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Economy of Bangladesh vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $1.12B for Vanuatu, ranking 36/197 and 188/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Bangladesh vs Vanuatu GDP by year

Bangladesh
Vanuatu
1x
Year GDP, current $
Bangladesh Vanuatu
2024 $450,119,432,069 $1,117,972,034
2023 $437,415,333,018 $1,115,861,056
2022 $460,131,689,083 $1,055,031,361
2021 $416,271,647,911 $950,394,007
2020 $373,979,442,362 $909,421,044
2019 $351,231,654,604 $936,526,268
2018 $321,362,752,442 $914,727,908
2017 $293,732,446,625 $880,043,284
2016 $265,224,515,675 $804,323,577
2015 $195,146,608,978 $759,690,181
2014 $172,886,611,654 $773,717,011
2013 $149,998,957,434 $758,304,466
2012 $133,310,747,603 $747,839,698
2011 $128,607,482,310 $770,153,588
2010 $115,275,540,051 $670,712,980
2009 $102,475,158,191 $592,622,319
2008 $91,636,997,371 $590,748,429
2007 $79,611,644,975 $516,392,923
2006 $71,795,736,172 $439,358,587
2005 $69,476,001,239 $394,962,433
2004 $65,108,544,250 $364,996,869
2003 $60,158,929,188 $314,471,413
2002 $54,724,081,491 $262,596,536
2001 $53,991,289,844 $257,926,882
2000 $53,369,787,319 $272,014,628
1999 $51,270,569,884 $268,006,973
1998 $49,984,559,471 $262,293,411
1997 $48,244,309,133 $272,771,209
1996 $46,438,484,108 $261,370,044
1995 $37,939,748,769 $249,333,250
1994 $33,768,660,883 $233,701,301
1993 $33,166,519,418 $200,491,853
1992 $31,708,874,594 $209,088,825
1991 $30,957,483,950 $201,334,169
1990 $31,598,340,778 $168,879,207
1989 $28,781,715,189 $154,013,202
1988 $26,579,005,558 $158,351,368
1987 $24,298,032,258 $139,464,174
1986 $21,774,033,333 $126,498,935
1985 $22,278,423,077 $131,856,421
1984 $18,920,840,000 $144,482,515
1983 $17,609,048,822 $117,389,554
1982 $18,525,399,202 $114,501,913
1981 $20,249,694,002 $113,781,796
1980 $18,138,049,096 $121,185,498
1979 $15,565,480,322 $119,258,835
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/vanuatu | CC BY

GDP per capita in Bangladesh vs Vanuatu by year

Bangladesh
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $3,411 $3,606
2023 $2,551 $9,148 $3,483 $3,568
2022 $2,716 $8,451 $3,370 $3,453
2021 $2,483 $7,441 $3,107 $3,136
2020 $2,249 $6,641 $3,043 $3,118
2019 $2,130 $6,047 $3,207 $3,315
2018 $1,965 $5,490 $3,207 $3,233
2017 $1,811 $4,883 $3,160 $3,146
2016 $1,649 $4,579 $2,956 $3,030
2015 $1,224 $4,212 $2,855 $2,966
2014 $1,094 $3,973 $2,973 $2,890
2013 $958 $3,691 $2,980 $2,832
2012 $860 $3,434 $3,005 $2,834
2011 $837 $3,051 $3,163 $2,816
2010 $757 $2,834 $2,815 $2,733
2009 $679 $2,675 $2,546 $2,730
2008 $613 $2,555 $2,604 $2,701
2007 $538 $2,388 $2,334 $2,573
2006 $490 $2,195 $2,035 $2,496
2005 $480 $2,020 $1,874 $2,287
2004 $456 $1,862 $1,774 $2,157
2003 $427 $1,746 $1,567 $2,070
2002 $394 $1,659 $1,341 $1,995
2001 $395 $1,598 $1,350 $2,125
2000 $397 $1,512 $1,460 $2,206
1999 $388 $1,430 $1,472 $2,084
1998 $386 $1,373 $1,471 $2,091
1997 $379 $1,315 $1,562 $2,087
1996 $372 $1,261 $1,529 $1,998
1995 $309 $1,206 $1,492 $1,961
1994 $280.6 $1,145 $1,431 $1,946
1993 $280.8 $1,099 $1,257 $1,789
1992 $273.5 $1,045 $1,344 $1,777
1991 $272.1 $987 $1,326 $1,737
1990 $283.1 $941 $1,141 $1,670
1989 $263 - $1,067 -
1988 $247.9 - $1,125 -
1987 $231.5 - $1,017 -
1986 $212.1 - $946 -
1985 $222.2 - $1,012 -
1984 $193.4 - $1,137 -
1983 $184.7 - $947 -
1982 $199.6 - $946 -
1981 $224.2 - $962 -
1980 $206.1 - $1,048 -
1979 $181.1 - $1,055 -
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/vanuatu | CC BY

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Vanuatu ranks 170th at $3,606.

