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Economy of Bangladesh vs Myanmar compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $74.1B for Myanmar, ranking 36/197 and 85/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Bangladesh vs Myanmar GDP by year

Bangladesh
Myanmar
1x
Year GDP, current $
Bangladesh Myanmar
2024 $450,119,432,069 $74,068,349,524
2023 $437,415,333,018 $66,757,619,000
2022 $460,131,689,083 $62,253,049,903
2021 $416,271,647,911 $66,345,291,149
2020 $373,979,442,362 $79,006,113,670
2019 $351,231,654,604 $75,065,106,243
2018 $321,362,752,442 $67,860,515,993
2017 $293,732,446,625 $66,053,040,475
2016 $265,224,515,675 $63,298,361,984
2015 $195,146,608,978 $59,607,290,408
2014 $172,886,611,654 $65,531,374,210
2013 $149,998,957,434 $60,269,732,855
2012 $133,310,747,603 $59,937,796,648
2011 $128,607,482,310 $59,977,326,086
2010 $115,275,540,051 $49,540,813,342
2009 $102,475,158,191 $36,906,181,381
2008 $91,636,997,371 $31,862,554,102
2007 $79,611,644,975 $20,182,477,481
2006 $71,795,736,172 $14,502,553,710
2005 $69,476,001,239 $11,986,972,419
2004 $65,108,544,250 $10,567,354,056
2003 $60,158,929,188 $10,467,109,978
2002 $54,724,081,491 $6,777,632,512
2001 $53,991,289,844 $6,477,790,688
2000 $53,369,787,319 $8,905,066,164
1999 $51,270,569,884 $8,486,832,801
1998 $49,984,559,471 $6,459,461,639
1997 $48,244,309,133 $4,722,288,496
1996 $46,438,484,108 $6,123,556,717
1995 $37,939,748,769 $5,289,174,943
1994 $33,768,660,883 $4,432,257,174
1993 $33,166,519,418 $3,163,020,035
1992 $31,708,874,594 $2,411,552,289
1991 $30,957,483,950 $2,069,832,687
1990 $31,598,340,778 $2,115,193,513
1989 $28,781,715,189 $2,013,448,229
1988 $26,579,005,558 $1,541,088,312
1987 $24,298,032,258 $1,562,448,077
1986 $21,774,033,333 $1,582,873,750
1985 $22,278,423,077 $1,478,908,173
1984 $18,920,840,000 $1,304,063,253
1983 $17,609,048,822 $1,381,573,615
1982 $18,525,399,202 $1,481,165,468
1981 $20,249,694,002 $1,111,000,765
1980 $18,138,049,096 $1,038,225,167
1979 $15,565,480,322 $952,265,043
1978 $13,281,767,143 $935,408,775
1977 $9,651,149,302 $873,579,932
1976 $10,117,113,333 $1,204,699,849
1975 $19,448,348,073 $1,061,107,354
1974 $12,512,460,520 $1,225,589,878
1973 $8,086,725,729 $719,754,655
1972 $6,288,245,867 $662,213,083
1971 $8,751,843,188 $587,448,405
1970 $8,992,722,167 $563,555,631
1969 $8,471,006,438 $571,854,215
1968 $7,483,685,771 $559,956,130
1967 $7,253,575,688 $420,359,036
1966 $6,439,687,854 $293,103,479
1965 $5,906,636,792 $367,053,117
1964 $5,386,054,833 $411,419,906
1963 $5,319,458,563 $598,998,419
1962 $5,081,413,542 $634,528,872
1961 $4,817,580,375 $605,581,577
1960 $4,274,894,083 $545,098,448

