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Economy of Bangladesh vs Seychelles compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $2.17B for the Seychelles, ranking 36/197 and 176/197 by economy size, respectively.

Bangladesh has $181B in government debt (40.3% of GDP), compared to $1.25B (59.3% of GDP) in the Seychelles.

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 $
Seychelles
GDP, current $

GDP, constant 2015 $
Year GDP
Bangladesh Seychelles
Current $ Constant $ Current $ Constant $
1960 $4,274,894,083 $22,255,159,274 $12,012,025 $132,183,660
1961 $4,817,580,375 $23,603,412,615 $11,592,024 $125,730,088
1962 $5,081,413,542 $24,890,514,015 $12,642,026 $136,302,205
1963 $5,319,458,563 $24,777,039,582 $13,923,029 $150,117,255
1964 $5,386,054,833 $27,490,816,336 $15,393,032 $159,003,065
1965 $5,906,636,792 $27,932,389,835 $15,603,032 $157,316,725
1966 $6,439,687,854 $28,649,361,770 $16,443,034 $179,178,255
1967 $7,253,575,688 $28,111,938,729 $16,632,032 $180,082,639
1968 $7,483,685,771 $30,779,608,228 $16,074,028 $193,684,705
1969 $8,471,006,438 $31,155,383,509 $16,452,028 $193,684,705
1970 $8,992,722,167 $32,906,270,044 $18,432,032 $210,868,160
1971 $8,751,843,188 $31,103,176,562 $21,965,951 $244,294,508
1972 $6,288,245,867 $26,756,903,051 $30,645,123 $259,705,357
1973 $8,086,725,729 $27,646,752,078 $36,896,280 $283,219,564
1974 $12,512,460,520 $30,298,616,456 $43,134,496 $286,909,490
1975 $19,448,348,073 $29,059,944,148 $47,803,146 $296,025,766
1976 $10,117,113,333 $30,705,132,551 $49,278,982 $344,211,798
1977 $9,651,149,302 $31,525,897,955 $64,526,401 $322,904,307
1978 $13,281,767,143 $33,755,988,820 $85,552,366 $391,204,033
1979 $15,565,480,322 $35,376,828,059 $127,261,099 $452,992,130
1980 $18,138,049,096 $35,666,614,469 $156,783,830 $429,886,465
1981 $20,249,694,002 $38,246,717,278 $163,750,728 $413,220,699
1982 $18,525,399,202 $39,063,027,611 $157,211,790 $404,662,591
1983 $17,609,048,822 $40,579,081,838 $156,098,237 $402,168,917
1984 $18,920,840,000 $42,528,220,940 $160,992,921 $419,484,794
1985 $22,278,423,077 $43,949,520,316 $179,691,483 $462,665,475
1986 $21,774,033,333 $45,783,701,931 $221,147,061 $466,190,739
1987 $24,298,032,258 $47,510,847,151 $265,212,957 $488,915,451
1988 $26,579,005,558 $48,658,831,252 $301,985,618 $514,957,094
1989 $28,781,715,189 $50,039,078,964 $324,333,367 $567,923,802
1990 $31,598,340,778 $52,852,405,165 $392,163,561 $610,261,195
1991 $30,957,483,950 $54,694,431,891 $398,307,170 $627,107,005
1992 $31,708,874,594 $57,671,277,832 $461,409,399 $672,089,666
1993 $33,166,519,418 $60,388,495,685 $504,230,621 $721,174,866
1994 $33,768,660,883 $62,737,684,523 $517,570,058 $703,602,944
1995 $37,939,748,769 $65,950,655,693 $540,733,048 $707,015,677
1996 $46,438,484,108 $68,933,550,573 $535,250,347 $777,702,722
1997 $48,244,309,133 $72,028,595,646 $598,966,982 $872,533,006
1998 $49,984,559,471 $75,757,535,399 $647,287,376 $894,062,243
1999 $51,270,569,884 $79,295,530,764 $662,838,615 $910,799,133
2000 $53,369,787,319 $83,492,876,906 $654,212,394 $949,537,227
2001 $53,991,289,844 $87,732,050,538 $662,064,156 $927,971,690
2002 $54,724,081,491 $91,094,928,770 $742,134,838 $939,226,436
2003 $60,158,929,188 $95,412,434,317 $750,847,230 $883,932,969
2004 $65,108,544,250 $100,411,600,214 $893,012,218 $858,736,867
2005 $69,476,001,239 $106,974,447,116 $977,899,382 $936,072,663
2006 $71,795,736,172 $114,111,680,586 $1,081,441,283 $1,024,120,861
2007 $79,611,644,975 $122,166,366,936 $1,077,308,814 $1,115,022,509
2008 $91,636,997,371 $129,513,195,397 $979,597,394 $1,084,627,595
2009 $102,475,158,191 $136,047,297,736 $850,901,620 $1,057,735,599
2010 $115,275,540,051 $143,627,564,998 $981,616,542 $1,105,387,984
2011 $128,607,482,310 $152,912,195,328 $1,058,918,707 $1,210,507,987
2012 $133,310,747,603 $162,884,301,114 $1,089,407,839 $1,248,162,998
2013 $149,998,957,434 $172,679,520,662 $1,333,160,407 $1,263,811,654
2014 $172,886,611,654 $183,145,728,910 $1,387,577,870 $1,315,169,065
2015 $195,146,608,978 $195,146,608,978 $1,432,403,352 $1,432,403,352
2016 $265,224,515,675 $209,028,320,491 $1,568,513,348 $1,605,975,219
2017 $293,732,446,625 $222,803,809,377 $1,675,370,641 $1,717,657,340
2018 $321,362,752,442 $239,111,739,541 $1,784,313,927 $1,802,500,556
2019 $351,231,654,604 $257,958,323,969 $1,868,690,097 $1,901,895,701
2020 $373,979,442,362 $266,852,772,254 $1,382,551,752 $1,678,615,793
2021 $416,271,647,911 $285,368,829,855 $1,487,173,795 $1,687,886,479
2022 $460,131,689,083 $305,629,528,154 $2,018,346,589 $1,902,424,765
2023 $437,415,333,018 $323,279,976,841 $2,187,379,755 $1,945,405,358
2024 $450,119,424,622 $336,932,927,922 $2,167,239,562 $2,012,826,895

