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Economy of Bangladesh vs Venezuela compared: GDP & Debt

Updated on by Georank team

Bangladesh has a GDP of $450B compared to $120B for Venezuela, ranking 36/197 and 65/197 by economy size, respectively.

Bangladesh has $184B in government debt (41% of GDP), compared to $197B (164.3% of GDP) in Venezuela.

Bangladesh vs Venezuela GDP by year

Bangladesh
Venezuela
1x
Year GDP, current $
Bangladesh Venezuela
2024 $450,119,432,069 $119,802,963,258
2023 $437,415,333,018 $102,376,526,556
2022 $460,131,689,083 $89,013,255,585
2021 $416,271,647,911 $56,614,976,855
2020 $373,979,442,362 $42,838,020,721
2019 $351,231,654,604 $73,014,084,091
2018 $321,362,752,442 $102,021,093,965
2017 $293,732,446,625 $115,883,275,163
2016 $265,224,515,675 $112,915,034,262
2015 $195,146,608,978 $125,449,241,571
2014 $172,886,611,654 $214,689,614,733
2013 $149,998,957,434 $258,930,655,486
2012 $133,310,747,603 $372,592,062,768
2011 $128,607,482,310 $316,482,190,800
2010 $115,275,540,051 $393,192,354,511
2009 $102,475,158,191 $329,787,628,928
2008 $91,636,997,371 $315,953,388,511
2007 $79,611,644,975 $230,364,012,576
2006 $71,795,736,172 $183,477,522,124
2005 $69,476,001,239 $145,513,489,652
2004 $65,108,544,250 $112,451,400,425
2003 $60,158,929,188 $83,620,628,582
2002 $54,724,081,491 $92,893,587,734
2001 $53,991,289,844 $122,911,036,747
2000 $53,369,787,319 $117,146,466,003
1999 $51,270,569,884 $97,972,842,462
1998 $49,984,559,471 $91,336,763,255
1997 $48,244,309,133 $85,837,678,560
1996 $46,438,484,108 $70,543,211,119
1995 $37,939,748,769 $77,389,487,770
1994 $33,768,660,883 $58,418,666,667
1993 $33,166,519,418 $60,037,460,783
1992 $31,708,874,594 $60,416,519,620
1991 $30,957,483,950 $53,453,444,787
1990 $31,598,340,778 $48,606,952,195
1989 $28,781,715,189 $43,536,709,104
1988 $26,579,005,558 $60,226,413,793
1987 $24,298,032,258 $48,029,034,483
1986 $21,774,033,333 $60,516,123,711
1985 $22,278,423,077 $61,965,466,667
1984 $18,920,840,000 $59,867,743,468
1983 $17,609,048,822 $67,556,279,070
1982 $18,525,399,202 $67,736,744,186
1981 $20,249,694,002 $66,327,441,860
1980 $18,138,049,096 $59,116,511,628
1979 $15,565,480,322 $48,310,930,233
1978 $13,281,767,143 $39,316,279,070
1977 $9,651,149,302 $36,210,697,674
1976 $10,117,113,333 $31,419,534,884
1975 $19,448,348,073 $27,464,651,163
1974 $12,512,460,520 $26,100,930,233
1973 $8,086,725,729 $17,035,581,395
1972 $6,288,245,867 $13,977,727,273
1971 $8,751,843,188 $12,986,590,909
1970 $8,992,722,167 $11,561,111,111
1969 $8,471,006,438 $10,285,111,111
1968 $7,483,685,771 $10,034,444,444
1967 $7,253,575,688 $9,250,000,000
1966 $6,439,687,854 $8,781,333,333
1965 $5,906,636,792 $8,427,777,778
1964 $5,386,054,833 $8,192,413,793
1963 $5,319,458,563 $9,608,717,288
1962 $5,081,413,542 $8,814,309,884
1961 $4,817,580,375 $8,067,267,031
1960 $4,274,894,083 $7,663,938,303

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bangladesh vs Venezuela by year

