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Economy of Bangladesh vs Lesotho compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $2.27B for Lesotho, ranking 36/197 and 174/197 by economy size, respectively.

Bangladesh has $181B in government debt (40.3% of GDP), compared to $1.36B (59.7% of GDP) in Lesotho.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Bangladesh
GDP, current $

GDP, constant 2015 $
Lesotho
GDP, current $

GDP, constant 2015 $
Year GDP
Bangladesh Lesotho
Current $ Constant $ Current $ Constant $
1960 $4,274,894,083 $22,255,159,274 $34,579,986 $193,508,327
1961 $4,817,580,375 $23,603,412,615 $35,699,986 $197,116,861
1962 $5,081,413,542 $24,890,514,015 $41,859,983 $227,338,452
1963 $5,319,458,563 $24,777,039,582 $47,039,981 $251,470,588
1964 $5,386,054,833 $27,490,816,336 $51,939,979 $272,219,723
1965 $5,906,636,792 $27,932,389,835 $54,879,978 $278,083,623
1966 $6,439,687,854 $28,649,361,770 $56,699,977 $276,955,935
1967 $7,253,575,688 $28,111,938,729 $59,261,976 $307,177,537
1968 $7,483,685,771 $30,779,608,228 $61,445,975 $306,049,827
1969 $8,471,006,438 $31,155,383,509 $65,967,974 $310,786,060
1970 $8,992,722,167 $32,906,270,044 $68,739,973 $317,552,094
1971 $8,751,843,188 $31,103,176,562 $76,480,285 $333,790,811
1972 $6,288,245,867 $26,756,903,051 $80,913,200 $333,114,189
1973 $8,086,725,729 $27,646,752,078 $121,188,716 $421,072,595
1974 $12,512,460,520 $30,298,616,456 $150,851,317 $467,306,740
1975 $19,448,348,073 $29,059,944,148 $149,558,896 $404,157,255
1976 $10,117,113,333 $30,705,132,551 $147,660,037 $448,813,113
1977 $9,651,149,302 $31,525,897,955 $193,315,048 $546,694,921
1978 $13,281,767,143 $33,755,988,820 $266,570,067 $646,832,346
1979 $15,565,480,322 $35,376,828,059 $290,134,593 $665,551,149
1980 $18,138,049,096 $35,666,614,469 $431,542,537 $647,283,239
1981 $20,249,694,002 $38,246,717,278 $434,188,034 $651,779,515
1982 $18,525,399,202 $39,063,027,611 $348,741,684 $680,830,657
1983 $17,609,048,822 $40,579,081,838 $386,699,309 $694,353,080
1984 $18,920,840,000 $42,528,220,940 $333,163,670 $732,784,813
1985 $22,278,423,077 $43,949,520,316 $268,629,926 $751,912,324
1986 $21,774,033,333 $45,783,701,931 $318,858,423 $787,138,334
1987 $24,298,032,258 $47,510,847,151 $402,768,324 $792,882,304
1988 $26,579,005,558 $48,658,831,252 $470,395,801 $861,085,399
1989 $28,781,715,189 $50,039,078,964 $495,409,233 $910,987,402