Economic indicators

Bangladesh Seychelles
Gross domestic product
$450B
2024
$2.17B
2024
GDP rank
36/197
2024
176/197
2024
GDP growth
2.9%
2023-2024
-0.92%
2023-2024
GDP per capita
$2,593
2024
$17,859
2024
GDP per capita rank
146/197
2024
63/197
2024
GDP per capita, PPP
$9,647
2024
$33,239
2024
Government debt
$181B
2024
$1.25B
2024
Debt-to-GDP ratio
40.3%
2025
59.3%
2025
Government debt per person
$1,041
2024
$10,323
2024
Government debt per person rank
140/185
2024
59/185
2024
Average annual personal income after taxes
$2,159
2025
$9,988
2025
Market capitalization of domestic companies
$87.9B
2024
$811M
2024
Income share by richest 10%
25.5%
2022
23.9%
2018
Income share by poorest 10%
3.7%
2022
2.6%
2018
Government expenditure, % of GDP
13%
2025
36%
2025
Consumer prices inflation
10%
2024-2025
0.31%
2023-2024
Central bank interest rate
10%
2024
1.75%
2024
Unemployment rate
3.35%
2023
2.59%
2024
Population
177398795
125181

GDP per capita in Bangladesh vs Seychelles

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 134th at $9,647, while the Seychelles ranks 67th at $33,239.

