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Economy of Bangladesh vs Lithuania compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $84.9B for Lithuania, ranking 36/197 and 79/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Bangladesh vs Lithuania GDP by year

Bangladesh
Lithuania
1x
Year GDP, current $
Bangladesh Lithuania
2024 $450,119,432,069 $84,869,215,513
2023 $437,415,333,018 $79,789,877,416
2022 $460,131,689,083 $71,033,884,500
2021 $416,271,647,911 $67,037,321,009
2020 $373,979,442,362 $57,412,038,533
2019 $351,231,654,604 $55,122,066,226
2018 $321,362,752,442 $54,261,795,149
2017 $293,732,446,625 $47,756,764,508
2016 $265,224,515,675 $42,970,749,245
2015 $195,146,608,978 $41,540,954,817
2014 $172,886,611,654 $48,306,546,657
2013 $149,998,957,434 $46,303,660,422
2012 $133,310,747,603 $42,709,372,067
2011 $128,607,482,310 $43,186,501,863
2010 $115,275,540,051 $36,638,128,534
2009 $102,475,158,191 $37,494,380,039
2008 $91,636,997,371 $47,831,254,208
2007 $79,611,644,975 $39,729,151,615
2006 $71,795,736,172 $30,116,192,747
2005 $69,476,001,239 $26,105,207,115
2004 $65,108,544,250 $22,743,164,431
2003 $60,158,929,188 $18,809,197,970
2002 $54,724,081,491 $14,282,292,665
2001 $53,991,289,844 $12,260,761,329
2000 $53,369,787,319 $11,550,695,727
1999 $51,270,569,884 $11,022,095,814
1998 $49,984,559,471 $11,289,161,847
1997 $48,244,309,133 $10,168,271,903
1996 $46,438,484,108 $8,430,207,164
1995 $37,939,748,769 $7,921,210,340
1994 $33,768,660,883 -
1993 $33,166,519,418 -
1992 $31,708,874,594 -
1991 $30,957,483,950 -
1990 $31,598,340,778 -
1989 $28,781,715,189 -
1988 $26,579,005,558 -
1987 $24,298,032,258 -
1986 $21,774,033,333 -
1985 $22,278,423,077 -
1984 $18,920,840,000 -
1983 $17,609,048,822 -
1982 $18,525,399,202 -
1981 $20,249,694,002 -
1980 $18,138,049,096 -
1979 $15,565,480,322 -
1978 $13,281,767,143 -
1977 $9,651,149,302 -
1976 $10,117,113,333 -
1975 $19,448,348,073 -
1974 $12,512,460,520 -
1973 $8,086,725,729 -
1972 $6,288,245,867 -
1971 $8,751,843,188 -
1970 $8,992,722,167 -
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/lithuania | CC BY

GDP per capita in Bangladesh vs Lithuania by year

Bangladesh
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $29,384 $55,286
2023 $2,551 $9,148 $27,786 $52,348
2022 $2,716 $8,451 $25,086 $50,936
2021 $2,483 $7,441 $23,870 $45,874
2020 $2,249 $6,641 $20,429 $41,263
2019 $2,130 $6,047 $19,609 $40,564
2018 $1,965 $5,490 $19,247 $36,492
2017 $1,811 $4,883 $16,800 $31,305
2016 $1,649 $4,579 $14,934 $28,699
2015 $1,224 $4,212 $14,270 $26,949
2014 $1,094 $3,973 $16,446 $26,275
2013 $958 $3,691 $15,637 $24,890
2012 $860 $3,434 $14,288 $23,275
2011 $837 $3,051 $14,262 $21,558
2010 $757 $2,834 $11,829 $18,719
2009 $679 $2,675 $11,854 $17,055
2008 $613 $2,555 $14,956 $19,410
2007 $538 $2,388 $12,295 $17,969
2006 $490 $2,195 $9,210 $15,522
2005 $480 $2,020 $7,857 $13,951
2004 $456 $1,862 $6,735 $12,605
2003 $427 $1,746 $5,507 $11,660
2002 $394 $1,659 $4,148 $10,296
2001 $395 $1,598 $3,533 $9,399
2000 $397 $1,512 $3,301 $8,475
1999 $388 $1,430 $3,128 $7,918
1998 $386 $1,373 $3,181 $7,846
1997 $379 $1,315 $2,844 $7,167
1996 $372 $1,261 $2,341 $6,479
1995 $309 $1,206 $2,183 $6,023
1994 $280.6 $1,145 - $5,667
1993 $280.8 $1,099 - $6,107
1992 $273.5 $1,045 - $7,087
1991 $272.1 $987 - $8,790
1990 $283.1 $941 - $9,030
1989 $263 - - -
1988 $247.9 - - -
1987 $231.5 - - -
1986 $212.1 - - -
1985 $222.2 - - -
1984 $193.4 - - -
1983 $184.7 - - -
1982 $199.6 - - -
1981 $224.2 - - -
1980 $206.1 - - -
1979 $181.1 - - -
1978 $158.3 - - -
1977 $117.9 - - -
1976 $126.7 - - -
1975 $249.8 - - -
1974 $165 - - -
1973 $109.7 - - -
1972 $87.8 - - -
1971 $124.5 - - -
1970 $130.2 - - -
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/lithuania | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Lithuania ranks 39th at $55,286.

