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Economy of Bangladesh vs Luxembourg compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $93.3B for Luxembourg, ranking 36/197 and 74/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $24.5B (26.3% of GDP) in Luxembourg.

Bangladesh vs Luxembourg GDP by year

Bangladesh
Luxembourg
1x
Year GDP, current $
Bangladesh Luxembourg
2024 $450,119,432,069 $93,279,851,863
2023 $437,415,333,018 $88,788,881,539
2022 $460,131,689,083 $80,801,680,397
2021 $416,271,647,911 $86,386,759,695
2020 $373,979,442,362 $73,670,782,100
2019 $351,231,654,604 $69,872,035,114
2018 $321,362,752,442 $71,085,623,495
2017 $293,732,446,625 $65,712,180,343
2016 $265,224,515,675 $62,216,885,436
2015 $195,146,608,978 $60,071,584,216
2014 $172,886,611,654 $68,804,811,898
2013 $149,998,957,434 $65,203,276,467
2012 $133,310,747,603 $59,776,383,527
2011 $128,607,482,310 $61,696,281,326
2010 $115,275,540,051 $56,213,985,987
2009 $102,475,158,191 $54,467,289,898
2008 $91,636,997,371 $58,844,277,702
2007 $79,611,644,975 $51,587,401,416
2006 $71,795,736,172 $42,910,146,296
2005 $69,476,001,239 $37,672,280,120
2004 $65,108,544,250 $35,064,843,793
2003 $60,158,929,188 $29,667,268,248
2002 $54,724,081,491 $23,649,833,332
2001 $53,991,289,844 $21,387,533,703
2000 $53,369,787,319 $21,230,182,989
1999 $51,270,569,884 $21,899,317,599
1998 $49,984,559,471 $20,150,053,345
1997 $48,244,309,133 $19,563,836,265
1996 $46,438,484,108 $20,895,314,658
1995 $37,939,748,769 $20,853,093,870
1994 $33,768,660,883 $17,701,798,891
1993 $33,166,519,418 $15,925,521,222
1992 $31,708,874,594 $15,518,702,635
1991 $30,957,483,950 $13,834,219,728
1990 $31,598,340,778 $12,778,792,854
1989 $28,781,715,189 $10,037,674,038
1988 $26,579,005,558 $9,418,167,855
1987 $24,298,032,258 $8,320,902,215
1986 $21,774,033,333 $6,685,595,088
1985 $22,278,423,077 $4,577,211,767
1984 $18,920,840,000 $4,438,435,493
1983 $17,609,048,822 $4,524,217,751
1982 $18,525,399,202 $4,602,316,793
1981 $20,249,694,002 $5,053,665,797
1980 $18,138,049,096 $6,019,805,490
1979 $15,565,480,322 $5,516,982,664
1978 $13,281,767,143 $4,718,539,772
1977 $9,651,149,302 $3,789,321,328
1976 $10,117,113,333 $3,423,586,207
1975 $19,448,348,073 $3,123,333,333
1974 $12,512,460,520 $3,183,637,117
1973 $8,086,725,729 $2,609,875,802
1972 $6,288,245,867 $1,901,697,370
1971 $8,751,843,188 $1,518,773,421
1970 $8,992,722,167 $1,457,768,455
1969 $8,471,006,438 $1,245,432,991
1968 $7,483,685,771 $1,075,561,623
1967 $7,253,575,688 $983,052,315
1966 $6,439,687,854 $976,717,015
1965 $5,906,636,792 $929,477,285
1964 $5,386,054,833 $910,877,686
1963 $5,319,458,563 $797,902,154
1962 $5,081,413,542 $747,846,862
1961 $4,817,580,375 $710,163,719
1960 $4,274,894,083 $709,941,874

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bangladesh vs Luxembourg by year

