Bangladesh vs Latvia: Economic Indicators Comparison

Bangladesh with a GDP of $274B ranked the 44th largest economy in the world, while Latvia ranked 100th with $34.4B. By GDP 5-years average growth and GDP per capita, Bangladesh and Latvia ranked 10th vs 74th and 155th vs 51st, respectively.

Gross Domestic Product & Income

StatBangladeshLatvia
GDP$274B$34.4B
GDP growth, 1 year7.7%4.8%
GDP growth, 5-years average7.1%3.3%
Population164.7M1.9M
GDP per capita$1.7k$18k
GDP per capita growth6.74%5.47%
Purchasing Power Parity conversion factor31.90.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.59
GDP per capita, PPP adjusted$4.6k$30k
GNI, Atlas method$282B$31.8B
GNI per capita$1.8k$17k
GNI, PPP adjusted$737.6B$57.4B
GNI per capita, PPP adjusted$4.6k$30k

Financial system and Human development

StatBangladeshLatvia
Income Tax Rate25%31.4%
Corporate Tax Rate45%20%
Inflation, consumer prices5.6%2.6%
Inflation, GDP deflator5.6%4%
Unemployment4.3%7.9%
Economic Freedom Index56.471.9
Personal Freedom Index5.68.65
Human Freedom Index5.88.16
Property Rights Index4172.3
Judical Effectiveness Index36.151.1
Business Freedom Index52.377
Fiscal Health Index76.896.5
Labor Freedom Index68.472.4
Investment Freedom Index4585
Financial Freedom Index3060
Trade Freedom Index63.686.4
Monetary Freedom Index7080.2
Government Spending Index94.358.3
Tax Burden Index72.776.9
Government Integrity Index26.646.4
Corruption Perceptions Index2658
Life expectancy at birth, years72.174.7
Suicide mortality rate, per 100,000 people5.921.2
Mortality caused by road traffic injury, per 100,000 people15.39.3
Intentional homicides, per 100,000 people2.24.2
International tourism, number of arrivals1M1.9M

Government debt & reserves

StatBangladeshLatvia
Central government debt, % of GDP34.8%37.6%
External debt stocks, % of GNI18.2%N/A
External debt stocks$52.1BN/A
Short-term debt, % of total reserves28.2%N/A
Total debt service, % of exports and primary income6.3%N/A
Adjusted net savings including particulate emission damage, % of GNI24.5%6%
Gross savings, % of GDP33.3%22.8%
Gross capital formation, % of GDP31.2%23.5%
Total reserves including gold$32B$4.4B
Foreign direct investment net inflows$2.9B$447M

Exports, imports and economic structure

StatBangladeshLatvia
Exports of goods and services, % of GDP14.8%61.3%
Imports of goods and services, % of GDP23.4%61.5%
Current account balance (balance of payments)-$7.6B-$211M
Revenue excluding grants, % of GDP10.2%41.4%
Grants excluding technical cooperation, BoP$1.3B$148.1M
Personal remittances received$15.6B$1.2B
Industry including construction value added, % of GDP28.5%19.5%
Agriculture, forestry and fishing value added, % of GDP13.1%3.6%
Charges for the use of intellectual property, payments BoP$39.7M$64.6M
Charges for the use of intellectual property, receipts BoP$444k$10.6M
Expense, % of GDP9.4%43%
Government Expenditure, % of GDP13.7%37.3%

Compare with countries close by GDP per capita

Bangladesh vs

CountryGDP
per capita
Population
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M

Latvia vs

CountryGDP
per capita
Population
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M