1990 $31,598,340,778 $52,852,405,165 $596,410,264 $966,060,902
1991 $30,957,483,950 $54,694,431,891 $704,325,367 $1,033,362,572
1992 $31,708,874,594 $57,671,277,832 $831,029,862 $1,105,247,043
1993 $33,166,519,418 $60,388,495,685 $835,582,062 $1,144,038,630
1994 $33,768,660,883 $62,737,684,523 $878,250,945 $1,212,450,693
1995 $37,939,748,769 $65,950,655,693 $1,001,894,000 $1,252,351,696
1996 $46,438,484,108 $68,933,550,573 $946,112,493 $1,322,446,272
1997 $48,244,309,133 $72,028,595,646 $998,004,259 $1,371,424,437
1998 $49,984,559,471 $75,757,535,399 $928,460,893 $1,392,512,226
1999 $51,270,569,884 $79,295,530,764 $912,773,681 $1,399,140,933
2000 $53,369,787,319 $83,492,876,906 $887,291,688 $1,453,365,294
2001 $53,991,289,844 $87,732,050,538 $825,706,961 $1,505,128,088
2002 $54,724,081,491 $91,094,928,770 $775,777,239 $1,516,022,748
2003 $60,158,929,188 $95,412,434,317 $1,157,825,435 $1,585,150,007
2004 $65,108,544,250 $100,411,600,214 $1,511,236,656 $1,611,976,677
2005 $69,476,001,239 $106,974,447,116 $1,682,343,527 $1,667,849,759
2006 $71,795,736,172 $114,111,680,586 $1,800,092,564 $1,738,401,392
2007 $79,611,644,975 $122,166,366,936 $1,682,131,785 $1,811,204,149
2008 $91,636,997,371 $129,513,195,397 $1,766,902,709 $1,911,244,555
2009 $102,475,158,191 $136,047,297,736 $1,740,894,965 $1,887,282,177
2010 $115,275,540,051 $143,627,564,998 $2,234,754,242 $1,986,735,735
2011 $128,607,482,310 $152,912,195,328 $2,579,409,620 $2,078,451,680
2012 $133,310,747,603 $162,884,301,114 $2,477,702,216 $2,210,102,550
2013 $149,998,957,434 $172,679,520,662 $2,367,112,932 $2,249,719,203
2014 $172,886,611,654 $183,145,728,910 $2,441,063,054 $2,288,201,773
2015 $195,146,608,978 $195,146,608,978 $2,359,686,725 $2,359,686,725
2016 $265,224,515,675 $209,028,320,491 $2,114,426,452 $2,444,845,631
2017 $293,732,446,625 $222,803,809,377 $2,306,741,672 $2,368,122,099
2018 $321,362,752,442 $239,111,739,541 $2,556,247,292 $2,333,058,898
2019 $351,231,654,604 $257,958,323,969 $2,390,702,296 $2,299,976,266
2020 $373,979,442,362 $266,852,772,254 $2,053,699,870 $2,112,391,150
2021 $416,271,647,911 $285,368,829,855 $2,412,130,022 $2,160,272,945
2022 $460,131,689,083 $305,629,528,154 $2,354,980,884 $2,211,855,515
2023 $437,415,333,018 $323,279,976,841 $2,117,962,430 $2,252,257,826
2024 $450,119,424,622 $336,932,927,922 $2,271,541,846 $2,314,470,552