Bangladesh
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $137,782 $155,941
2023 $2,551 $9,148 $133,231 $150,508
2022 $2,716 $8,451 $123,720 $146,919
2021 $2,483 $7,441 $134,966 $136,772
2020 $2,249 $6,641 $116,860 $122,067
2019 $2,130 $6,047 $112,697 $121,372
2018 $1,965 $5,490 $116,927 $116,638
2017 $1,811 $4,883 $110,193 $114,986
2016 $1,649 $4,579 $106,899 $113,365
2015 $1,224 $4,212 $105,462 $107,860
2014 $1,094 $3,973 $123,679 $105,296
2013 $958 $3,691 $120,000 $100,925
2012 $860 $3,434 $112,585 $96,636
2011 $837 $3,051 $119,025 $94,475
2010 $757 $2,834 $110,886 $90,336
2009 $679 $2,675 $109,420 $86,919
2008 $613 $2,555 $120,422 $90,971
2007 $538 $2,388 $107,475 $85,126
2006 $490 $2,195 $90,789 $78,861
2005 $480 $2,020 $80,988 $68,788
2004 $456 $1,862 $76,545 $64,686
2003 $427 $1,746 $65,689 $60,192
2002 $394 $1,659 $53,006 $58,576
2001 $395 $1,598 $48,440 $56,136
2000 $397 $1,512 $48,660 $55,136
1999 $388 $1,430 $50,872 $49,845
1998 $386 $1,373 $47,445 $44,270
1997 $379 $1,315 $46,642 $42,488
1996 $372 $1,261 $50,444 $39,722
1995 $309 $1,206 $51,032 $38,345
1994 $280.6 $1,145 $43,933 $37,551
1993 $280.8 $1,099 $40,067 $35,899
1992 $273.5 $1,045 $39,571 $34,108
1991 $272.1 $987 $35,747 $33,191
1990 $283.1 $941 $33,465 $29,949
1989 $263 - $26,618 -
1988 $247.9 - $25,219 -
1987 $231.5 - $22,443 -
1986 $212.1 - $18,150 -
1985 $222.2 - $12,482 -
1984 $193.4 - $12,127 -
1983 $184.7 - $12,374 -
1982 $199.6 - $12,591 -
1981 $224.2 - $13,837 -
1980 $206.1 - $16,531 -
1979 $181.1 - $15,204 -
1978 $158.3 - $13,034 -
1977 $117.9 - $10,486 -
1976 $126.7 - $9,491 -
1975 $249.8 - $8,701 -
1974 $165 - $8,967 -
1973 $109.7 - $7,447 -
1972 $87.8 - $5,487 -
1971 $124.5 - $4,435 -
1970 $130.2 - $4,298 -
1969 $125.9 - $3,690 -
1968 $114.4 - $3,203 -
1967 $114.2 - $2,935 -
1966 $104.4 - $2,925 -
1965 $98.6 - $2,804 -
1964 $92.6 - $2,779 -
1963 $94.1 - $2,462 -
1962 $92.6 - $2,332 -
1961 $90.4 - $2,241 -
1960 $82.5 - $2,261 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $137,782 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Luxembourg ranks 1st at $155,941.

Economic indicators

Bangladesh Luxembourg
Gross domestic product
$450B
2024
$93.3B
2024
GDP rank
36/197
2024
74/197
2024
GDP growth
4.22%
2023-2024
0.36%
2023-2024
GDP per capita
$2,593
2024
$137,782
2024
GDP per capita rank
146/197
2024
3/197
2024
GDP per capita, PPP
$9,647
2024
$155,941
2024
GDP per capita PPP rank
135/197
2024
1/197
2024
Government debt
$184B
2024
$24.5B
2024
Debt-to-GDP ratio
41%
2024
26.3%
2024
Government debt per person
$1,063
2024
$36,221
2024
Government debt per person rank
139/185
2024
19/185
2024
Average annual personal income after taxes
$2,222
2026
$69,593
2026
Market capitalization of domestic companies
$87.9B
2024
$41.9B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
25.5%
2022
25%
2023
Income share by poorest 10%
3.7%
2022
2.8%
2023
Government expenditure, % of GDP
12%
2024
46.9%
2024
Consumer prices inflation
9.7%
2023-2024
2.05%
2023-2024
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
6.42%
2024
Population
178415186
693885