Bangladesh
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
Year Current $
Bangladesh Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $82.5 - $288.1 -
1961 $90.4 - $270.3 -
1962 $92.6 - $287 -
1963 $94.1 - $308 -
1964 $92.6 - $332 -
1965 $98.6 - $328 -
1966 $104.4 - $338 -
1967 $114.2 - $333 -
1968 $114.4 - $314 -
1969 $125.9 - $314 -
1970 $130.2 - $344 -
1971 $124.5 - $402 -
1972 $87.8 - $547 -
1973 $109.7 - $649 -
1974 $165 - $745 -
1975 $249.8 - $806 -
1976 $126.7 - $814 -
1977 $117.9 - $1,044 -
1978 $158.3 - $1,377 -
1979 $181.1 - $2,030 -
1980 $206.1 - $2,478 -
1981 $224.2 - $2,557 -
1982 $199.6 - $2,441 -
1983 $184.7 - $2,426 -
1984 $193.4 - $2,488 -
1985 $222.2 - $2,754 -
1986 $212.1 - $3,368 -
1987 $231.5 - $3,872 -
1988 $247.9 - $4,392 -
1989 $263 - $4,689 -
1990 $283.1 $941 $5,642 $8,955
1991 $272.1 $987 $5,655 $9,387
1992 $273.5 $1,045 $6,520 $10,243
1993 $280.8 $1,099 $6,979 $11,020
1994 $280.6 $1,145 $6,975 $10,692
1995 $309 $1,206 $7,181 $10,809
1996 $372 $1,261 $7,004 $11,931
1997 $379 $1,315 $7,747 $13,458
1998 $386 $1,373 $8,210 $13,675
1999 $388 $1,430 $8,243 $13,853
2000 $397 $1,512 $8,064 $14,638
2001 $395 $1,598 $8,153 $14,615
2002 $394 $1,659 $8,864 $14,570
2003 $427 $1,746 $9,070 $14,142
2004 $456 $1,862 $10,828 $14,160
2005 $480 $2,020 $11,802 $15,846
2006 $490 $2,195 $12,783 $17,503
2007 $538 $2,388 $12,669 $19,473
2008 $613 $2,555 $11,265 $18,881
2009 $679 $2,675 $9,747 $18,453
2010 $757 $2,834 $10,935 $18,982
2011 $837 $3,051 $12,110 $21,781
2012 $860 $3,434 $12,337 $22,264
2013 $958 $3,691 $14,821 $22,487
2014 $1,094 $3,973 $15,188 $24,985
2015 $1,224 $4,212 $15,333 $25,435
2016 $1,649 $4,579 $16,567 $28,811
2017 $1,811 $4,883 $17,480 $30,675
2018 $1,965 $5,490 $18,440 $32,091
2019 $2,130 $6,047 $19,142 $34,219
2020 $2,249 $6,641 $14,041 $31,056
2021 $2,483 $7,441 $14,983 $29,980
2022 $2,716 $8,451 $16,837 $29,973
2023 $2,551 $9,148 $18,263 $31,781
2024 $2,593 $9,647 $17,859 $33,239

Spending and national debt comparison

In 2024, Bangladesh's government spending was $54.3B, accounting for 13% of its GDP, while the Seychelles' spent $739M, or 36% of GDP.

Debt-to-GDP ratio is 40.3% in Bangladesh and 59.3% in the Seychelles, ranking 134/185 and 85/185, respectively.

