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Economy of Bangladesh vs Iraq compared: GDP & Debt

Updated on by Georank

Bangladesh has a GDP of $456B compared to $254B for Iraq, ranking 38/197 and 54/197 by economy size, respectively.

Bangladesh has $192B in government debt (42% of GDP), compared to $137B (53.9% of GDP) in Iraq.

Bangladesh vs Iraq GDP by year

Bangladesh
Iraq
1x
Year GDP, current $
Bangladesh Iraq
2025 $456,319,229,256 $254,367,293,538
2024 $450,119,432,069 $279,641,257,615
2023 $437,415,333,018 $268,881,051,644
2022 $460,131,689,083 $287,372,232,138
2021 $416,271,647,911 $209,691,945,713
2020 $373,979,442,362 $180,898,797,517
2019 $351,231,654,604 $233,636,097,800
2018 $321,362,752,442 $227,367,469,034
2017 $293,732,446,625 $187,217,660,051
2016 $265,224,515,675 $166,743,557,748
2015 $195,146,608,978 $166,774,104,959
2014 $172,886,611,654 $228,415,656,175
2013 $149,998,957,434 $234,637,675,129
2012 $133,310,747,603 $218,002,476,129
2011 $128,607,482,310 $185,749,664,444
2010 $115,275,540,051 $138,516,722,650
2009 $102,475,158,191 $111,657,580,326
2008 $91,636,997,371 $131,614,434,154
2007 $79,611,644,975 $88,837,057,320
2006 $71,795,736,172 $65,147,051,918
2005 $69,476,001,239 $50,065,104,668
2004 $65,108,544,250 $36,633,669,269
2003 $60,158,929,188 $21,921,569,479
2002 $54,724,081,491 $32,928,454,672
2001 $53,991,289,844 $36,176,430,129
2000 $53,369,787,319 $48,364,250,944
1999 $51,270,569,884 $36,881,601,584
1998 $49,984,559,471 $20,617,405,044
1997 $48,244,309,133 $20,764,857,056
1996 $46,438,484,108 $10,433,698,621
1995 $37,939,748,769 $12,894,029,888
1994 $33,768,660,883 $3,991,349,283
1993 $33,166,519,418 $1,031,944,881
1992 $31,708,874,594 $553,671,958
1991 $30,957,483,950 $407,796,350
1990 $31,598,340,778 $180,408,064,516
1989 $28,781,715,189 $65,831,935,484
1988 $26,579,005,558 $62,684,516,129
1987 $24,298,032,258 $56,774,193,548
1986 $21,774,033,333 $47,264,516,129
1985 $22,278,423,077 $48,425,161,290
1984 $18,920,840,000 $46,938,387,097
1983 $17,609,048,822 $40,712,903,226
1982 $18,525,399,202 $42,382,333,333
1981 $20,249,694,002 $37,823,000,000
1980 $18,138,049,096 $52,569,000,000
1979 $15,565,480,322 $37,816,457,839
1978 $13,281,767,143 $23,762,275,652
1977 $9,651,149,302 $19,838,130,715
1976 $10,117,113,333 $17,754,825,601
1975 $19,448,348,073 $13,458,516,763
1974 $12,512,460,520 $11,516,762,614
1973 $8,086,725,729 $5,134,367,778
1972 $6,288,245,867 $4,113,848,002
1971 $8,751,843,188 $3,865,346,535
1970 $8,992,722,167 $3,281,318,687
1969 $8,471,006,438 $3,007,758,797
1968 $7,483,685,771 $2,896,598,841
1967 $7,253,575,688 $2,551,522,656
1966 $6,439,687,854 $2,530,306,096
1965 $5,906,636,792 $2,335,785,506
1964 $5,386,054,833 $2,136,408,198
1963 $5,319,458,563 $1,805,901,510
1962 $5,081,413,542 $1,784,174,541
1961 $4,817,580,375 $1,671,960,965
1960 $4,274,894,083 $1,537,252,193

