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Economy of Bangladesh vs Serbia compared: GDP & Debt

Updated on by Georank

Bangladesh has a GDP of $456B compared to $100B for Serbia, ranking 38/197 and 76/197 by economy size, respectively.

Bangladesh has $192B in government debt (42% of GDP), compared to $42.4B (42.4% of GDP) in Serbia.

Bangladesh vs Serbia GDP by year

Bangladesh
Serbia
1x
Year GDP, current $
Bangladesh Serbia
2025 $456,319,229,256 $99,953,324,473
2024 $450,119,432,069 $90,088,366,320
2023 $437,415,333,018 $81,343,999,280
2022 $460,131,689,083 $66,809,895,701
2021 $416,271,647,911 $66,159,884,073
2020 $373,979,442,362 $55,874,017,669
2019 $351,231,654,604 $53,864,693,665
2018 $321,362,752,442 $52,787,520,249
2017 $293,732,446,625 $45,972,834,714
2016 $265,224,515,675 $42,225,495,910
2015 $195,146,608,978 $41,297,410,635
2014 $172,886,611,654 $49,114,321,280
2013 $149,998,957,434 $50,455,529,604
2012 $133,310,747,603 $45,103,269,969
2011 $128,607,482,310 $51,251,098,408
2010 $115,275,540,051 $43,536,629,233
2009 $102,475,158,191 $46,955,984,410
2008 $91,636,997,371 $54,220,641,202
2007 $79,611,644,975 $44,888,028,946
2006 $71,795,736,172 $33,298,057,362
2005 $69,476,001,239 $28,334,256,181
2004 $65,108,544,250 $26,845,632,342
2003 $60,158,929,188 $23,593,044,418
2002 $54,724,081,491 $17,930,583,571
2001 $53,991,289,844 $13,599,378,662
2000 $53,369,787,319 $7,326,373,882
1999 $51,270,569,884 $20,878,694,851
1998 $49,984,559,471 $21,004,077,441
1997 $48,244,309,133 $27,153,408,995
1996 $46,438,484,108 $23,277,430,168
1995 $37,939,748,769 $17,921,892,655
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bangladesh vs Serbia by year

Bangladesh
GDP per capita

GDP per capita, PPP
Serbia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Serbia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,597 - $15,262 -
2024 $2,593 $9,647 $13,678 $32,832
2023 $2,551 $9,148 $12,282 $29,777
2022 $2,716 $8,451 $10,025 $26,143
2021 $2,483 $7,441 $9,681 $23,406
2020 $2,249 $6,641 $8,099 $21,013
2019 $2,130 $6,047 $7,756 $20,587
2018 $1,965 $5,490 $7,560 $18,469
2017 $1,811 $4,883 $6,548 $17,285
2016 $1,649 $4,579 $5,982 $16,455
2015 $1,224 $4,212 $5,820 $15,546
2014 $1,094 $3,973 $6,887 $15,296
2013 $958 $3,691 $7,040 $15,247
2012 $860 $3,434 $6,263 $14,506
2011 $837 $3,051 $7,082 $14,298
2010 $757 $2,834 $5,971 $13,320
2009 $679 $2,675 $6,414 $13,038
2008 $613 $2,555 $7,377 $13,123
2007 $538 $2,388 $6,081 $11,685
2006 $490 $2,195 $4,493 $10,463
2005 $480 $2,020 $3,808 $9,398
2004 $456 $1,862 $3,597 $8,715
2003 $427 $1,746 $3,154 $8,023
2002 $394 $1,659 $2,391 $7,563
2001 $395 $1,598 $1,812 $6,803
2000 $397 $1,512 $975 $6,416
1999 $388 $1,430 $2,769 $5,897
1998 $386 $1,373 $2,775 $6,460
1997 $379 $1,315 $3,574 $6,040
1996 $372 $1,261 $3,054 $5,434
1995 $309 $1,206 $2,349 $5,022
1994 $280.6 $1,145 - -
1993 $280.8 $1,099 - -
1992 $273.5 $1,045 - -
1991 $272.1 $987 - -
1990 $283.1 $941 - -
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 (1960–2025, retrieved 2026-07-08).

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

Bangladesh's GDP per capita is $2,597, ranking 151/197, compared to $15,262 in Serbia, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Serbia ranks 69th at $32,832.