Bangladesh
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,593 $9,647 $4,218 -
2023 $2,551 $9,148 $3,617 -
2022 $2,716 $8,451 $3,155 -
2021 $2,483 $7,441 $2,005 -
2020 $2,249 $6,641 $1,506 -
2019 $2,130 $6,047 $2,523 -
2018 $1,965 $5,490 $3,423 -
2017 $1,811 $4,883 $3,791 -
2016 $1,649 $4,579 $3,670 -
2015 $1,224 $4,212 $4,103 -
2014 $1,094 $3,973 $7,096 -
2013 $958 $3,691 $8,656 -
2012 $860 $3,434 $12,607 -
2011 $837 $3,051 $10,844 $21,241
2010 $757 $2,834 $13,646 $20,236
2009 $679 $2,675 $11,597 $20,562
2008 $613 $2,555 $11,262 $21,402
2007 $538 $2,388 $8,332 $20,236
2006 $490 $2,195 $6,739 $18,399
2005 $480 $2,020 $5,432 $16,511
2004 $456 $1,862 $4,269 $14,757
2003 $427 $1,746 $3,230 $12,359
2002 $394 $1,659 $3,652 $13,375
2001 $395 $1,598 $4,920 $14,714
2000 $397 $1,512 $4,776 $14,174
1999 $388 $1,430 $4,071 $13,623
1998 $386 $1,373 $3,870 $14,568
1997 $379 $1,315 $3,711 $14,655
1996 $372 $1,261 $3,113 $13,824
1995 $309 $1,206 $3,487 $13,890
1994 $280.6 $1,145 $2,689 $13,370
1993 $280.8 $1,099 $2,825 $13,702
1992 $273.5 $1,045 $2,907 $13,652
1991 $272.1 $987 $2,633 $12,880
1990 $283.1 $941 $2,452 $11,628
1989 $263 - $2,250 -
1988 $247.9 - $3,191 -
1987 $231.5 - $2,611 -
1986 $212.1 - $3,376 -
1985 $222.2 - $3,549 -
1984 $193.4 - $3,520 -
1983 $184.7 - $4,079 -
1982 $199.6 - $4,202 -
1981 $224.2 - $4,228 -
1980 $206.1 - $3,874 -
1979 $181.1 - $3,257 -
1978 $158.3 - $2,727 -
1977 $117.9 - $2,585 -
1976 $126.7 - $2,309 -
1975 $249.8 - $2,078 -
1974 $165 - $2,034 -
1973 $109.7 - $1,367 -
1972 $87.8 - $1,155 -
1971 $124.5 - $1,106 -
1970 $130.2 - $1,015 -
1969 $125.9 - $932 -
1968 $114.4 - $938 -
1967 $114.2 - $893 -
1966 $104.4 - $876 -
1965 $98.6 - $869 -
1964 $92.6 - $874 -
1963 $94.1 - $1,060 -
1962 $92.6 - $1,007 -
1961 $90.4 - $954 -
1960 $82.5 - $939 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bangladesh's GDP per capita is $2,593, ranking 146/197, compared to $4,218 in Venezuela, ranking 128/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Venezuela ranks 93rd at $21,241.

Economic indicators

Bangladesh Venezuela
Gross domestic product
$450B
2024
$120B
2024
GDP rank
36/197
2024
65/197
2024
GDP growth
4.22%
2023-2024
5.3%
2023-2024
GDP per capita
$2,593
2024
$4,218
2024
GDP per capita rank
146/197
2024
128/197
2024
GDP per capita, PPP
$9,647
2024
$21,241
2011
GDP per capita PPP rank
135/197
2024
93/197
2011
Government debt
$184B
2024
$197B
2024
Debt-to-GDP ratio
41%
2024
164.3%
2024
Government debt per person
$1,063
2024
$6,931
2024
Government debt per person rank
139/185
2024
69/185
2024
Average annual personal income after taxes
$2,222
2026
$3,792
2026
Market capitalization of domestic companies
$87.9B
2024
$3.98B
2002
Number of billionaires n/a
1
2025
Income share by richest 10%
25.5%
2022
33.2%
2006
Income share by poorest 10%
3.7%
2022
1.2%
2006
Government expenditure, % of GDP
12%
2024
17.6%
2024
Consumer prices inflation
9.7%
2023-2024
49%
2023-2024
Central bank interest rate
10%
2024
58.4%
2025
Unemployment rate
3.64%
2024
7.53%
2020
Population
178415186
28661242