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Bangladesh Luxembourg
Government spending Government debt Government spending Government debt
2024 12% 41% 46.9% 26.3%
2023 12.6% 39.7% 46.4% 24.7%
2022 13% 37.9% 44.3% 24.9%
2021 12.9% 35.6% 42.4% 24.2%
2020 13.3% 34.5% 47% 24.5%
2019 13.6% 32% 43.1% 22.3%
2018 13% 29.6% 42.3% 20.9%
2017 12.2% 28.3% 41.3% 21.8%
2016 11.6% 27.7% 40% 19.6%
2015 11.5% 28.2% 40.4% 21.1%
2014 11.7% 28.7% 40.6% 21.9%
2013 12.1% 28.3% 41.2% 22.4%
2012 11.7% 29.1% 41.8% 20.8%
2011 11.5% 29.4% 41.5% 18.5%
2010 10.6% 29.6% 42% 19.1%
2009 10.6% 33% 42.7% 15.3%
2008 11.5% 33.9% 37.9% 14.6%
2007 9.63% 35% 37.4% 8.09%
2006 10.1% 35.3% 39.4% 8.21%
2005 10.3% 35.6% 43.4% 7.95%
2004 9.88% 36.6% 43.7% 7.83%
2003 10.2% 37% 43.3% 7.43%
2002 10.4% 38.9% 41.8% 7.45%
2001 10.7% 37.1% 38.1% 7.62%
2000 9.76% 31.2% 38% 7.49%
1999 8.66% 32.7% 41.7% 8.39%
1998 9.82% 31.1% 43.9% 9.51%
1997 9.89% 29.1% 44.2% 10.1%
1996 9.79% 31% 42.5% 10.2%
1995 10.5% 32.9% 42% 10.3%
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/luxembourg | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Luxembourg spent $43.7B, or 46.9% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 26.3% in Luxembourg, ranking 131/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Luxembourg
1x
Year Deficit/surplus, % of GDP
Bangladesh Luxembourg
2024 -3.69% 1.03%
2023 -4.39% -0.78%
2022 -4.53% 0.18%
2021 -3.56% 1%
2020 -4.84% -3.09%
2019 -5.41% 2.68%
2018 -4.07% 3.17%
2017 -4.17% 1.37%
2016 -3.16% 1.89%
2015 -3.29% 1.3%
2014 -2.62% 1.33%
2013 -2.86% 0.84%
2012 -2.56% 0.5%
2011 -2.96% 0.65%
2010 -2.23% -0.26%
2009 -2.68% -0.21%
2008 -3.36% 3.37%
2007 -1.86% 4.35%
2006 -2.15% 1.9%
2005 -2.4% -0.21%
2004 -2.21% -1.39%
2003 -1.96% 0.28%
2002 -2.3% 2.03%
2001 -3.44% 5.62%
2000 -2.5% 5.55%
1999 -1.35% 3.24%
1998 -2.2% 2.98%
1997 -1.94% 2.65%
1996 -2.01% 2.37%
1995 -0.38% 2.71%
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/luxembourg | 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 Luxembourg's surplus of $961M, or 1.03% of GDP.

Over the past 30 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Luxembourg ran a deficit in 6 years. On average, Bangladesh posted an annual deficit equal to 2.9% of GDP, compared to surplus of 1.57% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Bangladesh