Bangladesh
Government spending

Government debt
Seychelles
Government spending

Government debt
Year % of GDP
Bangladesh Seychelles
Government spending Government debt Government spending Government debt
1983 - - 47.9% 12.4%
1984 - - 50.5% 15.3%
1985 - - 53% 26.5%
1986 - - 58% 31.5%
1987 - - 49.7% 37%
1988 - - 46.7% 41.3%
1989 - - 51.7% 39.9%
1990 9.14% 31.5% 46.1% 80.4%
1991 8.86% 31.8% 52.1% 89.2%
1992 8.8% 33.1% 50.7% 79.9%
1993 9.74% 34.1% 60.4% 82.2%
1994 10% 35.5% 63.6% 123.5%
1995 10.5% 32.9% 53.1% 133.5%
1996 9.79% 31% 59.1% 146.7%
1997 9.89% 29.1% 54.7% 143%
1998 9.82% 31.1% 60.7% 161.2%
1999 8.66% 32.7% 56.1% 159.8%
2000 9.76% 31.2% 55.4% 177.8%
2001 10.7% 37.1% 46.8% 199.8%
2002 10.4% 38.9% 56.3% 195.9%
2003 10.2% 37% 44.6% 177%
2004 9.88% 36.6% 39.9% 163.2%
2005 10.3% 35.6% 39% 144.1%
2006 10.1% 35.3% 43.6% 135.1%
2007 9.63% 35% 41.9% 144%
2008 11.5% 33.9% 27% 192.1%
2009 10.6% 33% 32.1% 106.1%
2010 10.6% 29.6% 34.6% 82.2%
2011 11.5% 29.4% 36.4% 82.5%
2012 11.7% 29.1% 38.6% 80.1%
2013 12.1% 28.3% 37.8% 68.2%
2014 11.7% 28.7% 33.4% 70.4%
2015 11.5% 28.2% 31.5% 64.7%
2016 11.6% 27.7% 34.5% 62.8%
2017 12.2% 28.3% 34.3% 56.7%
2018 13% 29.6% 33% 51.3%
2019 13.6% 32% 31.7% 48.9%
2020 13.3% 34.5% 46.7% 77.4%
2021 12.9% 35.6% 38.8% 71.2%
2022 13% 37.9% 31.3% 60%
2023 12.7% 39.3% 32.9% 55.3%
2024 12.1% 40.1% 34.1% 57.8%
2025 13% 40.3% 36% 59.3%

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 the Seychelles' deficit of -$31.8M, or -1.47% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while the Seychelles ran a deficit in 19 years. On average, Bangladesh posted an annual deficit equal to -2.45% of GDP, compared to deficit of -2.43% of GDP for the Seychelles.

Deficit/surplus
Bangladesh

Seychelles
Year Deficit/surplus, % of GDP
Bangladesh Seychelles
1983 - -3.13%
1984 - -6.09%
1985 - -4.86%
1986 - -10.1%
1987 - 2.77%
1988 - 11.8%
1989 - 8.26%
1990 -0.15% 11.9%
1991 0.44% 3.15%
1992 0.36% 6.44%
1993 0.43% -3.62%
1994 0.03% -6.95%
1995 -0.38% -2.58%
1996 -2.01% -9.69%
1997 -1.94% -5.91%
1998 -2.2% -16.7%
1999 -1.35% -10.3%
2000 -2.5% -14.7%
2001 -3.44% -8.93%
2002 -2.3% -16.3%
2003 -1.96% 3.4%
2004 -2.21% 0.44%
2005 -2.4% 0.42%
2006 -2.15% -2.54%
2007 -1.86% -9.93%
2008 -3.36% 7.88%
2009 -2.68% 4.84%
2010 -2.23% 0.52%
2011 -2.96% 3.36%
2012 -2.56% 2.93%
2013 -2.86% 0.33%
2014 -2.62% 2.87%
2015 -3.29% 1.39%
2016 -3.16% 0.02%
2017 -4.17% -1.67%
2018 -4.07% -0.8%
2019 -5.41% 0.42%
2020 -4.84% -15.7%
2021 -3.56% -5.76%
2022 -4.12% -0.76%
2023 -4.51% -1.14%
2024 -3.79% -1.47%
2025 -4.12% -1.19%

Inflation comparison by year

Over the past 29 years, Bangladesh has recorded an average annual inflation rate of 6.43%, compared with 4.82% in the Seychelles. In 2024, inflation was 10% in Bangladesh and 0.31% in the Seychelles.

