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Economy of Bangladesh vs Taiwan compared: GDP & Debt

Updated on by Georank

Bangladesh has a GDP of $456B compared to $802B for Taiwan, ranking 38/197 and 22/197 by economy size, respectively.

Bangladesh has $192B in government debt (42% of GDP), compared to $215B (22.4% of GDP) in Taiwan.

Bangladesh vs Taiwan GDP by year

Bangladesh
Taiwan
1x
Year GDP, current $
Bangladesh Taiwan
2025 $456,319,229,256 -
2024 $450,119,432,069 $801,529,000,000
2023 $437,415,333,018 $757,328,000,000
2022 $460,131,689,083 $765,529,000,000
2021 $416,271,647,911 $777,062,000,000
2020 $373,979,442,362 $676,935,000,000
2019 $351,231,654,604 $613,453,000,000
2018 $321,362,752,442 $610,744,000,000
2017 $293,732,446,625 $591,734,000,000
2016 $265,224,515,675 $543,002,000,000
2015 $195,146,608,978 $534,474,000,000
2014 $172,886,611,654 $535,332,000,000
2013 $149,998,957,434 $512,957,000,000
2012 $133,310,747,603 $495,536,000,000
2011 $128,607,482,310 $483,957,000,000
2010 $115,275,540,051 $444,245,000,000
2009 $102,475,158,191 $390,788,000,000
2008 $91,636,997,371 $415,824,000,000
2007 $79,611,644,975 $406,940,000,000
2006 $71,795,736,172 $386,492,000,000
2005 $69,476,001,239 $374,042,000,000
2004 $65,108,544,250 $346,881,000,000
2003 $60,158,929,188 $317,374,000,000
2002 $54,724,081,491 $307,429,000,000
2001 $53,991,289,844 $299,303,000,000
2000 $53,369,787,319 $330,725,000,000
1999 $51,270,569,884 $303,827,000,000
1998 $49,984,559,471 $279,926,000,000
1997 $48,244,309,133 $303,315,000,000
1996 $46,438,484,108 $292,473,000,000
1995 $37,939,748,769 $279,013,000,000
1994 $33,768,660,883 $256,213,000,000
1993 $33,166,519,418 $234,943,000,000
1992 $31,708,874,594 $222,947,000,000
1991 $30,957,483,950 $187,100,000,000
1990 $31,598,340,778 $166,392,000,000
1989 $28,781,715,189 $152,687,000,000
1988 $26,579,005,558 $126,378,000,000
1987 $24,298,032,258 $104,956,000,000
1986 $21,774,033,333 $78,347,000,000
1985 $22,278,423,077 $63,599,000,000
1984 $18,920,840,000 $61,036,000,000
1983 $17,609,048,822 $54,155,000,000
1982 $18,525,399,202 $49,540,000,000
1981 $20,249,694,002 $49,047,000,000
1980 $18,138,049,096 $42,292,000,000
1979 $15,565,480,322 $33,875,000,000
1978 $13,281,767,143 $27,373,000,000
1977 $9,651,149,302 $22,252,000,000
1976 $10,117,113,333 $18,988,000,000
1975 $19,448,348,073 $15,836,000,000
1974 $12,512,460,520 $14,739,000,000
1973 $8,086,725,729 $10,940,000,000
1972 $6,288,245,867 $8,063,000,000
1971 $8,751,843,188 $6,727,000,000
1970 $8,992,722,167 $5,785,000,000
1969 $8,471,006,438 $5,017,000,000
1968 $7,483,685,771 $4,325,000,000
1967 $7,253,575,688 $3,709,000,000
1966 $6,439,687,854 $3,207,000,000
1965 $5,906,636,792 $2,869,000,000
1964 $5,386,054,833 $2,592,000,000
1963 $5,319,458,563 $2,218,000,000
1962 $5,081,413,542 $1,960,000,000
1961 $4,817,580,375 $1,778,000,000
1960 $4,274,894,083 $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-07-08); World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bangladesh vs Taiwan by year