Economic indicators

Bangladesh Lithuania
Gross domestic product
$450B
2024
$84.9B
2024
GDP rank
36/197
2024
79/197
2024
GDP growth
4.22%
2023-2024
2.77%
2023-2024
GDP per capita
$2,593
2024
$29,384
2024
GDP per capita rank
146/197
2024
43/197
2024
GDP per capita, PPP
$9,647
2024
$55,286
2024
GDP per capita PPP rank
135/197
2024
39/197
2024
Government debt
$184B
2024
$32.4B
2024
Debt-to-GDP ratio
41%
2024
38.2%
2024
Government debt per person
$1,063
2024
$11,232
2024
Government debt per person rank
139/185
2024
49/185
2024
Average annual personal income after taxes
$2,222
2026
$19,946
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
27.3%
2023
Income share by poorest 10%
3.7%
2022
2.2%
2023
Government expenditure, % of GDP
12%
2024
39.5%
2024
Consumer prices inflation
9.7%
2023-2024
0.72%
2023-2024
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
7.1%
2024
Population
178415186
2829914

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Bangladesh Lithuania
Government spending Government debt Government spending Government debt
2024 12% 41% 39.5% 38.2%
2023 12.6% 39.7% 37.4% 37.3%
2022 13% 37.9% 36.3% 38.1%
2021 12.9% 35.6% 37.3% 43.3%
2020 13.3% 34.5% 42.4% 45.9%
2019 13.6% 32% 34.6% 35.6%
2018 13% 29.6% 33.8% 33.3%
2017 12.2% 28.3% 33.4% 39.3%
2016 11.6% 27.7% 34.5% 40%
2015 11.5% 28.2% 35.2% 42.6%
2014 11.7% 28.7% 35% 40.7%
2013 12.1% 28.3% 35.7% 38.9%
2012 11.7% 29.1% 36.6% 39.9%
2011 11.5% 29.4% 40.1% 37.5%
2010 10.6% 29.6% 43% 36.7%
2009 10.6% 33% 44.8% 27.9%
2008 11.5% 33.9% 38.2% 14.6%
2007 9.63% 35% 35.3% 15.9%
2006 10.1% 35.3% 34.4% 17.3%
2005 10.3% 35.6% 34.1% 17.6%
2004 9.88% 36.6% 33.9% 18.6%
2003 10.2% 37% 32.8% 20.4%
2002 10.4% 38.9% 34.4% 22.1%
2001 10.7% 37.1% 36.5% 22.9%
2000 9.76% 31.2% 38.7% 23.5%
1999 8.66% 32.7% 42.4% 28%
1998 9.82% 31.1% 39.6% 21.7%
1997 9.89% 29.1% 35% -
1996 9.79% 31% 34.4% -
1995 10.5% 32.9% 35.5% -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-02-20).

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

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 38.2% in Lithuania, ranking 131/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Lithuania
1x
Year Deficit/surplus, % of GDP
Bangladesh Lithuania
2024 -3.69% -1.28%
2023 -4.39% -0.69%
2022 -4.53% -0.72%
2021 -3.56% -1.15%
2020 -4.84% -6.42%
2019 -5.41% 0.41%
2018 -4.07% 0.52%
2017 -4.17% 0.36%
2016 -3.16% 0.03%
2015 -3.29% -0.77%
2014 -2.62% -1.79%
2013 -2.86% -2.69%
2012 -2.56% -3.15%
2011 -2.96% -5.92%
2010 -2.23% -6.95%
2009 -2.68% -9.09%
2008 -3.36% -3.09%
2007 -1.86% -0.82%
2006 -2.15% -0.27%
2005 -2.4% -0.34%
2004 -2.21% -1.39%
2003 -1.96% -1.26%
2002 -2.3% -1.85%
2001 -3.44% -3.52%
2000 -2.5% -3.18%
1999 -1.35% -7.82%
1998 -2.2% -4.93%
1997 -1.94% -0.76%
1996 -2.01% -3.59%
1995 -0.38% -3.31%
1994 0.03% -
1993 0.43% -
1992 0.36% -
1991 0.44% -
1990 -0.15% -

