Bangladesh: Economic Data and Country Information
Country Overview
Bangladesh is a rapidly growing economy in South Asia, with a strong emphasis on manufacturing, services, and agriculture. This summary provides an in-depth look at Bangladesh’s economic performance, key sectors, and demographic details using the latest data. The country has made remarkable footsteps in its economic development over the past few decades.
Despite facing numerous challenges, the country has achieved consistent financial growth and improvements in various socio-economic indicators, positioning itself as a rapidly emerging economy.
Economic Data
Gross Domestic Product (GDP)
- Nominal GDP (2023): $460 billion
- GDP Growth Rate (2023): 6.1%
- GDP Per Capita (2023): $2,500
| Year | Nominal GDP (USD Billion) | GDP Growth Rate (%) | GDP Per Capita (USD) |
|---|---|---|---|
| 2020 | 324 | 3.5 | 2,015 |
| 2021 | 356 | 5.0 | 2,173 |
| 2022 | 404 | 6.9 | 2,425 |
| 2023 | 460 | 6.1 | 2,500 |
Sector Contribution to GDP
- Agriculture: 14.2%
- Industry: 28.8%
- Services: 57.0%
Trade
- Exports (2023): $50 billion
- Imports (2023): $65 billion
- Trade Balance (2023): -$15 billion
| Year | Exports (USD Billion) | Imports (USD Billion) | Trade Balance (USD Billion) |
|---|---|---|---|
| 2020 | 40 | 60 | -20 |
| 2021 | 45 | 62 | -17 |
| 2022 | 48 | 63 | -15 |
| 2023 | 50 | 65 | -15 |
Major Export Commodities
- Textiles and Garments: 85%
- Jute and Jute Goods: 5%
- Leather Products: 4%
- Others: 6%
Read more about the Major Export Products of Bangladesh here:
Demographic Information
- Population (2023): 169 million
- Population Growth Rate: 1.1%
- Urban Population: 38%
Population Distribution by Age
- 0-14 years: 28%
- 15-64 years: 66%
- 65 years and over: 6%
Literacy Rate
- Overall: 75%
- Male: 77%
- Female: 73%
Major Cities
- Dhaka: 21 million
- Chittagong: 5 million
- Khulna: 1.5 million
| City | Population (Million) |
|---|---|
| Dhaka | 21 |
| Chittagong | 5 |
| Khulna | 1.5 |
Economic Outlook
Bangladesh is expected to continue its growth trajectory, with a focus on diversifying its industrial base and enhancing its infrastructure. Key development projects in power, transportation, and ICT sectors are underway to support this growth.
References & Important Websites
- World Bank: Bangladesh Economic Indicators
- Bangladesh Bureau of Statistics: BBS Data
- International Monetary Fund: IMF Data
- Prime Minister’s Office (PMO): pmo.gov.bd
- Bangladesh Bureau of Statistics (BBS): bbs.gov.bd
- Ministry of Finance: mof.gov.bd
- Ministry of Commerce: mincom.gov.bd
- Bangladesh Bank (Central Bank): bb.org.bd
- Board of Investment (BOI): boi.gov.bd
- National Board of Revenue (NBR): nbr.gov.bd
- Bangladesh Investment Development Authority (BIDA): bida.gov.bd
- Ministry of Foreign Affairs: mofa.gov.bd
- Bangladesh Export Processing Zones Authority (BEPZA): bepza.gov.bd
- Ministry of Education: moedu.gov.bd
- Ministry of Health and Family Welfare: mohfw.gov.bd
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