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Economy of Bangladesh vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $115B for Uzbekistan, ranking 36/197 and 66/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Bangladesh vs Uzbekistan GDP by year

Bangladesh
Uzbekistan
1x
Year GDP, current $
Bangladesh Uzbekistan
2024 $450,119,432,069 $114,965,293,467
2023 $437,415,333,018 $102,641,879,249
2022 $460,131,689,083 $90,095,926,567
2021 $416,271,647,911 $77,340,060,003
2020 $373,979,442,362 $66,443,265,418
2019 $351,231,654,604 $67,293,639,798
2018 $321,362,752,442 $58,695,899,092
2017 $293,732,446,625 $69,703,222,283
2016 $265,224,515,675 $86,138,288,644
2015 $195,146,608,978 $86,196,264,755
2014 $172,886,611,654 $80,845,385,809
2013 $149,998,957,434 $73,180,037,915
2012 $133,310,747,603 $67,517,349,212
2011 $128,607,482,310 $60,178,909,297
2010 $115,275,540,051 $49,765,676,402
2009 $102,475,158,191 $33,689,223,673
2008 $91,636,997,371 $29,549,438,884
2007 $79,611,644,975 $22,311,393,928
2006 $71,795,736,172 $17,330,833,853
2005 $69,476,001,239 $14,307,509,839
2004 $65,108,544,250 $12,030,023,548
2003 $60,158,929,188 $10,134,453,435
2002 $54,724,081,491 $9,687,788,513
2001 $53,991,289,844 $11,401,421,329
2000 $53,369,787,319 $13,760,513,969
1999 $51,270,569,884 $17,078,465,982
1998 $49,984,559,471 $14,988,971,211
1997 $48,244,309,133 $14,744,603,774
1996 $46,438,484,108 $13,948,892,216
1995 $37,939,748,769 $13,350,461,265
1994 $33,768,660,883 $12,899,074,922
1993 $33,166,519,418 $13,099,920,056
1992 $31,708,874,594 $12,953,801,760
1991 $30,957,483,950 $13,800,167,712
1990 $31,598,340,778 $13,362,340,338
1989 $28,781,715,189 $11,948,815,258
1988 $26,579,005,558 $10,722,799,639
1987 $24,298,032,258 $8,523,160,593
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bangladesh vs Uzbekistan by year

Bangladesh
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $3,162 $11,879
2023 $2,551 $9,148 $2,879 $11,107
2022 $2,716 $8,451 $2,579 $10,293
2021 $2,483 $7,441 $2,259 $9,248
2020 $2,249 $6,641 $1,978 $8,452
2019 $2,130 $6,047 $2,041 $8,544
2018 $1,965 $5,490 $1,813 $8,129
2017 $1,811 $4,883 $2,191 $7,818
2016 $1,649 $4,579 $2,753 $6,919
2015 $1,224 $4,212 $2,803 $6,800
2014 $1,094 $3,973 $2,675 $6,610
2013 $958 $3,691 $2,462 $6,413
2012 $860 $3,434 $2,307 $6,168
2011 $837 $3,051 $2,088 $5,949
2010 $757 $2,834 $1,753 $5,505
2009 $679 $2,675 $1,206 $5,135
2008 $613 $2,555 $1,075 $4,800
2007 $538 $2,388 $824 $4,386
2006 $490 $2,195 $649 $3,956
2005 $480 $2,020 $543 $3,618
2004 $456 $1,862 $462 $3,321
2003 $427 $1,746 $394 $3,047
2002 $394 $1,659 $381 $2,902
2001 $395 $1,598 $454 $2,782
2000 $397 $1,512 $555 $2,644
1999 $388 $1,430 $698 $2,522
1998 $386 $1,373 $621 $2,418
1997 $379 $1,315 $621 $2,329
1996 $372 $1,261 $597 $2,214
1995 $309 $1,206 $583 $2,178
1994 $280.6 $1,145 $574 $2,197
1993 $280.8 $1,099 $596 $2,318
1992 $273.5 $1,045 $603 $2,371
1991 $272.1 $987 $658 $2,676
1990 $283.1 $941 $653 $2,665
1989 $263 - $598 -
1988 $247.9 - $551 -
1987 $231.5 - $450 -
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 (1960–2024, retrieved 2026-04-06).