Economic indicators

Bangladesh Vanuatu
Gross domestic product
$450B
2024
$1.12B
2024
GDP rank
36/197
2024
188/197
2024
GDP growth
4.22%
2023-2024
0.94%
2023-2024
GDP per capita
$2,593
2024
$3,411
2024
GDP per capita rank
146/197
2024
137/197
2024
GDP per capita, PPP
$9,647
2024
$3,606
2024
GDP per capita PPP rank
135/197
2024
170/197
2024
Government debt
$184B
2024
$507M
2024
Debt-to-GDP ratio
41%
2024
45.3%
2024
Government debt per person
$1,063
2024
$1,546
2024
Government debt per person rank
139/185
2024
131/185
2024
Average annual personal income after taxes
$2,222
2026
$3,164
2026
Market capitalization of domestic companies
$87.9B
2024
n/a
Income share by richest 10%
25.5%
2022
24.7%
2019
Income share by poorest 10%
3.7%
2022
3%
2019
Government expenditure, % of GDP
12%
2024
41.1%
2024
Consumer prices inflation
9.7%
2023-2024
11.2%
2022-2023
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
4.05%
2020
Population
178415186
344750

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Bangladesh Vanuatu
Government spending Government debt Government spending Government debt
2024 12% 41% 41.1% 45.3%
2023 12.6% 39.7% 41.6% 41.8%
2022 13% 37.9% 42% 42.8%
2021 12.9% 35.6% 44.4% 48.5%
2020 13.3% 34.5% 43.4% 48%
2019 13.6% 32% 39.8% 45.1%
2018 13% 29.6% 33.3% 45.3%
2017 12.2% 28.3% 37.1% 52.6%
2016 11.6% 27.7% 35.2% 42.5%
2015 11.5% 28.2% 42.4% 36.3%
2014 11.7% 28.7% 23.3% 20.2%
2013 12.1% 28.3% 22.9% 18.6%
2012 11.7% 29.1% 24.5% 19.3%
2011 11.5% 29.4% 25.1% 21.3%
2010 10.6% 29.6% 28.3% 20.2%
2009 10.6% 33% 27.6% 21.1%
2008 11.5% 33.9% 27.8% 21.2%
2007 9.63% 35% 22.5% 19.5%
2006 10.1% 35.3% 20.1% 22.2%
2005 10.3% 35.6% 18.3% 26.3%
2004 9.88% 36.6% 18.5% 30.4%
2003 10.2% 37% 18.8% 38.3%
2002 10.4% 38.9% 22.3% 38.8%
2001 10.7% 37.1% 22.3% 37%
2000 9.76% 31.2% 25.4% 36.1%
1999 8.66% 32.7% 23.9% 30.6%
1998 9.82% 31.1% 27.9% 28%
1997 9.89% 29.1% 22.2% 22.9%
1996 9.79% 31% 24.5% 23.1%
1995 10.5% 32.9% 28% 24.1%
1994 10% 35.5% 24.4% 21.6%
1993 9.74% 34.1% 26.2% 20.3%
1992 8.8% 33.1% 31.8% 21%
1991 8.86% 31.8% 33.2% 15.9%
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/vanuatu | CC BY

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 45.3% in Vanuatu, ranking 131/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Vanuatu
1x
Year Deficit/surplus, % of GDP
Bangladesh Vanuatu
2024 -3.69% -2.34%
2023 -4.39% -0.95%
2022 -4.53% -6.5%
2021 -3.56% 2.38%
2020 -4.84% -1.95%
2019 -5.41% 2.81%
2018 -4.07% 6.26%
2017 -4.17% -1.2%
2016 -3.16% -0.72%
2015 -3.29% -8.66%
2014 -2.62% 1.44%
2013 -2.86% -0.25%
2012 -2.56% -1.7%
2011 -2.96% -2.19%
2010 -2.23% -2.63%
2009 -2.68% -0.85%
2008 -3.36% -0.04%
2007 -1.86% 0.28%
2006 -2.15% 0.49%
2005 -2.4% 1.86%
2004 -2.21% 0.8%
2003 -1.96% -1.35%
2002 -2.3% -3.63%
2001 -3.44% -3.33%
2000 -2.5% -6.28%
1999 -1.35% -0.55%
1998 -2.2% -6.65%
1997 -1.94% -0.51%
1996 -2.01% -1.78%
1995 -0.38% -2.59%
1994 0.03% -1.49%
1993 0.43% -3.67%
1992 0.36% -2.32%
1991 0.44% -2.81%
1990 -0.15% -

