Australia and Bangladesh Economies: A Side-by-Side Table Comparison

In comparing Australia and Bangladesh, Australia has a population about 0.15 times that of Bangladesh but boasts a land area 51.6 times larger. Its GDP is 3.7 times greater, with a per capita income nearly double that of Bangladesh. Australia’s military spending is over seven times higher, while its imports surpass Bangladesh’s by five times.

Basic Indicators

Indicator	Australia	Bangladesh	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	171.19 million (8th)	Australia’s population is approximately 0.15 times that of Bangladesh.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.15 million sq. km (89th)	Australia is 51.6 times larger than Bangladesh.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	460.20B USD (33rd)	Australia’s total GDP is approximately 3.7 times larger than Bangladesh’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	2,688 USD (136th)	Australia’s GDP per capita is roughly 94% higher than Bangladesh’s, with Australians producing about $62,411.54 more per person annually.

Economic Indexes

Index	Australia	Bangladesh	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.67 (120th)	Australia’s HDI is 0.946 (very high), while Bangladesh’s is 0.670 (medium). Australia’s score is 0.276 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	54.4 (106th)	Australia’s Index of Economic Freedom is 39% higher than Bangladesh’s, 21.8 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	31.8 (2022 est.)	With a 10% higher Gini coefficient, Australia has a higher degree of income inequality than Bangladesh.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Bangladesh
Total imports	363.57B USD	73.17B
Imports % of GDP	19.71%	20.90%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 32%, India 17%, Singapore 6%, Malaysia 5%, Indonesia 5%
Main import items	refined petroleum, cars, garments, trucks, plastic products	refined petroleum, cotton fabric, cotton, fabric, fertilizers
Total exports	447.51B USD	58.89B
Exports % of GDP	25.43%	12.88%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 18%, Germany 16%, UK 8%, Spain 7%, Poland 6%
Main export items	coal, iron ore, natural gas, gold, wheat	garments, footwear, fabric, textiles, jute yarn

Australia’s imports are five times higher than Bangladesh’s, but Bangladesh spends 6% more of its GDP on imports than Australia. Australia’s exports are over seven times Bangladesh’s, focusing on minerals and energy, while Bangladesh specializes in textiles and garments.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Bangladesh
Military expenditure	32.3B USD	4.2B USD
Military expenditure (% of GDP)	1.90%	1.13%
Active military	59k	163k
Active military per 1,000 capita	3.8	1.4

Australia’s military expenditure is over seven times larger than Bangladesh’s at $32.34 billion compared to $4.21 billion, and Australia allocates a higher percentage of its GDP to defense at 1.90% versus Bangladesh’s 1.13%.