Bangladesh
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,597 - - -
2024 $2,593 $9,647 $34,238 -
2023 $2,551 $9,148 $32,444 -
2022 $2,716 $8,451 $32,827 -
2021 $2,483 $7,441 $33,111 -
2020 $2,249 $6,641 $28,705 -
2019 $2,130 $6,047 $25,998 -
2018 $1,965 $5,490 $25,901 -
2017 $1,811 $4,883 $25,121 $50,500
2016 $1,649 $4,579 $23,091 -
2015 $1,224 $4,212 $22,780 $46,800
2014 $1,094 $3,973 $22,874 -
2013 $958 $3,691 $21,973 $39,600
2012 $860 $3,434 $21,295 $39,400
2011 $837 $3,051 $20,866 $38,200
2010 $757 $2,834 $19,197 $35,700
2009 $679 $2,675 $16,933 $32,000
2008 $613 $2,555 $18,081 $31,100
2007 $538 $2,388 $17,757 $30,100
2006 $490 $2,195 $16,934 $29,500
2005 $480 $2,020 $16,456 $27,500
2004 $456 $1,862 $15,317 $25,300
2003 $427 $1,746 $14,066 $23,400
2002 $394 $1,659 $13,686 $18,000
2001 $395 $1,598 $13,397 $17,200
2000 $397 $1,512 $14,908 $17,400
1999 $388 $1,430 $13,804 $16,100
1998 $386 $1,373 $12,820 -
1997 $379 $1,315 $14,020 -
1996 $372 $1,261 $13,641 -
1995 $309 $1,206 $13,119 -
1994 $280.6 $1,145 $12,150 -
1993 $280.8 $1,099 $11,242 -
1992 $273.5 $1,045 $10,768 -
1991 $272.1 $987 $9,125 -
1990 $283.1 $941 $8,205 -
1989 $263 - $7,613 -
1988 $247.9 - $6,370 -
1987 $231.5 - $5,350 -
1986 $212.1 - $4,036 -
1985 $222.2 - $3,314 -
1984 $193.4 - $3,224 -
1983 $184.7 - $2,903 -
1982 $199.6 - $2,699 -
1981 $224.2 - $2,720 -
1980 $206.1 - $2,389 -
1979 $181.1 - $1,950 -
1978 $158.3 - $1,606 -
1977 $117.9 - $1,330 -
1976 $126.7 - $1,158 -
1975 $249.8 - $985 -
1974 $165 - $934 -
1973 $109.7 - $706 -
1972 $87.8 - $530 -
1971 $124.5 - $451 -
1970 $130.2 - $397 -
1969 $125.9 - $357 -
1968 $114.4 - $319 -
1967 $114.2 - $280.8 -
1966 $104.4 - $249.1 -
1965 $98.6 - $229.3 -
1964 $92.6 - $213.6 -
1963 $94.1 - $188.6 -
1962 $92.6 - $172 -
1961 $90.4 - $161.2 -
1960 $82.5 - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-07-08); World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-07-08).

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

Bangladesh's GDP per capita is $2,597, ranking 151/197, compared to $34,238 in Taiwan, ranking 38/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Taiwan ranks 44th at $50,500.

Economic indicators

Bangladesh Taiwan
Gross domestic product
$456B
2025
$802B
2024
GDP rank
38/197
2025
22/197
2024
GDP growth
3.49%
2024-2025
2.16%
2023-2024
GDP per capita
$2,597
2025
$34,238
2024
GDP per capita rank
151/197
2025
38/197
2024
GDP per capita, PPP
$9,647
2024
$50,500
2017
GDP per capita PPP rank
135/197
2024
44/197
2017
Government debt
$192B
2025
$215B
2024
Debt-to-GDP ratio
42%
2025
22.4%
2025
Government debt per person
$1,092
2025
$9,170
2024
Government debt per person rank
143/185
2025
64/185
2024
Average annual personal income after taxes
$2,829
2026
$18,863
2026
Market capitalization of domestic companies
$26.2B
2025
n/a
Number of millionaires n/a
772,000
2026
Number of billionaires n/a
66
2026
Income share by richest 10%
25.5%
2022
n/a
Income share by poorest 10%
3.7%
2022
n/a
Government expenditure, % of GDP
10.9%
2025
15.8%
2024
Consumer prices inflation
10%
2024-2025
1.7%
2024-2025
Central bank interest rate
10%
2024
2%
2024
Unemployment rate
3.64%
2024
3.35%
2025
Population
178936470
23229461

