Judicial effectiveness 36.7 43.1
Tax burden 79.9 81.5
Government spending 95.3 91.4
Fiscal health 68.4 89.8
Business freedom 52.7 69.2
Labor freedom 50.5 56.8
Monetary freedom 65.8 79.4
Trade freedom 63 78.6
Investment freedom 50 50
Financial freedom 40 60

Economic freedom comparison by year

Bangladesh
Indonesia
1x
Year Economic freedom index
Bangladesh Indonesia
2026 54.8 65.1
2025 54.7 65.2
2024 54.4 63.5
2023 54.4 63.5
2022 52.7 64.4
2021 56.5 66.9
2020 56.4 67.2
2019 55.6 65.8
2018 55.1 64.2
2017 55 61.9
2016 53.3 59.4
2015 53.9 58.1
2014 54.1 58.5
2013 52.6 56.9
2012 53.2 56.4
2011 53 56
2010 51.1 55.5
2009 47.5 53.4
2008 44.2 53.2
2007 46.7 53.2
2006 52.9 51.9
2005 47.5 52.9
2004 50 52.1
2003 49.3 55.8
2002 51.9 54.8
2001 51.2 52.5
2000 48.9 55.2
1999 50 61.5
1998 52 63.4
1997 49.9 62
1996 51.1 61
1995 40.9 54.9

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Indonesia
Services, % of GDP
51.4%
2024
43.8%
2024
Industry, % of GDP
34.1%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
12.6%
2024
GNI, Atlas method
$490B
2024
$1.39T
2024
GNI per capita, PPP
$10,060
2024
$16,010
2024
Total reserves including gold
$21.4B
2024
$156B
2024
Total reserves ranking
61/177
2024
20/177
2024
Net foreign direct investment
-$1.49B
2024
-$15.9B
2024
Net inflows of foreign direct investment
$1.31B
2024
$24.2B
2024
Net outflows of foreign direct investment
$34.1M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
5.65%
2024
Poverty at national poverty lines
18.7%
2022
9%
2024
Gross capital formation, % of GDP
30.7%
2024
31.4%
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/indonesia | 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 (1951–2002, 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.