Economic indicators

Bangladesh Serbia
Gross domestic product
$456B
2025
$100B
2025
GDP rank
38/197
2025
76/197
2025
GDP growth
3.49%
2024-2025
2.03%
2024-2025
GDP per capita
$2,597
2025
$15,262
2025
GDP per capita rank
151/197
2025
69/197
2025
GDP per capita, PPP
$9,647
2024
$32,832
2024
GDP per capita PPP rank
135/197
2024
69/197
2024
Government debt
$192B
2025
$42.4B
2025
Debt-to-GDP ratio
42%
2025
42.4%
2025
Government debt per person
$1,092
2025
$6,478
2025
Government debt per person rank
143/185
2025
75/185
2025
Average annual personal income after taxes
$2,829
2026
$12,492
2026
Market capitalization of domestic companies
$26.2B
2025
$4.06B
2011
Income share by richest 10%
25.5%
2022
24.7%
2023
Income share by poorest 10%
3.7%
2022
2.5%
2023
Government expenditure, % of GDP
10.9%
2025
43.2%
2025
Consumer prices inflation
10%
2024-2025
3.89%
2024-2025
Central bank interest rate
10%
2024
5.75%
2024
Unemployment rate
3.64%
2024
7.3%
2025
Population
178936470
6500256

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Serbia
Spending

Debt
1x
Year % of GDP
Bangladesh Serbia
Government spending Government debt Government spending Government debt
2025 10.9% 42% 43.2% 42.4%
2024 12% 41% 42.2% 44.1%
2023 12.6% 39.7% 40.6% 45.7%
2022 13% 37.9% 41.4% 50.9%
2021 12.9% 35.6% 44.4% 53.6%
2020 13.3% 34.5% 46% 54.3%
2019 13.6% 32% 40.2% 49.5%
2018 13% 29.6% 39% 51.1%
2017 12.2% 28.3% 38.5% 55.3%
2016 11.6% 27.7% 40.3% 65%
2015 11.5% 28.2% 41% 67.1%
2014 11.7% 28.7% 42.9% 63.5%
2013 12.1% 28.3% 40.6% 61.2%
2012 11.7% 29.1% 43.3% 58%
2011 11.5% 29.4% 40% 46%
2010 10.6% 29.6% 41.2% 42.4%
2009 10.6% 33% 41.1% 35.3%
2008 11.5% 33.9% 43.7% 29.4%
2007 9.63% 35% 40.6% 30%
2006 10.1% 35.3% 41.3% 37%
2005 10.3% 35.6% 38.9% 50.1%
2004 9.88% 36.6% 37.8% 57.6%
2003 10.2% 37% 37.6% 64.4%
2002 10.4% 38.9% 38.6% 68.4%
2001 10.7% 37.1% 30.5% 95.9%
2000 9.76% 31.2% 28% 200.6%
1999 8.66% 32.7% - -
1998 9.82% 31.1% - -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08).

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

In 2025, Bangladesh's government spending was $49.6B, accounting for 10.9% of its GDP, while Serbia spent $43.2B, or 43.2% of GDP.

Debt-to-GDP ratio is 42% in Bangladesh and 42.4% in Serbia, ranking 124/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Serbia
1x
Year Deficit/surplus, % of GDP
Bangladesh Serbia
2025 -2.93% -2.21%
2024 -3.7% -1.73%
2023 -4.39% -1.21%
2022 -4.53% -0.14%
2021 -3.56% -3.16%
2020 -4.84% -6.91%
2019 -5.41% -0.004%
2018 -4.07% 0.78%
2017 -4.17% 1.32%
2016 -3.16% -1.08%
2015 -3.29% -3.25%
2014 -2.62% -5.61%
2013 -2.86% -4.79%
2012 -2.56% -6.11%
2011 -2.96% -3.75%
2010 -2.23% -3.35%
2009 -2.68% -3.3%
2008 -3.36% -4.25%
2007 -1.86% -0.8%
2006 -2.15% -0.9%
2005 -2.4% 1.02%
2004 -2.21% 0.06%
2003 -1.96% -2.39%
2002 -2.3% -2.33%
2001 -3.44% 0.32%
2000 -2.5% -0.15%
1999 -1.35% -
1998 -2.2% -
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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Bangladesh's government deficit, the difference between spending and revenue, was $13.4B, equivalent to 2.93% of GDP. This compares to Serbia's deficit of $2.21B, or 2.21% of GDP.

Over the past 26 years, Bangladesh recorded a fiscal deficit in 26 of those years, while Serbia ran a deficit in 21 years. On average, Bangladesh posted an annual deficit equal to 3.16% of GDP, compared to deficit of 2.07% of GDP for Serbia.