Economic indicators

Bangladesh Lesotho
Gross domestic product
$450B
2024
$2.27B
2024
GDP rank
36/197
2024
174/197
2024
GDP growth
2.9%
2023-2024
7.25%
2023-2024
GDP per capita
$2,593
2024
$972
2024
GDP per capita rank
146/197
2024
180/197
2024
GDP per capita, PPP
$9,647
2024
$2,998
2024
Government debt
$181B
2024
$1.36B
2024
Debt-to-GDP ratio
40.3%
2025
59.7%
2025
Government debt per person
$1,041
2024
$581
2024
Government debt per person rank
140/185
2024
160/185
2024
Average annual personal income after taxes
$2,159
2025
$7,614
2025
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
32.9%
2017
Income share by poorest 10%
3.7%
2022
1.7%
2017
Government expenditure, % of GDP
13%
2025
52.4%
2025
Consumer prices inflation
10%
2024-2025
6.11%
2023-2024
Central bank interest rate
10%
2024
6.75%
2025
Unemployment rate
3.35%
2023
18.7%
2024
Population
177398795
2384217

GDP per capita in Bangladesh vs Lesotho

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $972 in Lesotho, ranking 180/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 134th at $9,647, while Lesotho ranks 180th at $2,998.

Bangladesh
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
Year Current $
Bangladesh Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $82.5 - $47 -
1961 $90.4 - $47 -
1962 $92.6 - $53.5 -
1963 $94.1 - $58.4 -
1964 $92.6 - $62.6 -
1965 $98.6 - $64.3 -
1966 $104.4 - $64.3 -
1967 $114.2 - $64.8 -
1968 $114.4 - $64.8 -
1969 $125.9 - $67.1 -
1970 $130.2 - $67.4 -
1971 $124.5 - $72.4 -
1972 $87.8 - $74 -
1973 $109.7 - $107 -
1974 $165 - $128.7 -
1975 $249.8 - $123.2 -
1976 $126.7 - $117.8 -
1977 $117.9 - $149.9 -
1978 $158.3 - $200.8 -
1979 $181.1 - $212.4 -
1980 $206.1 - $307 -
1981 $224.2 - $299.8 -
1982 $199.6 - $233.9 -
1983 $184.7 - $252 -
1984 $193.4 - $211 -
1985 $222.2 - $165.4 -
1986 $212.1 - $191.4 -
1987 $231.5 - $236.5 -
1988 $247.9 - $270.4 -
1989 $263 - $279 -
1990 $283.1 $941 $330 $764
1991 $272.1 $987 $382 $830
1992 $273.5 $1,045 $444 $893
1993 $280.8 $1,099 $439 $932
1994 $280.6 $1,145 $456 $995
1995 $309 $1,206 $513 $1,037
1996 $372 $1,261 $480 $1,103
1997 $379 $1,315 $502 $1,154
1998 $386 $1,373 $465 $1,179
1999 $388 $1,430 $456 $1,199
2000 $397 $1,512 $443 $1,273
2001 $395 $1,598 $413 $1,350
2002 $394 $1,659 $389 $1,385
2003 $427 $1,746 $583 $1,484
2004 $456 $1,862 $767 $1,561
2005 $480 $2,020 $861 $1,681
2006 $490 $2,195 $925 $1,813
2007 $538 $2,388 $861 $1,932
2008 $613 $2,555 $898 $2,064
2009 $679 $2,675 $879 $2,036
2010 $757 $2,834 $1,119 $2,153
2011 $837 $3,051 $1,281 $2,279
2012 $860 $3,434 $1,218 $2,291
2013 $958 $3,691 $1,151 $2,538
2014 $1,094 $3,973 $1,174 $2,771
2015 $1,224 $4,212 $1,121 $3,035
2016 $1,649 $4,579 $992 $2,942
2017 $1,811 $4,883 $1,069 $2,619
2018 $1,965 $5,490 $1,171 $2,632
2019 $2,130 $6,047 $1,082 $2,568
2020 $2,249 $6,641 $919 $2,559
2021 $2,483 $7,441 $1,067 $2,545
2022 $2,716 $8,451 $1,030 $2,761
2023 $2,551 $9,148 $916 $2,881
2024 $2,593 $9,647 $972 $2,998

Spending and national debt comparison

In 2024, Bangladesh's government spending was $54.3B, accounting for 13% of its GDP, while Lesotho's spent $1.18B, or 52.4% of GDP.

Debt-to-GDP ratio is 40.3% in Bangladesh and 59.7% in Lesotho, ranking 134/185 and 81/185, respectively.