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

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Bangladesh Uzbekistan
Gross domestic product
$450B
2024
$115B
2024
GDP rank
36/197
2024
66/197
2024
GDP growth
4.22%
2023-2024
6.5%
2023-2024
GDP per capita
$2,593
2024
$3,162
2024
GDP per capita rank
146/197
2024
139/197
2024
GDP per capita, PPP
$9,647
2024
$11,879
2024
GDP per capita PPP rank
135/197
2024
125/197
2024
Government debt
$184B
2024
$37.5B
2024
Debt-to-GDP ratio
41%
2024
32.7%
2024
Government debt per person
$1,063
2024
$1,032
2024
Government debt per person rank
139/185
2024
141/185
2024
Average annual personal income after taxes
$2,222
2026
$3,658
2026
Market capitalization of domestic companies
$87.9B
2024
$18.8B
2024
Income share by richest 10%
25.5%
2022
25.7%
2024
Income share by poorest 10%
3.7%
2022
2.3%
2024
Government expenditure, % of GDP
12%
2024
27.6%
2024
Consumer prices inflation
9.7%
2023-2024
9.6%
2023-2024
Central bank interest rate
10%
2024
14%
2025
Unemployment rate
3.64%
2024
5.29%
2020
Population
178415186
37939105

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Bangladesh Uzbekistan
Government spending Government debt Government spending Government debt
2024 12% 41% 27.6% 32.7%
2023 12.6% 39.7% 29.9% 32.2%
2022 13% 37.9% 31.3% 30.5%
2021 12.9% 35.6% 27.4% 31.7%
2020 13.3% 34.5% 26% 33.7%
2019 13.6% 32% 24.4% 25.4%
2018 13% 29.6% 22.2% 17.5%
2017 12.2% 28.3% 19.9% 17.3%
2016 11.6% 27.7% 23.3% 8.19%
2015 11.5% 28.2% 24.6% 6.72%
2014 11.7% 28.7% 24.9% 6.09%
2013 12.1% 28.3% 25.2% 6.23%
2012 11.7% 29.1% 23.9% 6.76%
2011 11.5% 29.4% 23.7% 6.33%
2010 10.6% 29.6% 26.4% 6.61%
2009 10.6% 33% 27.5% 7.3%
2008 11.5% 33.9% 26.5% 8.33%
2007 9.63% 35% 24.8% 9.56%
2006 10.1% 35.3% 24.7% 13.5%
2005 10.3% 35.6% 28.1% 21%
2004 9.88% 36.6% 29.4% 26.9%
2003 10.2% 37% 31.5% 31.4%
2002 10.4% 38.9% 34.6% 41.6%
2001 10.7% 37.1% 30.6% 44.8%
2000 9.76% 31.2% 32.9% 29.5%
1999 8.66% 32.7% 33.6% 18.4%
1998 9.82% 31.1% 35.1% 18%
1997 9.89% 29.1% 31.8% 15.3%
1996 9.79% 31% 35.1% -
1995 10.5% 32.9% 29.4% -
1994 10% 35.5% 27.1% -
1993 9.74% 34.1% 39.6% -
1992 8.8% 33.1% 18% -
1991 8.86% 31.8% - -
1990 9.14% 31.5% - -

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/uzbekistan | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 32.7% in Uzbekistan, ranking 131/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Bangladesh Uzbekistan
2024 -3.69% -2.37%
2023 -4.39% -4.03%
2022 -4.53% -3.65%
2021 -3.56% -4.1%
2020 -4.84% -2.95%
2019 -5.41% -0.3%
2018 -4.07% 1.64%
2017 -4.17% 1.04%
2016 -3.16% 0.7%
2015 -3.29% -0.28%
2014 -2.62% 1.9%
2013 -2.86% 2.15%
2012 -2.56% 5.89%
2011 -2.96% 5.11%
2010 -2.23% 2.56%
2009 -2.68% 1.82%
2008 -3.36% 5.97%
2007 -1.86% 3.55%
2006 -2.15% 2.72%
2005 -2.4% -3.52%
2004 -2.21% -3.74%
2003 -1.96% -4.87%
2002 -2.3% -6.31%
2001 -3.44% -3.28%
2000 -2.5% -3.66%
1999 -1.35% -2.91%
1998 -2.2% -3.04%
1997 -1.94% -2.05%
1996 -2.01% -1.57%
1995 -0.38% -1.77%
1994 0.03% -4.47%
1993 0.43% -12%
1992 0.36% 7.15%
1991 0.44% -
1990 -0.15% -

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

GeoRank.org/economy/bangladesh/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 33 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Uzbekistan ran a deficit in 20 years. On average, Bangladesh posted an annual deficit equal to 2.61% of GDP, compared to deficit of 0.87% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Bangladesh