Luxembourg
1x
Year Consumer prices inflation
Bangladesh Luxembourg
2024 9.7% 2.05%
2023 9% 3.74%
2022 6.1% 6.34%
2021 5.6% 2.53%
2020 5.6% 0.82%
2019 5.5% 1.74%
2018 5.8% 1.53%
2017 5.4% 1.73%
2016 5.9% 0.29%
2015 6.4% 0.47%
2014 7.3% 0.63%
2013 6.8% 1.73%
2012 8.9% 2.66%
2011 8.8% 3.41%
2010 7.3% 2.27%
2009 6.7% 0.37%
2008 9.9% 3.4%
2007 7.2% 2.31%
2006 7.2% 2.67%
2005 6.5% 2.49%
2004 8.1% 2.23%
2003 3.9% 2.05%
2002 2.4% 2.07%
2001 1.8% 2.66%
2000 3.6% 3.15%
1999 8.9% 1.03%
1998 6.7% 0.96%
1997 2.7% 1.37%

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/luxembourg | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 2.1% in Luxembourg. In 2024, inflation was 9.7% in Bangladesh and 2.05% in Luxembourg.

Top exports between countries

Bangladesh
Export category Export value
Luxembourg
Export category Export value
Machinery & equipment $2.32M
Textiles & consumer goods $232K
Chemicals & pharma $175K
Raw materials & minerals $59K
Metals $33K
Miscellaneous $8K
Wood & paper products $2K

Balance of trade

Bangladesh Luxembourg
Current account balance
$1.43B
2024
$4.1B
2024
Current account balance ranking
52/190
2024
35/190
2024
Current account balance, % of GDP
+0.32%
2024
+4.4%
2024
Goods imports
$63.8B
2024
$29.4B
2024
Goods exports
$47.3B
2024
$31.3B
2024
Service imports
$12.3B
2024
$117B
2024
Service exports
$7.47B
2024
$150B
2024
Imports of goods and services, % of GDP
16.3%
2024
159.7%
2024
Exports of goods and services, % of GDP
10.5%
2024
191.5%
2024

Economic freedom indices

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

Bangladesh Luxembourg
Economic freedom 54.8 79.7
Economic freedom ranking 131/197 7/197
Property rights 32.1 96.6
Government integrity 22.7 88.7
Judicial effectiveness 36.7 99.1
Tax burden 79.9 62.3
Government spending 95.3 36.9
Fiscal health 68.4 98.6
Business freedom 52.7 89.5
Labor freedom 50.5 56.7
Monetary freedom 65.8 74.1
Trade freedom 63 79.4
Investment freedom 50 95
Financial freedom 40 80

Economic freedom comparison by year

Bangladesh
Luxembourg
1x
Year Economic freedom index
Bangladesh Luxembourg
2026 54.8 79.7
2025 54.7 79.5
2024 54.4 79.2
2023 54.4 78.4
2022 52.7 80.6
2021 56.5 76
2020 56.4 75.8
2019 55.6 75.9
2018 55.1 76.4
2017 55 75.9
2016 53.3 73.9
2015 53.9 73.2
2014 54.1 74.2
2013 52.6 74.2
2012 53.2 74.5
2011 53 76.2
2010 51.1 75.4
2009 47.5 75.2
2008 44.2 74.7
2007 46.7 74.6
2006 52.9 75.3
2005 47.5 76.3
2004 50 78.9
2003 49.3 79.9
2002 51.9 79.4
2001 51.2 80.1
2000 48.9 76.4
1999 50 72.4
1998 52 72.7
1997 49.9 72.8
1996 51.1 72.5
1995 40.9 -

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Luxembourg
Services, % of GDP
51.4%
2024
81.2%
2024
Industry, % of GDP
34.1%
2024
9.66%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
0.21%
2024
GNI, Atlas method
$490B
2024
$57.3B
2024
GNI per capita, PPP
$10,060
2024
$110,650
2024
Total reserves including gold
$21.4B
2024
$2.79B
2024
Total reserves ranking
61/177
2024
119/177
2024
Net foreign direct investment
-$1.49B
2024
$21.4B
2024
Net inflows of foreign direct investment
$1.31B
2024
$106B
2024
Net outflows of foreign direct investment
$34.1M
2024
$109B
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
17.3%
2021
Gross capital formation, % of GDP
30.7%
2024
15.8%
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/luxembourg | 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. TradeMap (2024, retrieved 2026-02-08)
  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.