Inflation
Bangladesh

Seychelles
Year Inflation
Bangladesh Seychelles Bangladesh Seychelles
1996 6.8% -1.1%
1997 2.7% 0.62%
1998 6.7% 2.58%
1999 8.9% 6.35%
2000 3.6% 6.27%
2001 1.8% 5.97%
2002 2.4% 0.18%
2003 3.9% 3.3%
2004 8.1% 3.86%
2005 6.5% 0.91%
2006 7.2% -0.35%
2007 7.2% 5.32%
2008 9.9% 37%
2009 6.7% 31.8%
2010 7.3% -2.4%
2011 8.8% 2.56%
2012 8.9% 7.11%
2013 6.8% 4.34%
2014 7.3% 1.39%
2015 6.4% 4.04%
2016 5.9% -1.02%
2017 5.4% 2.86%
2018 5.8% 3.7%
2019 5.5% 1.81%
2020 5.6% 1.2%
2021 5.6% 9.77%
2022 6.1% 2.63%
2023 9% -1.04%
2024 9.7% 0.31%
2025 10% -

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $355K
Animal & marine products $158K
Machinery & equipment $122K
Seychelles
Export category Export value
Processed food, beverages & tobacco $1.4M
Textiles & consumer goods $25K

Balance of trade

Bangladesh Seychelles
Current account balance
$1.87B
2024
-$155M
2023
Current account balance ranking
45/189
2024
90/189
2023
Current account balance, % of GDP
+0.42%
2024
-7.09%
2023
Goods imports
$63.8B
2024
$1.43B
2023
Goods exports
$47.3B
2024
$542M
2023
Service imports
$11.3B
2024
$1.01B
2023
Service exports
$6.66B
2024
$1.83B
2023
Imports of goods and services, % of GDP
16.3%
2024
103.2%
2024
Exports of goods and services, % of GDP
10.5%
2024
85.2%
2024

Economic freedom indices

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

Bangladesh Seychelles
Economic freedom 54.7 66.4
Economic freedom ranking 134/197 58/197
Property rights 36.5 74
Government integrity 23.3 75
Judicial effectiveness 27.9 63.7
Tax burden 82.6 79.7
Government spending 95 64.6
Fiscal health 70.2 83.2
Business freedom 53.9 78.8
Labor freedom 47.4 56.5
Monetary freedom 67.1 75.6
Trade freedom 62.2 85.2
Investment freedom 50 30
Financial freedom 40 30

Economic freedom by year comparison

The Economic Freedom Index for Bangladesh is 54.7, ranking 134/197, compared to 66.4 for the Seychelles, ranking 58/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Bangladesh
Seychelles
Year Economic freedom index
Bangladesh Seychelles
1995 40.9 -
1996 51.1 -
1997 49.9 -
1998 52 -
1999 50 -
2000 48.9 -
2001 51.2 -
2002 51.9 -
2003 49.3 -
2004 50 -
2005 47.5 -
2006 52.9 -
2007 46.7 -
2008 44.2 -
2009 47.5 47.8
2010 51.1 47.9
2011 53 51.2
2012 53.2 53
2013 52.6 54.9
2014 54.1 56.2
2015 53.9 57.5
2016 53.3 62.2
2017 55 61.8
2018 55.1 61.6
2019 55.6 61.4
2020 56.4 64.3
2021 56.5 66.3
2022 52.7 61.1
2023 54.4 59.5
2024 54.4 60.4
2025 54.7 66.4

More economic indicators

Bangladesh Seychelles
Services, % of GDP
51.4%
2024
65.8%
2024
Industry, % of GDP
34.1%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
2.45%
2024
GNI, Atlas method
$490B
2024
$2.12B
2024
GNI per capita, PPP
$10,060
2024
$32,180
2024
Total reserves including gold
$21.4B
2024
$774M
2024
Total reserves ranking
61/177
2024
146/177
2024
Net foreign direct investment
-$1.51B
2024
-$279M
2023
Net inflows of foreign direct investment
$1.51B
2024
$299M
2024
Net outflows of foreign direct investment
-$2.07M
2024
$46.1M
2024
Servicing debt to the IMF, % of GNI
1.64%
2023
n/a
Poverty at national poverty lines
18.7%
2022
25.3%
2018
Gross capital formation, % of GDP
30.7%
2024
17.2%
2024

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.