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

GeoRank.org/economy/bangladesh/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, Bangladesh recorded a fiscal deficit in 30 of those years, while Vanuatu ran a deficit in 26 years. On average, Bangladesh posted an annual deficit equal to 2.52% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Bangladesh

Vanuatu
1x
Year Consumer prices inflation
Bangladesh Vanuatu
2024 9.7% -
2023 9% 11.2%
2022 6.1% 6.68%
2021 5.6% 2.34%
2020 5.6% 5.33%
2019 5.5% 2.76%
2018 5.8% 2.33%
2017 5.4% 3.08%
2016 5.9% 0.84%
2015 6.4% 2.48%
2014 7.3% 0.8%
2013 6.8% 1.46%
2012 8.9% 1.35%
2011 8.8% 0.87%
2010 7.3% 2.76%
2009 6.7% 4.3%
2008 9.9% 4.84%
2007 7.2% 3.94%
2006 7.2% 2.04%
2005 6.5% 1.2%
2004 8.1% 1.42%
2003 3.9% 3.02%
2002 2.4% 1.96%
2001 1.8% 3.58%
2000 3.6% 2.54%
1999 8.9% 2%
1998 6.7% 3.28%
1997 2.7% 2.83%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2023, retrieved 2026-04-06).

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

Over the past 27 years, Bangladesh has recorded an average annual inflation rate of 6.3%, compared with 3.01% in Vanuatu. In 2023, inflation was 9.7% in Bangladesh and 11.2% in Vanuatu.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $190K
Processed food, beverages & tobacco $37K
Chemicals & pharma $4K
Raw agricultural goods $4K
Vanuatu
Export category Export value

Balance of trade

Bangladesh Vanuatu
Current account balance
$1.43B
2024
-$127M
2022
Current account balance ranking
52/190
2024
90/190
2022
Current account balance, % of GDP
+0.32%
2024
-12.1%
2022
Goods imports
$63.8B
2024
$350M
2022
Goods exports
$47.3B
2024
$73.6M
2022
Service imports
$12.3B
2024
$230M
2022
Service exports
$7.47B
2024
$78.5M
2022
Imports of goods and services, % of GDP
16.3%
2024
54.2%
2022
Exports of goods and services, % of GDP
10.5%
2024
9.43%
2022

Economic freedom indices

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

Bangladesh Vanuatu
Economic freedom 54.8 61.1
Economic freedom ranking 131/197 92/197
Property rights 32.1 62.1
Government integrity 22.7 48.3
Judicial effectiveness 36.7 67.9
Tax burden 79.9 96.9
Government spending 95.3 48.1
Fiscal health 68.4 78.8
Business freedom 52.7 50.3
Labor freedom 50.5 41
Monetary freedom 65.8 72.1
Trade freedom 63 62
Investment freedom 50 65
Financial freedom 40 40

Economic freedom comparison by year

Bangladesh
Vanuatu
1x
Year Economic freedom index
Bangladesh Vanuatu
2026 54.8 61.1
2025 54.7 61.8
2024 54.4 62.2
2023 54.4 62.1
2022 52.7 62.9
2021 56.5 60.5
2020 56.4 60.7
2019 55.6 56.4
2018 55.1 69.5
2017 55 67.4
2016 53.3 60.8
2015 53.9 61.1
2014 54.1 59.5
2013 52.6 56.6
2012 53.2 56.6
2011 53 56.7
2010 51.1 56.4
2009 47.5 58.4
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/vanuatu | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Vanuatu
Services, % of GDP
51.4%
2024
59.1%
2022
Industry, % of GDP
34.1%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
24.3%
2022
GNI, Atlas method
$490B
2024
$1.28B
2024
GNI per capita, PPP
$10,060
2024
$4,140
2024
Total reserves including gold
$21.4B
2024
$615M
2024
Total reserves ranking
61/177
2024
152/177
2024
Net foreign direct investment
-$1.49B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$1.31B
2024
$28.9M
2024
Net outflows of foreign direct investment
$34.1M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
2.04%
2024
Poverty at national poverty lines
18.7%
2022
15.9%
2020
Gross capital formation, % of GDP
30.7%
2024
38.3%
2022

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/vanuatu | 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, 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.