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

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

GDP per capita in Bangladesh vs Myanmar by year

Bangladesh
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $1,359 $5,997
2023 $2,551 $9,148 $1,233 $5,953
2022 $2,716 $8,451 $1,158 $5,732
2021 $2,483 $7,441 $1,243 $5,178
2020 $2,249 $6,641 $1,490 $5,741
2019 $2,130 $6,047 $1,426 $6,101
2018 $1,965 $5,490 $1,298 $5,581
2017 $1,811 $4,883 $1,273 $4,706
2016 $1,649 $4,579 $1,229 $4,460
2015 $1,224 $4,212 $1,167 $4,459
2014 $1,094 $3,973 $1,293 $4,376
2013 $958 $3,691 $1,199 $4,144
2012 $860 $3,434 $1,203 $3,845
2011 $837 $3,051 $1,214 $3,579
2010 $757 $2,834 $1,011 $3,348
2009 $679 $2,675 $758 $3,040
2008 $613 $2,555 $658 $2,748
2007 $538 $2,388 $419 $2,459
2006 $490 $2,195 $303 $2,153
2005 $480 $2,020 $252.7 $1,860
2004 $456 $1,862 $224.5 $1,601
2003 $427 $1,746 $224.3 $1,385
2002 $394 $1,659 $146.6 $1,204
2001 $395 $1,598 $141.5 $1,069
2000 $397 $1,512 $196.6 $949
1999 $388 $1,430 $189.5 $825
1998 $386 $1,373 $146 $742
1997 $379 $1,315 $108 $702
1996 $372 $1,261 $141.9 $661
1995 $309 $1,206 $124.1 $618
1994 $280.6 $1,145 $105.4 $573
1993 $280.8 $1,099 $76.2 $529
1992 $273.5 $1,045 $58.9 $494
1991 $272.1 $987 $51.2 $447
1990 $283.1 $941 $53.1 $441
1989 $263 - $51.3 -
1988 $247.9 - $39.9 -
1987 $231.5 - $41.1 -
1986 $212.1 - $42.4 -
1985 $222.2 - $40.4 -
1984 $193.4 - $36.3 -
1983 $184.7 - $39.3 -
1982 $199.6 - $43 -
1981 $224.2 - $32.8 -
1980 $206.1 - $31.2 -
1979 $181.1 - $29.2 -
1978 $158.3 - $29.3 -
1977 $117.9 - $27.9 -
1976 $126.7 - $39.2 -
1975 $249.8 - $35.2 -
1974 $165 - $41.4 -
1973 $109.7 - $24.8 -
1972 $87.8 - $23.3 -
1971 $124.5 - $21.1 -
1970 $130.2 - $20.7 -
1969 $125.9 - $21.5 -
1968 $114.4 - $21.5 -
1967 $114.2 - $16.5 -
1966 $104.4 - $11.8 -
1965 $98.6 - $15.1 -
1964 $92.6 - $17.3 -
1963 $94.1 - $25.8 -
1962 $92.6 - $27.9 -
1961 $90.4 - $27.3 -
1960 $82.5 - $25.1 -

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

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

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Myanmar ranks 153rd at $5,997.

Economic indicators

Bangladesh Myanmar
Gross domestic product
$450B
2024
$74.1B
2024
GDP rank
36/197
2024
85/197
2024
GDP growth
4.22%
2023-2024
-0.97%
2023-2024
GDP per capita
$2,593
2024
$1,359
2024
GDP per capita rank
146/197
2024
165/197
2024
GDP per capita, PPP
$9,647
2024
$5,997
2024
GDP per capita PPP rank
135/197
2024
153/197
2024
Government debt
$184B
2024
$44B
2024
Debt-to-GDP ratio
41%
2024
59.3%
2024
Government debt per person
$1,063
2024
$806
2024
Government debt per person rank
139/185
2024
150/185
2024
Average annual personal income after taxes
$2,222
2026
$1,646
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
25.5%
2017
Income share by poorest 10%
3.7%
2022
3.8%
2017
Government expenditure, % of GDP
12%
2024
20.7%
2024
Consumer prices inflation
9.7%
2023-2024
8.83%
2018-2019
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
1.48%
2020
Population
178415186
55292116