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Bangladesh Venezuela
Government spending Government debt Government spending Government debt
2024 12% 41% 17.6% 164.3%
2023 12.6% 39.7% 13.1% 138.5%
2022 13% 37.9% 15.1% 164.4%
2021 12.9% 35.6% 13.1% 254.2%
2020 13.3% 34.5% 11.2% 337%
2019 13.6% 32% 21% 206%
2018 13% 29.6% 37.9% 175.3%
2017 12.2% 28.3% 21.8% 133.6%
2016 11.6% 27.7% 19.7% 138.4%
2015 11.5% 28.2% 22.9% 129.8%
2014 11.7% 28.7% 31.6% 84.9%
2013 12.1% 28.3% 36.5% 85.4%
2012 11.7% 29.1% 38% 58.4%
2011 11.5% 29.4% 39.4% 52.5%
2010 10.6% 29.6% 31.1% 37.7%
2009 10.6% 33% 33.3% 27.6%
2008 11.5% 33.9% 34.9% 20.3%
2007 9.63% 35% 35.9% 26.4%
2006 10.1% 35.3% 39.3% 25.7%
2005 10.3% 35.6% 33.5% 34.9%
2004 9.88% 36.6% 31.9% 41.8%
2003 10.2% 37% 32.2% 56%
2002 10.4% 38.9% 31% 48.2%
2001 10.7% 37.1% 31.9% 30.7%
2000 9.76% 31.2% 28.3% 27.7%
1999 8.66% 32.7% 26.1% 29.6%
1998 9.82% 31.1% 28.8% 30.7%
1997 9.89% 29.1% 31% 34.8%
1996 9.79% 31% 27.7% 45.9%
1995 10.5% 32.9% 32.9% 45.9%
1994 10% 35.5% 42.2% 63.9%
1993 9.74% 34.1% 27.7% 57.7%
1992 8.8% 33.1% 30.6% 54.8%
1991 8.86% 31.8% 33.9% 62.2%
1990 9.14% 31.5% 31.9% 63.3%
1989 - - 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2002, retrieved 2026-02-20).

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

In 2024, Bangladesh's government spending was $54.2B, accounting for 12% of its GDP, while Venezuela spent $21.1B, or 17.6% of GDP.

Debt-to-GDP ratio is 41% in Bangladesh and 164.3% in Venezuela, ranking 131/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Venezuela
1x
Year Deficit/surplus, % of GDP
Bangladesh Venezuela
2024 -3.69% -3.6%
2023 -4.39% -1.25%
2022 -4.53% -5.29%
2021 -3.56% -5.85%
2020 -4.84% -6.63%
2019 -5.41% -10.9%
2018 -4.07% -31%
2017 -4.17% -13.3%
2016 -3.16% -8.46%
2015 -3.29% -8.06%
2014 -2.62% -9.81%
2013 -2.86% -10.4%
2012 -2.56% -9.86%
2011 -2.96% -8.24%
2010 -2.23% -4.74%
2009 -2.68% -8.69%
2008 -3.36% -3.46%
2007 -1.86% -2.82%
2006 -2.15% -1.6%
2005 -2.4% 4.09%
2004 -2.21% 2.47%
2003 -1.96% 0.17%
2002 -2.3% -1.48%
2001 -3.44% -4.59%
2000 -2.5% 4.45%
1999 -1.35% 0.74%
1998 -2.2% -4.49%
1997 -1.94% 2.58%
1996 -2.01% 7.94%
1995 -0.38% -5.86%
1994 0.03% -11.2%
1993 0.43% -2.92%
1992 0.36% -6.37%
1991 0.44% -2.28%
1990 -0.15% 3.84%
1989 - -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bangladesh/venezuela | 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 Venezuela's deficit of $4.31B, or 3.6% of GDP.

Over the past 35 years, Bangladesh recorded a fiscal deficit in 31 of those years, while Venezuela ran a deficit in 27 years. On average, Bangladesh posted an annual deficit equal to 2.46% of GDP, compared to deficit of 4.77% of GDP for Venezuela.

