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Economy of Bangladesh vs Kiribati compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $308M for Kiribati, ranking 36/197 and 192/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Bangladesh vs Kiribati GDP by year

Bangladesh
Kiribati
1x
Year GDP, current $
Bangladesh Kiribati
2024 $450,119,432,069 $307,862,564
2023 $437,415,333,018 $288,610,748
2022 $460,131,689,083 $270,040,453
2021 $416,271,647,911 $285,259,881
2020 $373,979,442,362 $220,898,020
2019 $351,231,654,604 $216,985,388
2018 $321,362,752,442 $233,514,717
2017 $293,732,446,625 $222,875,736
2016 $265,224,515,675 $206,467,819
2015 $195,146,608,978 $191,559,399
2014 $172,886,611,654 $200,287,282
2013 $149,998,957,434 $201,730,861
2012 $133,310,747,603 $207,001,546
2011 $128,607,482,310 $195,970,140
2010 $115,275,540,051 $165,458,433
2009 $102,475,158,191 $140,177,384
2008 $91,636,997,371 $147,017,895
2007 $79,611,644,975 $138,054,946
2006 $71,795,736,172 $112,338,353
2005 $69,476,001,239 $113,895,437
2004 $65,108,544,250 $104,085,892
2003 $60,158,929,188 $96,105,619
2002 $54,724,081,491 $74,743,869
2001 $53,991,289,844 $64,935,850
2000 $53,369,787,319 $74,910,527
1999 $51,270,569,884 $77,323,978
1998 $49,984,559,471 $74,905,706
1997 $48,244,309,133 $80,205,807
1996 $46,438,484,108 $81,456,854
1995 $37,939,748,769 $68,596,395
1994 $33,768,660,883 $67,055,334
1993 $33,166,519,418 $58,953,596
1992 $31,708,874,594 $61,491,369
1991 $30,957,483,950 $41,247,792
1990 $31,598,340,778 $36,534,295
1989 $28,781,715,189 $37,645,319
1988 $26,579,005,558 $38,278,810
1987 $24,298,032,258 $29,554,413
1986 $21,774,033,333 $25,993,009
1985 $22,278,423,077 $26,126,615
1984 $18,920,840,000 $34,394,167
1983 $17,609,048,822 $31,000,546
1982 $18,525,399,202 $32,742,713
1981 $20,249,694,002 $35,267,489
1980 $18,138,049,096 $33,157,723
1979 $15,565,480,322 $34,466,197
1978 $13,281,767,143 $36,563,965
1977 $9,651,149,302 $31,335,459
1976 $10,117,113,333 $33,246,817
1975 $19,448,348,073 $44,547,454
1974 $12,512,460,520 $69,256,489
1973 $8,086,725,729 $25,645,040
1972 $6,288,245,867 $15,314,346
1971 $8,751,843,188 $12,356,134
1970 $8,992,722,167 $11,560,877
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/kiribati | CC BY

GDP per capita in Bangladesh vs Kiribati by year

Bangladesh
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $2,289 $3,702
2023 $2,551 $9,148 $2,178 $3,486
2022 $2,716 $8,451 $2,070 $3,329
2021 $2,483 $7,441 $2,222 $3,020
2020 $2,249 $6,641 $1,752 $2,711
2019 $2,130 $6,047 $1,751 $2,763
2018 $1,965 $5,490 $1,913 $2,672
2017 $1,811 $4,883 $1,853 $2,562
2016 $1,649 $4,579 $1,743 $2,463
2015 $1,224 $4,212 $1,640 $2,311
2014 $1,094 $3,973 $1,737 $2,084
2013 $958 $3,691 $1,772 $2,049
2012 $860 $3,434 $1,844 $1,896
2011 $837 $3,051 $1,771 $1,786
2010 $757 $2,834 $1,522 $1,724
2009 $679 $2,675 $1,317 $1,718
2008 $613 $2,555 $1,411 $1,735
2007 $538 $2,388 $1,353 $1,792
2006 $490 $2,195 $1,123 $1,728
2005 $480 $2,020 $1,162 $1,617
2004 $456 $1,862 $1,083 $1,579
2003 $427 $1,746 $1,021 $1,578
2002 $394 $1,659 $810 $1,605
2001 $395 $1,598 $719 $1,591
2000 $397 $1,512 $845 $1,638
1999 $388 $1,430 $887 $1,526
1998 $386 $1,373 $874 $1,593
1997 $379 $1,315 $953 $1,535
1996 $372 $1,261 $986 $1,519
1995 $309 $1,206 $844 $1,518
1994 $280.6 $1,145 $838 $1,469
1993 $280.8 $1,099 $748 $1,431
1992 $273.5 $1,045 $792 $1,421
1991 $272.1 $987 $540 $1,139
1990 $283.1 $941 $488 $1,192
1989 $263 - $515 -
1988 $247.9 - $536 -
1987 $231.5 - $424 -
1986 $212.1 - $382 -
1985 $222.2 - $393 -
1984 $193.4 - $527 -
1983 $184.7 - $483 -
1982 $199.6 - $519 -
1981 $224.2 - $568 -
1980 $206.1 - $542 -
1979 $181.1 - $573 -
1978 $158.3 - $611 -
1977 $117.9 - $520 -
1976 $126.7 - $548 -
1975 $249.8 - $730 -
1974 $165 - $1,131 -
1973 $109.7 - $422 -
1972 $87.8 - $256.2 -
1971 $124.5 - $210.7 -
1970 $130.2 - $201 -
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/kiribati | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Kiribati ranks 169th at $3,702.