Uzbekistan
1x
Year Consumer prices inflation
Bangladesh Uzbekistan
2024 9.7% 9.6%
2023 9% 10%
2022 6.1% 11.4%
2021 5.6% 10.8%
2020 5.6% 12.9%
2019 5.5% 14.5%
2018 5.8% 17.5%
2017 5.4% 13.9%
2016 5.9% 8.8%
2015 6.4% 8.5%
2014 7.3% 9.1%
2013 6.8% 11.7%
2012 8.9% 11.9%
2011 8.8% 12.4%
2010 7.3% 12.3%
2009 6.7% 12.3%
2008 9.9% 13.1%
2007 7.2% 11.2%
2006 7.2% 13.1%
2005 6.5% 10.7%
2004 8.1% 7.3%
2003 3.9% 12.5%
2002 2.4% 27.3%
2001 1.8% 27.3%
2000 3.6% 25%
1999 8.9% 29.1%
1998 6.7% 29%
1997 2.7% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 16.6% in Uzbekistan. In 2024, inflation was 9.7% in Bangladesh and 9.6% in Uzbekistan.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $10.1M
Miscellaneous $37K
Chemicals & pharma $26K
Metals $3K
Uzbekistan
Export category Export value
Textiles & consumer goods $11.4M
Raw materials & minerals $497K
Raw agricultural goods $37K
Animal & marine products $23K
Machinery & equipment $3K
Metals $3K
Chemicals & pharma $2K
Business & finance services $2K

Balance of trade

Bangladesh Uzbekistan
Current account balance
$1.43B
2024
-$5.71B
2024
Current account balance ranking
52/190
2024
169/190
2024
Current account balance, % of GDP
+0.32%
2024
-4.97%
2024
Goods imports
$63.8B
2024
$33.2B
2024
Goods exports
$47.3B
2024
$19.6B
2024
Service imports
$12.3B
2024
$10.5B
2024
Service exports
$7.47B
2024
$6.55B
2024
Imports of goods and services, % of GDP
16.3%
2024
38%
2024
Exports of goods and services, % of GDP
10.5%
2024
22.8%
2024

Economic freedom indices

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

Bangladesh Uzbekistan
Economic freedom 54.8 60.3
Economic freedom ranking 131/197 94/197
Property rights 32.1 43.1
Government integrity 22.7 32
Judicial effectiveness 36.7 13.7
Tax burden 79.9 95
Government spending 95.3 73.7
Fiscal health 68.4 79.9
Business freedom 52.7 62.5
Labor freedom 50.5 48.4
Monetary freedom 65.8 65.1
Trade freedom 63 80.6
Investment freedom 50 70
Financial freedom 40 60

Economic freedom comparison by year

Bangladesh
Uzbekistan
1x
Year Economic freedom index
Bangladesh Uzbekistan
2026 54.8 60.3
2025 54.7 58
2024 54.4 55.9
2023 54.4 56.5
2022 52.7 55.7
2021 56.5 58.3
2020 56.4 57.2
2019 55.6 53.3
2018 55.1 51.5
2017 55 52.3
2016 53.3 46
2015 53.9 47
2014 54.1 46.5
2013 52.6 46
2012 53.2 45.8
2011 53 45.8
2010 51.1 47.5
2009 47.5 50.5
2008 44.2 51.9
2007 46.7 51.5
2006 52.9 48.7
2005 47.5 45.8
2004 50 39.1
2003 49.3 38.3
2002 51.9 38.5
2001 51.2 38.2
2000 48.9 38.1
1999 50 33.8
1998 52 31.5
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/uzbekistan | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Uzbekistan
Services, % of GDP
51.4%
2024
45.2%
2024
Industry, % of GDP
34.1%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
18.3%
2024
GNI, Atlas method
$490B
2024
$110B
2024
GNI per capita, PPP
$10,060
2024
$12,000
2024
Total reserves including gold
$21.4B
2024
$41.2B
2024
Total reserves ranking
61/177
2024
50/177
2024
Net foreign direct investment
-$1.49B
2024
-$2.81B
2024
Net inflows of foreign direct investment
$1.31B
2024
$2.99B
2024
Net outflows of foreign direct investment
$34.1M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
9.88%
2024
Poverty at national poverty lines
18.7%
2022
8.9%
2024
Gross capital formation, % of GDP
30.7%
2024
33.3%
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/uzbekistan | 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 (2015–2024, 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.