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Bangladesh Myanmar
Government spending Government debt Government spending Government debt
2024 12% 41% 20.7% 59.3%
2023 12.6% 39.7% 21.4% 59.1%
2022 13% 37.9% 21.3% 56.1%
2021 12.9% 35.6% 20.9% 63.4%
2020 13.3% 34.5% 21.3% 49.1%
2019 13.6% 32% 20.5% 37.6%
2018 13% 29.6% 18.7% 39.9%
2017 12.2% 28.3% 19.7% 41.9%
2016 11.6% 27.7% 21.3% 35.7%
2015 11.5% 28.2% 23.7% 36.6%
2014 11.7% 28.7% 24.7% 34.5%
2013 12.1% 28.3% 23.9% 44.8%
2012 11.7% 29.1% 20% 48%
2011 11.5% 29.4% 15.6% 49.9%
2010 10.6% 29.6% 15.8% 54.4%
2009 10.6% 33% 14.4% 56.4%
2008 11.5% 33.9% 14.4% 59.8%
2007 9.63% 35% 15.7% 77.4%
2006 10.1% 35.3% 15.6% 103.1%
2005 10.3% 35.6% 14.6% 119%
2004 9.88% 36.6% 14.6% 126.6%
2003 10.2% 37% 14.3% 146%
2002 10.4% 38.9% 15.3% 190.6%
2001 10.7% 37.1% 19.1% 262%
2000 9.76% 31.2% 21.4% 164.5%
1999 8.66% 32.7% 22.8% 150.7%
1998 9.82% 31.1% 25.2% 208.6%
1997 9.89% 29.1% - -
1996 9.79% 31% - -
1995 10.5% 32.9% - -
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/myanmar | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 59.3% in Myanmar, ranking 131/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Myanmar
1x
Year Deficit/surplus, % of GDP
Bangladesh Myanmar
2024 -3.69% -5.06%
2023 -4.39% -5.18%
2022 -4.53% -2.82%
2021 -3.56% -2.47%
2020 -4.84% -6.5%
2019 -5.41% -4.7%
2018 -4.07% -2.77%
2017 -4.17% -3.42%
2016 -3.16% -2.53%
2015 -3.29% -4.33%
2014 -2.62% -1.06%
2013 -2.86% -1.53%
2012 -2.56% -2.7%
2011 -2.96% -4.82%
2010 -2.23% -5.4%
2009 -2.68% -3.55%
2008 -3.36% -2.73%
2007 -1.86% -3.52%
2006 -2.15% -3.42%
2005 -2.4% -3.49%
2004 -2.21% -4.62%
2003 -1.96% -4.24%
2002 -2.3% -4.01%
2001 -3.44% -6.34%
2000 -2.5% -6.03%
1999 -1.35% -4.46%
1998 -2.2% -4.89%
1997 -1.94% -
1996 -2.01% -
1995 -0.38% -
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Bangladesh recorded a fiscal deficit in 27 of those years, while Myanmar ran a deficit in 27 years. On average, Bangladesh posted an annual deficit equal to 3.06% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Bangladesh

Myanmar
1x
Year Consumer prices inflation
Bangladesh Myanmar
2024 9.7% -
2023 9% -
2022 6.1% -
2021 5.6% -
2020 5.6% -
2019 5.5% 8.83%
2018 5.8% 6.87%
2017 5.4% 4.57%
2016 5.9% 6.93%
2015 6.4% 9.45%
2014 7.3% 4.95%
2013 6.8% 5.64%
2012 8.9% 1.47%
2011 8.8% 5.02%
2010 7.3% 7.72%
2009 6.7% 1.47%
2008 9.9% 26.8%
2007 7.2% 35%
2006 7.2% 20%
2005 6.5% 9.37%
2004 8.1% 4.53%
2003 3.9% 36.6%
2002 2.4% 57.1%
2001 1.8% 21.1%
2000 3.6% -0.11%
1999 8.9% 18.4%
1998 6.7% 51.5%
1997 2.7% 29.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Bangladesh has recorded an average annual inflation rate of 6.25%, compared with 16.2% in Myanmar. In 2019, inflation was 9.7% in Bangladesh and 8.83% in Myanmar.