Bangladesh
Government spending

Government debt
Lesotho
Government spending

Government debt
Year % of GDP
Bangladesh Lesotho
Government spending Government debt Government spending Government debt
1982 - - 29.9% 61.4%
1983 - - 27.2% 56.7%
1984 - - 26.8% 57.2%
1985 - - 32.8% 86.3%
1986 - - 33.2% 92.5%
1987 - - 40.3% 97.4%
1988 - - 35.3% 105.2%
1989 - - 35.8% 112.5%
1990 9.14% 31.5% 32.9% 18%
1991 8.86% 31.8% 31.3% 11.9%
1992 8.8% 33.1% 35.3% 64.4%
1993 9.74% 34.1% 36% 71.2%
1994 10% 35.5% 40.2% 67%
1995 10.5% 32.9% 42.1% 62.8%
1996 9.79% 31% 41.5% 71.6%
1997 9.89% 29.1% 44.6% 65.7%
1998 9.82% 31.1% 51.4% 79.4%
1999 8.66% 32.7% 50.8% 83%
2000 9.76% 31.2% 39.3% 88.5%
2001 10.7% 37.1% 41.4% 108.7%
2002 10.4% 38.9% 41.2% 79.6%
2003 10.2% 37% 39.8% 52.6%
2004 9.88% 36.6% 36.3% 49.4%
2005 10.3% 35.6% 37.6% 41%
2006 10.1% 35.3% 43.2% 43.7%
2007 9.63% 35% 48.1% 49.6%
2008 11.5% 33.9% 54.1% 47%
2009 10.6% 33% 66.4% 35.9%
2010 10.6% 29.6% 55.3% 33.8%
2011 11.5% 29.4% 60.2% 36.2%
2012 11.7% 29.1% 58.1% 39.8%
2013 12.1% 28.3% 58.4% 41.2%
2014 11.7% 28.7% 50.1% 41.5%
2015 11.5% 28.2% 51.7% 45.8%
2016 11.6% 27.7% 54.1% 41.5%
2017 12.2% 28.3% 50.4% 41%
2018 13% 29.6% 51.9% 48.2%
2019 13.6% 32% 53.6% 58.2%
2020 13.3% 34.5% 54.4% 54.7%
2021 12.9% 35.6% 53.8% 58%
2022 13% 37.9% 50.8% 64.6%
2023 12.7% 39.3% 49.4% 61.5%
2024 12.1% 40.1% 51.9% 59.8%
2025 13% 40.3% 52.4% 59.7%

Government deficit by year

In 2024, Bangladesh's government deficit, the difference between spending and revenue, was -$17B, equivalent to -3.79% of GDP. This compares to Lesotho's surplus of $201M, or 8.87% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while Lesotho ran a deficit in 16 years. On average, Bangladesh posted an annual deficit equal to -2.45% of GDP, compared to surplus of +0.72% of GDP for Lesotho.

Deficit/surplus
Bangladesh

Lesotho
Year Deficit/surplus, % of GDP
Bangladesh Lesotho
1982 - -2.03%
1983 - 1.85%
1984 - 4.82%
1985 - 1.68%
1986 - 0.87%
1987 - -2.85%
1988 - -1.87%
1989 - 3.88%
1990 -0.15% 8.78%
1991 0.44% 9.74%
1992 0.36% 4.65%
1993 0.43% 7.55%
1994 0.03% 5.69%
1995 -0.38% 5.13%
1996 -2.01% 2.11%
1997 -1.94% 0.27%
1998 -2.2% -11.8%
1999 -1.35% -15.3%
2000 -2.5% -0.95%
2001 -3.44% -2.76%
2002 -2.3% -2.44%
2003 -1.96% 0.89%
2004 -2.21% 6.05%
2005 -2.4% 4.46%
2006 -2.15% 11.6%
2007 -1.86% 10.8%
2008 -3.36% 8.1%
2009 -2.68% -4.16%
2010 -2.23% -1.49%
2011 -2.96% -9.85%
2012 -2.56% 4.56%
2013 -2.86% -2.58%
2014 -2.62% 3.16%
2015 -3.29% -1.38%
2016 -3.16% -9.43%
2017 -4.17% -2.02%
2018 -4.07% -4.41%
2019 -5.41% -5.72%
2020 -4.84% 1.18%
2021 -3.56% -4.95%
2022 -4.12% -6.41%
2023 -4.51% 7.32%
2024 -3.79% 8.87%
2025 -4.12% 6.05%

Inflation comparison by year

Over the past 29 years, Bangladesh has recorded an average annual inflation rate of 6.43%, compared with 5.29% in Lesotho. In 2024, inflation was 10% in Bangladesh and 6.11% in Lesotho.

