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Economy of Bangladesh vs Solomon Islands compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $1.58B for the Solomon Islands, ranking 36/197 and 182/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $350M (22.1% of GDP) in the Solomon Islands.

Bangladesh vs Solomon Islands GDP by year

Bangladesh
Solomon Islands
1x
Year GDP, current $
Bangladesh Solomon Islands
2024 $450,119,432,069 $1,583,964,704
2023 $437,415,333,018 $1,506,124,566
2022 $460,131,689,083 $1,466,670,930
2021 $416,271,647,911 $1,558,312,104
2020 $373,979,442,362 $1,536,143,428
2019 $351,231,654,604 $1,619,150,564
2018 $321,362,752,442 $1,615,473,250
2017 $293,732,446,625 $1,469,790,526
2016 $265,224,515,675 $1,379,486,291
2015 $195,146,608,978 $1,307,908,814
2014 $172,886,611,654 $1,335,576,763
2013 $149,998,957,434 $1,285,905,958
2012 $133,310,747,603 $1,185,217,634
2011 $128,607,482,310 $1,063,898,227
2010 $115,275,540,051 $898,128,551
2009 $102,475,158,191 $805,557,289
2008 $91,636,997,371 $776,335,523
2007 $79,611,644,975 $695,291,218
2006 $71,795,736,172 $617,257,458
2005 $69,476,001,239 $552,881,357
2004 $65,108,544,250 $468,000,121
2003 $60,158,929,188 $417,666,639
2002 $54,724,081,491 $346,406,739
2001 $53,991,289,844 $409,508,553
2000 $53,369,787,319 $419,842,674
1999 $51,270,569,884 $488,024,514
1998 $49,984,559,471 $457,579,840
1997 $48,244,309,133 $526,554,006
1996 $46,438,484,108 $510,586,430
1995 $37,939,748,769 $469,443,202
1994 $33,768,660,883 $402,837,005
1993 $33,166,519,418 $300,746,361
1992 $31,708,874,594 $269,034,596
1991 $30,957,483,950 $227,540,473
1990 $31,598,340,778 $214,877,667
1989 $28,781,715,189 $172,882,411
1988 $26,579,005,558 $176,494,394
1987 $24,298,032,258 $155,128,542
1986 $21,774,033,333 $147,620,048
1985 $22,278,423,077 $165,524,943
1984 $18,920,840,000 $181,570,474
1983 $17,609,048,822 $181,220,399
1982 $18,525,399,202 $192,902,019
1981 $20,249,694,002 $193,750,541
1980 $18,138,049,096 $182,852,107
1979 $15,565,480,322 $151,276,496
1978 $13,281,767,143 $111,027,427
1977 $9,651,149,302 $93,145,283
1976 $10,117,113,333 $83,100,834
1975 $19,448,348,073 $74,620,320
1974 $12,512,460,520 $84,539,332
1973 $8,086,725,729 $55,272,109
1972 $6,288,245,867 $40,606,712
1971 $8,751,843,188 $50,056,883
1970 $8,992,722,167 -
1969 $8,471,006,438 $28,606,411
1968 $7,483,685,771 $28,084,253
1967 $7,253,575,688 $25,203,524
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/solomon-islands | CC BY