Inflation comparison by year

Inflation
Bangladesh

Venezuela
1x
Year Consumer prices inflation
Bangladesh Venezuela
2024 9.7% 49%
2023 9% 338%
2022 6.1% 186.5%
2021 5.6% 1,589%
2020 5.6% 2,355%
2019 5.5% 19,906%
2018 5.8% 65,374%
2017 5.4% 438%
2016 5.9% 254.9%
2015 6.4% 121.7%
2014 7.3% 62.2%
2013 6.8% 40.6%
2012 8.9% 21.1%
2011 8.8% 26.1%
2010 7.3% 28.2%
2009 6.7% 26%
2008 9.9% 31.4%
2007 7.2% 18.7%
2006 7.2% 13.7%
2005 6.5% 16%
2004 8.1% 21.7%
2003 3.9% 31.1%
2002 2.4% 22.4%
2001 1.8% 12.5%
2000 3.6% 16.2%
1999 8.9% 23.6%
1998 6.7% 35.8%
1997 2.7% 50%

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

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

Over the past 28 years, Bangladesh has recorded an average annual inflation rate of 6.42%, compared with 3,254% in Venezuela. In 2024, inflation was 9.7% in Bangladesh and 49% in Venezuela.

Top exports between countries

Bangladesh
Export category Export value
Textiles & consumer goods $784K
Chemicals & pharma $42K
Venezuela
Export category Export value

Balance of trade

Bangladesh Venezuela
Current account balance
$1.43B
2024
-$3.87B
2016
Current account balance ranking
52/190
2024
161/190
2016
Current account balance, % of GDP
+0.32%
2024
-3.43%
2016
Goods imports
$63.8B
2024
$16.3B
2016
Goods exports
$47.3B
2024
$27.4B
2016
Service imports
$12.3B
2024
$9.47B
2016
Service exports
$7.47B
2024
$1.28B
2016
Imports of goods and services, % of GDP
16.3%
2024
9.22%
2024
Exports of goods and services, % of GDP
10.5%
2024
16.9%
2024

Economic freedom indices

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

Bangladesh Venezuela
Economic freedom 54.8 27.3
Economic freedom ranking 131/197 194/197
Property rights 32.1 0
Government integrity 22.7 6.9
Judicial effectiveness 36.7 5.1
Tax burden 79.9 73.4
Government spending 95.3 93
Fiscal health 68.4 29.1
Business freedom 52.7 31.1
Labor freedom 50.5 35.5
Monetary freedom 65.8 0
Trade freedom 63 43.2
Investment freedom 50 0
Financial freedom 40 10

Economic freedom comparison by year

Bangladesh
Venezuela
1x
Year Economic freedom index
Bangladesh Venezuela
2026 54.8 27.3
2025 54.7 27.6
2024 54.4 28.1
2023 54.4 25.8
2022 52.7 24.8
2021 56.5 24.7
2020 56.4 25.2
2019 55.6 25.9
2018 55.1 25.2
2017 55 27
2016 53.3 33.7
2015 53.9 34.3
2014 54.1 36.3
2013 52.6 36.1
2012 53.2 38.1
2011 53 37.6
2010 51.1 37.1
2009 47.5 39.9
2008 44.2 44.7
2007 46.7 47.9
2006 52.9 44.6
2005 47.5 45.2
2004 50 46.7
2003 49.3 54.8
2002 51.9 54.7
2001 51.2 54.6
2000 48.9 57.4
1999 50 56.1
1998 52 54
1997 49.9 52.8
1996 51.1 54.5
1995 40.9 59.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Venezuela
Services, % of GDP
51.4%
2024
51.7%
2014
Industry, % of GDP
34.1%
2024
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
11.2%
2024
5.03%
2014
GNI, Atlas method
$490B
2024
$109B
2024
GNI per capita, PPP
$10,060
2024
$20,800
2011
Total reserves including gold
$21.4B
2024
$9.79B
2017
Total reserves ranking
61/177
2024
77/177
2017
Net foreign direct investment
-$1.49B
2024
-$27M
2016
Net inflows of foreign direct investment
$1.31B
2024
$1.63B
2024
Net outflows of foreign direct investment
$34.1M
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
n/a
Poverty at national poverty lines
18.7%
2022
33.1%
2015
Gross capital formation, % of GDP
30.7%
2024
4.9%
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/venezuela | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1920–2002, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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.