Inflation comparison by year

Inflation
Bangladesh

Serbia
1x
Year Consumer prices inflation
Bangladesh Serbia
2025 10% 3.89%
2024 9.7% 4.67%
2023 9% 12.4%
2022 6.1% 12%
2021 5.6% 4.09%
2020 5.6% 1.58%
2019 5.5% 1.85%
2018 5.8% 1.96%
2017 5.4% 3.13%
2016 5.9% 1.12%
2015 6.4% 1.39%
2014 7.3% 2.08%
2013 6.8% 7.69%
2012 8.9% 7.33%
2011 8.8% 11.1%
2010 7.3% 6.14%
2009 6.7% 8.12%
2008 9.9% 12.4%
2007 7.2% 6.39%
2006 7.2% 11.7%
2005 6.5% 16.1%
2004 8.1% 11%
2003 3.9% 9.88%
2002 2.4% 19.5%
2001 1.8% 95%
2000 3.6% 71.1%
1999 8.9% 42.5%
1998 6.7% 30.2%
1997 2.7% 23.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bangladesh has recorded an average annual inflation rate of 6.54%, compared with 15.2% in Serbia. In 2025, inflation was 10% in Bangladesh and 3.89% in Serbia.

Top exports between countries

Bangladesh
Export category Export value
Serbia
Export category Export value
Machinery & equipment $2.24M
Processed food, beverages & tobacco $487K
Weapons & explosives $422K
Miscellaneous $274K
Raw agricultural goods $179K
Chemicals & pharma $66K
Textiles & consumer goods $10K
Metals $5K
Raw materials & minerals $5K
Animal & marine products $3K

Balance of trade

Bangladesh Serbia
Current account balance
-$239M
2025
-$4.9B
2025
Current account balance ranking
93/190
2025
164/190
2025
Current account balance, % of GDP
-0.05%
2025
-4.9%
2025
Goods imports
$66B
2025
$44B
2025
Goods exports
$43.8B
2025
$36.7B
2025
Service imports
$14.7B
2025
$14.6B
2025
Service exports
$8.42B
2025
$17.2B
2025
Imports of goods and services, % of GDP
16.8%
2025
58.6%
2025
Exports of goods and services, % of GDP
11.1%
2025
54.3%
2025

Economic freedom indices

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

Bangladesh Serbia
Economic freedom 54.8 65
Economic freedom ranking 131/197 68/197
Property rights 32.1 57.2
Government integrity 22.7 37.2
Judicial effectiveness 36.7 50.1
Tax burden 79.9 88
Government spending 95.3 48.2
Fiscal health 68.4 94.3
Business freedom 52.7 73.6
Labor freedom 50.5 61.8
Monetary freedom 65.8 73
Trade freedom 63 76.6
Investment freedom 50 70
Financial freedom 40 50

Economic freedom comparison by year

Bangladesh
Serbia
1x
Year Economic freedom index
Bangladesh Serbia
2026 54.8 65
2025 54.7 64.4
2024 54.4 62.7
2023 54.4 63.5
2022 52.7 65.2
2021 56.5 67.2
2020 56.4 66
2019 55.6 63.9
2018 55.1 62.5
2017 55 58.9
2016 53.3 62.1
2015 53.9 60
2014 54.1 59.4
2013 52.6 58.6
2012 53.2 58
2011 53 58
2010 51.1 56.9
2009 47.5 56.6
2008 44.2 -
2007 46.7 -
2006 52.9 -
2005 47.5 -
2004 50 -
2003 49.3 43.5
2002 51.9 46.6
2001 51.2 -
2000 48.9 -
1999 50 -
1998 52 -
1997 49.9 -
1996 51.1 -
1995 40.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 65 for Serbia, ranking 68/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Serbia
Services, % of GDP
52.1%
2025
59.7%
2025
Industry, % of GDP
34%
2025
22.3%
2025
Agriculture, forestry, and fishing, % of GDP
11.4%
2025
3.29%
2025
GNI, Atlas method
$499B
2025
$88.3B
2025
GNI per capita, PPP
$10,710
2025
$31,780
2025
Total reserves including gold
$28.6B
2025
$34.2B
2025
Total reserves ranking
58/177
2025
55/177
2025
Net foreign direct investment
-$1.84B
2025
-$2.6B
2025
Net inflows of foreign direct investment
$1.28B
2024
$5.59B
2024
Net outflows of foreign direct investment
$34.1M
2024
$661M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
12.2%
2024
Poverty at national poverty lines
18.7%
2022
19.7%
2023
Gross capital formation, % of GDP
28.5%
2025
23.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.