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bangladesh vs Iraq by year

Bangladesh
GDP per capita

GDP per capita, PPP
Iraq
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Iraq
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,597 - $5,410 -
2024 $2,593 $9,647 $6,074 $14,464
2023 $2,551 $9,148 $5,965 $14,653
2022 $2,716 $8,451 $6,521 $14,391
2021 $2,483 $7,441 $4,868 $12,732
2020 $2,249 $6,641 $4,295 $10,574
2019 $2,130 $6,047 $5,672 $12,249
2018 $1,965 $5,490 $5,647 $12,034
2017 $1,811 $4,883 $4,759 $10,192
2016 $1,649 $4,579 $4,334 $9,079
2015 $1,224 $4,212 $4,440 $9,334
2014 $1,094 $3,973 $6,249 $13,168
2013 $958 $3,691 $6,650 $14,669
2012 $860 $3,434 $6,478 $14,402
2011 $837 $3,051 $5,776 $12,912
2010 $757 $2,834 $4,462 $12,186
2009 $679 $2,675 $3,715 $11,687
2008 $613 $2,555 $4,543 $11,657
2007 $538 $2,388 $3,129 $10,783
2006 $490 $2,195 $2,277 $10,223
2005 $480 $2,020 $1,762 $9,457
2004 $456 $1,862 $1,328 $9,290
2003 $427 $1,746 $818 $6,068
2002 $394 $1,659 $1,266 $9,682
2001 $395 $1,598 $1,436 $10,720
2000 $397 $1,512 $1,980 $10,628
1999 $388 $1,430 $1,560 $9,194
1998 $386 $1,373 $901 $7,964
1997 $379 $1,315 $936 $6,020
1996 $372 $1,261 $485 $5,034
1995 $309 $1,206 $619 $4,598
1994 $280.6 $1,145 $198.2 $4,560
1993 $280.8 $1,099 $53.7 $4,509
1992 $273.5 $1,045 $30.3 $3,547
1991 $272.1 $987 $23 $2,694
1990 $283.1 $941 $10,261 -
1989 $263 - $3,791 -
1988 $247.9 - $3,707 -
1987 $231.5 - $3,436 -
1986 $212.1 - $2,940 -
1985 $222.2 - $3,088 -
1984 $193.4 - $3,066 -
1983 $184.7 - $2,743 -
1982 $199.6 - $2,942 -
1981 $224.2 - $2,700 -
1980 $206.1 - $3,868 -
1979 $181.1 - $2,871 -
1978 $158.3 - $1,863 -
1977 $117.9 - $1,609 -
1976 $126.7 - $1,489 -
1975 $249.8 - $1,166 -
1974 $165 - $1,031 -
1973 $109.7 - $476 -
1972 $87.8 - $394 -
1971 $124.5 - $384 -
1970 $130.2 - $337 -
1969 $125.9 - $320 -
1968 $114.4 - $319 -
1967 $114.2 - $290.6 -
1966 $104.4 - $298.2 -
1965 $98.6 - $284.8 -
1964 $92.6 - $269.4 -
1963 $94.1 - $235.5 -
1962 $92.6 - $240.7 -
1961 $90.4 - $232.4 -
1960 $82.5 - $218.9 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Bangladesh's GDP per capita is $2,597, ranking 151/197, compared to $5,410 in Iraq, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Iraq ranks 115th at $14,464.

Economic indicators

Bangladesh Iraq
Gross domestic product
$456B
2025
$254B
2025
GDP rank
38/197
2025
54/197
2025
GDP growth
3.49%
2024-2025
-2.16%
2024-2025
GDP per capita
$2,597
2025
$5,410
2025
GDP per capita rank
151/197
2025
119/197
2025
GDP per capita, PPP
$9,647
2024
$14,464
2024
GDP per capita PPP rank
135/197
2024
115/197
2024
Government debt
$192B
2025
$137B
2025
Debt-to-GDP ratio
42%
2025
53.9%
2025
Government debt per person
$1,092
2025
$2,917
2025
Government debt per person rank
143/185
2025
108/185
2025
Average annual personal income after taxes
$2,829
2026
$6,782
2026
Market capitalization of domestic companies
$26.2B
2025
n/a
Income share by richest 10%
25.5%
2022
24.2%
2023
Income share by poorest 10%
3.7%
2022
3.7%
2023
Government expenditure, % of GDP
10.9%
2025
42.7%
2025
Consumer prices inflation
10%
2024-2025
0.3%
2024-2025
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
16.2%
2021
Population
178936470
48531417

