Bangladesh/Economy

Economy of Bangladesh

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$437.4B(2023)
GDP PPP (USD)
$1.6T(2023)
GDP per Capita (USD)
$2,551(2023)
GDP Growth (inflation-adjusted)
5.8%(2023)
Inflation (CPI Annual %)
10.5%(2024)

Trade & Finance

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Exports (as share of GDP)
13.2%(2023)
Imports (as share of GDP)
17.8%(2023)
FDI Inflows (as share of GDP)
0.3%(2023)
Remittance Inflow (USD)
$22.1B(2023)
Tax Revenue (as share of GDP)
7.6%(2021)

Labor & Income

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Unemployment Rate
4.7%(2024)
Employment in Services
43.8%(2023)
Poverty Rate
18.7%(2022)
GINI Index
33.4(2022)
GNI per Capita (USD)
$2,880(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
297 kg oil eq.(2022)
Renewable Energy Consumption (%)
25%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Bangladesh

  • The economic architecture of Bangladesh is substantial, anchored by a Gross Domestic Product (GDP) of approximately $437.42B
    2023
    . This places it as the 33rd largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $2.55K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $1.57T, reflecting the population's domestic purchasing power. The economy is experiencing robust expansion, with a high growth rate of 5.8%
    2023
    , but this is challenged by high inflation, with the Consumer Price Index (CPI) at 10.5%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 13.2% of GDP and imports at 17.8%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 0.34% of the economy
    2023
    . This performance positions the country 151st globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $22.07B annually
    2023
    , highlighting the economic importance of its diaspora. The government faces fiscal constraints, with tax revenue representing only 7.6% of GDP
    2021
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $2,880
    2023
    . Globally, this ranks the nation 134th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is stable, with unemployment at 4.7%
    2024
    . The services sector is a primary driver of the labor market, accounting for 43.8% of total employment
    2023
    . Poverty remains a key issue, with 18.7% of the population living below the national poverty line
    2022
    . The country has a relatively equitable distribution of income, with a Gini index of 33.4
    2022
    .
  • On the environment and energy front, energy consumption per capita is 297.118 kg of oil equivalent
    2022
    . There is a growing focus on sustainability, with renewable energy accounting for 25.0% of consumption
    2021
    . Its commitment to clean energy places it 98th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Runaway inflation is the most pressing economic threat, eroding purchasing power and creating instability.

Trade & Investment Profile

The economy is primarily driven by domestic demand, with limited exposure to global trade fluctuations but also fewer opportunities for export-led growth.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.