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Bangladesh vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Bangladesh ranked 44th with $274B. By GDP 5-years average growth and GDP per capita, South Korea and Bangladesh ranked 93rd vs 10th and 33rd vs 155th, respectively.

Gross Domestic Product & Income

StatBangladeshSouth Korea
GDP$274B$1.6T
GDP growth, 1 year7.7%2.7%
GDP growth, 5-years average7.1%3%
Population156.6M51.1M
GDP per capita$1.7k$31k
GDP per capita growth6.74%2.33%
Purchasing Power Parity conversion factor31.9860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.78
GDP per capita, PPP adjusted$4.6k$41k
GNI, Atlas method$282B$1.6T
GNI per capita$1.8k$31k
GNI, PPP adjusted$737.6B$2.1T
GNI per capita, PPP adjusted$4.6k$40k

Financial system and Human development

StatBangladeshSouth Korea
Income Tax Rate25%42%
Corporate Tax Rate45%25%
Inflation, consumer prices5.6%1.5%
Inflation, GDP deflator5.6%0.3%
Unemployment4.3%3.8%
Economic Freedom Index56.474
Personal Freedom Index5.68.84
Human Freedom Index5.88.15
Property Rights Index4182.5
Judical Effectiveness Index36.161
Business Freedom Index52.390.5
Fiscal Health Index76.896.7
Labor Freedom Index68.456.2
Investment Freedom Index4570
Financial Freedom Index3070
Trade Freedom Index63.680
Monetary Freedom Index7082.1
Government Spending Index94.367.7
Tax Burden Index72.763.9
Government Integrity Index26.667.5
Corruption Perceptions Index2657
Life expectancy at birth, years72.182.6
Suicide mortality rate, per 100,000 people5.926.9
Mortality caused by road traffic injury, per 100,000 people15.39.8
Intentional homicides, per 100,000 people2.20.6
International tourism, number of arrivals1M15.3M

Government debt & reserves

StatBangladeshSouth Korea
Central government debt, % of GDP34.8%40.7%
External debt stocks, % of GNI18.2%N/A
External debt stocks$52.1BN/A
Short-term debt, % of total reserves28.2%N/A
Total debt service, % of exports and primary income6.3%N/A
Adjusted net savings including particulate emission damage, % of GNI24.5%20.1%
Gross savings, % of GDP33.3%34.7%
Gross capital formation, % of GDP31.2%30.2%
Total reserves including gold$32B$403.1B
Foreign direct investment net inflows$2.9B$14.5B

Exports, imports and economic structure

StatBangladeshSouth Korea
Exports of goods and services, % of GDP14.8%44%
Imports of goods and services, % of GDP23.4%39%
Current account balance (balance of payments)-$7.6B$76.4B
Revenue excluding grants, % of GDP10.2%27.8%
Grants excluding technical cooperation, BoP$1.3B$6.7M
Personal remittances received$15.6B$7.1B
Industry including construction value added, % of GDP28.5%35.1%
Agriculture, forestry and fishing value added, % of GDP13.1%2%
Charges for the use of intellectual property, payments BoP$39.7M$9.9B
Charges for the use of intellectual property, receipts BoP$444k$7.8B
Expense, % of GDP9.4%25.4%
Government Expenditure, % of GDP13.7%32.8%

Compare with countries close by GDP per capita

Bangladesh vs

CountryGDP
per capita
Population
Laos
$2.5k
6.77M
Honduras
$2.5k
8.1M
Ghana
$2.2k
28.3M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
14.1M
Solomon Islands
$2.1k
561k
East Timor
$2k
1.18M
Syria
$2k
19.8M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.35B
Sao Tome and Principe
$2k
193k
Ivory Coast
$1.7k
20.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
24.9M
Kiribati
$1.6k
102k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
14.1M
Cambodia
$1.5k
15.1M
Pakistan
$1.5k
197M
Comoros
$1.4k
735k
Myanmar
$1.3k
53.3M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k