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Iraq
Spending

Debt
1x
Year % of GDP
Bangladesh Iraq
Government spending Government debt Government spending Government debt
2025 10.9% 42% 42.7% 53.9%
2024 12% 41% 41.7% 45.2%
2023 12.6% 39.7% 41.2% 42.1%
2022 13% 37.9% 33.9% 39%
2021 12.9% 35.6% 36.3% 54.7%
2020 13.3% 34.5% 41.9% 72.5%
2019 13.6% 32% 34.7% 41.7%
2018 13% 29.6% 31.1% 44.4%
2017 12.2% 28.3% 35.5% 55.9%
2016 11.6% 27.7% 42.4% 60.3%
2015 11.5% 28.2% 43.5% 48.3%
2014 11.7% 28.7% 43.8% 27.6%
2013 12.1% 28.3% 48.2% 32%
2012 11.7% 29.1% 42.9% 34.8%
2011 11.5% 29.4% 43.4% 40.7%
2010 10.6% 29.6% 49.6% 53.5%
2009 10.6% 33% 61.1% 87.4%
2008 11.5% 33.9% 57.3% 74.2%
2007 9.63% 35% 44% 117.1%
2006 10.1% 35.3% 50.3% 143.2%
2005 10.3% 35.6% 63.2% 227.3%
2004 9.88% 36.6% 91.5% 344%
2003 10.2% 37% - -
2002 10.4% 38.9% - -
2001 10.7% 37.1% - -
2000 9.76% 31.2% - -
1999 8.66% 32.7% - -
1998 9.82% 31.1% - -
1997 9.89% 29.1% - -
1996 9.79% 31% - -
1995 10.5% 32.9% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08).

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

In 2025, Bangladesh's government spending was $49.6B, accounting for 10.9% of its GDP, while Iraq spent $109B, or 42.7% of GDP.

Debt-to-GDP ratio is 42% in Bangladesh and 53.9% in Iraq, ranking 124/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Iraq
1x
Year Deficit/surplus, % of GDP
Bangladesh Iraq
2025 -2.93% -6.41%
2024 -3.7% -3.45%
2023 -4.39% -1.14%
2022 -4.53% 8.1%
2021 -3.56% -0.38%
2020 -4.84% -12.8%
2019 -5.41% 0.83%
2018 -4.07% 7.69%
2017 -4.17% -1.52%
2016 -3.16% -14.4%
2015 -3.29% -12.8%
2014 -2.62% -5.63%
2013 -2.86% -6.06%
2012 -2.56% 4.09%
2011 -2.96% 4.74%
2010 -2.23% -4.18%
2009 -2.68% -14.9%
2008 -3.36% -0.86%
2007 -1.86% 9.98%
2006 -2.15% 10.7%
2005 -2.4% 4.07%
2004 -2.21% -35.4%
2003 -1.96% -
2002 -2.3% -
2001 -3.44% -
2000 -2.5% -
1999 -1.35% -
1998 -2.2% -
1997 -1.94% -
1996 -2.01% -
1995 -0.38% -
1994 0.03% -
1993 0.43% -
1992 0.36% -
1991 0.44% -
1990 -0.15% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Bangladesh's government deficit, the difference between spending and revenue, was $13.4B, equivalent to 2.93% of GDP. This compares to Iraq's deficit of $16.3B, or 6.41% of GDP.

Over the past 22 years, Bangladesh recorded a fiscal deficit in 22 of those years, while Iraq ran a deficit in 14 years. On average, Bangladesh posted an annual deficit equal to 3.27% of GDP, compared to deficit of 3.17% of GDP for Iraq.