Inflation
Bangladesh

Lesotho
Year Inflation
Bangladesh Lesotho Bangladesh Lesotho
1996 6.8% 9.33%
1997 2.7% -
1998 6.7% -
1999 8.9% -
2000 3.6% 6.13%
2001 1.8% -9.62%
2002 2.4% 33.8%
2003 3.9% 6.63%
2004 8.1% 5.02%
2005 6.5% 3.44%
2006 7.2% 6.07%
2007 7.2% 8.01%
2008 9.9% 10.7%
2009 6.7% -16.9%
2010 7.3% -2.41%
2011 8.8% 5.04%
2012 8.9% 6.05%
2013 6.8% 4.87%
2014 7.3% 5.37%
2015 6.4% 3.22%
2016 5.9% 6.6%
2017 5.4% 4.45%
2018 5.8% 4.75%
2019 5.5% 5.19%
2020 5.6% 4.98%
2021 5.6% 6.05%
2022 6.1% 8.27%
2023 9% 6.34%
2024 9.7% 6.11%
2025 10% -

Top exports between countries

Bangladesh
Export category Export value
Chemicals & pharma $37K
Textiles & consumer goods $10K
Processed food, beverages & tobacco $9K
Lesotho
Export category Export value
Textiles & consumer goods $1.09M

Balance of trade

Bangladesh Lesotho
Current account balance
$1.87B
2024
$84.4M
2024
Current account balance ranking
45/189
2024
67/189
2024
Current account balance, % of GDP
+0.42%
2024
+3.72%
2024
Goods imports
$63.8B
2024
$1.67B
2024
Goods exports
$47.3B
2024
$968M
2024
Service imports
$11.3B
2024
$415M
2024
Service exports
$6.66B
2024
$15.4M
2024
Imports of goods and services, % of GDP
16.3%
2024
98.6%
2023
Exports of goods and services, % of GDP
10.5%
2024
42.9%
2023

Economic freedom indices

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

Bangladesh Lesotho
Economic freedom 54.7 54.1
Economic freedom ranking 134/197 137/197
Property rights 36.5 42.4
Government integrity 23.3 39.3
Judicial effectiveness 27.9 43.6
Tax burden 82.6 68
Government spending 95 23.8
Fiscal health 70.2 92
Business freedom 53.9 49.6
Labor freedom 47.4 58
Monetary freedom 67.1 73.5
Trade freedom 62.2 63.8
Investment freedom 50 55
Financial freedom 40 40

Economic freedom by year comparison

The Economic Freedom Index for Bangladesh is 54.7, ranking 134/197, compared to 54.1 for Lesotho, ranking 137/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bangladesh
Lesotho
Year Economic freedom index
Bangladesh Lesotho
1995 40.9 -
1996 51.1 47
1997 49.9 47.2
1998 52 48.4
1999 50 48.2
2000 48.9 48.4
2001 51.2 50.6
2002 51.9 48.9
2003 49.3 52
2004 50 50.3
2005 47.5 53.9
2006 52.9 54.7
2007 46.7 53.2
2008 44.2 52.1
2009 47.5 49.7
2010 51.1 48.1
2011 53 47.5
2012 53.2 46.6
2013 52.6 47.9
2014 54.1 49.5
2015 53.9 49.6
2016 53.3 50.6
2017 55 53.9
2018 55.1 53.9
2019 55.6 53.1
2020 56.4 54.5
2021 56.5 53.5
2022 52.7 48.1
2023 54.4 51.6
2024 54.4 51.9
2025 54.7 54.1

More economic indicators

Bangladesh Lesotho
Services, % of GDP
51.4%
2024
48%
2024
Industry, % of GDP
34.1%
2024
31%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
6.5%
2024
GNI, Atlas method
$490B
2024
$2.75B
2024
GNI per capita, PPP
$10,060
2024
$3,580
2024
Total reserves including gold
$21.4B
2024
$1.01B
2024
Total reserves ranking
61/177
2024
142/177
2024
Net foreign direct investment
-$1.51B
2024
$12.6M
2024
Net inflows of foreign direct investment
$1.51B
2024
-$12.6M
2024
Net outflows of foreign direct investment
-$2.07M
2024
$0
1989
Servicing debt to the IMF, % of GNI
1.64%
2023
5.07%
2023
Poverty at national poverty lines
18.7%
2022
49.7%
2017
Gross capital formation, % of GDP
30.7%
2024
27.2%
2023

GDP per capita map

GDP per capita

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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.