Economic indicators

Bangladesh Kiribati
Gross domestic product
$450B
2024
$308M
2024
GDP rank
36/197
2024
192/197
2024
GDP growth
4.22%
2023-2024
5.27%
2023-2024
GDP per capita
$2,593
2024
$2,289
2024
GDP per capita rank
146/197
2024
152/197
2024
GDP per capita, PPP
$9,647
2024
$3,702
2024
GDP per capita PPP rank
135/197
2024
169/197
2024
Government debt
$184B
2024
$30.5M
2024
Debt-to-GDP ratio
41%
2024
9.92%
2024
Government debt per person
$1,063
2024
$226.9
2024
Government debt per person rank
139/185
2024
181/185
2024
Average annual personal income after taxes
$2,222
2026
$1,967
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
22.8%
2019
Income share by poorest 10%
3.7%
2022
4%
2019
Government expenditure, % of GDP
12%
2024
98.1%
2024
Consumer prices inflation
9.7%
2023-2024
2.5%
2023-2024
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
2.79%
2023
Population
178415186
139020

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Bangladesh Kiribati
Government spending Government debt Government spending Government debt
2024 12% 41% 98.1% 9.92%
2023 12.6% 39.7% 95.3% 11.4%
2022 13% 37.9% 87.5% 16.3%
2021 12.9% 35.6% 84% 17.3%
2020 13.3% 34.5% 102.2% 21%
2019 13.6% 32% 108.3% 19%
2018 13% 29.6% 108.8% 19%
2017 12.2% 28.3% 92.1% 20.2%
2016 11.6% 27.7% 99% 21.2%
2015 11.5% 28.2% 90.9% 18.8%
2014 11.7% 28.7% 101.2% 8.97%
2013 12.1% 28.3% 78% 8.86%
2012 11.7% 29.1% 83.9% 8.13%
2011 11.5% 29.4% 80.9% 8.8%
2010 10.6% 29.6% 75.7% 9.43%
2009 10.6% 33% 74.7% 10.3%
2008 11.5% 33.9% 79.4% 13.9%
2007 9.63% 35% 77.3% 11.1%
2006 10.1% 35.3% 82.1% 12.9%
2005 10.3% 35.6% 95.6% 12.1%
2004 9.88% 36.6% 103.8% 13.6%
2003 10.2% 37% 84.4% 12.3%
2002 10.4% 38.9% 96.9% 13.3%
2001 10.7% 37.1% 101.3% 17%
2000 9.76% 31.2% 66% 12.7%
1999 8.66% 32.7% 77.6% 11.8%
1998 9.82% 31.1% 74.7% 9.81%
1997 9.89% 29.1% 70.9% 10.7%
1996 9.79% 31% 68.4% 11%
1995 10.5% 32.9% 69.6% 12.3%
1994 10% 35.5% 54.6% 12.3%
1993 9.74% 34.1% 55.3% 10.9%
1992 8.8% 33.1% 65.9% 7.31%
1991 8.86% 31.8% 82.1% 8.43%
1990 9.14% 31.5% 105.5% 7.72%

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/kiribati | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 9.92% in Kiribati, ranking 131/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Kiribati
1x
Year Deficit/surplus, % of GDP
Bangladesh Kiribati
2024 -3.69% -22%
2023 -4.39% 0.13%
2022 -4.53% -18.3%
2021 -3.56% -10.8%
2020 -4.84% 3.57%
2019 -5.41% 10.8%
2018 -4.07% 5.18%
2017 -4.17% 34.1%
2016 -3.16% 20.1%
2015 -3.29% 42.5%
2014 -2.62% 35%
2013 -2.86% 11.8%
2012 -2.56% -5.43%
2011 -2.96% -17.6%
2010 -2.23% -7.8%
2009 -2.68% -8.56%
2008 -3.36% -15.8%
2007 -1.86% -12.5%
2006 -2.15% -12.3%
2005 -2.4% -9.96%
2004 -2.21% -19.2%
2003 -1.96% -8.93%
2002 -2.3% 3.13%
2001 -3.44% -10.9%
2000 -2.5% -0.03%
1999 -1.35% -1.81%
1998 -2.2% 14.6%
1997 -1.94% 5.92%
1996 -2.01% -20.2%
1995 -0.38% -5.14%
1994 0.03% 0.74%
1993 0.43% 6.27%
1992 0.36% 0.79%
1991 0.44% 3.87%
1990 -0.15% -4.62%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while Kiribati ran a deficit in 19 years. On average, Bangladesh posted an annual deficit equal to 2.46% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Bangladesh