Inflation comparison by year

Inflation
Bangladesh

Iraq
1x
Year Consumer prices inflation
Bangladesh Iraq
2025 10% 0.3%
2024 9.7% 2.61%
2023 9% 4.36%
2022 6.1% 4.99%
2021 5.6% 6.04%
2020 5.6% 0.57%
2019 5.5% -0.2%
2018 5.8% 0.37%
2017 5.4% 0.18%
2016 5.9% 0.56%
2015 6.4% 1.39%
2014 7.3% 2.24%
2013 6.8% 1.88%
2012 8.9% 6.09%
2011 8.8% 5.6%
2010 7.3% 2.43%
2009 6.7% 6.87%
2008 9.9% 12.7%
2007 7.2% -10.1%
2006 7.2% 53.2%
2005 6.5% 37%
2004 8.1% 27%
2003 3.9% 33.6%
2002 2.4% 19.3%
2001 1.8% 16.4%
2000 3.6% 4.98%
1999 8.9% 12.6%
1998 6.7% 14.8%
1997 2.7% 23.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bangladesh has recorded an average annual inflation rate of 6.54%, compared with 10% in Iraq. In 2025, inflation was 10% in Bangladesh and 0.3% in Iraq.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $564K
Chemicals & pharma $437K
Processed food, beverages & tobacco $394K
Raw materials & minerals $285K
Miscellaneous $3K
Iraq
Export category Export value

Balance of trade

Bangladesh Iraq
Current account balance
-$239M
2025
$8.37B
2024
Current account balance ranking
93/190
2025
27/190
2024
Current account balance, % of GDP
-0.05%
2025
+2.99%
2024
Goods imports
$66B
2025
$74.3B
2024
Goods exports
$43.8B
2025
$101B
2024
Service imports
$14.7B
2025
$30.2B
2024
Service exports
$8.42B
2025
$10.2B
2024
Imports of goods and services, % of GDP
16.8%
2025
37.4%
2024
Exports of goods and services, % of GDP
11.1%
2025
39.8%
2024

Economic freedom indices

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

Bangladesh Iraq
Economic freedom 54.8 15.6
Economic freedom ranking 131/197 196/197
Property rights 32.1 8.3
Government integrity 22.7 20.2
Judicial effectiveness 36.7 5.8
Tax burden 79.9 85.5
Government spending 95.3 65.3
Fiscal health 68.4 95.7
Business freedom 52.7 42.8
Labor freedom 50.5 60.6
Monetary freedom 65.8 68.6
Trade freedom 63 40
Investment freedom 50 10
Financial freedom 40 10

Economic freedom comparison by year

Bangladesh
Iraq
1x
Year Economic freedom index
Bangladesh Iraq
2026 54.8 -
2025 54.7 -
2024 54.4 -
2023 54.4 -
2022 52.7 -
2021 56.5 -
2020 56.4 -
2019 55.6 -
2018 55.1 -
2017 55 -
2016 53.3 -
2015 53.9 -
2014 54.1 -
2013 52.6 -
2012 53.2 -
2011 53 -
2010 51.1 -
2009 47.5 -
2008 44.2 -
2007 46.7 -
2006 52.9 -
2005 47.5 -
2004 50 -
2003 49.3 -
2002 51.9 15.6
2001 51.2 17.2
2000 48.9 17.2
1999 50 17.2
1998 52 17.2
1997 49.9 17.2
1996 51.1 17.2
1995 40.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 15.6 for Iraq, ranking 196/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Iraq
Services, % of GDP
52.1%
2025
52.3%
2025
Industry, % of GDP
34%
2025
45.4%
2025
Agriculture, forestry, and fishing, % of GDP
11.4%
2025
3.41%
2025
GNI, Atlas method
$499B
2025
$267B
2025
GNI per capita, PPP
$10,710
2025
$14,290
2025
Total reserves including gold
$28.6B
2025
$101B
2024
Total reserves ranking
58/177
2025
30/177
2024
Net foreign direct investment
-$1.84B
2025
$8.09B
2024
Net inflows of foreign direct investment
$1.28B
2024
-$7.65B
2024
Net outflows of foreign direct investment
$34.1M
2024
$439M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
1.22%
2024
Poverty at national poverty lines
18.7%
2022
17.5%
2023
Gross capital formation, % of GDP
28.5%
2025
19.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08)
  6. TradeMap (2018, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.