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

GeoRank.org/economy/bangladesh/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Lithuania ran a deficit in 26 years. On average, Bangladesh posted an annual deficit equal to 2.9% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Bangladesh

Lithuania
1x
Year Consumer prices inflation
Bangladesh Lithuania
2024 9.7% 0.72%
2023 9% 9.12%
2022 6.1% 19.7%
2021 5.6% 4.68%
2020 5.6% 1.2%
2019 5.5% 2.33%
2018 5.8% 2.7%
2017 5.4% 3.72%
2016 5.9% 0.91%
2015 6.4% -0.88%
2014 7.3% 0.1%
2013 6.8% 1.05%
2012 8.9% 3.09%
2011 8.8% 4.13%
2010 7.3% 1.32%
2009 6.7% 4.45%
2008 9.9% 10.9%
2007 7.2% 5.74%
2006 7.2% 3.74%
2005 6.5% 2.66%
2004 8.1% 1.16%
2003 3.9% -1.13%
2002 2.4% 0.28%
2001 1.8% 1.37%
2000 3.6% 0.98%
1999 8.9% 0.73%
1998 6.7% 5.07%
1997 2.7% 8.88%

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/lithuania | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 3.53% in Lithuania. In 2024, inflation was 9.7% in Bangladesh and 0.72% in Lithuania.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $1.72M
Processed food, beverages & tobacco $188K
Machinery & equipment $42K
Wood & paper products $19K
Metals $2K
Lithuania
Export category Export value
Raw agricultural goods $8.66M
Machinery & equipment $3.54M
Metals $716K
Textiles & consumer goods $543K
Processed food, beverages & tobacco $404K
Animal & marine products $380K
Chemicals & pharma $182K
Wood & paper products $80K
Raw materials & minerals $26K
Precious metals & jewellery $2K

Balance of trade

Bangladesh Lithuania
Current account balance
$1.43B
2024
$2.77B
2024
Current account balance ranking
52/190
2024
41/190
2024
Current account balance, % of GDP
+0.32%
2024
+3.27%
2024
Goods imports
$63.8B
2024
$43.8B
2024
Goods exports
$47.3B
2024
$38.9B
2024
Service imports
$12.3B
2024
$14.7B
2024
Service exports
$7.47B
2024
$24.3B
2024
Imports of goods and services, % of GDP
16.3%
2024
68.9%
2024
Exports of goods and services, % of GDP
10.5%
2024
74.1%
2024

Economic freedom indices

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

Bangladesh Lithuania
Economic freedom 54.8 75.3
Economic freedom ranking 131/197 18/197
Property rights 32.1 91.8
Government integrity 22.7 71.4
Judicial effectiveness 36.7 73.2
Tax burden 79.9 76.2
Government spending 95.3 57.3
Fiscal health 68.4 95.8
Business freedom 52.7 84.2
Labor freedom 50.5 58.1
Monetary freedom 65.8 76.7
Trade freedom 63 79.4
Investment freedom 50 70
Financial freedom 40 70

Economic freedom comparison by year

Bangladesh
Lithuania
1x
Year Economic freedom index
Bangladesh Lithuania
2026 54.8 75.3
2025 54.7 74.6
2024 54.4 72.9
2023 54.4 72.2
2022 52.7 75.8
2021 56.5 76.9
2020 56.4 76.7
2019 55.6 74.2
2018 55.1 75.3
2017 55 75.8
2016 53.3 75.2
2015 53.9 74.7
2014 54.1 73
2013 52.6 72.1
2012 53.2 71.5
2011 53 71.3
2010 51.1 70.3
2009 47.5 70
2008 44.2 70.9
2007 46.7 71.5
2006 52.9 71.8
2005 47.5 70.5
2004 50 72.4
2003 49.3 69.7
2002 51.9 66.1
2001 51.2 65.5
2000 48.9 61.9
1999 50 61.5
1998 52 59.4
1997 49.9 57.3
1996 51.1 49.7
1995 40.9 -

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Lithuania
Services, % of GDP
51.4%
2024
63.6%
2024
Industry, % of GDP
34.1%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
2.57%
2024
GNI, Atlas method
$490B
2024
$78.4B
2024
GNI per capita, PPP
$10,060
2024
$53,920
2024
Total reserves including gold
$21.4B
2024
$7.41B
2024
Total reserves ranking
61/177
2024
86/177
2024
Net foreign direct investment
-$1.49B
2024
-$3.91B
2024
Net inflows of foreign direct investment
$1.31B
2024
$4.7B
2024
Net outflows of foreign direct investment
$34.1M
2024
$795M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
20.9%
2021
Gross capital formation, % of GDP
30.7%
2024
20.4%
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/lithuania | 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. TradeMap (2015–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-02-20)
  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.