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Bangladesh Taiwan
Government spending Government debt Government spending Government debt
2025 10.9% 42% - 22.4%
2024 12% 41% 15.8% 26.8%
2023 12.6% 39.7% 17.1% 29%
2022 13% 37.9% 16% 29.5%
2021 12.9% 35.6% 15.4% 30.1%
2020 13.3% 34.5% 16.2% 32%
2019 13.6% 32% 15.3% 32.6%
2018 13% 29.6% 15.4% 33.8%
2017 12.2% 28.3% 15.4% 34.5%
2016 11.6% 27.7% 15.6% 35.4%
2015 11.5% 28.2% 15.5% 35.9%
2014 11.7% 28.7% - 37.5%
2013 12.1% 28.3% - 38.9%
2012 11.7% 29.1% - 39.2%
2011 11.5% 29.4% 18.3% 38.3%
2010 10.6% 29.6% - 36.9%
2009 10.6% 33% - 36.7%
2008 11.5% 33.9% - 33.4%
2007 9.63% 35% - 32.2%
2006 10.1% 35.3% - 33.3%
2005 10.3% 35.6% - 34.1%
2004 9.88% 36.6% - 33.4%
2003 10.2% 37% - 32.1%
2002 10.4% 38.9% - 29.8%
2001 10.7% 37.1% 22.4% 30.1%
2000 9.76% 31.2% - 26.2%
1999 8.66% 32.7% - 23.7%
1998 9.82% 31.1% - 23.7%
1997 9.89% 29.1% - 25%
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% 25.4% -
1990 9.14% 31.5% - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 20.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); National Statistics, Taiwan (1976–2024, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08).

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

In 2025, Bangladesh's government spending was $49.6B, accounting for 10.9% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 42% in Bangladesh and 22.4% in Taiwan, ranking 124/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Taiwan
1x
Year Deficit/surplus, % of GDP
Bangladesh Taiwan
2025 -2.93% -
2024 -3.7% 0.43%
2023 -4.39% -0.61%
2022 -4.53% 0.17%
2021 -3.56% -0.18%
2020 -4.84% -1.03%
2019 -5.41% 0.11%
2018 -4.07% 0.02%
2017 -4.17% -0.14%
2016 -3.16% -0.31%
2015 -3.29% 0.1%
2014 -2.62% -
2013 -2.86% -
2012 -2.56% -
2011 -2.96% -2.15%
2010 -2.23% -
2009 -2.68% -
2008 -3.36% -
2007 -1.86% -
2006 -2.15% -
2005 -2.4% -
2004 -2.21% -
2003 -1.96% -
2002 -2.3% -
2001 -3.44% -3.7%
2000 -2.5% -
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% -4.5%
1990 -0.15% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); National Statistics, Taiwan (1976–2024, retrieved 2026-07-08).

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

In 2024, Bangladesh's government deficit, the difference between spending and revenue, was $16.6B, equivalent to 3.7% of GDP. This compares to Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while Taiwan ran a deficit in 8 years. On average, Bangladesh posted an annual deficit equal to 2.46% of GDP, compared to deficit of 0.91% of GDP for Taiwan.