GDP per capita in Bangladesh vs Solomon Islands by year

Bangladesh
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $1,934 $2,675
2023 $2,551 $9,148 $1,883 $2,597
2022 $2,716 $8,451 $1,878 $2,496
2021 $2,483 $7,441 $2,043 $2,450
2020 $2,249 $6,641 $2,063 $2,405
2019 $2,130 $6,047 $2,224 $2,512
2018 $1,965 $5,490 $2,278 $2,494
2017 $1,811 $4,883 $2,144 $2,454
2016 $1,649 $4,579 $2,083 $2,421
2015 $1,224 $4,212 $2,045 $2,354
2014 $1,094 $3,973 $2,165 $2,377
2013 $958 $3,691 $2,161 $2,394
2012 $860 $3,434 $2,066 $2,320
2011 $837 $3,051 $1,924 $2,306
2010 $757 $2,834 $1,685 $2,182
2009 $679 $2,675 $1,555 $2,021
2008 $613 $2,555 $1,526 $1,989
2007 $538 $2,388 $1,390 $1,869
2006 $490 $2,195 $1,256 $1,786
2005 $480 $2,020 $1,144 $1,693
2004 $456 $1,862 $986 $1,556
2003 $427 $1,746 $896 $1,433
2002 $394 $1,659 $757 $1,344
2001 $395 $1,598 $912 $1,387
2000 $397 $1,512 $953 $1,503
1999 $388 $1,430 $1,134 $1,754
1998 $386 $1,373 $1,092 $1,785
1997 $379 $1,315 $1,292 $1,793
1996 $372 $1,261 $1,289 $1,830
1995 $309 $1,206 $1,220 $1,820
1994 $280.6 $1,145 $1,078 $1,668
1993 $280.8 $1,099 $829 $1,556
1992 $273.5 $1,045 $764 $1,505
1991 $272.1 $987 $666 $1,346
1990 $283.1 $941 $648 $1,266
1989 $263 - $538 -
1988 $247.9 - $567 -
1987 $231.5 - $515 -
1986 $212.1 - $506 -
1985 $222.2 - $586 -
1984 $193.4 - $665 -
1983 $184.7 - $686 -
1982 $199.6 - $756 -
1981 $224.2 - $786 -
1980 $206.1 - $768 -
1979 $181.1 - $658 -
1978 $158.3 - $500 -
1977 $117.9 - $434 -
1976 $126.7 - $401 -
1975 $249.8 - $372 -
1974 $165 - $433 -
1973 $109.7 - $291.3 -
1972 $87.8 - $219.5 -
1971 $124.5 - $277.1 -
1970 $130.2 - - -
1969 $125.9 - $165.9 -
1968 $114.4 - $166.9 -
1967 $114.2 - $153.5 -
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/solomon-islands | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $1,934 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Bangladesh Solomon Islands
Gross domestic product
$450B
2024
$1.58B
2024
GDP rank
36/197
2024
182/197
2024
GDP growth
4.22%
2023-2024
3%
2023-2024
GDP per capita
$2,593
2024
$1,934
2024
GDP per capita rank
146/197
2024
157/197
2024
GDP per capita, PPP
$9,647
2024
$2,675
2024
GDP per capita PPP rank
135/197
2024
183/197
2024
Government debt
$184B
2024
$350M
2024
Debt-to-GDP ratio
41%
2024
22.1%
2024
Government debt per person
$1,063
2024
$427
2024
Government debt per person rank
139/185
2024
169/185
2024
Average annual personal income after taxes
$2,222
2026
$1,776
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
29.2%
2012
Income share by poorest 10%
3.7%
2022
2.8%
2012
Government expenditure, % of GDP
12%
2024
35.8%
2024
Consumer prices inflation
9.7%
2023-2024
4.32%
2023-2024
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
0.69%
2013
Population
178415186
863951

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Bangladesh Solomon Islands
Government spending Government debt Government spending Government debt
2024 12% 41% 35.8% 22.1%
2023 12.6% 39.7% 40.1% 20.3%
2022 13% 37.9% 40.8% 15.5%
2021 12.9% 35.6% 37.8% 15.9%
2020 13.3% 34.5% 40.4% 12.8%
2019 13.6% 32% 35.6% 7.82%
2018 13% 29.6% 34.8% 7.95%
2017 12.2% 28.3% 40.4% 8.77%
2016 11.6% 27.7% 39.6% 7.54%
2015 11.5% 28.2% 41.5% 7.88%
2014 11.7% 28.7% 39.8% 10.1%
2013 12.1% 28.3% 41.8% 11.6%
2012 11.7% 29.1% 29.4% 13.3%
2011 11.5% 29.4% 27% 18.3%
2010 10.6% 29.6% 23.9% 22.9%
2009 10.6% 33% 24.8% 18.9%
2008 11.5% 33.9% 27% 28.9%
2007 9.63% 35% 23.7% 33%
2006 10.1% 35.3% 19.9% 42.3%
2005 10.3% 35.6% 17% 44.7%
2004 9.88% 36.6% 14.7% 58.2%
2003 10.2% 37% 14.9% 61.3%
2002 10.4% 38.9% 16.7% 65.7%
2001 10.7% 37.1% 18.1% 52.8%
2000 9.76% 31.2% 18.7% 44.3%
1999 8.66% 32.7% 18.7% 42%
1998 9.82% 31.1% 15.5% 39.5%
1997 9.89% 29.1% 19.3% 25.9%
1996 9.79% 31% 24.2% -
1995 10.5% 32.9% 24.7% -
1994 10% 35.5% 30.2% -
1993 9.74% 34.1% 33.2% -
1992 8.8% 33.1% 35.1% -
1991 8.86% 31.8% 39.4% -
1990 9.14% 31.5% 30% -

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/solomon-islands | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while the Solomon Islands spent $567M, or 35.8% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 22.1% in the Solomon Islands, ranking 131/185 and 173/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Bangladesh Solomon Islands
2024 -3.69% -3.08%
2023 -4.39% -3.81%
2022 -4.53% -2.51%
2021 -3.56% -1.86%
2020 -4.84% -2.44%
2019 -5.41% -1.52%
2018 -4.07% 1.49%
2017 -4.17% -2.27%
2016 -3.16% -3.56%
2015 -3.29% 0.81%
2014 -2.62% 2.13%
2013 -2.86% 3.57%
2012 -2.56% 4.63%
2011 -2.96% 6.22%
2010 -2.23% 6.02%
2009 -2.68% 2.35%
2008 -3.36% 1.94%
2007 -1.86% 15.3%
2006 -2.15% 13%
2005 -2.4% 13.4%
2004 -2.21% 17%
2003 -1.96% 10.6%
2002 -2.3% -4.35%
2001 -3.44% -2.4%
2000 -2.5% -2.93%
1999 -1.35% -0.32%
1998 -2.2% 5.04%
1997 -1.94% 2.14%
1996 -2.01% 3.73%
1995 -0.38% 3.19%
1994 0.03% 4.33%
1993 0.43% 2.45%
1992 0.36% 4.13%
1991 0.44% 0.14%
1990 -0.15% 0.58%