Kiribati
1x
Year Consumer prices inflation
Bangladesh Kiribati
2024 9.7% 2.5%
2023 9% 9.3%
2022 6.1% 5.3%
2021 5.6% 2.1%
2020 5.6% 2.6%
2019 5.5% -1.8%
2018 5.8% 0.6%
2017 5.4% 0.4%
2016 5.9% 1.9%
2015 6.4% 0.6%
2014 7.3% 2.1%
2013 6.8% -1.5%
2012 8.9% -3%
2011 8.8% 1.5%
2010 7.3% -3.9%
2009 6.7% 9.8%
2008 9.9% 13.7%
2007 7.2% 3.6%
2006 7.2% -1%
2005 6.5% -0.4%
2004 8.1% -0.7%
2003 3.9% 1.6%
2002 2.4% 3.2%
2001 1.8% 6%
2000 3.6% 0.4%
1999 8.9% 1.8%
1998 6.7% 3.7%
1997 2.7% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 2.25% in Kiribati. In 2024, inflation was 9.7% in Bangladesh and 2.5% in Kiribati.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $35K
Kiribati
Export category Export value

Balance of trade

Bangladesh Kiribati
Current account balance
$1.43B
2024
-$59.5M
2024
Current account balance ranking
52/190
2024
85/190
2024
Current account balance, % of GDP
+0.32%
2024
-19.3%
2024
Goods imports
$63.8B
2024
$227M
2024
Goods exports
$47.3B
2024
$8.49M
2024
Service imports
$12.3B
2024
$108M
2024
Service exports
$7.47B
2024
$7M
2024
Imports of goods and services, % of GDP
16.3%
2024
94.9%
2024
Exports of goods and services, % of GDP
10.5%
2024
6.27%
2024

Economic freedom indices

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

Bangladesh Kiribati
Economic freedom 54.8 50.8
Economic freedom ranking 131/197 158/197
Property rights 32.1 69.6
Government integrity 22.7 50.5
Judicial effectiveness 36.7 54.6
Tax burden 79.9 72.6
Government spending 95.3 0
Fiscal health 68.4 19.8
Business freedom 52.7 60.2
Labor freedom 50.5 65.3
Monetary freedom 65.8 76.7
Trade freedom 63 80
Investment freedom 50 30
Financial freedom 40 30

Economic freedom comparison by year

Bangladesh
Kiribati
1x
Year Economic freedom index
Bangladesh Kiribati
2026 54.8 50.8
2025 54.7 50.9
2024 54.4 51.3
2023 54.4 58.8
2022 52.7 59.2
2021 56.5 44.4
2020 56.4 45.2
2019 55.6 47.3
2018 55.1 50.8
2017 55 50.9
2016 53.3 46.2
2015 53.9 46.4
2014 54.1 46.3
2013 52.6 45.9
2012 53.2 46.9
2011 53 44.8
2010 51.1 43.7
2009 47.5 45.7
2008 44.2 -
2007 46.7 -
2006 52.9 -
2005 47.5 -
2004 50 -
2003 49.3 -
2002 51.9 -
2001 51.2 -
2000 48.9 -
1999 50 -
1998 52 -
1997 49.9 -
1996 51.1 -
1995 40.9 -

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Kiribati
Services, % of GDP
51.4%
2024
67.1%
2023
Industry, % of GDP
34.1%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
27.2%
2023
GNI, Atlas method
$490B
2024
$493M
2024
GNI per capita, PPP
$10,060
2024
$6,060
2024
Total reserves including gold
$21.4B
2024
n/a
Total reserves ranking
61/177
2024
n/a
Net foreign direct investment
-$1.49B
2024
-$8.06M
2024
Net inflows of foreign direct investment
$1.31B
2024
$8.07M
2024
Net outflows of foreign direct investment
$34.1M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
5.5%
2023
Gross capital formation, % of GDP
30.7%
2024
25.8%
2023

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/kiribati | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2015, retrieved 2026-02-08)

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.