Inflation comparison by year

Inflation
Bangladesh

Taiwan
1x
Year Consumer prices inflation
Bangladesh Taiwan
2025 10% 1.7%
2024 9.7% 2.2%
2023 9% 2.5%
2022 6.1% 2.9%
2021 5.6% 2%
2020 5.6% -0.2%
2019 5.5% 0.6%
2018 5.8% 1.4%
2017 5.4% 0.6%
2016 5.9% 1.4%
2015 6.4% -0.3%
2014 7.3% 1.2%
2013 6.8% 0.8%
2012 8.9% 1.9%
2011 8.8% 1.4%
2010 7.3% 1%
2009 6.7% -0.9%
2008 9.9% 3.5%
2007 7.2% 1.8%
2006 7.2% 0.6%
2005 6.5% 2.3%
2004 8.1% 1.6%
2003 3.9% -0.3%
2002 2.4% -0.2%
2001 1.8% 0%
2000 3.6% 1.2%
1999 8.9% 0.2%
1998 6.7% 1.7%
1997 2.7% 0.9%

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

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

Over the past 29 years, Bangladesh has recorded an average annual inflation rate of 6.54%, compared with 1.16% in Taiwan. In 2025, inflation was 10% in Bangladesh and 1.7% in Taiwan.

Balance of trade

Bangladesh Taiwan
Current account balance
-$239M
2025
$113B
2024
Current account balance ranking
93/190
2025
5/190
2024
Current account balance, % of GDP
-0.05%
2025
+14.1%
2024
Goods imports
$66B
2025
n/a
Goods exports
$43.8B
2025
n/a
Service imports
$14.7B
2025
n/a
Service exports
$8.42B
2025
n/a
Imports of goods and services, % of GDP
16.8%
2025
54.5%
2025
Exports of goods and services, % of GDP
11.1%
2025
73.6%
2025

Economic freedom indices

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

Bangladesh Taiwan
Economic freedom 54.8 79.8
Economic freedom ranking 131/197 6/197
Property rights 32.1 83.4
Government integrity 22.7 74.3
Judicial effectiveness 36.7 94.3
Tax burden 79.9 78.9
Government spending 95.3 90
Fiscal health 68.4 92.9
Business freedom 52.7 78.6
Labor freedom 50.5 69
Monetary freedom 65.8 80.3
Trade freedom 63 86
Investment freedom 50 70
Financial freedom 40 60

Economic freedom comparison by year

Bangladesh
Taiwan
1x
Year Economic freedom index
Bangladesh Taiwan
2026 54.8 79.8
2025 54.7 79.7
2024 54.4 80
2023 54.4 80.7
2022 52.7 80.1
2021 56.5 78.6
2020 56.4 77.1
2019 55.6 77.3
2018 55.1 76.6
2017 55 76.5
2016 53.3 74.7
2015 53.9 75.1
2014 54.1 73.9
2013 52.6 72.7
2012 53.2 71.9
2011 53 70.8
2010 51.1 70.4
2009 47.5 69.5
2008 44.2 70.3
2007 46.7 69.4
2006 52.9 69.7
2005 47.5 71.3
2004 50 69.6
2003 49.3 71.7
2002 51.9 71.3
2001 51.2 72.8
2000 48.9 72.5
1999 50 71.5
1998 52 70.4
1997 49.9 70
1996 51.1 74.1
1995 40.9 74.2

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

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Taiwan
Services, % of GDP
52.1%
2025
58.1%
2024
Industry, % of GDP
34%
2025
40.4%
2024
Agriculture, forestry, and fishing, % of GDP
11.4%
2025
1.46%
2024
GNI, Atlas method
$499B
2025
$832B
2024
GNI per capita, PPP
$10,710
2025
n/a
Total reserves including gold
$28.6B
2025
n/a
Total reserves ranking
58/177
2025
n/a
Net foreign direct investment
-$1.84B
2025
n/a
Net inflows of foreign direct investment
$1.28B
2024
n/a
Net outflows of foreign direct investment
$34.1M
2024
n/a
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
1.5%
2020
Gross capital formation, % of GDP
28.5%
2025
26.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); National Statistics, Taiwan (1985–2024, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. National Statistics, Taiwan (1951–2026, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08)
  7. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. 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.