Top exports between countries

Bangladesh
Export category Export value
Chemicals & pharma $12.4M
Textiles & consumer goods $3.64M
Raw materials & minerals $3.44M
Processed food, beverages & tobacco $546K
Animal & marine products $437K
Metals $286K
Raw agricultural goods $219K
Machinery & equipment $119K
Miscellaneous $23K
Wood & paper products $16K
Myanmar
Export category Export value
Raw agricultural goods $59.3M
Machinery & equipment $31.7M
Animal & marine products $17.6M
Processed food, beverages & tobacco $9.63M
Textiles & consumer goods $3.96M
Raw materials & minerals $1.61M
Chemicals & pharma $545K
Metals $362K
Wood & paper products $73K
Miscellaneous $9K

Balance of trade

Bangladesh Myanmar
Current account balance
$1.43B
2024
$67.7M
2019
Current account balance ranking
52/190
2024
71/190
2019
Current account balance, % of GDP
+0.32%
2024
+0.09%
2019
Goods imports
$63.8B
2024
$13.7B
2019
Goods exports
$47.3B
2024
$10.8B
2019
Service imports
$12.3B
2024
$3.66B
2019
Service exports
$7.47B
2024
$6.68B
2019
Imports of goods and services, % of GDP
16.3%
2024
n/a
Exports of goods and services, % of GDP
10.5%
2024
24.3%
2025

Economic freedom indices

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

Bangladesh Myanmar
Economic freedom 54.8 44.5
Economic freedom ranking 131/197 180/197
Property rights 32.1 5.7
Government integrity 22.7 18.1
Judicial effectiveness 36.7 3.9
Tax burden 79.9 88.6
Government spending 95.3 86.6
Fiscal health 68.4 62.7
Business freedom 52.7 37.9
Labor freedom 50.5 53.2
Monetary freedom 65.8 57.5
Trade freedom 63 69.4
Investment freedom 50 30
Financial freedom 40 20

Economic freedom comparison by year

Bangladesh
Myanmar
1x
Year Economic freedom index
Bangladesh Myanmar
2026 54.8 44.5
2025 54.7 43.7
2024 54.4 42.2
2023 54.4 46.5
2022 52.7 49.6
2021 56.5 55.2
2020 56.4 54
2019 55.6 53.6
2018 55.1 53.9
2017 55 52.5
2016 53.3 48.7
2015 53.9 46.9
2014 54.1 46.5
2013 52.6 39.2
2012 53.2 38.7
2011 53 37.8
2010 51.1 36.7
2009 47.5 37.7
2008 44.2 39.5
2007 46.7 41
2006 52.9 40
2005 47.5 40.5
2004 50 43.6
2003 49.3 44.9
2002 51.9 45.5
2001 51.2 46.1
2000 48.9 47.9
1999 50 46.4
1998 52 45.7
1997 49.9 45.4
1996 51.1 45.1
1995 40.9 -

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Myanmar
Services, % of GDP
51.4%
2024
41.4%
2024
Industry, % of GDP
34.1%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
20.8%
2024
GNI, Atlas method
$490B
2024
$65.9B
2024
GNI per capita, PPP
$10,060
2024
$5,890
2024
Total reserves including gold
$21.4B
2024
$9.34B
2023
Total reserves ranking
61/177
2024
81/177
2023
Net foreign direct investment
-$1.49B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$1.31B
2024
$1.1B
2024
Net outflows of foreign direct investment
$34.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
1.31%
2024
Poverty at national poverty lines
18.7%
2022
24.8%
2017
Gross capital formation, % of GDP
30.7%
2024
n/a

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/myanmar | 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.