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

GeoRank.org/economy/bangladesh/solomon-islands | 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 the Solomon Islands' deficit of $48.8M, or 3.08% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while the Solomon Islands ran a deficit in 12 years. On average, Bangladesh posted an annual deficit equal to 2.46% of GDP, compared to surplus of 2.66% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Bangladesh

Solomon Islands
1x
Year Consumer prices inflation
Bangladesh Solomon Islands
2024 9.7% 4.32%
2023 9% 5.89%
2022 6.1% 5.52%
2021 5.6% -0.12%
2020 5.6% 2.96%
2019 5.5% 1.63%
2018 5.8% 3.46%
2017 5.4% 0.49%
2016 5.9% 0.51%
2015 6.4% -0.57%
2014 7.3% 5.17%
2013 6.8% 5.39%
2012 8.9% 5.91%
2011 8.8% 7.34%
2010 7.3% 1.05%
2009 6.7% 7.09%
2008 9.9% 17.3%
2007 7.2% 7.67%
2006 7.2% 11.2%
2005 6.5% 7.33%
2004 8.1% 6.99%
2003 3.9% 8.27%
2002 2.4% 10.9%
2001 1.8% 6.93%
2000 3.6% 7.89%
1999 8.9% 8.02%
1998 6.7% 12.4%
1997 2.7% 8.08%

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/solomon-islands | CC BY

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 6.04% in the Solomon Islands. In 2024, inflation was 9.7% in Bangladesh and 4.32% in the Solomon Islands.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $105K
Processed food, beverages & tobacco $43K
Chemicals & pharma $3K
Solomon Islands
Export category Export value
Raw agricultural goods $1.37M
Processed food, beverages & tobacco $34K
Animal & marine products $8K

Balance of trade

Bangladesh Solomon Islands
Current account balance
$1.43B
2024
-$66.2M
2024
Current account balance ranking
52/190
2024
87/190
2024
Current account balance, % of GDP
+0.32%
2024
-4.18%
2024
Goods imports
$63.8B
2024
$609M
2024
Goods exports
$47.3B
2024
$510M
2024
Service imports
$12.3B
2024
$248M
2024
Service exports
$7.47B
2024
$133M
2024
Imports of goods and services, % of GDP
16.3%
2024
70.8%
2024
Exports of goods and services, % of GDP
10.5%
2024
40.6%
2024

Economic freedom indices

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

Bangladesh Solomon Islands
Economic freedom 54.8 53.7
Economic freedom ranking 131/197 137/197
Property rights 32.1 55.8
Government integrity 22.7 42.7
Judicial effectiveness 36.7 59.1
Tax burden 79.9 71.3
Government spending 95.3 54.6
Fiscal health 68.4 83.3
Business freedom 52.7 52.3
Labor freedom 50.5 60.4
Monetary freedom 65.8 76.5
Trade freedom 63 43.6
Investment freedom 50 15
Financial freedom 40 30

Economic freedom comparison by year

Bangladesh
Solomon Islands
1x
Year Economic freedom index
Bangladesh Solomon Islands
2026 54.8 53.7
2025 54.7 56.3
2024 54.4 55
2023 54.4 56.9
2022 52.7 56.5
2021 56.5 56.5
2020 56.4 52.9
2019 55.6 54.6
2018 55.1 57.5
2017 55 55
2016 53.3 47
2015 53.9 47
2014 54.1 46.2
2013 52.6 45
2012 53.2 46.2
2011 53 45.9
2010 51.1 42.9
2009 47.5 46
2008 44.2 -
2007 46.7 -
2006 52.9 -
2005 47.5 -
2004 50 -
2003 49.3 -
2002 51.9 -
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 2026-03-09).

GeoRank.org/economy/bangladesh/solomon-islands | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Solomon Islands
Services, % of GDP
51.4%
2024
46.9%
2024
Industry, % of GDP
34.1%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
29.7%
2024
GNI, Atlas method
$490B
2024
$1.57B
2024
GNI per capita, PPP
$10,060
2024
$2,680
2024
Total reserves including gold
$21.4B
2024
$688M
2023
Total reserves ranking
61/177
2024
149/177
2023
Net foreign direct investment
-$1.49B
2024
$19.9M
2024
Net inflows of foreign direct investment
$1.31B
2024
$33M
2024
Net outflows of foreign direct investment
$34.1M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
1.64%
2024
Poverty at national poverty lines
18.7%
2022
12.7%
2012
Gross capital formation, % of GDP
30.7%
2024
19.5%
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/solomon-islands | 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 (2015–2018, 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.